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

MAGMA

all MAGMA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.160%
Price spread now: Extended against Aster−0.105%7-day average · you buy dearer than you sell
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Extended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.105% cheaper against Aster than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MAGMAUSDT0.23330.0337pay 0.0168% / 4h29m 29s$1.4M$414K5x
ShortExtended MAGMA-USD0.23310.0272get 0.0034% / 1h29m 29s$9755x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
−$13.61
Price spread: −0.105% → 0.000%
−$10.47
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$37.08
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 4 min ago; Extended: no order-book sample. 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 Aster live order book, 4 min ago7.07 bp24.1 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Extended no order-book sample
Extended: 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.

MAGMA on 10 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
Bybit MAGMAUSDT+0.0100%4h0.2330−0.133%$1.7M$1.2M20xas long as short
KuCoin MAGMAUSDTM+0.0100%4h0.2321−0.519%$270K$30K20xas long as short
Variational Omni MAGMA+0.0100%4h0.2332−0.043%$11K$3Kas long as short
Bitget MAGMAUSDT+0.0182%4h0.2329−0.176%$2.2M$956K20xas long as short
BingX MAGMA-USDT+0.0224%4h0.2331−0.073%$1.3Mas long as short
MEXC MAGMA_USDT+0.0270%4h0.2331−0.077%$11.5M$263K50xas long as short
Binance MAGMAUSDT+0.0271%4h0.2331−0.107%$4.6M$7.2M20xas long as short
Extended MAGMA-USDshort+0.0272%1h0.2331−0.105%$9755x
Gate MAGMA_USDT+0.0330%4h0.2337+0.176%$982K$252K20xas long as short
Aster MAGMAUSDTlong+0.0337%4h0.2333long leg$1.4M$414K5x