Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Gate against OKX+0.104%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$316as in the Funding arb table

Net, price: spread back to 7d avg − costs−$319as in the Price arb table

costs, in and out, $10k−$3223.225% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 3 days (all we have)−0.097%−$10 · spread now +0.104%, 7d avg +0.070%

Together, before fees−0.032%−$3 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 0.034% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MASK-USDT-SWAP	0.4796	0.0100	pay 0.0100% / 8h	4h 32m	$491K	$3.0M	20x
Short	Gate MASK_USDT	0.4801	0.0100	get 0.0100% / 8h	4h 32m	$270K	$655K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → +0.070%: $3.41
Slippage, 4 orders: −$297.48
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$319.07
Costs to cover: 3.225%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Gate: live order book, 6 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, 2 min ago	3.13 bp	22.0 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	4.16 bp	98.4 bp −$98	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	+0.0049%	4h	0.4798	+0.042%	$131K	$20K	50x	as long as short
Binance MASKUSDT	+0.0100%	4h	0.4802	+0.134%	$2.5M	$9.6M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4799	+0.063%	$1.2M	$1.8M	50x	as long as short
OKX MASK-USDT-SWAPlong	+0.0100%	8h	0.4796	long leg	$491K	$3.0M	20x
Gate MASK_USDTshort	+0.0100%	8h	0.4801	+0.104%	$270K	$655K	50x
MEXC MASK_USDT	+0.0100%	8h	0.4795	−0.021%	$1.0M	$297K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4810	+0.292%	$537K	$198K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4801	+0.104%	$487K	$1.2M	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4799	+0.063%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4793	−0.062%	$22K	—	—	as long as short