Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit−0.081%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1261.259% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.081%, 7d avg −0.010%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.071% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MAGICUSDT | 0.04943 | 0.0100 | pay 0.0050% / 4h | 2h 42m | $508K | $149K | 25x |
| Short | OKX MAGIC-USDT-SWAP | 0.04939 | 0.0100 | get 0.0050% / 4h | 2h 42m | $470K | $716K | 20x |
Bybit MAGICUSDT
OKX MAGIC-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.081% → −0.010%
- −$7.07
- Slippage, 4 orders
- −$104.94
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$133.01
- Costs to cover
- 1.259%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 62 min ago; OKX: live order book, 4 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, 62 min ago | 4.01 bp | 45.2 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.02 bp | 20.6 bp −$21 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MAGICUSDT | +0.0100% | 4h | 0.04946 | +0.055% | $1.6M | $1.6M | 50x | as long as short |
| Bybit MAGICUSDTlong | +0.0100% | 4h | 0.04943 | long leg | $508K | $149K | 25x | |
| OKX MAGIC-USDT-SWAPshort | +0.0100% | 4h | 0.04939 | −0.081% | $470K | $716K | 20x | |
| Gate MAGIC_USDT | +0.0100% | 8h | 0.04961 | +0.364% | $126K | $24K | 50x | as long as short |
| MEXC MAGIC_USDT | +0.0100% | 4h | 0.04946 | +0.061% | $199K | $113K | 50x | as long as short |
| KuCoin MAGICUSDTM | +0.0100% | 4h | 0.04953 | +0.202% | $184K | $26K | 25x | as long as short |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04961 | +0.357% | $8K | $555 | — | as long as short |
| Bitget MAGICUSDT | +0.0118% | 4h | 0.04946 | +0.061% | $423K | $79K | 25x | as long as short |
| BingX MAGIC-USDT | +0.0126% | 4h | 0.04945 | +0.040% | — | $2.3M | — | as long as short |
| BloFin MAGIC-USDT | +0.0136% | 4h | 0.04959 | +0.324% | $83K | $7K | 50x | as long as short |
Binance MAGICUSDT
Gate MAGIC_USDT
MEXC MAGIC_USDT
KuCoin MAGICUSDTM
Variational Omni MAGIC
Bitget MAGICUSDT
BingX MAGIC-USDT
BloFin MAGIC-USDT