Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against BingX+0.101%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$1041.042% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.101%, 7d avg +0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.094% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MAGIC-USDT | 0.04968 | 0.0100 | pay 0.0050% / 4h | 2h 12m | — | $2.3M | — |
| Short | Bitget MAGICUSDT | 0.04973 | 0.0100 | get 0.0050% / 4h | 2h 12m | $420K | $83K | 25x |
BingX MAGIC-USDT
Bitget MAGICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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: +0.101% → +0.006%
- $9.44
- Slippage, 4 orders
- −$82.16
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$94.72
- Costs to cover
- 1.042%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Bitget: 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 BingX live order book, 6 min ago | 5.02 bp | 23.5 bp −$24 | 58.6 bp −$586 | 470.2 bp −$47.0K | 530.9 bp −$265.5K |
| Sell Bitget live order book, 48 min ago | 2.01 bp | 34.7 bp −$35 | 222.5 bp −$2,225 | 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 MAGICUSDT | +0.0100% | 4h | 0.04968 | 0.000% | $1.6M | $1.8M | 50x | as long as short |
| 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_USDT | +0.0100% | 8h | 0.04970 | +0.040% | $125K | $28K | 50x | as long as short |
| MEXC MAGIC_USDT | +0.0100% | 4h | 0.04969 | +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 MAGICUSDTshort | +0.0100% | 4h | 0.04973 | +0.101% | $420K | $83K | 25x | |
| BingX MAGIC-USDTlong | +0.0100% | 4h | 0.04968 | long leg | — | $2.3M | — | |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04972 | +0.082% | $8K | $555 | — | as long as short |
Binance MAGICUSDT
Bybit MAGICUSDT
OKX MAGIC-USDT-SWAP
Gate MAGIC_USDT
MEXC MAGIC_USDT
KuCoin MAGICUSDTM
Variational Omni MAGIC