Funding you earn now, next payment 08:00 UTC−0.0230%/8h= −25.2% APRnext payment −$1.15 per $10,000 · paid last 24h −0.023%
Price spread now: KuCoin against Binance−0.098%7-day average −0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$233as in the Funding arb table
Net, price: spread back to 7d avg − costs−$243as in the Price arb table
costs, in and out, $10k−$2492.492% of the position
Funding, last 7 days+0.157%+$16 on $10k
+Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.098%, 7d avg −0.157%
=The price spread pays, funding is against you. KuCoin is 0.059% dearer against Binance than usual: you sell high and buy low (spread −0.098% now, against its 7-day average of −0.157%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 21 hours. Mind the row above: over the last 7 days funding on this pair paid +0.157%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.157% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.15 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 | 0.2351 | 0.0330 | pay 0.0165% / 4h | 3h 29m | $4.6M | $7.3M | 20x |
| Short | KuCoin MAGMAUSDTM | 0.2349 | 0.0100 | get 0.0050% / 4h | 3h 29m | $274K | $31K | 20x |
Binance MAGMAUSDT
KuCoin MAGMAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$48.3
- Price spread: −0.098% → −0.157%
- $5.91
- Slippage, 4 orders
- −$227.18
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$291.56
- Costs to cover
- 2.492%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; KuCoin: live order book, 42 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 | 1.06 bp | 26.3 bp −$26 | 369.2 bp −$3,692 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 42 min ago | 23.74 bp | 85.3 bp −$85 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MAGMAUSDTMshort | +0.0100% | 4h | 0.2349 | −0.098% | $274K | $31K | 20x | |
| Variational Omni MAGMA | +0.0100% | 4h | 0.2355 | +0.161% | $11K | $3K | — | as long as short |
| Bybit MAGMAUSDT | +0.0130% | 4h | 0.2352 | +0.030% | $1.7M | $1.2M | 20x | as long as short |
| Bitget MAGMAUSDT | +0.0204% | 4h | 0.2358 | +0.281% | $2.3M | $964K | 20x | as long as short |
| BingX MAGMA-USDT | +0.0298% | 4h | 0.2354 | +0.115% | — | $1.4M | — | as long as short |
| Extended MAGMA-USD | +0.0312% | 1h | 0.2356 | +0.193% | $990 | — | 5x | as long as short |
| MEXC MAGMA_USDT | +0.0314% | 4h | 0.2358 | +0.285% | $11.7M | $267K | 50x | as long as short |
| Binance MAGMAUSDTlong | +0.0330% | 4h | 0.2351 | long leg | $4.6M | $7.3M | 20x | |
| Gate MAGMA_USDT | +0.0366% | 4h | 0.2357 | +0.259% | $992K | $262K | 20x | as long as short |
| Aster MAGMAUSDT | +0.0780% | 4h | 0.2351 | −0.033% | $1.4M | $420K | 5x | as long as short |
Variational Omni MAGMA
Bybit MAGMAUSDT
Bitget MAGMAUSDT
BingX MAGMA-USDT
Extended MAGMA-USD
MEXC MAGMA_USDT
Gate MAGMA_USDT
Aster MAGMAUSDT