Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +2.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against BloFin−0.243%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. BingX is 0.243% cheaper against BloFin than usual: you would sell low and buy high (spread −0.243% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 30 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.004% in total) that is about 14 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MAGIC-USDT | 0.04942 | 0.0101 | pay 0.0051% / 4h | 2h 40m | $83K | $6K | 50x |
| Short | BingX MAGIC-USDT | 0.04930 | 0.0128 | get 0.0064% / 4h | 2h 40m | — | $2.3M | — |
BloFin MAGIC-USDT
BingX MAGIC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- $5.58
- Price spread: −0.243% → 0.000%
- −$24.28
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$40.7
- Costs to cover
- 0.220%
- Break-even
- 58.1 days
Slippage unknown: BloFin: no order-book sample; BingX: live order book, 3 min ago. Net counts fees only.
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 BloFin no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 3 min ago | 3.03 bp | 18.8 bp −$19 | 54.9 bp −$549 | 416.9 bp −$41.7K | 474.8 bp −$237.4K |
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.04932 | −0.202% | $1.6M | $1.6M | 50x | as long as short |
| Bybit MAGICUSDT | +0.0100% | 4h | 0.04933 | −0.182% | $507K | $149K | 25x | as long as short |
| OKX MAGIC-USDT-SWAP | +0.0100% | 4h | 0.04924 | −0.364% | $468K | $708K | 20x | as long as short |
| Gate MAGIC_USDT | +0.0100% | 8h | 0.04936 | −0.121% | $126K | $25K | 50x | as long as short |
| MEXC MAGIC_USDT | +0.0100% | 4h | 0.04930 | −0.243% | $199K | $113K | 50x | as long as short |
| KuCoin MAGICUSDTM | +0.0100% | 4h | 0.04941 | −0.020% | $184K | $26K | 25x | as long as short |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04938 | −0.076% | $8K | $555 | — | as long as short |
| BloFin MAGIC-USDTlong | +0.0101% | 4h | 0.04942 | long leg | $83K | $6K | 50x | |
| Bitget MAGICUSDT | +0.0114% | 4h | 0.04931 | −0.223% | $422K | $79K | 25x | as long as short |
| BingX MAGIC-USDTshort | +0.0128% | 4h | 0.04930 | −0.243% | — | $2.3M | — |
Binance MAGICUSDT
Bybit MAGICUSDT
OKX MAGIC-USDT-SWAP
Gate MAGIC_USDT
MEXC MAGIC_USDT
KuCoin MAGICUSDTM
Variational Omni MAGIC
Bitget MAGICUSDT