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% APRpaid last 24h +0.005%

Price spread now: Bitget against MEXC+0.083%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$620.621% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.141%−$14 · spread now +0.083%, 7d avg −0.042%

Together, before fees−0.077%−$8 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 0.125% dearer against MEXC than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MASK_USDT	0.4818	0.0100	pay 0.0100% / 8h	3h 22m	$1.0M	$237K	50x
Short	Bitget MASKUSDT	0.4822	0.0100	get 0.0050% / 4h	3h 22m	$515K	$350K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → −0.042%: $12.47
Slippage, 4 orders: −$46.09
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$49.62
Costs to cover: 0.621%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bitget: live order book, 9 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 MEXC live order book, 4 min ago	3.11 bp	5.3 bp −$5	45.9 bp −$459	807.6 bp −$80.8K	doesn't fit
Sell Bitget live order book, 9 min ago	4.13 bp	29.1 bp −$29	103.5 bp −$1,035	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	+0.0060%	4h	0.4825	+0.145%	$126K	$15K	50x	as long as short
Binance MASKUSDT	+0.0100%	4h	0.4821	+0.062%	$2.5M	$4.5M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4821	+0.062%	$1.3M	$880K	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4821	+0.062%	$509K	$949K	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4823	+0.104%	$277K	$223K	50x	as long as short
MEXC MASK_USDTlong	+0.0100%	8h	0.4818	long leg	$1.0M	$237K	50x
KuCoin MASKUSDTM	+0.0100%	4h	0.4834	+0.332%	$596K	$160K	50x	as long as short
Bitget MASKUSDTshort	+0.0100%	4h	0.4822	+0.083%	$515K	$350K	50x
BingX MASK-USDT	+0.0100%	4h	0.4821	+0.062%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4826	+0.168%	$23K	$31	—	as long as short