MASK arbitrage explained
Right now Mask Network (MASK) trades on 8 venues we scan: 8 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.4683 and the highest bid on Bitget spot at $0.4691.
The widest MASK perpetual spread is between MEXC and KuCoin: long MASK on MEXC at $0.4683 and short on KuCoin at $0.4689 for +0.13% gross, or -0.03% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.015% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best MASK route is to buy spot on Bybit and short the perpetual on KuCoin: +0.04% gross, -0.16% net, with +0.030% a day of funding on the short leg.
Spot–spot MASK arbitrage (buy on Bybit, withdraw, deposit and sell on Bitget) shows +0.09% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small MASK gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: MASK funding rates · MASK spread charts · Mask Network price · arbitrage scanner for all coins.