Settings8H · net · $10k
Funding arb · Price arb /

MAGIC

all MAGIC markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0005%/8h= +0.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.009%
Price spread now: Variational Omni against BloFin+0.123%86s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.123% dearer against BloFin than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MAGIC-USDT0.049750.0095pay 0.0047% / 4h3h 33m$83K$7K50x
ShortVariational Omni MAGIC0.049810.0100get 0.0050% / 4h3h 33m$8K$555

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Funding earned
$1.09
Price spread: +0.123% → 0.000%
$12.32
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$1.41
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: BloFin: no order-book sample; Variational Omni: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell Variational Omni no order-book sample
BloFin and Variational Omni: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin MAGIC-USDTlong+0.0095%4h0.04975long leg$83K$7K50x
Binance MAGICUSDT+0.0100%4h0.04977+0.036%$1.6M$1.6M50xas long as short
Bybit MAGICUSDT+0.0100%4h0.04979+0.080%$513K$146K25xas long as short
OKX MAGIC-USDT-SWAP+0.0100%4h0.04973−0.040%$468K$725K20xas long as short
MEXC MAGIC_USDT+0.0100%4h0.04977+0.040%$201K$116K50xas long as short
KuCoin MAGICUSDTM+0.0100%4h0.04982+0.141%$186K$26K25xas long as short
Bitget MAGICUSDT+0.0100%4h0.04983+0.161%$426K$77K25xas long as short
BingX MAGIC-USDT+0.0100%4h0.04978+0.060%$2.3Mas long as short
Variational Omni MAGICshort+0.0100%4h0.04981+0.123%$8K$555
Gate MAGIC_USDT+0.0143%8h0.04980+0.101%$126K$26K50xas long as short