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: Binance against Bybit+0.003%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1181.181% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days−0.103%−$10 · spread now +0.003%, 7d avg −0.033%

Together, before fees−0.061%−$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: Binance is 0.036% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MASKUSDT	0.4847	0.0100	pay 0.0050% / 4h	1h 53m	$1.3M	$697K	50x
Short	Binance MASKUSDT	0.4847	0.0100	get 0.0050% / 4h	1h 53m	$2.5M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → −0.033%: $3.61
Slippage, 4 orders: −$97.07
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$114.46
Costs to cover: 1.181%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 6 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 Bybit live order book, 1 min ago	5.16 bp	38.5 bp −$39	92.6 bp −$926	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	2.06 bp	20.7 bp −$21	94.0 bp −$940	doesn't fit	doesn't fit

MASK on 10 exchanges

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	+0.0071%	4h	0.4843	−0.083%	$124K	$14K	50x	as long as short
Binance MASKUSDTshort	+0.0100%	4h	0.4847	+0.003%	$2.5M	$3.6M	50x
Bybit MASKUSDTlong	+0.0100%	4h	0.4847	long leg	$1.3M	$697K	50x
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4842	−0.103%	$516K	$731K	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4855	+0.165%	$279K	$101K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4844	−0.062%	$1.0M	$198K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4857	+0.206%	$633K	$160K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4852	+0.103%	$526K	$317K	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4844	−0.062%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4848	+0.026%	$23K	$31	—	as long as short