MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0130%/8h= −14.2% APRnext payment −$0.65 per $10,000 · paid last 24h −0.024%

Price spread now: Bybit against BingX−0.079%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$184as in the Price arb table

costs, in and out, $10k−$1831.831% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.079%, 7d avg −0.069%

Together, before fees−0.064%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.069%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MAGMA-USDT	0.2288	0.0230	pay 0.0115% / 4h	2h 07m	—	$1.4M	—
Short	Bybit MAGMAUSDT	0.2286	0.0100	get 0.0050% / 4h	2h 07m	$1.6M	$1.1M	20x

Funding history

latest

Range statsloading…

Bybit against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersPrice spread, now −0.079%Rate

Slippage from BingX: live order book, 8 min ago; Bybit: live order book, 4 min ago.

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, 8 min ago	3.91 bp	30.7 bp −$31	294.2 bp −$2,942	887.3 bp −$88.7K	992.7 bp −$496.3K
Sell Bybit live order book, 4 min ago	2.18 bp	58.5 bp −$59	525.0 bp −$5,250	doesn't fit	doesn't fit

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
Aster MAGMAUSDT	+0.0100%	4h	0.2287	−0.032%	$1.4M	$352K	5x	as long as short
Bybit MAGMAUSDTshort	+0.0100%	4h	0.2286	−0.079%	$1.6M	$1.1M	20x
KuCoin MAGMAUSDTM	+0.0100%	4h	0.2286	−0.096%	$266K	$31K	20x	as long as short
Bitget MAGMAUSDT	+0.0100%	4h	0.2289	+0.052%	$2.2M	$936K	20x	as long as short
Variational Omni MAGMA	+0.0100%	4h	0.2296	+0.345%	$11K	$3K	—	as long as short
Gate MAGMA_USDT	+0.0194%	4h	0.2291	+0.135%	$964K	$246K	20x	as long as short
Binance MAGMAUSDT	+0.0207%	4h	0.2287	−0.052%	$4.5M	$7.1M	20x	as long as short
Extended MAGMA-USD	+0.0208%	1h	0.2288	−0.008%	$965	—	5x	as long as short
MEXC MAGMA_USDT	+0.0208%	4h	0.2288	0.000%	$11.3M	$274K	50x	as long as short
BingX MAGMA-USDTlong	+0.0230%	4h	0.2288	long leg	—	$1.4M	—