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% APRpaid last 24h 0.000%

Price spread now: OKX against Bitget0.000%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$950.954% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 4 days (all we have)+0.195%+$19 · spread now 0.000%, 7d avg +0.050%

Together, before fees+0.131%+$13 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: OKX is 0.050% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MASKUSDT	0.4849	0.0100	pay 0.0050% / 4h	3h 29m	$523K	$333K	50x
Short	OKX MASK-USDT-SWAP	0.4849	0.0100	get 0.0100% / 8h	7h 29m	$520K	$833K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.050%: −$5.02
Slippage, 4 orders: −$73.44
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$100.46
Costs to cover: 0.954%
Break-even: never at this rate

Slippage from Bitget: live order book, 47 min ago; OKX: live order book, 62 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, 47 min ago	6.14 bp	28.7 bp −$29	174.6 bp −$1,746	doesn't fit	doesn't fit
Sell OKX live order book, 62 min ago	5.15 bp	21.9 bp −$22	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	0.4852	+0.062%	$2.5M	$3.9M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4848	−0.021%	$1.3M	$754K	50x	as long as short
OKX MASK-USDT-SWAPshort	+0.0100%	8h	0.4849	0.000%	$520K	$833K	20x
Gate MASK_USDT	+0.0100%	8h	0.4848	−0.021%	$278K	$120K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4849	0.000%	$1.0M	$214K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4861	+0.247%	$594K	$153K	50x	as long as short
Bitget MASKUSDTlong	+0.0100%	4h	0.4849	long leg	$523K	$333K	50x
BingX MASK-USDT	+0.0100%	4h	0.4851	+0.041%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4852	+0.066%	$23K	$31	—	as long as short
BloFin MASK-USDT	+0.0120%	4h	0.4853	+0.082%	$125K	$15K	50x	as long as short