Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: OKX against Gate−0.228%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$401as in the Funding arb table

Net, price: spread back to 7d avg − costs−$411as in the Price arb table

costs, in and out, $10k−$3953.947% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)+0.239%+$24 · spread now −0.228%, 7d avg −0.069%

Together, before fees+0.174%+$17 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: OKX is 0.159% cheaper against Gate than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MASK_USDT	0.4824	0.0100	pay 0.0100% / 8h	2h 03m	$271K	$657K	50x
Short	OKX MASK-USDT-SWAP	0.4813	0.0100	get 0.0100% / 8h	2h 03m	$498K	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.228%Rate

Funding earned: $0
Price spread: −0.228% → −0.069%: −$15.89
Slippage, 4 orders: −$369.73
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$410.62
Costs to cover: 3.947%
Break-even: never at this rate

Slippage from Gate: live order book, 18 min ago; OKX: 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 Gate live order book, 18 min ago	8.28 bp	222.0 bp −$222	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	3.11 bp	21.0 bp −$21	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	0.4821	−0.062%	$2.5M	$9.7M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4816	−0.166%	$1.2M	$1.8M	50x	as long as short
OKX MASK-USDT-SWAPshort	+0.0100%	8h	0.4813	−0.228%	$498K	$3.0M	20x
Gate MASK_USDTlong	+0.0100%	8h	0.4824	long leg	$271K	$657K	50x
MEXC MASK_USDT	+0.0100%	8h	0.4817	−0.145%	$1.0M	$326K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4827	+0.062%	$596K	$227K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4823	−0.021%	$504K	$1.2M	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4819	−0.104%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4816	−0.160%	$23K	$1	—	as long as short
BloFin MASK-USDT	+0.0143%	4h	0.4826	+0.041%	$128K	$19K	50x	as long as short