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: OKX against BingX−0.100%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$810.808% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.100%, 7d avg −0.001%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.099% cheaper against BingX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MAGIC-USDT | 0.04978 | 0.0100 | pay 0.0050% / 4h | 3h 33m | — | $2.3M | — |
| Short | OKX MAGIC-USDT-SWAP | 0.04973 | 0.0100 | get 0.0050% / 4h | 3h 33m | $468K | $725K | 20x |
BingX MAGIC-USDT
OKX MAGIC-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.100% → −0.001%
- −$9.91
- Slippage, 4 orders
- −$60.82
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$90.73
- Costs to cover
- 0.808%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; OKX: live order book, 17 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, 15 min ago | 3.01 bp | 18.7 bp −$19 | 50.7 bp −$507 | 454.2 bp −$45.4K | 527.4 bp −$263.7K |
| Sell OKX live order book, 17 min ago | 2.01 bp | 21.8 bp −$22 | doesn't fit | 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 | +0.0095% | 4h | 0.04975 | −0.060% | $83K | $7K | 50x | as long as short |
| Binance MAGICUSDT | +0.0100% | 4h | 0.04977 | −0.025% | $1.6M | $1.6M | 50x | as long as short |
| Bybit MAGICUSDT | +0.0100% | 4h | 0.04979 | +0.020% | $513K | $146K | 25x | as long as short |
| OKX MAGIC-USDT-SWAPshort | +0.0100% | 4h | 0.04973 | −0.100% | $468K | $725K | 20x | |
| MEXC MAGIC_USDT | +0.0100% | 4h | 0.04977 | −0.020% | $201K | $116K | 50x | as long as short |
| KuCoin MAGICUSDTM | +0.0100% | 4h | 0.04982 | +0.080% | $186K | $26K | 25x | as long as short |
| Bitget MAGICUSDT | +0.0100% | 4h | 0.04983 | +0.100% | $426K | $77K | 25x | as long as short |
| BingX MAGIC-USDTlong | +0.0100% | 4h | 0.04978 | long leg | — | $2.3M | — | |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04981 | +0.063% | $8K | $555 | — | as long as short |
| Gate MAGIC_USDT | +0.0143% | 8h | 0.04980 | +0.040% | $126K | $26K | 50x | as long as short |
BloFin MAGIC-USDT
Binance MAGICUSDT
Bybit MAGICUSDT
MEXC MAGIC_USDT
KuCoin MAGICUSDTM
Bitget MAGICUSDT
Variational Omni MAGIC
Gate MAGIC_USDT