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% APRpaid last 24h +0.005%

Price spread now: Binance against OKX+0.123%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$870.868% of the position

Long on OKX Short on Binance

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)−0.122%−$12 · spread now +0.123%, 7d avg +0.057%

Together, before fees−0.104%−$10 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: Binance is 0.066% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MASK-USDT-SWAP	0.4851	0.0100	pay 0.0100% / 8h	1h 12m	$506K	$3.1M	20x
Short	Binance MASKUSDT	0.4857	0.0100	get 0.0050% / 4h	1h 12m	$2.6M	$9.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.123%Rate

Funding earned: $0
Price spread: +0.123% → +0.057%: $6.55
Slippage, 4 orders: −$66.76
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$80.21
Costs to cover: 0.868%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Binance: live order book, 12 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 OKX live order book, 5 min ago	3.09 bp	25.3 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	3.09 bp	15.6 bp −$16	61.3 bp −$613	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
Bybit MASKUSDT	−0.0141%	4h	0.4852	+0.021%	$1.3M	$1.8M	50x	as long as short
BloFin MASK-USDT	+0.0049%	4h	0.4862	+0.227%	$129K	$20K	50x	as long as short
Binance MASKUSDTshort	+0.0100%	4h	0.4857	+0.123%	$2.6M	$9.8M	50x
OKX MASK-USDT-SWAPlong	+0.0100%	8h	0.4851	long leg	$506K	$3.1M	20x
Gate MASK_USDT	+0.0100%	8h	0.4858	+0.144%	$274K	$658K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4852	+0.021%	$1.0M	$327K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4862	+0.227%	$600K	$229K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4856	+0.103%	$511K	$1.2M	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4856	+0.103%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4847	−0.085%	$23K	$1	—	as long as short