Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.145%7-day average −0.147% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1341.339% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.264%−$26 · spread now +0.145%, 7d avg −0.147%

Together, before fees−0.198%−$20 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: Bitget is 0.292% dearer against Bybit than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.147%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MASKUSDT	0.4824	0.0100	pay 0.0050% / 4h	2h 12m	$1.2M	$1.8M	50x
Short	Bitget MASKUSDT	0.4831	0.0100	get 0.0050% / 4h	2h 12m	$505K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.145%Rate

Funding earned: $0
Price spread: +0.145% → −0.147%: $29.18
Slippage, 4 orders: −$110.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$104.71
Costs to cover: 1.339%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	3.10 bp	41.0 bp −$41	151.7 bp −$1,517	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	8.27 bp	25.6 bp −$26	103.3 bp −$1,033	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
BloFin MASK-USDT	+0.0089%	4h	0.4833	+0.187%	$128K	$20K	50x	as long as short
Binance MASKUSDT	+0.0100%	4h	0.4826	+0.047%	$2.5M	$9.7M	50x	as long as short
Bybit MASKUSDTlong	+0.0100%	4h	0.4824	long leg	$1.2M	$1.8M	50x
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4825	+0.021%	$499K	$3.0M	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4826	+0.041%	$271K	$657K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4825	+0.021%	$1.0M	$326K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4834	+0.207%	$597K	$227K	50x	as long as short
Bitget MASKUSDTshort	+0.0100%	4h	0.4831	+0.145%	$505K	$1.2M	50x
BingX MASK-USDT	+0.0100%	4h	0.4825	+0.021%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4833	+0.192%	$23K	$1	—	as long as short