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 −0.010%

Price spread now: Bybit against MEXC−0.021%7-day average +0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$850.846% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.021%, 7d avg +0.092%

Together, before fees+0.055%+$6 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: Bybit is 0.113% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MASK_USDT	0.4832	0.0100	pay 0.0100% / 8h	7h 30m	$1.1M	$328K	50x
Short	Bybit MASKUSDT	0.4831	0.0100	get 0.0050% / 4h	3h 30m	$1.3M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → +0.092%: −$11.28
Slippage, 4 orders: −$69.61
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$95.88
Costs to cover: 0.846%
Break-even: never at this rate

Slippage from MEXC: live order book, just now; Bybit: 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 MEXC live order book, just now	2.07 bp	4.1 bp −$4	40.1 bp −$401	785.0 bp −$78.5K	doesn't fit
Sell Bybit live order book, 5 min ago	4.13 bp	39.3 bp −$39	96.6 bp −$966	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
Variational Omni MASK	+0.0085%	4h	0.4832	+0.005%	$23K	$21	—	as long as short
BloFin MASK-USDT	+0.0090%	4h	0.4834	+0.041%	$128K	$15K	50x	as long as short
Binance MASKUSDT	+0.0100%	4h	0.4837	+0.095%	$2.6M	$5.9M	50x	as long as short
Bybit MASKUSDTshort	+0.0100%	4h	0.4831	−0.021%	$1.3M	$1.1M	50x
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4834	+0.041%	$501K	$1.5M	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4833	+0.021%	$277K	$300K	50x	as long as short
MEXC MASK_USDTlong	+0.0100%	8h	0.4832	long leg	$1.1M	$328K	50x
KuCoin MASKUSDTM	+0.0100%	4h	0.4840	+0.166%	$599K	$174K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4835	+0.062%	$508K	$417K	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4833	+0.021%	—	$2.3M	—	as long as short