Funding you earn now, next payment 08:00 UTC−0.0201%/8h= −22.0% APRnext payment −$1.00 per $10,000 · paid last 24h −0.004%
Price spread now: Bitget against Binance+0.055%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$990.988% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 7 days−0.107%−$11 · spread now +0.055%, 7d avg +0.043%
=The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.00 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MAGMAUSDT | 0.2376 | 0.0523 | pay 0.0261% / 4h | 2h 41m | $4.6M | $7.4M | 20x |
| Short | Bitget MAGMAUSDT | 0.2377 | 0.0322 | get 0.0161% / 4h | 2h 41m | $2.3M | $970K | 20x |
Binance MAGMAUSDT
Bitget MAGMAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$42.13
- Price spread: +0.055% → +0.043%
- $1.21
- Slippage, 4 orders
- −$76.78
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$139.7
- Costs to cover
- 0.988%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Bitget: live order book, 1 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, 13 min ago | 1.68 bp | 29.5 bp −$30 | 391.3 bp −$3,913 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 5.88 bp | 19.8 bp −$20 | 85.5 bp −$855 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MAGMAUSDTM | +0.0100% | 4h | 0.2377 | +0.063% | $277K | $36K | 20x | as long as short |
| Variational Omni MAGMA | +0.0100% | 4h | 0.2378 | +0.069% | $12K | $3K | — | as long as short |
| Bybit MAGMAUSDT | +0.0211% | 4h | 0.2375 | −0.042% | $1.7M | $1.2M | 20x | as long as short |
| Bitget MAGMAUSDTshort | +0.0322% | 4h | 0.2377 | +0.055% | $2.3M | $970K | 20x | |
| Gate MAGMA_USDT | +0.0414% | 4h | 0.2383 | +0.299% | $1.0M | $265K | 20x | as long as short |
| BingX MAGMA-USDT | +0.0488% | 4h | 0.2377 | +0.034% | — | $1.4M | — | as long as short |
| MEXC MAGMA_USDT | +0.0514% | 4h | 0.2377 | +0.038% | $11.8M | $280K | 50x | as long as short |
| Extended MAGMA-USD | +0.0520% | 1h | 0.2379 | +0.105% | $1K | — | 5x | as long as short |
| Binance MAGMAUSDTlong | +0.0523% | 4h | 0.2376 | long leg | $4.6M | $7.4M | 20x | |
| Aster MAGMAUSDT | +0.1085% | 4h | 0.2380 | +0.174% | $1.4M | $420K | 5x | as long as short |
KuCoin MAGMAUSDTM
Variational Omni MAGMA
Bybit MAGMAUSDT
Gate MAGMA_USDT
BingX MAGMA-USDT
MEXC MAGMA_USDT
Extended MAGMA-USD
Aster MAGMAUSDT