Funding you earn now, next payment 12:00 UTC+0.0121%/8h= +13.2% APRpaid last 24h +0.034%
Price spread now: Gate against BloFin+0.060%63s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Gate is 0.060% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 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 | 0.04998 | 0.0048 | pay 0.0024% / 4h | 3h 40m | $83K | $6K | 50x |
| Short | Gate MAGIC_USDT | 0.05001 | 0.0169 | get 0.0169% / 8h | 7h 40m | $129K | $24K | 50x |
BloFin MAGIC-USDT
Gate MAGIC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $25.36
- Price spread: +0.060% → 0.000%
- $6
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $4.36
- Costs to cover
- 0.270%
- Break-even
- 5.8 days
Slippage unknown: BloFin: no order-book sample; Gate: live order book, 50 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 Gate live order book, 50 min ago | 4.98 bp | 46.3 bp −$46 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MAGIC-USDTlong | +0.0048% | 4h | 0.04998 | long leg | $83K | $6K | 50x | |
| Binance MAGICUSDT | +0.0100% | 4h | 0.04994 | −0.080% | $1.6M | $1.6M | 50x | as long as short |
| Bybit MAGICUSDT | +0.0100% | 4h | 0.04996 | −0.040% | $514K | $160K | 25x | as long as short |
| OKX MAGIC-USDT-SWAP | +0.0100% | 4h | 0.04988 | −0.200% | $475K | $765K | 20x | as long as short |
| MEXC MAGIC_USDT | +0.0100% | 4h | 0.04993 | −0.100% | $209K | $114K | 50x | as long as short |
| KuCoin MAGICUSDTM | +0.0100% | 4h | 0.05002 | +0.080% | $190K | $29K | 25x | as long as short |
| Bitget MAGICUSDT | +0.0100% | 4h | 0.04997 | −0.020% | $425K | $83K | 25x | as long as short |
| BingX MAGIC-USDT | +0.0100% | 4h | 0.04996 | −0.040% | — | $2.3M | — | as long as short |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04997 | −0.016% | $8K | $548 | — | as long as short |
| Gate MAGIC_USDTshort | +0.0169% | 8h | 0.05001 | +0.060% | $129K | $24K | 50x |
Binance MAGICUSDT
Bybit MAGICUSDT
OKX MAGIC-USDT-SWAP
MEXC MAGIC_USDT
KuCoin MAGICUSDTM
Bitget MAGICUSDT
BingX MAGIC-USDT
Variational Omni MAGIC