MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.17 per $10,000 · paid last 24h −0.012%

Price spread now: MEXC against BingX−0.141%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$860.856% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days+0.221%+$22 · spread now −0.141%, 7d avg +0.026%

Together, before fees+0.208%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.167% cheaper against BingX than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of +0.026%). If the spread goes back, that is −$17 on $10k: about 16 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	0.2409	0.0614	pay 0.0307% / 4h	1h 58m	—	$1.3M	—
Short	MEXC MAGMA_USDT	0.2406	0.0648	get 0.0324% / 4h	1h 58m	$12.0M	$298K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee MEXCbpOrdersPrice spread, now −0.141%Rate

Funding earned: $7.14
Price spread: −0.141% → +0.026%: −$16.7
Slippage, 4 orders: −$71.57
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$95.13
Costs to cover: 0.856%
Break-even: 100.3 days

Slippage from BingX: live order book, 2 min ago; MEXC: live order book, 5 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, 2 min ago	3.32 bp	23.6 bp −$24	208.7 bp −$2,087	1133.9 bp −$113.4K	1383.9 bp −$691.9K
Sell MEXC live order book, 5 min ago	1.24 bp	20.6 bp −$21	59.1 bp −$591	529.3 bp −$52.9K	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	0.2405	−0.178%	$1.7M	$1.3M	20x	as long as short
KuCoin MAGMAUSDTM	+0.0100%	4h	0.2402	−0.307%	$280K	$36K	20x	as long as short
Variational Omni MAGMA	+0.0100%	4h	0.2404	−0.234%	$12K	$3K	—	as long as short
Gate MAGMA_USDT	+0.0308%	4h	0.2403	−0.253%	$1.0M	$267K	20x	as long as short
Bitget MAGMAUSDT	+0.0370%	4h	0.2410	+0.046%	$2.3M	$980K	20x	as long as short
BingX MAGMA-USDTlong	+0.0614%	4h	0.2409	long leg	—	$1.3M	—
Binance MAGMAUSDT	+0.0640%	4h	0.2405	−0.189%	$4.6M	$7.7M	20x	as long as short
Extended MAGMA-USD	+0.0648%	1h	0.2404	−0.202%	$1K	—	5x	as long as short
MEXC MAGMA_USDTshort	+0.0648%	4h	0.2406	−0.141%	$12.0M	$298K	50x
Aster MAGMAUSDT	+0.1199%	4h	0.2406	−0.114%	$1.4M	$421K	5x	as long as short