Funding you earn now, next payment 04:00 UTC−0.0060%/8h= −6.5% APRnext payment −$0.30 per $10,000 · paid last 24h +0.008%
Price spread now: BloFin against Bybit−0.100%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.100% cheaper against Bybit than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MAGICUSDT | 0.04986 | 0.0100 | pay 0.0050% / 4h | 30m 39s | $512K | $146K | 25x |
| Short | BloFin MAGIC-USDT | 0.04981 | 0.0040 | get 0.0020% / 4h | 30m 39s | $84K | $7K | 50x |
Bybit MAGICUSDT
BloFin MAGIC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$12.55
- Price spread: −0.100% → 0.000%
- −$10.03
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$45.58
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 19 min ago; BloFin: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 19 min ago | 2.02 bp | 41.1 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
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-USDTshort | +0.0040% | 4h | 0.04981 | −0.100% | $84K | $7K | 50x | |
| Binance MAGICUSDT | +0.0100% | 4h | 0.04985 | −0.014% | $1.6M | $1.6M | 50x | as long as short |
| Bybit MAGICUSDTlong | +0.0100% | 4h | 0.04986 | long leg | $512K | $146K | 25x | |
| OKX MAGIC-USDT-SWAP | +0.0100% | 4h | 0.04984 | −0.040% | $471K | $736K | 20x | as long as short |
| Gate MAGIC_USDT | +0.0100% | 8h | 0.04975 | −0.221% | $126K | $26K | 50x | as long as short |
| MEXC MAGIC_USDT | +0.0100% | 4h | 0.04985 | −0.020% | $201K | $116K | 50x | as long as short |
| KuCoin MAGICUSDTM | +0.0100% | 4h | 0.04975 | −0.221% | $182K | $25K | 25x | as long as short |
| Bitget MAGICUSDT | +0.0100% | 4h | 0.04991 | +0.100% | $426K | $77K | 25x | as long as short |
| BingX MAGIC-USDT | +0.0100% | 4h | 0.04985 | −0.020% | — | $2.3M | — | as long as short |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04980 | −0.118% | $8K | $555 | — | as long as short |
Binance MAGICUSDT
OKX MAGIC-USDT-SWAP
Gate MAGIC_USDT
MEXC MAGIC_USDT
KuCoin MAGICUSDTM
Bitget MAGICUSDT
BingX MAGIC-USDT
Variational Omni MAGIC