Funding you earn now, next payment 12:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: MEXC against Binance+0.012%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1061.061% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 7 days+0.006%+$1 · spread now +0.012%, 7d avg +0.006%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MAGMAUSDT | 0.2532 | 0.0778 | pay 0.0389% / 4h | 1h 30m | $4.7M | $9.1M | 20x |
| Short | MEXC MAGMA_USDT | 0.2532 | 0.0776 | get 0.0388% / 4h | 1h 30m | $12.7M | $344K | 50x |
Binance MAGMAUSDT
MEXC MAGMA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$0.34
- Price spread: +0.012% → +0.006%
- $0.63
- Slippage, 4 orders
- −$92.13
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$105.85
- Costs to cover
- 1.061%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; MEXC: 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, 2 min ago | 1.59 bp | 28.9 bp −$29 | 378.4 bp −$3,784 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.40 bp | 22.7 bp −$23 | 65.2 bp −$652 | 555.6 bp −$55.6K | doesn't fit |
MAGMA on 10 exchanges
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 | 0.2524 | −0.335% | $329K | $49K | 20x | as long as short |
| Gate MAGMA_USDT | +0.0358% | 4h | 0.2526 | −0.256% | $1.0M | $295K | 20x | as long as short |
| Bybit MAGMAUSDT | +0.0431% | 4h | 0.2531 | −0.059% | $1.8M | $1.6M | 20x | as long as short |
| Variational Omni MAGMA | +0.0445% | 4h | 0.2523 | −0.343% | $12K | $3K | — | as long as short |
| Bitget MAGMAUSDT | +0.0496% | 4h | 0.2535 | +0.123% | $2.5M | $1.1M | 20x | as long as short |
| Extended MAGMA-USD | +0.0776% | 1h | 0.2528 | −0.161% | $1K | — | 5x | as long as short |
| MEXC MAGMA_USDTshort | +0.0776% | 4h | 0.2532 | +0.012% | $12.7M | $344K | 50x | |
| Binance MAGMAUSDTlong | +0.0778% | 4h | 0.2532 | long leg | $4.7M | $9.1M | 20x | |
| BingX MAGMA-USDT | +0.0788% | 4h | 0.2532 | −0.011% | — | $1.4M | — | as long as short |
| Aster MAGMAUSDT | +0.1162% | 4h | 0.2526 | −0.234% | $1.5M | $362K | 5x | as long as short |
KuCoin MAGMAUSDTM
Gate MAGMA_USDT
Bybit MAGMAUSDT
Variational Omni MAGMA
Bitget MAGMAUSDT
Extended MAGMA-USD
BingX MAGMA-USDT
Aster MAGMAUSDT