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 0.000%

Price spread now: Binance against Bitget+0.079%7-day average +0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$870.869% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.079%, 7d avg +0.107%

Together, before fees+0.012%+$1 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: Binance is 0.028% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MASKUSDT	0.4874	0.0100	pay 0.0050% / 4h	3h 49m	$525K	$337K	50x
Short	Binance MASKUSDT	0.4878	0.0100	get 0.0050% / 4h	3h 49m	$2.5M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → +0.107%: −$2.75
Slippage, 4 orders: −$64.94
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$89.69
Costs to cover: 0.869%
Break-even: never at this rate

Slippage from Bitget: live order book, 27 min ago; Binance: live order book, 2 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 Bitget live order book, 27 min ago	6.14 bp	28.7 bp −$29	174.6 bp −$1,746	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.02 bp	19.2 bp −$19	83.1 bp −$831	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 MASKUSDTshort	+0.0100%	4h	0.4878	+0.079%	$2.5M	$4.0M	50x
Bybit MASKUSDT	+0.0100%	4h	0.4876	+0.041%	$1.3M	$755K	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4877	+0.062%	$522K	$857K	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4871	−0.062%	$279K	$117K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4871	−0.062%	$1.0M	$212K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4874	0.000%	$598K	$154K	50x	as long as short
Bitget MASKUSDTlong	+0.0100%	4h	0.4874	long leg	$525K	$337K	50x
BingX MASK-USDT	+0.0100%	4h	0.4874	0.000%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4874	−0.006%	$23K	$31	—	as long as short
BloFin MASK-USDT	+0.0104%	4h	0.4877	+0.062%	$126K	$15K	50x	as long as short