Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: OKX against KuCoin−0.104%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$467as in the Funding arb table

Net, price: spread back to 7d avg − costs−$472as in the Price arb table

costs, in and out, $10k−$4614.606% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.104%, 7d avg +0.009%

Together, before fees+0.019%+$2 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 0.114% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MASKUSDTM	0.4794	0.0100	pay 0.0050% / 4h	35m 41s	$590K	$166K	50x
Short	OKX MASK-USDT-SWAP	0.4789	0.0100	get 0.0100% / 8h	4h 35m	$505K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → +0.009%: −$11.37
Slippage, 4 orders: −$438.58
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$471.95
Costs to cover: 4.606%
Break-even: never at this rate

Slippage from KuCoin: live order book, 48 min ago; OKX: live order book, 1 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 KuCoin live order book, 48 min ago	14.48 bp	195.6 bp −$196	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	4.18 bp	22.1 bp −$22	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
BloFin MASK-USDT	+0.0085%	4h	0.4797	+0.063%	$128K	$15K	50x	as long as short
Binance MASKUSDT	+0.0100%	4h	0.4793	−0.018%	$2.5M	$4.7M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4791	−0.063%	$1.3M	$897K	50x	as long as short
OKX MASK-USDT-SWAPshort	+0.0100%	8h	0.4789	−0.104%	$505K	$1.0M	20x
Gate MASK_USDT	+0.0100%	8h	0.4793	−0.021%	$276K	$234K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4790	−0.083%	$1.0M	$232K	50x	as long as short
KuCoin MASKUSDTMlong	+0.0100%	4h	0.4794	long leg	$590K	$166K	50x
Bitget MASKUSDT	+0.0100%	4h	0.4793	−0.021%	$513K	$331K	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4793	−0.021%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4785	−0.184%	$22K	$31	—	as long as short