Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.04 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BingX+0.020%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1231.230% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.020%, 7d avg +0.008%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MAGIC-USDT | 0.04961 | 0.0108 | pay 0.0054% / 4h | 2h 54m | — | $2.3M | — |
| Short | Bybit MAGICUSDT | 0.04962 | 0.0100 | get 0.0050% / 4h | 2h 54m | $510K | $149K | 25x |
BingX MAGIC-USDT
Bybit MAGICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$1.68
- Price spread: +0.020% → +0.008%
- $1.18
- Slippage, 4 orders
- −$102.01
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$123.5
- Costs to cover
- 1.230%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Bybit: live order book, 51 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, 9 min ago | 4.04 bp | 15.4 bp −$15 | 48.0 bp −$480 | 466.6 bp −$46.7K | 543.1 bp −$271.6K |
| Sell Bybit live order book, 51 min ago | 4.01 bp | 39.3 bp −$39 | 304.5 bp −$3,045 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MAGICUSDT | +0.0100% | 4h | 0.04961 | +0.010% | $1.6M | $1.6M | 50x | as long as short |
| Bybit MAGICUSDTshort | +0.0100% | 4h | 0.04962 | +0.020% | $510K | $149K | 25x | |
| OKX MAGIC-USDT-SWAP | +0.0100% | 4h | 0.04958 | −0.060% | $471K | $715K | 20x | as long as short |
| Gate MAGIC_USDT | +0.0100% | 8h | 0.04965 | +0.081% | $126K | $24K | 50x | as long as short |
| MEXC MAGIC_USDT | +0.0100% | 4h | 0.04962 | +0.020% | $200K | $112K | 50x | as long as short |
| KuCoin MAGICUSDTM | +0.0100% | 4h | 0.04963 | +0.040% | $185K | $26K | 25x | as long as short |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04967 | +0.114% | $8K | $555 | — | as long as short |
| Bitget MAGICUSDT | +0.0106% | 4h | 0.04969 | +0.161% | $425K | $78K | 25x | as long as short |
| BingX MAGIC-USDTlong | +0.0108% | 4h | 0.04961 | long leg | — | $2.3M | — | |
| BloFin MAGIC-USDT | +0.0113% | 4h | 0.04967 | +0.121% | $84K | $7K | 50x | as long as short |
Binance MAGICUSDT
OKX MAGIC-USDT-SWAP
Gate MAGIC_USDT
MEXC MAGIC_USDT
KuCoin MAGICUSDTM
Variational Omni MAGIC
Bitget MAGICUSDT
BloFin MAGIC-USDT