Funding arb · Price arb / Crypto
MAGIC
All MAGIC markets →
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.08263 | spot | no funding | — | — | $493K | 1x | Buy OKX Spot | |
| SHORT | 0.08252 | +0.0100 | get 0.0050% / 4h | 2h 03m | $1.5M | $5.0M | 20x | Short OKX |
Price gap−0.127%
Funding gap+0.0100% /8h
Funding pays +$3 a day on $10k, but the gap is 0.098% under its 7d average: −$10 if it goes back, about 3.3 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$15+0.0100% /8h now · paid +0.145% over the last 7D
Price−$10spread −0.127% now, avg −0.030% → −0.098% if it goes back
Costs−$1091.094% of $10k · taker + slippage, in and out
Result−$105−1.05%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.127%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMAGIC on 11 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size50.2 / 11.6 bpAt $10k entering OKX Spot costs 50.2 bp, fee and slippage, 4.3× OKX’s.
- Note: Spot in full, margin on the short$10,000 + $500The spot leg is bought with the whole $10k; OKX runs at up to 20x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on OKX.
- OK: Only the short pays funding— / 4hThe spot leg pays no funding; OKX settles every 4h.Next 24h at the current rates, on $10k a leg: +$3.00Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, +$3.00.
- Watch: Gap narrower than usual−0.127% vs −0.030%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$1.5M OIOnly OKX reports one; the spot book's depth is in the cost check above.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCOKX Spot Yes · OKX YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0069%/8h × 21 periods+$14.55
Price spread−0.127% → −0.030% (7d avg)−$9.75
Slippage, 4 orderslive order books−$79.43
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$104.64
Costs to cover1.094%Break-even57.3 days
Slippage: OKX Spot: live order book, 57 min ago; OKX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX Spot5.4850.2 bp−$504984.5 bp−$49.8K8404.7 bp−$840.5Kdoesn’t fit
SELL · SHORTOKX0.6111.6 bp−$12doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
MAGIC news
posts that mention MAGIC, from every exchange| 10-12 06:35 | HTX | Listing | new market MAGIC-USDT ($MAGIC) seen by our collector |
| 10-12 03:17 | KuCoin | Other | 24H Top 5 Gainers on #KuCoin (October 12, 2026) 1. OBI - $0.0003402 (+64.03%) 2. ITHACA - $0.0007815 (+59.89%) 3. NODE - $0.05343 (+59.81%) 4. ZEUS - $0.01002 (+57.37%) 5. MAGIC - $0.1355 (+45.60%) Check Out and Sign Up on KuCoin! #Ku24hour @kucoincom on X ↗ |
| 10-10 05:51 | KuCoin | Other | 24H Top 5 Gainers on #KuCoin (October 10, 2026) 1. US - $0.03242 (+106.80%) 2. MAGIC - $0.1216 (+86.43%) 3. NODE - $0.01943 (+85.55%) 4. OTK - $0.001982 (+85.44%) 5. NXT - $0.0633 (+64.83%) Check Out and Sign Up on KuCoin! #Ku24hour @kucoincom on X ↗ |
HTX
KuCoin