Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Bybit against BingX+0.061%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1371.366% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days+0.019%+$2 · spread now +0.061%, 7d avg +0.022%

Together, before fees−0.062%−$6 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: Bybit is 0.039% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MASK-USDT	0.4908	0.0100	pay 0.0050% / 4h	3h 02m	—	$2.3M	—
Short	Bybit MASKUSDT	0.4911	0.0100	get 0.0050% / 4h	3h 02m	$1.3M	$724K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → +0.022%: $3.93
Slippage, 4 orders: −$115.62
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$132.69
Costs to cover: 1.366%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 3 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 BingX live order book, 6 min ago	6.13 bp	22.1 bp −$22	47.5 bp −$475	443.3 bp −$44.3K	530.5 bp −$265.2K
Sell Bybit live order book, 3 min ago	5.10 bp	42.3 bp −$42	696.0 bp −$6,960	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	0.4907	−0.020%	$2.6M	$3.8M	50x	as long as short
Bybit MASKUSDTshort	+0.0100%	4h	0.4911	+0.061%	$1.3M	$724K	50x
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4906	−0.041%	$522K	$807K	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4906	−0.041%	$282K	$120K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4908	0.000%	$1.0M	$219K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4913	+0.102%	$600K	$152K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4910	+0.041%	$529K	$327K	50x	as long as short
BingX MASK-USDTlong	+0.0100%	4h	0.4908	long leg	—	$2.3M	—
Variational Omni MASK	+0.0100%	4h	0.4898	−0.210%	$23K	$31	—	as long as short
BloFin MASK-USDT	+0.0102%	4h	0.4897	−0.224%	$125K	$15K	50x	as long as short