Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: BingX against Bybit+0.021%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1261.262% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 7 days−0.081%−$8 · spread now +0.021%, 7d avg −0.022%

Together, before fees−0.002%$0 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: BingX is 0.042% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MASKUSDT	0.4876	0.0100	pay 0.0050% / 4h	18m 06s	$1.3M	$769K	50x
Short	BingX MASK-USDT	0.4877	0.0100	get 0.0050% / 4h	18m 06s	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → −0.022%: $4.23
Slippage, 4 orders: −$105.17
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$121.94
Costs to cover: 1.262%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: 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 Bybit live order book, 3 min ago	4.11 bp	39.4 bp −$39	92.1 bp −$921	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	7.19 bp	21.9 bp −$22	52.1 bp −$521	437.8 bp −$43.8K	544.5 bp −$272.2K

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
BloFin MASK-USDT	+0.0088%	4h	0.4877	+0.021%	$126K	$15K	50x	as long as short
Binance MASKUSDT	+0.0100%	4h	0.4880	+0.090%	$2.6M	$4.1M	50x	as long as short
Bybit MASKUSDTlong	+0.0100%	4h	0.4876	long leg	$1.3M	$769K	50x
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4874	−0.041%	$521K	$868K	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4870	−0.123%	$279K	$129K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4878	+0.041%	$999K	$234K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4881	+0.103%	$599K	$158K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4880	+0.082%	$524K	$333K	50x	as long as short
BingX MASK-USDTshort	+0.0100%	4h	0.4877	+0.021%	—	$2.3M	—
Variational Omni MASK	+0.0100%	4h	0.4867	−0.192%	$23K	$31	—	as long as short