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% APRpaid last 24h +0.005%

Price spread now: KuCoin against MEXC+0.209%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$506as in the Funding arb table

Net, price: spread back to 7d avg − costs−$492as in the Price arb table

costs, in and out, $10k−$5125.123% of the position

Long on MEXC Short on KuCoin

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)−0.155%−$16 · spread now +0.209%, 7d avg +0.007%

Together, before fees−0.091%−$9 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: KuCoin is 0.202% dearer against MEXC than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MASK_USDT	0.4786	0.0100	pay 0.0100% / 8h	2h 31m	$1.0M	$239K	50x
Short	KuCoin MASKUSDTM	0.4796	0.0100	get 0.0050% / 4h	2h 31m	$589K	$160K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.209%Rate

Funding earned: $0
Price spread: +0.209% → +0.007%: $20.2
Slippage, 4 orders: −$496.28
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$492.08
Costs to cover: 5.123%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 27 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, 4 min ago	3.12 bp	5.3 bp −$5	37.6 bp −$376	825.2 bp −$82.5K	doesn't fit
Sell KuCoin live order book, 27 min ago	14.57 bp	269.9 bp −$270	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
BloFin MASK-USDT	+0.0041%	4h	0.4799	+0.272%	$126K	$15K	50x	as long as short
Binance MASKUSDT	+0.0100%	4h	0.4788	+0.051%	$2.5M	$4.4M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4788	+0.042%	$1.3M	$846K	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4783	−0.063%	$505K	$908K	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4796	+0.209%	$277K	$219K	50x	as long as short
MEXC MASK_USDTlong	+0.0100%	8h	0.4786	long leg	$1.0M	$239K	50x
KuCoin MASKUSDTMshort	+0.0100%	4h	0.4796	+0.209%	$589K	$160K	50x
Bitget MASKUSDT	+0.0100%	4h	0.4790	+0.084%	$519K	$355K	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4789	+0.063%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4798	+0.256%	$22K	$31	—	as long as short