MAGIC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX−0.040%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$830.826% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.040%, 7d avg −0.044%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MAGIC-USDT-SWAP	0.05014	0.0100	pay 0.0050% / 4h	1h 07m	$484K	$743K	20x
Short	Binance MAGICUSDT	0.05012	0.0100	get 0.0050% / 4h	1h 07m	$1.6M	$1.6M	50x

Funding history

latest

Range statsloading…

Binance against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee OKXbpFee BinancebpOrdersPrice spread, now −0.040%Rate

Slippage from OKX: live order book, 33 min ago; Binance: live order book, 10 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 33 min ago	2.01 bp	20.6 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	2.99 bp	19.4 bp −$19	83.7 bp −$837	doesn't fit	doesn't fit

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 MAGICUSDTshort	+0.0100%	4h	0.05012	−0.040%	$1.6M	$1.6M	50x
Bybit MAGICUSDT	+0.0100%	4h	0.05014	0.000%	$515K	$153K	25x	as long as short
OKX MAGIC-USDT-SWAPlong	+0.0100%	4h	0.05014	long leg	$484K	$743K	20x
MEXC MAGIC_USDT	+0.0100%	4h	0.05013	−0.020%	$204K	$115K	50x	as long as short
KuCoin MAGICUSDTM	+0.0100%	4h	0.05017	+0.060%	$187K	$27K	25x	as long as short
Bitget MAGICUSDT	+0.0100%	4h	0.05017	+0.060%	$429K	$79K	25x	as long as short
Variational Omni MAGIC	+0.0100%	4h	0.05016	+0.041%	$8K	$555	—	as long as short
BingX MAGIC-USDT	+0.0104%	4h	0.05015	+0.020%	—	$2.3M	—	as long as short
BloFin MAGIC-USDT	+0.0123%	4h	0.05011	−0.060%	$83K	$7K	50x	as long as short
Gate MAGIC_USDT	+0.0380%	8h	0.05017	+0.060%	$128K	$24K	50x	as long as short