Funding you earn now, next payment 08:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.14 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against MEXC0.000%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$600.596% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.055%+$5 · spread now 0.000%, 7d avg +0.049%
=Funding pays, the price is against you. BingX is 0.049% cheaper against MEXC than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.049%). If the spread goes back, that is −$5 on $10k: about 5.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.001% in total) that is about 9 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MAGIC_USDT | 0.04930 | 0.0100 | pay 0.0050% / 4h | 2h 40m | $199K | $113K | 50x |
| Short | BingX MAGIC-USDT | 0.04930 | 0.0128 | get 0.0064% / 4h | 2h 40m | — | $2.3M | — |
MEXC MAGIC_USDT
BingX MAGIC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- $5.88
- Price spread: 0.000% → +0.049%
- −$4.91
- Slippage, 4 orders
- −$45.63
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$58.65
- Costs to cover
- 0.596%
- Break-even
- 76.8 days
Slippage from MEXC: live order book, 45 min ago; BingX: live order book, 3 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 MEXC live order book, 45 min ago | 3.02 bp | 10.9 bp −$11 | 32.1 bp −$321 | 100.7 bp −$10.1K | 335.2 bp −$167.6K |
| Sell BingX live order book, 3 min ago | 3.03 bp | 18.8 bp −$19 | 54.9 bp −$549 | 416.9 bp −$41.7K | 474.8 bp −$237.4K |
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 | 0.04934 | +0.081% | $1.6M | $1.6M | 50x | as long as short |
| Bybit MAGICUSDT | +0.0100% | 4h | 0.04932 | +0.041% | $506K | $149K | 25x | as long as short |
| OKX MAGIC-USDT-SWAP | +0.0100% | 4h | 0.04930 | 0.000% | $468K | $709K | 20x | as long as short |
| Gate MAGIC_USDT | +0.0100% | 8h | 0.04936 | +0.122% | $126K | $25K | 50x | as long as short |
| MEXC MAGIC_USDTlong | +0.0100% | 4h | 0.04930 | long leg | $199K | $113K | 50x | |
| KuCoin MAGICUSDTM | +0.0100% | 4h | 0.04937 | +0.142% | $184K | $26K | 25x | as long as short |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04938 | +0.167% | $8K | $555 | — | as long as short |
| BloFin MAGIC-USDT | +0.0101% | 4h | 0.04942 | +0.243% | $83K | $6K | 50x | as long as short |
| Bitget MAGICUSDT | +0.0114% | 4h | 0.04934 | +0.081% | $422K | $79K | 25x | as long as short |
| BingX MAGIC-USDTshort | +0.0128% | 4h | 0.04930 | 0.000% | — | $2.3M | — |
Binance MAGICUSDT
Bybit MAGICUSDT
OKX MAGIC-USDT-SWAP
Gate MAGIC_USDT
KuCoin MAGICUSDTM
Variational Omni MAGIC
BloFin MAGIC-USDT
Bitget MAGICUSDT