Settings8H · net · $10k
Funding arb · Price arb /

MAGIC

all MAGIC markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Variational Omni+0.019%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni MAGIC0.049720.0100pay 0.0050% / 4h2h 12m$8K$555
ShortBitget MAGICUSDT0.049730.0100get 0.0050% / 4h2h 12m$420K$83K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
$0
Price spread: +0.019% → 0.000%
$1.85
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$10.15
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; Bitget: live order book, 48 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell Bitget live order book, 48 min ago2.01 bp34.7 bp −$35222.5 bp −$2,225doesn't fitdoesn't fit
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MAGIC on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance MAGICUSDT+0.0100%4h0.04968−0.082%$1.6M$1.8M50xas long as short
Bybit MAGICUSDT+0.0100%4h0.04969−0.062%$511K$148K25xas long as short
OKX MAGIC-USDT-SWAP+0.0100%4h0.04966−0.122%$476K$759K20xas long as short
Gate MAGIC_USDT+0.0100%8h0.04970−0.042%$125K$28K50xas long as short
MEXC MAGIC_USDT+0.0100%4h0.04969−0.062%$208K$119K50xas long as short
KuCoin MAGICUSDTM+0.0100%4h0.04975+0.059%$180K$25K25xas long as short
Bitget MAGICUSDTshort+0.0100%4h0.04973+0.019%$420K$83K25x
BingX MAGIC-USDT+0.0100%4h0.04968−0.082%$2.3Mas long as short
Variational Omni MAGIClong+0.0100%4h0.04972long leg$8K$555