Funding arb · Price arb /

MASK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against KuCoin−0.041%7-day average +0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$765as in the Funding arb table

Net, price: spread back to 7d avg − costs−$777as in the Price arb table

costs, in and out, $10k−$7657.654% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.041%, 7d avg +0.079%

Together, before fees+0.020%+$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: Gate is 0.120% cheaper against KuCoin than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.079%.

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 19m	$593K	$160K	50x
Short	Gate MASK_USDT	0.4827	0.0100	get 0.0100% / 8h	2h 19m	$276K	$220K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → +0.079%: −$12
Slippage, 4 orders: −$738.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$777.36
Costs to cover: 7.654%
Break-even: never at this rate

Slippage from KuCoin: live order book, 40 min ago; Gate: live order book, 26 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, 40 min ago	14.57 bp	230.8 bp −$231	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 26 min ago	10.40 bp	109.3 bp −$109	doesn't fit	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
Binance MASKUSDT	+0.0100%	4h	0.4826	−0.062%	$2.5M	$4.4M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4823	−0.124%	$1.3M	$837K	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4820	−0.186%	$511K	$913K	20x	as long as short
Gate MASK_USDTshort	+0.0100%	8h	0.4827	−0.041%	$276K	$220K	50x
MEXC MASK_USDT	+0.0100%	8h	0.4821	−0.166%	$1.0M	$239K	50x	as long as short
KuCoin MASKUSDTMlong	+0.0100%	4h	0.4829	long leg	$593K	$160K	50x
Bitget MASKUSDT	+0.0100%	4h	0.4825	−0.083%	$523K	$355K	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4824	−0.104%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4806	−0.483%	$22K	$31	—	as long as short
BloFin MASK-USDT	+0.0156%	4h	0.4819	−0.207%	$125K	$15K	50x	as long as short