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 −0.005%

Price spread now: MEXC against Gate−0.042%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$341as in the Funding arb table

Net, price: spread back to 7d avg − costs−$330as in the Price arb table

costs, in and out, $10k−$3343.342% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.042%, 7d avg −0.086%

Together, before fees−0.036%−$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: MEXC is 0.044% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MASK_USDT	0.4804	0.0100	pay 0.0100% / 8h	6h 45m	$279K	$236K	50x
Short	MEXC MASK_USDT	0.4802	0.0100	get 0.0100% / 8h	6h 45m	$1.0M	$230K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → −0.086%: $4.41
Slippage, 4 orders: −$315.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$329.77
Costs to cover: 3.342%
Break-even: never at this rate

Slippage from Gate: live order book, 20 min ago; MEXC: live order book, 5 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, 20 min ago	11.32 bp	208.3 bp −$208	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.08 bp	4.1 bp −$4	46.4 bp −$464	825.3 bp −$82.5K	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	0.4805	+0.023%	$2.5M	$5.5M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4797	−0.146%	$1.3M	$1.0M	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4803	−0.021%	$500K	$1.3M	20x	as long as short
Gate MASK_USDTlong	+0.0100%	8h	0.4804	long leg	$279K	$236K	50x
MEXC MASK_USDTshort	+0.0100%	8h	0.4802	−0.042%	$1.0M	$230K	50x
KuCoin MASKUSDTM	+0.0100%	4h	0.4810	+0.125%	$593K	$172K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4802	−0.042%	$509K	$363K	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4802	−0.042%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4792	−0.255%	$22K	$21	—	as long as short
BloFin MASK-USDT	+0.0137%	4h	0.4812	+0.167%	$128K	$15K	50x	as long as short