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: MEXC against OKX+0.060%7-day average −0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$710.713% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 4 days (all we have)−0.115%−$12 · spread now +0.060%, 7d avg −0.046%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.106% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.046%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MAGIC-USDT-SWAP | 0.04986 | 0.0100 | pay 0.0050% / 4h | 23m 44s | $472K | $768K | 20x |
| Short | MEXC MAGIC_USDT | 0.04989 | 0.0100 | get 0.0050% / 4h | 23m 44s | $203K | $114K | 50x |
OKX MAGIC-USDT-SWAP
MEXC MAGIC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.060% → −0.046%
- $10.59
- Slippage, 4 orders
- −$57.27
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$60.68
- Costs to cover
- 0.713%
- Break-even
- never at this rate
Slippage from OKX: live order book, 12 min ago; MEXC: live order book, 52 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, 12 min ago | 2.99 bp | 23.9 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 52 min ago | 2.99 bp | 11.9 bp −$12 | 37.4 bp −$374 | 94.2 bp −$9,419 | 344.1 bp −$172.1K |
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 | +0.0055% | 4h | 0.04994 | +0.160% | $84K | $6K | 50x | as long as short |
| Binance MAGICUSDT | +0.0100% | 4h | 0.04989 | +0.054% | $1.6M | $1.6M | 50x | as long as short |
| Bybit MAGICUSDT | +0.0100% | 4h | 0.04993 | +0.140% | $514K | $157K | 25x | as long as short |
| OKX MAGIC-USDT-SWAPlong | +0.0100% | 4h | 0.04986 | long leg | $472K | $768K | 20x | |
| MEXC MAGIC_USDTshort | +0.0100% | 4h | 0.04989 | +0.060% | $203K | $114K | 50x | |
| KuCoin MAGICUSDTM | +0.0100% | 4h | 0.04996 | +0.201% | $186K | $28K | 25x | as long as short |
| Bitget MAGICUSDT | +0.0100% | 4h | 0.04994 | +0.160% | $426K | $80K | 25x | as long as short |
| BingX MAGIC-USDT | +0.0100% | 4h | 0.04995 | +0.181% | — | $2.3M | — | as long as short |
| Variational Omni MAGIC | +0.0100% | 4h | 0.04998 | +0.232% | $8K | $553 | — | as long as short |
| Gate MAGIC_USDT | +0.0478% | 8h | 0.05002 | +0.321% | $129K | $25K | 50x | as long as short |
BloFin MAGIC-USDT
Binance MAGICUSDT
Bybit MAGICUSDT
KuCoin MAGICUSDTM
Bitget MAGICUSDT
BingX MAGIC-USDT
Variational Omni MAGIC
Gate MAGIC_USDT