Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%

Price spread now: Bybit against Gate+0.041%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$419as in the Funding arb table

Net, price: spread back to 7d avg − costs−$407as in the Price arb table

costs, in and out, $10k−$4114.106% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.041%, 7d avg +0.008%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.033% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MASK_USDT	0.4843	0.0100	pay 0.0100% / 8h	7h 44m	$278K	$300K	50x
Short	Bybit MASKUSDT	0.4845	0.0100	get 0.0050% / 4h	3h 44m	$1.3M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.008%: $3.33
Slippage, 4 orders: −$384.65
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$407.31
Costs to cover: 4.106%
Break-even: never at this rate

Slippage from Gate: live order book, 27 min ago; Bybit: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 27 min ago	9.31 bp	226.4 bp −$226	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	5.16 bp	41.8 bp −$42	101.7 bp −$1,017	doesn't fit	doesn't fit

MASK on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MASK	−0.0040%	4h	0.4837	−0.119%	$23K	$21	—	as long as short
Binance MASKUSDT	+0.0100%	4h	0.4843	+0.001%	$2.6M	$6.4M	50x	as long as short
Bybit MASKUSDTshort	+0.0100%	4h	0.4845	+0.041%	$1.3M	$1.1M	50x
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4841	−0.041%	$501K	$1.6M	20x	as long as short
Gate MASK_USDTlong	+0.0100%	8h	0.4843	long leg	$278K	$300K	50x
MEXC MASK_USDT	+0.0100%	8h	0.4845	+0.041%	$1.1M	$327K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4854	+0.227%	$600K	$174K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4848	+0.103%	$509K	$500K	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4844	+0.021%	—	$2.3M	—	as long as short
BloFin MASK-USDT	+0.0134%	4h	0.4846	+0.062%	$128K	$15K	50x	as long as short