Funding arb · Price arb /

MASK

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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 0.000%

Price spread now: Bitget against KuCoin−0.020%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$488as in the Funding arb table

Net, price: spread back to 7d avg − costs−$485as in the Price arb table

costs, in and out, $10k−$4884.881% of the position

Long on KuCoin 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)−0.030%−$3 · spread now −0.020%, 7d avg −0.048%

Together, before fees−0.030%−$3 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 0.027% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MASKUSDTM	0.4889	0.0100	pay 0.0050% / 4h	15m 46s	$600K	$158K	50x
Short	Bitget MASKUSDT	0.4888	0.0100	get 0.0050% / 4h	15m 46s	$525K	$331K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.048%: $2.72
Slippage, 4 orders: −$464.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$485.42
Costs to cover: 4.881%
Break-even: never at this rate

Slippage from KuCoin: live order book, 19 min ago; Bitget: 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 KuCoin live order book, 19 min ago	10.24 bp	204.4 bp −$204	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, just now	6.14 bp	20.8 bp −$21	133.1 bp −$1,331	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	0.4888	−0.020%	$2.6M	$4.1M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4888	−0.020%	$1.3M	$765K	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4885	−0.082%	$522K	$864K	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4885	−0.082%	$280K	$129K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4891	+0.041%	$1.0M	$235K	50x	as long as short
KuCoin MASKUSDTMlong	+0.0100%	4h	0.4889	long leg	$600K	$158K	50x
Bitget MASKUSDTshort	+0.0100%	4h	0.4888	−0.020%	$525K	$331K	50x
BingX MASK-USDT	+0.0100%	4h	0.4887	−0.041%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4884	−0.097%	$23K	$31	—	as long as short
BloFin MASK-USDT	+0.0149%	4h	0.4885	−0.082%	$127K	$15K	50x	as long as short