Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against BloFin−0.101%82s7-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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.101% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MAGIC-USDT | 0.04959 | 0.0132 | pay 0.0066% / 4h | 2h 43m | $83K | $7K | 50x |
| Short | Bybit MAGICUSDT | 0.04954 | 0.0100 | get 0.0050% / 4h | 2h 43m | $509K | $148K | 25x |
BloFin MAGIC-USDT
Bybit MAGICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$6.75
- Price spread: −0.101% → 0.000%
- −$10.08
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$39.83
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: BloFin: no order-book sample; Bybit: live order book, 61 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 Bybit live order book, 61 min ago | 4.01 bp | 39.3 bp −$39 | 304.5 bp −$3,045 | doesn't fit | doesn't fit |
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 | 0.04950 | −0.181% | $1.6M | $1.6M | 50x | as long as short |
| Bybit MAGICUSDTshort | +0.0100% | 4h | 0.04954 | −0.101% | $509K | $148K | 25x | |
| OKX MAGIC-USDT-SWAP | +0.0100% | 4h | 0.04946 | −0.262% | $470K | $716K | 20x | as long as short |
| Gate MAGIC_USDT | +0.0100% | 8h | 0.04963 | +0.081% | $126K | $24K | 50x | as long as short |
| MEXC MAGIC_USDT | +0.0100% | 4h | 0.04949 | −0.202% | $199K | $113K | 50x | as long as short |
| KuCoin MAGICUSDTM | +0.0100% | 4h | 0.04957 | −0.040% | $185K | $26K | 25x | as long as short |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04961 | +0.033% | $8K | $555 | — | as long as short |
| BingX MAGIC-USDT | +0.0124% | 4h | 0.04956 | −0.060% | — | $2.3M | — | as long as short |
| Bitget MAGICUSDT | +0.0128% | 4h | 0.04955 | −0.081% | $424K | $79K | 25x | as long as short |
| BloFin MAGIC-USDTlong | +0.0132% | 4h | 0.04959 | long leg | $83K | $7K | 50x |
Binance MAGICUSDT
OKX MAGIC-USDT-SWAP
Gate MAGIC_USDT
MEXC MAGIC_USDT
KuCoin MAGICUSDTM
Variational Omni MAGIC
BingX MAGIC-USDT
Bitget MAGICUSDT