Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%

Price spread now: Bybit against Gate−0.062%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$420as in the Funding arb table

Net, price: spread back to 7d avg − costs−$419as in the Price arb table

costs, in and out, $10k−$4124.118% of the position

Long on Gate Short on Bybit

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)+0.088%+$9 · spread now −0.062%, 7d avg +0.008%

Together, before fees+0.007%+$1 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: Bybit is 0.070% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MASK_USDT	0.4852	0.0100	pay 0.0100% / 8h	7h 06m	$279K	$301K	50x
Short	Bybit MASKUSDT	0.4849	0.0100	get 0.0050% / 4h	3h 06m	$1.3M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → +0.008%: −$6.98
Slippage, 4 orders: −$385.75
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$418.73
Costs to cover: 4.118%
Break-even: never at this rate

Slippage from Gate: live order book, 65 min ago; Bybit: 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 Gate live order book, 65 min ago	9.31 bp	226.4 bp −$226	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.09 bp	39.8 bp −$40	98.3 bp −$983	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	+0.0084%	4h	0.4848	−0.082%	$128K	$15K	50x	as long as short
Binance MASKUSDT	+0.0100%	4h	0.4850	−0.041%	$2.6M	$5.5M	50x	as long as short
Bybit MASKUSDTshort	+0.0100%	4h	0.4849	−0.062%	$1.3M	$1.0M	50x
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4849	−0.062%	$506K	$1.4M	20x	as long as short
Gate MASK_USDTlong	+0.0100%	8h	0.4852	long leg	$279K	$301K	50x
MEXC MASK_USDT	+0.0100%	8h	0.4851	−0.021%	$1.1M	$329K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4853	+0.021%	$598K	$173K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4857	+0.103%	$519K	$362K	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4851	−0.021%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4846	−0.130%	$23K	$21	—	as long as short