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 +0.005%

Price spread now: BingX against MEXC+0.021%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.021%, 7d avg +0.097%

Together, before fees+0.044%+$4 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 0.077% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MASK_USDT	0.4810	0.0100	pay 0.0100% / 8h	6h 50m	$1.0M	$230K	50x
Short	BingX MASK-USDT	0.4811	0.0100	get 0.0050% / 4h	2h 50m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.097%: −$7.66
Slippage, 4 orders: −$34.06
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$55.72
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; BingX: live order book, 12 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 MEXC live order book, 1 min ago	2.08 bp	4.5 bp −$5	33.7 bp −$337	776.0 bp −$77.6K	doesn't fit
Sell BingX live order book, 12 min ago	6.22 bp	20.0 bp −$20	37.5 bp −$375	384.8 bp −$38.5K	485.9 bp −$243.0K

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	0.4811	+0.017%	$2.5M	$5.5M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4803	−0.146%	$1.3M	$1.0M	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4810	0.000%	$501K	$1.4M	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4801	−0.187%	$279K	$236K	50x	as long as short
MEXC MASK_USDTlong	+0.0100%	8h	0.4810	long leg	$1.0M	$230K	50x
KuCoin MASKUSDTM	+0.0100%	4h	0.4812	+0.042%	$593K	$172K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4811	+0.021%	$510K	$369K	50x	as long as short
BingX MASK-USDTshort	+0.0100%	4h	0.4811	+0.021%	—	$2.3M	—
Variational Omni MASK	+0.0100%	4h	0.4797	−0.275%	$22K	$21	—	as long as short
BloFin MASK-USDT	+0.0136%	4h	0.4809	−0.021%	$128K	$15K	50x	as long as short