Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h 0.000%

Price spread now: BloFin against MEXC+0.020%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$400.405% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.020%, 7d avg +0.092%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.072% cheaper against MEXC than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.092%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MASK_USDT	0.4890	0.0100	pay 0.0100% / 8h	7h 20m	$1.0M	$215K	50x
Short	BloFin MASK-USDT	0.4891	0.0059	get 0.0029% / 4h	3h 20m	$127K	$15K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$8.62
Price spread: +0.020% → +0.092%: −$7.16
Slippage, 4 orders: −$24.47
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$56.26
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from MEXC: live order book, 8 min ago; BloFin: live order book, 35 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, 8 min ago	3.09 bp	6.0 bp −$6	47.0 bp −$470	808.2 bp −$80.8K	doesn't fit
Sell BloFin live order book, 35 min ago	3.08 bp	13.6 bp −$14	38.2 bp −$382	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-USDTshort	+0.0059%	4h	0.4891	+0.020%	$127K	$15K	50x
Binance MASKUSDT	+0.0100%	4h	0.4888	−0.047%	$2.5M	$3.9M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4887	−0.061%	$1.3M	$751K	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4884	−0.123%	$521K	$841K	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4887	−0.061%	$280K	$120K	50x	as long as short
MEXC MASK_USDTlong	+0.0100%	8h	0.4890	long leg	$1.0M	$215K	50x
KuCoin MASKUSDTM	+0.0100%	4h	0.4895	+0.102%	$598K	$153K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4892	+0.041%	$527K	$329K	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4887	−0.061%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4888	−0.045%	$23K	$31	—	as long as short