Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.125%7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1081.075% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.190%+$19 · spread now −0.125%, 7d avg +0.054%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.179% cheaper against Binance than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MAGICUSDT | 0.04938 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $1.6M | $1.6M | 50x |
| Short | Bybit MAGICUSDT | 0.04932 | 0.0100 | get 0.0050% / 4h | 2h 32m | $505K | $148K | 25x |
Binance MAGICUSDT
Bybit MAGICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.125% → +0.054%
- −$17.93
- Slippage, 4 orders
- −$86.52
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$125.45
- Costs to cover
- 1.075%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; Bybit: live order book, 7 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 Binance live order book, 16 min ago | 2.01 bp | 16.8 bp −$17 | 108.3 bp −$1,083 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 7 min ago | 1.01 bp | 43.0 bp −$43 | 325.9 bp −$3,259 | doesn't fit | doesn't fit |
MAGIC 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 MAGIC-USDT | +0.0062% | 4h | 0.04931 | −0.145% | $83K | $6K | 50x | as long as short |
| Binance MAGICUSDTlong | +0.0100% | 4h | 0.04938 | long leg | $1.6M | $1.6M | 50x | |
| Bybit MAGICUSDTshort | +0.0100% | 4h | 0.04932 | −0.125% | $505K | $148K | 25x | |
| OKX MAGIC-USDT-SWAP | +0.0100% | 4h | 0.04937 | −0.024% | $470K | $712K | 20x | as long as short |
| Gate MAGIC_USDT | +0.0100% | 8h | 0.04940 | +0.037% | $126K | $25K | 50x | as long as short |
| MEXC MAGIC_USDT | +0.0100% | 4h | 0.04937 | −0.024% | $199K | $114K | 50x | as long as short |
| KuCoin MAGICUSDTM | +0.0100% | 4h | 0.04937 | −0.024% | $184K | $26K | 25x | as long as short |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04940 | +0.031% | $8K | $555 | — | as long as short |
| Bitget MAGICUSDT | +0.0106% | 4h | 0.04938 | −0.004% | $423K | $80K | 25x | as long as short |
| BingX MAGIC-USDT | +0.0112% | 4h | 0.04938 | −0.004% | — | $2.3M | — | as long as short |
BloFin MAGIC-USDT
OKX MAGIC-USDT-SWAP
Gate MAGIC_USDT
MEXC MAGIC_USDT
KuCoin MAGICUSDTM
Variational Omni MAGIC
Bitget MAGICUSDT
BingX MAGIC-USDT