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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin−0.021%7-day average +0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$521as in the Funding arb table

Net, price: spread back to 7d avg − costs−$532as in the Price arb table

costs, in and out, $10k−$5215.211% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now −0.021%, 7d avg +0.093%

Together, before fees−0.018%−$2 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: BingX is 0.114% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MASKUSDTM	0.4829	0.0100	pay 0.0050% / 4h	2h 23m	$595K	$171K	50x
Short	BingX MASK-USDT	0.4828	0.0100	get 0.0050% / 4h	2h 23m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → +0.093%: −$11.4
Slippage, 4 orders: −$499.05
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$532.45
Costs to cover: 5.211%
Break-even: never at this rate

Slippage from KuCoin: live order book, 15 min ago; BingX: live order book, 5 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 KuCoin live order book, 15 min ago	9.37 bp	179.2 bp −$179	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	6.21 bp	25.2 bp −$25	75.0 bp −$750	475.4 bp −$47.5K	556.3 bp −$278.2K

MASK on 9 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
Binance MASKUSDT	+0.0100%	4h	0.4827	−0.037%	$2.5M	$5.3M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4822	−0.145%	$1.3M	$1.0M	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4823	−0.124%	$502K	$1.3M	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4828	−0.021%	$280K	$237K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4829	0.000%	$1.1M	$235K	50x	as long as short
KuCoin MASKUSDTMlong	+0.0100%	4h	0.4829	long leg	$595K	$171K	50x
Bitget MASKUSDT	+0.0100%	4h	0.4829	0.000%	$511K	$354K	50x	as long as short
BingX MASK-USDTshort	+0.0100%	4h	0.4828	−0.021%	—	$2.3M	—
Variational Omni MASK	+0.0100%	4h	0.4824	−0.110%	$23K	$21	—	as long as short