Funding arb · Price arb /

MAGMA

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Swap Backtest

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 −0.169%

Price spread now: Bitget against Aster+0.079%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$1001.005% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.643%−$64 on $10k

Price spread, last 7 days−0.168%−$17 · spread now +0.079%, 7d avg −0.042%

Together, before fees−0.811%+ Points / potential airdropAster: Stage 5 · farm board−$81 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.120% dearer against Aster than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MAGMAUSDT	0.2316	0.0100	pay 0.0050% / 4h	1h 19m	$1.4M	$351K	5x
Short	Bitget MAGMAUSDT	0.2318	0.0100	get 0.0050% / 4h	1h 19m	$2.2M	$941K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee BitgetbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → −0.042%: $12.03
Slippage, 4 orders: −$80.45
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$88.42
Costs to cover: 1.005%
Break-even: never at this rate

Slippage from Aster: live order book, 3 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 Aster live order book, 3 min ago	5.40 bp	26.1 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.53 bp	25.3 bp −$25	89.6 bp −$896	doesn't fit	doesn't fit

MAGMA 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
Aster MAGMAUSDTlong	+0.0100%	4h	0.2316	long leg	$1.4M	$351K	5x
Bybit MAGMAUSDT	+0.0100%	4h	0.2316	+0.018%	$1.7M	$1.1M	20x	as long as short
Gate MAGMA_USDT	+0.0100%	4h	0.2320	+0.156%	$976K	$248K	20x	as long as short
KuCoin MAGMAUSDTM	+0.0100%	4h	0.2307	−0.401%	$268K	$31K	20x	as long as short
Bitget MAGMAUSDTshort	+0.0100%	4h	0.2318	+0.079%	$2.2M	$941K	20x
Variational Omni MAGMA	+0.0100%	4h	0.2315	−0.044%	$11K	$3K	—	as long as short
BingX MAGMA-USDT	+0.0138%	4h	0.2318	+0.092%	—	$1.4M	—	as long as short
Binance MAGMAUSDT	+0.0150%	4h	0.2318	+0.090%	$4.6M	$7.0M	20x	as long as short
Extended MAGMA-USD	+0.0152%	1h	0.2316	+0.011%	$970	—	5x	as long as short
MEXC MAGMA_USDT	+0.0152%	4h	0.2317	+0.035%	$11.5M	$272K	50x	as long as short