Funding arb · Price arb /

MASK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against KuCoin−0.206%7-day average +0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$860as in the Funding arb table

Net, price: spread back to 7d avg − costs−$888as in the Price arb table

costs, in and out, $10k−$8608.597% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.206%, 7d avg +0.077%

Together, before fees+0.180%+$18 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: Gate is 0.283% cheaper against KuCoin than usual: you would sell low and buy high, −$28 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	KuCoin MASKUSDTM	0.4852	0.0100	pay 0.0050% / 4h	1h 21m	$596K	$160K	50x
Short	Gate MASK_USDT	0.4842	0.0100	get 0.0100% / 8h	1h 21m	$277K	$186K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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 KuCoinbpFee GatebpOrdersPrice spread, now −0.206%Rate

Funding earned: $0
Price spread: −0.206% → +0.077%: −$28.27
Slippage, 4 orders: −$832.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$887.98
Costs to cover: 8.597%
Break-even: never at this rate

Slippage from KuCoin: live order book, 23 min ago; Gate: live order book, 18 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 KuCoin live order book, 23 min ago	10.36 bp	265.3 bp −$265	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 18 min ago	9.34 bp	126.7 bp −$127	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	+0.0100%	4h	0.4848	−0.082%	$125K	$15K	50x	as long as short
Binance MASKUSDT	+0.0100%	4h	0.4852	−0.004%	$2.5M	$4.2M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4847	−0.103%	$1.3M	$793K	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4846	−0.124%	$513K	$890K	20x	as long as short
Gate MASK_USDTshort	+0.0100%	8h	0.4842	−0.206%	$277K	$186K	50x
MEXC MASK_USDT	+0.0100%	8h	0.4852	0.000%	$1.0M	$244K	50x	as long as short
KuCoin MASKUSDTMlong	+0.0100%	4h	0.4852	long leg	$596K	$160K	50x
Bitget MASKUSDT	+0.0100%	4h	0.4852	0.000%	$524K	$345K	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4847	−0.103%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4847	−0.100%	$23K	$31	—	as long as short