Funding arb · Price arb /

MASK

all MASK markets

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 +0.005%

Price spread now: Gate against OKX+0.041%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$373as in the Funding arb table

Net, price: spread back to 7d avg − costs−$382as in the Price arb table

costs, in and out, $10k−$3793.790% of the position

Long on OKX Short on Gate

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)−0.011%−$1 · spread now +0.041%, 7d avg +0.070%

Together, before fees+0.052%+$5 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: Gate is 0.028% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MASK-USDT-SWAP	0.4842	0.0100	pay 0.0100% / 8h	7h 34m	$502K	$1.5M	20x
Short	Gate MASK_USDT	0.4844	0.0100	get 0.0100% / 8h	7h 34m	$278K	$300K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.070%: −$2.84
Slippage, 4 orders: −$354
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$381.83
Costs to cover: 3.790%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Gate: live order book, 37 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, 3 min ago	3.10 bp	20.7 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 37 min ago	9.31 bp	107.4 bp −$107	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
Variational Omni MASK	+0.0047%	4h	0.4839	−0.057%	$23K	$21	—	as long as short
BloFin MASK-USDT	+0.0085%	4h	0.4844	+0.041%	$128K	$15K	50x	as long as short
Binance MASKUSDT	+0.0100%	4h	0.4845	+0.062%	$2.6M	$6.0M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4840	−0.041%	$1.3M	$1.1M	50x	as long as short
OKX MASK-USDT-SWAPlong	+0.0100%	8h	0.4842	long leg	$502K	$1.5M	20x
Gate MASK_USDTshort	+0.0100%	8h	0.4844	+0.041%	$278K	$300K	50x
MEXC MASK_USDT	+0.0100%	8h	0.4842	0.000%	$1.1M	$327K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4845	+0.062%	$599K	$174K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4850	+0.165%	$510K	$432K	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4842	0.000%	—	$2.3M	—	as long as short