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

MAGMA

all MAGMA markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0983%/8h= −107.6% APRnext payment $4.91 per $10,000 · paid last 24h −0.183%
Price spread now: Variational Omni against Aster−0.106%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 4 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 · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Variational Omni is 0.106% cheaper against Aster than usual: you would sell low and buy high (−$11 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 MAGMAUSDT0.23800.1083pay 0.0541% / 4h2h 40m$1.4M$420K5x
ShortVariational Omni MAGMA0.23780.0100get 0.0050% / 4h2h 40m$12K$3K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
−$206.41
Price spread: −0.106% → 0.000%
−$10.65
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$225.06
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 3 min ago; Variational Omni: 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, 3 min ago5.66 bp24.4 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni no order-book sample
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.

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
KuCoin MAGMAUSDTM+0.0100%4h0.2375−0.209%$277K$36K20xas long as short
Variational Omni MAGMAshort+0.0100%4h0.2378−0.106%$12K$3K
Bybit MAGMAUSDT+0.0180%4h0.2376−0.162%$1.7M$1.2M20xas long as short
Bitget MAGMAUSDT+0.0316%4h0.2378−0.078%$2.3M$970K20xas long as short
Gate MAGMA_USDT+0.0406%4h0.2381+0.048%$1.0M$265K20xas long as short
BingX MAGMA-USDT+0.0488%4h0.2379−0.032%$1.4Mas long as short
Extended MAGMA-USD+0.0520%1h0.2378−0.083%$1K5xas long as short
MEXC MAGMA_USDT+0.0522%4h0.2379−0.070%$11.8M$281K50xas long as short
Binance MAGMAUSDT+0.0523%4h0.2379−0.052%$4.6M$7.4M20xas long as short
Aster MAGMAUSDTlong+0.1083%4h0.2380long leg$1.4M$420K5x