Funding you earn now, next payment 04:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.010%
Price spread now: Bybit against BloFin−0.582%522s7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1041.042% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 3 days (all we have)+0.657%+$66 · spread now −0.582%, 7d avg −0.005%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.577% cheaper against BloFin than usual: you would sell low and buy high (−$58 if the spread goes back to its 7-day average of −0.005%). Swap the legs. The two prices were read 522 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MASK-USDT | 0.4812 | 0.0137 | pay 0.0069% / 4h | 2h 40m | $128K | $15K | 50x |
| Short | Bybit MASKUSDT | 0.4784 | 0.0100 | get 0.0050% / 4h | 2h 40m | $1.3M | $1.0M | 50x |
BloFin MASK-USDT
Bybit MASKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$7.8
- Price spread: −0.582% → −0.005%
- −$57.68
- Slippage, 4 orders
- −$81.19
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$169.67
- Costs to cover
- 1.042%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 10 min ago; Bybit: live order book, 5 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 BloFin live order book, 10 min ago | 3.12 bp | 13.3 bp −$13 | 48.0 bp −$480 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.17 bp | 37.4 bp −$37 | 82.4 bp −$824 | 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 | 0.4789 | −0.468% | $2.5M | $5.4M | 50x | as long as short |
| Bybit MASKUSDTshort | +0.0100% | 4h | 0.4784 | −0.582% | $1.3M | $1.0M | 50x | |
| OKX MASK-USDT-SWAP | +0.0100% | 8h | 0.4780 | −0.665% | $499K | $1.3M | 20x | as long as short |
| Gate MASK_USDT | +0.0100% | 8h | 0.4794 | −0.374% | $278K | $237K | 50x | as long as short |
| MEXC MASK_USDT | +0.0100% | 8h | 0.4792 | −0.416% | $1.0M | $231K | 50x | as long as short |
| KuCoin MASKUSDTM | +0.0100% | 4h | 0.4796 | −0.333% | $591K | $171K | 50x | as long as short |
| Bitget MASKUSDT | +0.0100% | 4h | 0.4795 | −0.353% | $508K | $359K | 50x | as long as short |
| BingX MASK-USDT | +0.0100% | 4h | 0.4797 | −0.312% | — | $2.3M | — | as long as short |
| Variational Omni MASK | +0.0100% | 4h | 0.4796 | −0.338% | $23K | $21 | — | as long as short |
| BloFin MASK-USDTlong | +0.0137% | 4h | 0.4812 | long leg | $128K | $15K | 50x |
Binance MASKUSDT
OKX MASK-USDT-SWAP
Gate MASK_USDT
MEXC MASK_USDT
KuCoin MASKUSDTM
Bitget MASKUSDT
BingX MASK-USDT
Variational Omni MASK