Funding you earn now, next payment 08:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.11 per $10,000 · paid last 24h −0.011%
Price spread now: Binance against BingX−0.013%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1081.081% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 7 days+0.089%+$9 · spread now −0.013%, 7d avg +0.020%
=Funding pays, the price is against you. Binance is 0.032% cheaper against BingX than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.020%). If the spread goes back, that is −$3 on $10k: about 4.9 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MAGMA-USDT | 0.2357 | 0.0292 | pay 0.0146% / 4h | 3h 31m | — | $1.3M | — |
| Short | Binance MAGMAUSDT | 0.2357 | 0.0314 | get 0.0157% / 4h | 3h 31m | $4.6M | $7.3M | 20x |
BingX MAGMA-USDT
Binance MAGMAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- $4.59
- Price spread: −0.013% → +0.020%
- −$3.24
- Slippage, 4 orders
- −$88.12
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$106.76
- Costs to cover
- 1.081%
- Break-even
- 169.6 days
Slippage from BingX: live order book, 14 min ago; Binance: 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 BingX live order book, 14 min ago | 4.47 bp | 26.2 bp −$26 | 177.1 bp −$1,771 | 1001.3 bp −$100.1K | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.06 bp | 26.3 bp −$26 | 287.9 bp −$2,879 | 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 | 0.2355 | −0.085% | $1.7M | $1.2M | 20x | as long as short |
| KuCoin MAGMAUSDTM | +0.0100% | 4h | 0.2349 | −0.352% | $274K | $31K | 20x | as long as short |
| Variational Omni MAGMA | +0.0100% | 4h | 0.2346 | −0.454% | $11K | $3K | — | as long as short |
| Bitget MAGMAUSDT | +0.0184% | 4h | 0.2359 | +0.072% | $2.3M | $965K | 20x | as long as short |
| Gate MAGMA_USDT | +0.0292% | 4h | 0.2356 | −0.051% | $991K | $262K | 20x | as long as short |
| BingX MAGMA-USDTlong | +0.0292% | 4h | 0.2357 | long leg | — | $1.3M | — | |
| Extended MAGMA-USD | +0.0312% | 1h | 0.2356 | −0.042% | $985 | — | 5x | as long as short |
| MEXC MAGMA_USDT | +0.0312% | 4h | 0.2356 | −0.042% | $11.7M | $267K | 50x | as long as short |
| Binance MAGMAUSDTshort | +0.0314% | 4h | 0.2357 | −0.013% | $4.6M | $7.3M | 20x | |
| Aster MAGMAUSDT | +0.0759% | 4h | 0.2350 | −0.274% | $1.4M | $420K | 5x | as long as short |
Bybit MAGMAUSDT
KuCoin MAGMAUSDTM
Variational Omni MAGMA
Bitget MAGMAUSDT
Gate MAGMA_USDT
Extended MAGMA-USD
MEXC MAGMA_USDT
Aster MAGMAUSDT