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% APRpaid last 24h +0.015%

Price spread now: Gate against Bybit+0.041%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$305as in the Funding arb table

Net, price: spread back to 7d avg − costs−$309as in the Price arb table

costs, in and out, $10k−$3133.135% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.041%, 7d avg −0.005%

Together, before fees−0.011%−$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: Gate is 0.047% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MASKUSDT	0.4845	0.0100	pay 0.0050% / 4h	3h 49m	$1.3M	$928K	50x
Short	Gate MASK_USDT	0.4847	0.0100	get 0.0100% / 8h	3h 49m	$278K	$223K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → −0.005%: $4.67
Slippage, 4 orders: −$287.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$308.78
Costs to cover: 3.135%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Gate: 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 Bybit live order book, 1 min ago	7.22 bp	39.1 bp −$39	100.2 bp −$1,002	doesn't fit	doesn't fit
Sell Gate live order book, just now	10.31 bp	137.5 bp −$137	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
Binance MASKUSDT	+0.0100%	4h	0.4848	+0.063%	$2.5M	$4.6M	50x	as long as short
Bybit MASKUSDTlong	+0.0100%	4h	0.4845	long leg	$1.3M	$928K	50x
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4846	+0.021%	$512K	$998K	20x	as long as short
Gate MASK_USDTshort	+0.0100%	8h	0.4847	+0.041%	$278K	$223K	50x
MEXC MASK_USDT	+0.0100%	8h	0.4840	−0.103%	$1.1M	$232K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4852	+0.144%	$597K	$165K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4848	+0.062%	$517K	$358K	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4843	−0.041%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4843	−0.048%	$23K	$31	—	as long as short
BloFin MASK-USDT	+0.0157%	4h	0.4847	+0.041%	$127K	$15K	50x	as long as short