Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Gate against Binance+0.040%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1321.322% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.040%, 7d avg +0.032%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MAGICUSDT | 0.04968 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $1.6M | $1.8M | 50x |
| Short | Gate MAGIC_USDT | 0.04970 | 0.0100 | get 0.0100% / 8h | 6h 12m | $125K | $28K | 50x |
Binance MAGICUSDT
Gate MAGIC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.040% → +0.032%
- $0.86
- Slippage, 4 orders
- −$107.17
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$131.31
- Costs to cover
- 1.322%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Gate: live order book, 48 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, 6 min ago | 2.01 bp | 19.9 bp −$20 | 105.0 bp −$1,050 | doesn't fit | doesn't fit |
| Sell Gate live order book, 48 min ago | 3.01 bp | 51.1 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
MAGIC on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MAGICUSDTlong | +0.0100% | 4h | 0.04968 | long leg | $1.6M | $1.8M | 50x | |
| Bybit MAGICUSDT | +0.0100% | 4h | 0.04969 | +0.020% | $511K | $148K | 25x | as long as short |
| OKX MAGIC-USDT-SWAP | +0.0100% | 4h | 0.04966 | −0.040% | $476K | $759K | 20x | as long as short |
| Gate MAGIC_USDTshort | +0.0100% | 8h | 0.04970 | +0.040% | $125K | $28K | 50x | |
| MEXC MAGIC_USDT | +0.0100% | 4h | 0.04967 | −0.020% | $208K | $119K | 50x | as long as short |
| KuCoin MAGICUSDTM | +0.0100% | 4h | 0.04975 | +0.141% | $180K | $25K | 25x | as long as short |
| Bitget MAGICUSDT | +0.0100% | 4h | 0.04973 | +0.101% | $420K | $83K | 25x | as long as short |
| BingX MAGIC-USDT | +0.0100% | 4h | 0.04969 | +0.020% | — | $2.3M | — | as long as short |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04972 | +0.082% | $8K | $555 | — | as long as short |
Bybit MAGICUSDT
OKX MAGIC-USDT-SWAP
MEXC MAGIC_USDT
KuCoin MAGICUSDTM
Bitget MAGICUSDT
BingX MAGIC-USDT
Variational Omni MAGIC