Funding arb · Price arb /

MASK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Bybit against OKX0.000%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1211.206% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days+0.025%+$2 · spread now 0.000%, 7d avg +0.075%

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 0.075% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MASK-USDT-SWAP	0.4806	0.0100	pay 0.0100% / 8h	5h 06m	$498K	$1.1M	20x
Short	Bybit MASKUSDT	0.4806	0.0100	get 0.0050% / 4h	1h 06m	$1.3M	$909K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.075%: −$7.52
Slippage, 4 orders: −$99.61
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$128.12
Costs to cover: 1.206%
Break-even: never at this rate

Slippage from OKX: live order book, 5 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 OKX live order book, 5 min ago	2.07 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.14 bp	40.3 bp −$40	127.6 bp −$1,276	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	+0.0053%	4h	0.4814	+0.166%	$128K	$15K	50x	as long as short
Binance MASKUSDT	+0.0100%	4h	0.4809	+0.062%	$2.5M	$4.8M	50x	as long as short
Bybit MASKUSDTshort	+0.0100%	4h	0.4806	0.000%	$1.3M	$909K	50x
OKX MASK-USDT-SWAPlong	+0.0100%	8h	0.4806	long leg	$498K	$1.1M	20x
Gate MASK_USDT	+0.0100%	8h	0.4813	+0.146%	$277K	$237K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4808	+0.042%	$1.1M	$236K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4817	+0.229%	$594K	$167K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4810	+0.083%	$519K	$331K	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4811	+0.104%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4821	+0.313%	$23K	$21	—	as long as short