Funding arb · Price arb /

MASK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Gate+0.103%7-day average −0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$402as in the Funding arb table

Net, price: spread back to 7d avg − costs−$378as in the Price arb table

costs, in and out, $10k−$4024.015% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.103%, 7d avg −0.137%

Together, before fees−0.129%−$13 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 0.240% dearer against Gate than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MASK_USDT	0.4848	0.0100	pay 0.0100% / 8h	7h 12m	$278K	$301K	50x
Short	Bitget MASKUSDT	0.4853	0.0100	get 0.0050% / 4h	3h 12m	$519K	$369K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → −0.137%: $24.01
Slippage, 4 orders: −$374.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$377.54
Costs to cover: 4.015%
Break-even: never at this rate

Slippage from Gate: live order book, 59 min ago; Bitget: live order book, 38 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 Gate live order book, 59 min ago	9.31 bp	226.4 bp −$226	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 38 min ago	8.25 bp	27.8 bp −$28	143.9 bp −$1,439	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	0.000%	$2.6M	$5.6M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4848	0.000%	$1.3M	$1.0M	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4848	0.000%	$505K	$1.4M	20x	as long as short
Gate MASK_USDTlong	+0.0100%	8h	0.4848	long leg	$278K	$301K	50x
MEXC MASK_USDT	+0.0100%	8h	0.4850	+0.041%	$1.1M	$329K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4856	+0.165%	$601K	$173K	50x	as long as short
Bitget MASKUSDTshort	+0.0100%	4h	0.4853	+0.103%	$519K	$369K	50x
BingX MASK-USDT	+0.0100%	4h	0.4848	0.000%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4837	−0.232%	$23K	$21	—	as long as short
BloFin MASK-USDT	+0.0120%	4h	0.4852	+0.083%	$129K	$15K	50x	as long as short