MAGIC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.09 per $10,000 · paid last 24h −0.008%

Price spread now: KuCoin against BloFin+0.020%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 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 +$1 a day on $10k at the current rate, and KuCoin is 0.020% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MAGIC-USDT	0.04987	0.0083	pay 0.0041% / 4h	1h 14m	$85K	$7K	50x
Short	KuCoin MAGICUSDTM	0.04988	0.0100	get 0.0050% / 4h	1h 14m	$182K	$25K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now +0.020%Rate

Funding earned: $3.58
Price spread: +0.020% → 0.000%: $2.01
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$18.42
Costs to cover: 0.240%
Break-even: 43.1 days

Slippage unknown: BloFin: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	13.02 bp	150.4 bp −$150	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	+0.0083%	4h	0.04987	long leg	$85K	$7K	50x
Binance MAGICUSDT	+0.0100%	4h	0.04985	−0.040%	$1.6M	$1.7M	50x	as long as short
Bybit MAGICUSDT	+0.0100%	4h	0.04986	−0.020%	$514K	$146K	25x	as long as short
OKX MAGIC-USDT-SWAP	+0.0100%	4h	0.04980	−0.140%	$473K	$726K	20x	as long as short
Gate MAGIC_USDT	+0.0100%	8h	0.04985	−0.040%	$126K	$27K	50x	as long as short
MEXC MAGIC_USDT	+0.0100%	4h	0.04986	−0.020%	$209K	$118K	50x	as long as short
KuCoin MAGICUSDTMshort	+0.0100%	4h	0.04988	+0.020%	$182K	$25K	25x
Bitget MAGICUSDT	+0.0100%	4h	0.04992	+0.100%	$422K	$73K	25x	as long as short
BingX MAGIC-USDT	+0.0100%	4h	0.04988	+0.020%	—	$2.3M	—	as long as short
Variational Omni MAGIC	+0.0100%	4h	0.04991	+0.071%	$8K	$555	—	as long as short