Funding you earn now, next payment 04:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.011%
Price spread now: BingX against Binance+0.056%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1121.120% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 7 days−0.127%−$13 · spread now +0.056%, 7d avg −0.021%
=The price spread pays, funding is against you. BingX is 0.076% dearer against Binance than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of −0.021%): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 21 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MAGMAUSDT | 0.2329 | 0.0282 | pay 0.0141% / 4h | 27m 27s | $4.6M | $7.2M | 20x |
| Short | BingX MAGMA-USDT | 0.2331 | 0.0270 | get 0.0135% / 4h | 27m 27s | — | $1.3M | — |
Binance MAGMAUSDT
BingX MAGMA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.58
- Price spread: +0.056% → −0.021%
- $7.64
- Slippage, 4 orders
- −$92.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$106.96
- Costs to cover
- 1.120%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; BingX: live order book, 3 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 Binance live order book, 11 min ago | 3.45 bp | 26.9 bp −$27 | 408.7 bp −$4,087 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 3.65 bp | 27.5 bp −$28 | 140.5 bp −$1,405 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MAGMAUSDT | +0.0100% | 4h | 0.2329 | −0.017% | $1.7M | $1.2M | 20x | as long as short |
| KuCoin MAGMAUSDTM | +0.0100% | 4h | 0.2321 | −0.361% | $270K | $30K | 20x | as long as short |
| Variational Omni MAGMA | +0.0100% | 4h | 0.2332 | +0.116% | $11K | $3K | — | as long as short |
| Bitget MAGMAUSDT | +0.0194% | 4h | 0.2330 | +0.013% | $2.3M | $958K | 20x | as long as short |
| BingX MAGMA-USDTshort | +0.0270% | 4h | 0.2331 | +0.056% | — | $1.3M | — | |
| MEXC MAGMA_USDT | +0.0276% | 4h | 0.2330 | +0.013% | $11.5M | $264K | 50x | as long as short |
| Extended MAGMA-USD | +0.0280% | 1h | 0.2331 | +0.065% | $980 | — | 5x | as long as short |
| Binance MAGMAUSDTlong | +0.0282% | 4h | 0.2329 | long leg | $4.6M | $7.2M | 20x | |
| Gate MAGMA_USDT | +0.0342% | 4h | 0.2332 | +0.116% | $981K | $252K | 20x | as long as short |
| Aster MAGMAUSDT | +0.0373% | 4h | 0.2334 | +0.202% | $1.4M | $414K | 5x | as long as short |
Bybit MAGMAUSDT
KuCoin MAGMAUSDTM
Variational Omni MAGMA
Bitget MAGMAUSDT
MEXC MAGMA_USDT
Extended MAGMA-USD
Gate MAGMA_USDT
Aster MAGMAUSDT