Funding you earn now, next payment 08:00 UTC+0.0036%/8h= +4.0% APRnext payment +$0.18 per $10,000 · paid last 24h −0.009%
Price spread now: MEXC against BloFin−0.120%94s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.003%$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. MEXC is 0.120% cheaper against BloFin than usual: you would sell low and buy high (spread −0.120% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.003% in total) that is about 10 months. The two prices were read 94 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 | 0.04995 | 0.0064 | pay 0.0032% / 4h | 1h 59m | $83K | $7K | 50x |
| Short | MEXC MAGIC_USDT | 0.04989 | 0.0100 | get 0.0050% / 4h | 1h 59m | $197K | $111K | 50x |
BloFin MAGIC-USDT
MEXC MAGIC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $7.65
- Price spread: −0.120% → 0.000%
- −$12.01
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$20.36
- Costs to cover
- 0.160%
- Break-even
- 25.6 days
Slippage unknown: BloFin: no order-book sample; MEXC: live order book, 21 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 MEXC live order book, 21 min ago | 1.01 bp | 7.7 bp −$8 | 31.6 bp −$316 | 101.2 bp −$10.1K | 347.3 bp −$173.6K |
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 | +0.0064% | 4h | 0.04995 | long leg | $83K | $7K | 50x | |
| Binance MAGICUSDT | +0.0100% | 4h | 0.04990 | −0.109% | $1.6M | $1.6M | 50x | as long as short |
| Bybit MAGICUSDT | +0.0100% | 4h | 0.04992 | −0.060% | $515K | $152K | 25x | as long as short |
| OKX MAGIC-USDT-SWAP | +0.0100% | 4h | 0.04992 | −0.060% | $479K | $728K | 20x | as long as short |
| MEXC MAGIC_USDTshort | +0.0100% | 4h | 0.04989 | −0.120% | $197K | $111K | 50x | |
| KuCoin MAGICUSDTM | +0.0100% | 4h | 0.04992 | −0.060% | $186K | $26K | 25x | as long as short |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04996 | +0.012% | $8K | $555 | — | as long as short |
| Gate MAGIC_USDT | +0.0136% | 8h | 0.04999 | +0.080% | $127K | $23K | 50x | as long as short |
| BingX MAGIC-USDT | +0.0230% | 4h | 0.04994 | −0.020% | — | $2.3M | — | as long as short |
| Bitget MAGICUSDT | +0.0232% | 4h | 0.04995 | 0.000% | $428K | $77K | 25x | as long as short |
Binance MAGICUSDT
Bybit MAGICUSDT
OKX MAGIC-USDT-SWAP
KuCoin MAGICUSDTM
Variational Omni MAGIC
Gate MAGIC_USDT
BingX MAGIC-USDT
Bitget MAGICUSDT