Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against OKX−0.100%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$960.964% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.100%, 7d avg +0.017%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.117% cheaper against OKX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MAGIC-USDT-SWAP | 0.05005 | 0.0100 | pay 0.0050% / 4h | 3h 23m | $475K | $770K | 20x |
| Short | Bitget MAGICUSDT | 0.05000 | 0.0100 | get 0.0050% / 4h | 3h 23m | $425K | $82K | 25x |
OKX MAGIC-USDT-SWAP
Bitget MAGICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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% → +0.017%
- −$11.74
- Slippage, 4 orders
- −$74.39
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$108.12
- Costs to cover
- 0.964%
- Break-even
- never at this rate
Slippage from OKX: live order book, 8 min ago; Bitget: live order book, 2 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 OKX live order book, 8 min ago | 2.01 bp | 20.3 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.00 bp | 22.0 bp −$22 | 153.5 bp −$1,535 | 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 | 0.05006 | +0.010% | $1.6M | $1.6M | 50x | as long as short |
| Bybit MAGICUSDT | +0.0100% | 4h | 0.05007 | +0.040% | $515K | $160K | 25x | as long as short |
| OKX MAGIC-USDT-SWAPlong | +0.0100% | 4h | 0.05005 | long leg | $475K | $770K | 20x | |
| Gate MAGIC_USDT | +0.0100% | 8h | 0.04997 | −0.160% | $129K | $24K | 50x | as long as short |
| MEXC MAGIC_USDT | +0.0100% | 4h | 0.04999 | −0.120% | $209K | $115K | 50x | as long as short |
| KuCoin MAGICUSDTM | +0.0100% | 4h | 0.04993 | −0.240% | $190K | $29K | 25x | as long as short |
| Bitget MAGICUSDTshort | +0.0100% | 4h | 0.05000 | −0.100% | $425K | $82K | 25x | |
| BingX MAGIC-USDT | +0.0100% | 4h | 0.05004 | −0.020% | — | $2.3M | — | as long as short |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04974 | −0.629% | $8K | $548 | — | as long as short |
| BloFin MAGIC-USDT | +0.0128% | 4h | 0.04972 | −0.659% | $83K | $6K | 50x | as long as short |
Binance MAGICUSDT
Bybit MAGICUSDT
Gate MAGIC_USDT
MEXC MAGIC_USDT
KuCoin MAGICUSDTM
BingX MAGIC-USDT
Variational Omni MAGIC
BloFin MAGIC-USDT