Funding you earn now, next payment 04:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.008%
Price spread now: BloFin against KuCoin+0.080%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.065%+$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.080% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MAGICUSDTM | 0.04973 | 0.0100 | pay 0.0050% / 4h | 2h 49m | $180K | $25K | 25x |
| Short | BloFin MAGIC-USDT | 0.04977 | 0.0153 | get 0.0076% / 4h | 2h 49m | $85K | $7K | 50x |
KuCoin MAGICUSDTM
BloFin MAGIC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- $11.11
- Price spread: +0.080% → 0.000%
- $8.04
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$4.84
- Costs to cover
- 0.240%
- Break-even
- 10.1 days
Slippage unknown: KuCoin: live order book, 55 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 KuCoin live order book, 55 min ago | 15.94 bp | 236.7 bp −$237 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MAGICUSDT | +0.0100% | 4h | 0.04975 | +0.042% | $1.6M | $1.7M | 50x | as long as short |
| Bybit MAGICUSDT | +0.0100% | 4h | 0.04977 | +0.080% | $513K | $150K | 25x | as long as short |
| OKX MAGIC-USDT-SWAP | +0.0100% | 4h | 0.04971 | −0.040% | $480K | $744K | 20x | as long as short |
| Gate MAGIC_USDT | +0.0100% | 8h | 0.04973 | 0.000% | $126K | $26K | 50x | as long as short |
| MEXC MAGIC_USDT | +0.0100% | 4h | 0.04974 | +0.020% | $209K | $117K | 50x | as long as short |
| KuCoin MAGICUSDTMlong | +0.0100% | 4h | 0.04973 | long leg | $180K | $25K | 25x | |
| Bitget MAGICUSDT | +0.0100% | 4h | 0.04979 | +0.121% | $421K | $85K | 25x | as long as short |
| BingX MAGIC-USDT | +0.0100% | 4h | 0.04972 | −0.020% | — | $2.3M | — | as long as short |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04970 | −0.056% | $8K | $555 | — | as long as short |
| BloFin MAGIC-USDTshort | +0.0153% | 4h | 0.04977 | +0.080% | $85K | $7K | 50x |
Binance MAGICUSDT
Bybit MAGICUSDT
OKX MAGIC-USDT-SWAP
Gate MAGIC_USDT
MEXC MAGIC_USDT
Bitget MAGICUSDT
BingX MAGIC-USDT
Variational Omni MAGIC