Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Gate against MEXC+0.124%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$257as in the Funding arb table

Net, price: spread back to 7d avg − costs−$259as in the Price arb table

costs, in and out, $10k−$2632.630% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.124%, 7d avg +0.084%

Together, before fees−0.050%−$5 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 0.040% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MASK_USDT	0.4823	0.0100	pay 0.0100% / 8h	4h 03m	$1.0M	$234K	50x
Short	Gate MASK_USDT	0.4829	0.0100	get 0.0100% / 8h	4h 03m	$277K	$235K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.124%Rate

Funding earned: $0
Price spread: +0.124% → +0.084%: $4.01
Slippage, 4 orders: −$244.04
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$259.03
Costs to cover: 2.630%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 52 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, 3 min ago	4.16 bp	6.2 bp −$6	29.1 bp −$291	764.0 bp −$76.4K	doesn't fit
Sell Gate live order book, 52 min ago	9.35 bp	128.8 bp −$129	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	0.4829	+0.122%	$2.5M	$4.7M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4824	+0.021%	$1.3M	$930K	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4826	+0.062%	$509K	$1.0M	20x	as long as short
Gate MASK_USDTshort	+0.0100%	8h	0.4829	+0.124%	$277K	$235K	50x
MEXC MASK_USDTlong	+0.0100%	8h	0.4823	long leg	$1.0M	$234K	50x
KuCoin MASKUSDTM	+0.0100%	4h	0.4834	+0.228%	$595K	$165K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4831	+0.166%	$517K	$330K	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4827	+0.083%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4817	−0.132%	$23K	$31	—	as long as short
BloFin MASK-USDT	+0.0144%	4h	0.4824	+0.021%	$127K	$15K	50x	as long as short