MAGIC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bitget−0.161%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$950.954% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.161%, 7d avg −0.010%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.151% cheaper against Bitget than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MAGICUSDT	0.04969	0.0106	pay 0.0053% / 4h	2h 54m	$425K	$78K	25x
Short	BingX MAGIC-USDT	0.04961	0.0108	get 0.0054% / 4h	2h 54m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BingXbpOrdersPrice spread, now −0.161%Rate

Funding earned: $0.42
Price spread: −0.161% → −0.010%: −$15.08
Slippage, 4 orders: −$73.41
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$110.07
Costs to cover: 0.954%
Break-even: 1841.5 days

Slippage from Bitget: live order book, 51 min ago; BingX: live order book, 9 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 Bitget live order book, 51 min ago	1.00 bp	29.2 bp −$29	240.4 bp −$2,404	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	4.04 bp	23.1 bp −$23	55.5 bp −$555	422.0 bp −$42.2K	482.8 bp −$241.4K

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	−0.151%	$1.6M	$1.6M	50x	as long as short
Bybit MAGICUSDT	+0.0100%	4h	0.04962	−0.141%	$510K	$149K	25x	as long as short
OKX MAGIC-USDT-SWAP	+0.0100%	4h	0.04958	−0.221%	$471K	$715K	20x	as long as short
Gate MAGIC_USDT	+0.0100%	8h	0.04965	−0.080%	$126K	$24K	50x	as long as short
MEXC MAGIC_USDT	+0.0100%	4h	0.04962	−0.141%	$200K	$112K	50x	as long as short
KuCoin MAGICUSDTM	+0.0100%	4h	0.04963	−0.121%	$185K	$26K	25x	as long as short
Variational Omni MAGIC	+0.0100%	4h	0.04967	−0.048%	$8K	$555	—	as long as short
Bitget MAGICUSDTlong	+0.0106%	4h	0.04969	long leg	$425K	$78K	25x
BingX MAGIC-USDTshort	+0.0108%	4h	0.04961	−0.161%	—	$2.3M	—
BloFin MAGIC-USDT	+0.0113%	4h	0.04967	−0.040%	$84K	$7K	50x	as long as short