Funding you earn now, next payment 08:00 UTC−0.0228%/8h= −25.0% APRnext payment −$1.14 per $10,000 · paid last 24h −0.014%
Price spread now: Bitget against BingX−0.071%7-day average +0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1111.113% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 7 days+0.084%+$8 · spread now −0.071%, 7d avg +0.062%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.133% cheaper against BingX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.062%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.14 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 | BingX MAGMA-USDT | 0.2396 | 0.0588 | pay 0.0294% / 4h | 1h 43m | — | $1.3M | — |
| Short | Bitget MAGMAUSDT | 0.2394 | 0.0360 | get 0.0180% / 4h | 1h 43m | $2.3M | $985K | 20x |
BingX MAGMA-USDT
Bitget MAGMAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$47.88
- Price spread: −0.071% → +0.062%
- −$13.3
- Slippage, 4 orders
- −$89.27
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$172.45
- Costs to cover
- 1.113%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Bitget: live order book, 4 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, 3 min ago | 4.61 bp | 28.9 bp −$29 | 241.6 bp −$2,416 | 1200.5 bp −$120.1K | 1443.4 bp −$721.7K |
| Sell Bitget live order book, 4 min ago | 6.08 bp | 25.3 bp −$25 | 123.0 bp −$1,230 | 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 | 0.2395 | −0.033% | $1.7M | $1.3M | 20x | as long as short |
| KuCoin MAGMAUSDTM | +0.0100% | 4h | 0.2388 | −0.317% | $278K | $36K | 20x | as long as short |
| Variational Omni MAGMA | +0.0100% | 4h | 0.2386 | −0.401% | $12K | $3K | — | as long as short |
| Gate MAGMA_USDT | +0.0246% | 4h | 0.2396 | +0.004% | $999K | $274K | 20x | as long as short |
| Bitget MAGMAUSDTshort | +0.0360% | 4h | 0.2394 | −0.071% | $2.3M | $985K | 20x | |
| BingX MAGMA-USDTlong | +0.0588% | 4h | 0.2396 | long leg | — | $1.3M | — | |
| MEXC MAGMA_USDT | +0.0598% | 4h | 0.2396 | +0.021% | $11.9M | $301K | 50x | as long as short |
| Extended MAGMA-USD | +0.0600% | 1h | 0.2396 | +0.030% | $1K | — | 5x | as long as short |
| Binance MAGMAUSDT | +0.0605% | 4h | 0.2396 | +0.013% | $4.6M | $7.8M | 20x | as long as short |
| Aster MAGMAUSDT | +0.1150% | 4h | 0.2396 | +0.017% | $1.4M | $421K | 5x | as long as short |
Bybit MAGMAUSDT
KuCoin MAGMAUSDTM
Variational Omni MAGMA
Gate MAGMA_USDT
MEXC MAGMA_USDT
Extended MAGMA-USD
Binance MAGMAUSDT
Aster MAGMAUSDT