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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance+0.022%7-day average −0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$880.882% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.022%, 7d avg −0.111%

Together, before fees−0.012%−$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: Bitget is 0.134% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MASKUSDT	0.4820	0.0100	pay 0.0050% / 4h	2h 15m	$2.5M	$4.4M	50x
Short	Bitget MASKUSDT	0.4821	0.0100	get 0.0050% / 4h	2h 15m	$523K	$355K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.111%: $13.38
Slippage, 4 orders: −$66.25
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$74.87
Costs to cover: 0.882%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Bitget: live order book, 10 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 Binance live order book, 6 min ago	3.12 bp	19.7 bp −$20	98.5 bp −$985	doesn't fit	doesn't fit
Sell Bitget live order book, 10 min ago	8.35 bp	22.3 bp −$22	145.1 bp −$1,451	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	+0.0083%	4h	0.4819	−0.019%	$125K	$15K	50x	as long as short
Binance MASKUSDTlong	+0.0100%	4h	0.4820	long leg	$2.5M	$4.4M	50x
Bybit MASKUSDT	+0.0100%	4h	0.4819	−0.019%	$1.3M	$834K	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4819	−0.019%	$510K	$914K	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4820	+0.002%	$276K	$220K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4819	−0.019%	$1.0M	$242K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4827	+0.147%	$593K	$160K	50x	as long as short
Bitget MASKUSDTshort	+0.0100%	4h	0.4821	+0.022%	$523K	$355K	50x
BingX MASK-USDT	+0.0100%	4h	0.4820	+0.002%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4817	−0.067%	$23K	$31	—	as long as short