Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h −0.002%

Price spread now: MEXC against BloFin0.000%7-day average −0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$520.524% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 3 days (all we have)+0.107%+$11 · spread now 0.000%, 7d avg −0.105%

Together, before fees+0.088%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and MEXC is 0.105% dearer against BloFin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MASK-USDT	0.4845	0.0085	pay 0.0043% / 4h	3h 31m	$128K	$20K	50x
Short	MEXC MASK_USDT	0.4845	0.0100	get 0.0100% / 8h	3h 31m	$1.0M	$296K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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 BloFinbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $3.06
Price spread: 0.000% → −0.105%: $10.52
Slippage, 4 orders: −$36.4
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$38.82
Costs to cover: 0.524%
Break-even: 95.7 days

Slippage from BloFin: live order book, 10 min ago; MEXC: live order book, just now.

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 BloFin live order book, 10 min ago	4.14 bp	18.1 bp −$18	58.0 bp −$580	doesn't fit	doesn't fit
Sell MEXC live order book, just now	4.13 bp	6.1 bp −$6	34.7 bp −$347	786.4 bp −$78.6K	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-USDTlong	+0.0085%	4h	0.4845	long leg	$128K	$20K	50x
Binance MASKUSDT	+0.0100%	4h	0.4844	−0.022%	$2.5M	$9.6M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4841	−0.083%	$1.2M	$1.8M	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4839	−0.124%	$496K	$3.0M	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4844	−0.021%	$273K	$656K	50x	as long as short
MEXC MASK_USDTshort	+0.0100%	8h	0.4845	0.000%	$1.0M	$296K	50x
KuCoin MASKUSDTM	+0.0100%	4h	0.4857	+0.248%	$541K	$198K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4846	+0.021%	$491K	$1.2M	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4844	−0.021%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4833	−0.246%	$23K	$1	—	as long as short