MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.30 per $10,000 · paid last 24h −0.010%

Price spread now: Gate against Binance+0.227%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1811.812% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.227%, 7d avg +0.008%

Together, before fees−0.128%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.220% dearer against Binance than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MAGMAUSDT	0.2331	0.0271	pay 0.0135% / 4h	29m 34s	$4.6M	$7.1M	20x
Short	Gate MAGMA_USDT	0.2336	0.0330	get 0.0165% / 4h	29m 34s	$981K	$252K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee GatebpOrdersPrice spread, now +0.227%Rate

Funding earned: $12.45
Price spread: +0.227% → +0.008%: $21.98
Slippage, 4 orders: −$156.24
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$146.81
Costs to cover: 1.812%
Break-even: 89.6 days

Slippage from Binance: live order book, 9 min ago; Gate: live order book, 27 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, 9 min ago	3.45 bp	26.9 bp −$27	408.7 bp −$4,087	doesn't fit	doesn't fit
Sell Gate live order book, 27 min ago	8.61 bp	68.1 bp −$68	doesn't fit	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	0.2330	−0.026%	$1.7M	$1.2M	20x	as long as short
KuCoin MAGMAUSDTM	+0.0100%	4h	0.2321	−0.408%	$270K	$30K	20x	as long as short
Variational Omni MAGMA	+0.0100%	4h	0.2332	+0.068%	$11K	$3K	—	as long as short
Bitget MAGMAUSDT	+0.0182%	4h	0.2329	−0.064%	$2.2M	$956K	20x	as long as short
BingX MAGMA-USDT	+0.0224%	4h	0.2331	+0.043%	—	$1.3M	—	as long as short
MEXC MAGMA_USDT	+0.0270%	4h	0.2332	+0.051%	$11.5M	$263K	50x	as long as short
Binance MAGMAUSDTlong	+0.0271%	4h	0.2331	long leg	$4.6M	$7.1M	20x
Extended MAGMA-USD	+0.0272%	1h	0.2331	+0.007%	$975	—	5x	as long as short
Gate MAGMA_USDTshort	+0.0330%	4h	0.2336	+0.227%	$981K	$252K	20x
Aster MAGMAUSDT	+0.0337%	4h	0.2335	+0.194%	$1.4M	$414K	5x	as long as short