Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: KuCoin against Gate0.000%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$393as in the Funding arb table
Net, price: spread back to 7d avg − costs−$390as in the Price arb table
costs, in and out, $10k−$3923.920% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)+0.159%+$16 · spread now 0.000%, 7d avg −0.017%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MAGIC_USDT | 0.04936 | 0.0100 | pay 0.0100% / 8h | 2h 40m | $126K | $25K | 50x |
| Short | KuCoin MAGICUSDTM | 0.04936 | 0.0100 | get 0.0050% / 4h | 2h 40m | $184K | $26K | 25x |
Gate MAGIC_USDT
KuCoin MAGICUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- Price spread: 0.000% → −0.017%
- $1.65
- Slippage, 4 orders
- −$364.98
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$390.32
- Costs to cover
- 3.920%
- Break-even
- never at this rate
Slippage from Gate: live order book, 65 min ago; KuCoin: live order book, 15 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 Gate live order book, 65 min ago | 7.02 bp | 40.8 bp −$41 | 15116.4 bp −$151.2K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 15 min ago | 9.07 bp | 165.7 bp −$166 | 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 | 0.04935 | −0.020% | $1.6M | $1.6M | 50x | as long as short |
| Bybit MAGICUSDT | +0.0100% | 4h | 0.04932 | −0.081% | $506K | $149K | 25x | as long as short |
| OKX MAGIC-USDT-SWAP | +0.0100% | 4h | 0.04930 | −0.122% | $468K | $709K | 20x | as long as short |
| Gate MAGIC_USDTlong | +0.0100% | 8h | 0.04936 | long leg | $126K | $25K | 50x | |
| MEXC MAGIC_USDT | +0.0100% | 4h | 0.04930 | −0.122% | $199K | $113K | 50x | as long as short |
| KuCoin MAGICUSDTMshort | +0.0100% | 4h | 0.04936 | 0.000% | $184K | $26K | 25x | |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04938 | +0.045% | $8K | $555 | — | as long as short |
| BloFin MAGIC-USDT | +0.0101% | 4h | 0.04942 | +0.122% | $83K | $6K | 50x | as long as short |
| Bitget MAGICUSDT | +0.0114% | 4h | 0.04936 | 0.000% | $422K | $79K | 25x | as long as short |
| BingX MAGIC-USDT | +0.0128% | 4h | 0.04930 | −0.122% | — | $2.3M | — | as long as short |
Binance MAGICUSDT
Bybit MAGICUSDT
OKX MAGIC-USDT-SWAP
MEXC MAGIC_USDT
Variational Omni MAGIC
BloFin MAGIC-USDT
Bitget MAGICUSDT
BingX MAGIC-USDT