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% APRpaid last 24h 0.000%

Price spread now: BingX against Gate−0.041%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$394as in the Funding arb table

Net, price: spread back to 7d avg − costs−$399as in the Price arb table

costs, in and out, $10k−$3933.931% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.041%, 7d avg +0.017%

Together, before fees+0.029%+$3 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 0.058% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MASK_USDT	0.4827	0.0100	pay 0.0100% / 8h	2h 09m	$271K	$657K	50x
Short	BingX MASK-USDT	0.4825	0.0100	get 0.0050% / 4h	2h 09m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → +0.017%: −$5.8
Slippage, 4 orders: −$368.07
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$398.87
Costs to cover: 3.931%
Break-even: never at this rate

Slippage from Gate: live order book, 11 min ago; BingX: live order book, 8 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 Gate live order book, 11 min ago	8.28 bp	222.0 bp −$222	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	8.28 bp	23.3 bp −$23	48.2 bp −$482	390.7 bp −$39.1K	497.9 bp −$249.0K

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	0.4830	+0.053%	$2.5M	$9.7M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4826	−0.021%	$1.2M	$1.8M	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4824	−0.062%	$499K	$3.0M	20x	as long as short
Gate MASK_USDTlong	+0.0100%	8h	0.4827	long leg	$271K	$657K	50x
MEXC MASK_USDT	+0.0100%	8h	0.4823	−0.083%	$1.0M	$326K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4840	+0.269%	$598K	$227K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4830	+0.062%	$505K	$1.2M	50x	as long as short
BingX MASK-USDTshort	+0.0100%	4h	0.4825	−0.041%	—	$2.3M	—
Variational Omni MASK	+0.0100%	4h	0.4820	−0.136%	$23K	$1	—	as long as short
BloFin MASK-USDT	+0.0132%	4h	0.4827	0.000%	$128K	$20K	50x	as long as short