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: KuCoin against Bybit+0.166%7-day average −0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$571as in the Funding arb table

Net, price: spread back to 7d avg − costs−$555as in the Price arb table

costs, in and out, $10k−$5795.792% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)−0.177%−$18 · spread now +0.166%, 7d avg −0.077%

Together, before fees−0.096%−$10 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: KuCoin is 0.243% dearer against Bybit than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MASKUSDT	0.4825	0.0100	pay 0.0050% / 4h	2h 10m	$1.3M	$837K	50x
Short	KuCoin MASKUSDTM	0.4833	0.0100	get 0.0050% / 4h	2h 10m	$593K	$160K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.166%Rate

Funding earned: $0
Price spread: +0.166% → −0.077%: $24.32
Slippage, 4 orders: −$556.21
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$554.89
Costs to cover: 5.792%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 48 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, 5 min ago	5.19 bp	34.8 bp −$35	71.7 bp −$717	doesn't fit	doesn't fit
Sell KuCoin live order book, 48 min ago	14.57 bp	269.9 bp −$270	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
BloFin MASK-USDT	+0.0048%	4h	0.4824	−0.021%	$125K	$15K	50x	as long as short
Binance MASKUSDT	+0.0100%	4h	0.4827	+0.047%	$2.5M	$4.4M	50x	as long as short
Bybit MASKUSDTlong	+0.0100%	4h	0.4825	long leg	$1.3M	$837K	50x
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4819	−0.124%	$510K	$918K	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4826	+0.021%	$276K	$220K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4826	+0.021%	$1.0M	$242K	50x	as long as short
KuCoin MASKUSDTMshort	+0.0100%	4h	0.4833	+0.166%	$593K	$160K	50x
Bitget MASKUSDT	+0.0100%	4h	0.4828	+0.062%	$520K	$354K	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4826	+0.021%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4825	+0.003%	$23K	$31	—	as long as short