Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Gate against MEXC−0.100%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1011.014% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.100%, 7d avg +0.034%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.135% cheaper against MEXC than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MAGIC_USDT | 0.04990 | 0.0100 | pay 0.0050% / 4h | 1h 19m | $209K | $117K | 50x |
| Short | Gate MAGIC_USDT | 0.04985 | 0.0100 | get 0.0100% / 8h | 5h 19m | $126K | $27K | 50x |
MEXC MAGIC_USDT
Gate MAGIC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: −0.100% → +0.034%
- −$13.47
- Slippage, 4 orders
- −$82.38
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$114.85
- Costs to cover
- 1.014%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 16 min ago; Gate: live order book, 36 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, 16 min ago | 1.01 bp | 8.9 bp −$9 | 30.1 bp −$301 | 100.3 bp −$10.0K | 350.2 bp −$175.1K |
| Sell Gate live order book, 36 min ago | 6.04 bp | 44.5 bp −$44 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MAGIC-USDT | +0.0098% | 4h | 0.04987 | −0.060% | $84K | $7K | 50x | as long as short |
| Binance MAGICUSDT | +0.0100% | 4h | 0.04987 | −0.060% | $1.6M | $1.7M | 50x | as long as short |
| Bybit MAGICUSDT | +0.0100% | 4h | 0.04990 | 0.000% | $514K | $146K | 25x | as long as short |
| OKX MAGIC-USDT-SWAP | +0.0100% | 4h | 0.04985 | −0.100% | $474K | $726K | 20x | as long as short |
| Gate MAGIC_USDTshort | +0.0100% | 8h | 0.04985 | −0.100% | $126K | $27K | 50x | |
| MEXC MAGIC_USDTlong | +0.0100% | 4h | 0.04990 | long leg | $209K | $117K | 50x | |
| KuCoin MAGICUSDTM | +0.0100% | 4h | 0.04994 | +0.080% | $183K | $25K | 25x | as long as short |
| Bitget MAGICUSDT | +0.0100% | 4h | 0.04990 | 0.000% | $422K | $73K | 25x | as long as short |
| BingX MAGIC-USDT | +0.0100% | 4h | 0.04991 | +0.020% | — | $2.3M | — | as long as short |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04994 | +0.082% | $8K | $555 | — | as long as short |
BloFin MAGIC-USDT
Binance MAGICUSDT
Bybit MAGICUSDT
OKX MAGIC-USDT-SWAP
KuCoin MAGICUSDTM
Bitget MAGICUSDT
BingX MAGIC-USDT
Variational Omni MAGIC