Funding you earn now, next payment 08:00 UTC−0.0427%/8h= −46.7% APRnext payment −$2.13 per $10,000 · paid last 24h −0.023%
Price spread now: Bybit against Binance−0.069%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1751.751% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 7 days−0.035%−$3 · spread now −0.069%, 7d avg −0.088%
=The price spread sits at its 7-day average of −0.088%, so right now this pair is about funding alone: −$13 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 -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.13 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 | 0.2443 | 0.0636 | pay 0.0318% / 4h | 23m 40s | $4.7M | $8.0M | 20x |
| Short | Bybit MAGMAUSDT | 0.2441 | 0.0209 | get 0.0105% / 4h | 23m 40s | $1.7M | $1.3M | 20x |
Binance MAGMAUSDT
Bybit MAGMAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$89.62
- Price spread: −0.069% → −0.088%
- $1.88
- Slippage, 4 orders
- −$154.07
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$262.82
- Costs to cover
- 1.751%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 8 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, 15 min ago | 2.68 bp | 27.6 bp −$28 | 399.3 bp −$3,993 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 8 min ago | 2.06 bp | 57.1 bp −$57 | 489.9 bp −$4,899 | 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 | 0.2434 | −0.352% | $302K | $40K | 20x | as long as short |
| Variational Omni MAGMA | +0.0100% | 4h | 0.2434 | −0.350% | $12K | $3K | — | as long as short |
| Bybit MAGMAUSDTshort | +0.0209% | 4h | 0.2441 | −0.069% | $1.7M | $1.3M | 20x | |
| Gate MAGMA_USDT | +0.0278% | 4h | 0.2443 | 0.000% | $1.0M | $275K | 20x | as long as short |
| Bitget MAGMAUSDT | +0.0356% | 4h | 0.2444 | +0.045% | $2.4M | $995K | 20x | as long as short |
| BingX MAGMA-USDT | +0.0592% | 4h | 0.2443 | +0.009% | — | $1.3M | — | as long as short |
| Extended MAGMA-USD | +0.0632% | 1h | 0.2441 | −0.064% | $1K | — | 5x | as long as short |
| MEXC MAGMA_USDT | +0.0632% | 4h | 0.2441 | −0.065% | $12.2M | $307K | 50x | as long as short |
| Binance MAGMAUSDTlong | +0.0636% | 4h | 0.2443 | long leg | $4.7M | $8.0M | 20x | |
| Aster MAGMAUSDT | +0.1120% | 4h | 0.2442 | −0.032% | $1.4M | $407K | 5x | as long as short |
KuCoin MAGMAUSDTM
Variational Omni MAGMA
Gate MAGMA_USDT
Bitget MAGMAUSDT
BingX MAGMA-USDT
Extended MAGMA-USD
MEXC MAGMA_USDT
Aster MAGMAUSDT