Funding you earn now, next payment 04:00 UTC−0.0002%/8h= −0.3% APRpaid last 24h +0.004%
Price spread now: BloFin against Gate+0.040%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.055%+$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.040% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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 | Gate MAGIC_USDT | 0.04985 | 0.0100 | pay 0.0100% / 8h | 5h 20m | $126K | $27K | 50x |
| Short | BloFin MAGIC-USDT | 0.04987 | 0.0098 | get 0.0049% / 4h | 1h 20m | $84K | $7K | 50x |
Gate MAGIC_USDT
BloFin MAGIC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- −$0.49
- Price spread: +0.040% → 0.000%
- $4.01
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$23.47
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 35 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 Gate live order book, 35 min ago | 6.04 bp | 39.5 bp −$40 | 14900.9 bp −$149.0K | 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 | +0.0098% | 4h | 0.04987 | +0.040% | $84K | $7K | 50x | |
| Binance MAGICUSDT | +0.0100% | 4h | 0.04989 | +0.090% | $1.6M | $1.7M | 50x | as long as short |
| Bybit MAGICUSDT | +0.0100% | 4h | 0.04992 | +0.140% | $514K | $146K | 25x | as long as short |
| OKX MAGIC-USDT-SWAP | +0.0100% | 4h | 0.04987 | +0.040% | $474K | $727K | 20x | as long as short |
| Gate MAGIC_USDTlong | +0.0100% | 8h | 0.04985 | long leg | $126K | $27K | 50x | |
| MEXC MAGIC_USDT | +0.0100% | 4h | 0.04989 | +0.080% | $209K | $117K | 50x | as long as short |
| KuCoin MAGICUSDTM | +0.0100% | 4h | 0.04994 | +0.181% | $183K | $25K | 25x | as long as short |
| Bitget MAGICUSDT | +0.0100% | 4h | 0.04990 | +0.100% | $422K | $73K | 25x | as long as short |
| BingX MAGIC-USDT | +0.0100% | 4h | 0.04991 | +0.120% | — | $2.3M | — | as long as short |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04994 | +0.182% | $8K | $555 | — | as long as short |
Binance MAGICUSDT
Bybit MAGICUSDT
OKX MAGIC-USDT-SWAP
MEXC MAGIC_USDT
KuCoin MAGICUSDTM
Bitget MAGICUSDT
BingX MAGIC-USDT
Variational Omni MAGIC