Funding you earn now, next payment 04:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.44 per $10,000 · paid last 24h −0.021%
Price spread now: Gate against BingX+0.254%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1831.834% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)−0.220%−$22 · spread now +0.254%, 7d avg +0.008%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.246% dearer against BingX than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.008%. Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MAGMA-USDT | 0.2327 | 0.0224 | pay 0.0112% / 4h | 30m 27s | — | $1.3M | — |
| Short | Gate MAGMA_USDT | 0.2333 | 0.0312 | get 0.0156% / 4h | 30m 27s | $980K | $251K | 20x |
BingX MAGMA-USDT
Gate MAGMA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $18.48
- Price spread: +0.254% → +0.008%
- $24.56
- Slippage, 4 orders
- −$158.42
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$140.39
- Costs to cover
- 1.834%
- Break-even
- 60.2 days
Slippage from BingX: live order book, just now; Gate: live order book, 26 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, just now | 3.65 bp | 29.6 bp −$30 | 136.3 bp −$1,363 | 1036.9 bp −$103.7K | doesn't fit |
| Sell Gate live order book, 26 min ago | 8.61 bp | 68.1 bp −$68 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MAGMAUSDT | +0.0100% | 4h | 0.2324 | −0.146% | $1.7M | $1.2M | 20x | as long as short |
| KuCoin MAGMAUSDTM | +0.0100% | 4h | 0.2321 | −0.275% | $270K | $30K | 20x | as long as short |
| Variational Omni MAGMA | +0.0100% | 4h | 0.2332 | +0.202% | $11K | $3K | — | as long as short |
| Bitget MAGMAUSDT | +0.0178% | 4h | 0.2329 | +0.064% | $2.2M | $956K | 20x | as long as short |
| BingX MAGMA-USDTlong | +0.0224% | 4h | 0.2327 | long leg | — | $1.3M | — | |
| MEXC MAGMA_USDT | +0.0254% | 4h | 0.2331 | +0.146% | $11.5M | $263K | 50x | as long as short |
| Extended MAGMA-USD | +0.0256% | 1h | 0.2328 | +0.019% | $975 | — | 5x | as long as short |
| Binance MAGMAUSDT | +0.0271% | 4h | 0.2325 | −0.103% | $4.5M | $7.1M | 20x | as long as short |
| Aster MAGMAUSDT | +0.0312% | 4h | 0.2330 | +0.112% | $1.4M | $411K | 5x | as long as short |
| Gate MAGMA_USDTshort | +0.0312% | 4h | 0.2333 | +0.254% | $980K | $251K | 20x |
Bybit MAGMAUSDT
KuCoin MAGMAUSDTM
Variational Omni MAGMA
Bitget MAGMAUSDT
MEXC MAGMA_USDT
Extended MAGMA-USD
Binance MAGMAUSDT
Aster MAGMAUSDT