Funding arb · Price arb /

MASK

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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: BingX against Bitget−0.041%7-day average +0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$960.961% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.041%, 7d avg +0.128%

Together, before fees+0.045%+$4 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: BingX is 0.170% cheaper against Bitget than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MASKUSDT	0.4820	0.0100	pay 0.0050% / 4h	1h 34m	$520K	$345K	50x
Short	BingX MASK-USDT	0.4818	0.0100	get 0.0050% / 4h	1h 34m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → +0.128%: −$16.96
Slippage, 4 orders: −$74.09
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$113.05
Costs to cover: 0.961%
Break-even: never at this rate

Slippage from Bitget: live order book, 52 min ago; BingX: 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 Bitget live order book, 52 min ago	8.35 bp	28.3 bp −$28	191.4 bp −$1,914	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	6.23 bp	21.2 bp −$21	52.4 bp −$524	418.3 bp −$41.8K	498.0 bp −$249.0K

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
Binance MASKUSDT	+0.0100%	4h	0.4820	−0.002%	$2.5M	$4.2M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4817	−0.062%	$1.3M	$803K	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4820	0.000%	$511K	$881K	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4817	−0.062%	$275K	$186K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4819	−0.021%	$1.0M	$243K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4826	+0.124%	$593K	$160K	50x	as long as short
Bitget MASKUSDTlong	+0.0100%	4h	0.4820	long leg	$520K	$345K	50x
BingX MASK-USDTshort	+0.0100%	4h	0.4818	−0.041%	—	$2.3M	—
Variational Omni MASK	+0.0100%	4h	0.4813	−0.142%	$23K	$31	—	as long as short
BloFin MASK-USDT	+0.0137%	4h	0.4821	+0.021%	$125K	$15K	50x	as long as short