Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.051%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1431.428% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.051%, 7d avg −0.054%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MAGICUSDT | 0.04997 | 0.0100 | pay 0.0050% / 4h | 3h 40m | $514K | $160K | 25x |
| Short | Binance MAGICUSDT | 0.04994 | 0.0100 | get 0.0050% / 4h | 3h 40m | $1.6M | $1.6M | 50x |
Bybit MAGICUSDT
Binance MAGICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $0
- Price spread: −0.051% → −0.054%
- $0.26
- Slippage, 4 orders
- −$121.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$142.54
- Costs to cover
- 1.428%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 49 min ago; Binance: live order book, 8 min ago.
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 Bybit live order book, 49 min ago | 2.99 bp | 42.3 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.00 bp | 21.5 bp −$22 | 90.7 bp −$907 | doesn't fit | doesn't fit |
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-USDT | +0.0048% | 4h | 0.04998 | +0.020% | $83K | $6K | 50x | as long as short |
| Binance MAGICUSDTshort | +0.0100% | 4h | 0.04994 | −0.051% | $1.6M | $1.6M | 50x | |
| Bybit MAGICUSDTlong | +0.0100% | 4h | 0.04997 | long leg | $514K | $160K | 25x | |
| OKX MAGIC-USDT-SWAP | +0.0100% | 4h | 0.04985 | −0.240% | $476K | $765K | 20x | as long as short |
| MEXC MAGIC_USDT | +0.0100% | 4h | 0.04995 | −0.040% | $209K | $114K | 50x | as long as short |
| KuCoin MAGICUSDTM | +0.0100% | 4h | 0.05002 | +0.100% | $190K | $29K | 25x | as long as short |
| Bitget MAGICUSDT | +0.0100% | 4h | 0.04997 | 0.000% | $425K | $83K | 25x | as long as short |
| BingX MAGIC-USDT | +0.0100% | 4h | 0.04997 | 0.000% | — | $2.3M | — | as long as short |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04997 | +0.004% | $8K | $548 | — | as long as short |
| Gate MAGIC_USDT | +0.0169% | 8h | 0.05002 | +0.100% | $129K | $24K | 50x | as long as short |
BloFin MAGIC-USDT
OKX MAGIC-USDT-SWAP
MEXC MAGIC_USDT
KuCoin MAGICUSDTM
Bitget MAGICUSDT
BingX MAGIC-USDT
Variational Omni MAGIC
Gate MAGIC_USDT