Funding arb · Price arb /

MAGMA

all MAGMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Bybit against Bitget−0.026%7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1811.807% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days−0.081%−$8 · spread now −0.026%, 7d avg −0.136%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.109% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.136%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MAGMAUSDT	0.2279	0.0100	pay 0.0050% / 4h	2h 54m	$2.2M	$924K	20x
Short	Bybit MAGMAUSDT	0.2278	0.0100	get 0.0050% / 4h	2h 54m	$1.6M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.136%: $10.95
Slippage, 4 orders: −$157.72
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$169.77
Costs to cover: 1.807%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Bybit: live order book, 2 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 Bitget live order book, 2 min ago	6.55 bp	26.8 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	6.57 bp	56.7 bp −$57	573.8 bp −$5,738	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
Aster MAGMAUSDT	+0.0100%	4h	0.2280	+0.058%	$1.4M	$354K	5x	as long as short
Bybit MAGMAUSDTshort	+0.0100%	4h	0.2278	−0.026%	$1.6M	$1.1M	20x
KuCoin MAGMAUSDTM	+0.0100%	4h	0.2280	+0.031%	$265K	$31K	20x	as long as short
Bitget MAGMAUSDTlong	+0.0100%	4h	0.2279	long leg	$2.2M	$924K	20x
Variational Omni MAGMA	+0.0100%	4h	0.2281	+0.094%	$11K	$3K	—	as long as short
BingX MAGMA-USDT	+0.0126%	4h	0.2280	+0.057%	—	$1.4M	—	as long as short
Extended MAGMA-USD	+0.0128%	1h	0.2279	−0.005%	$960	—	5x	as long as short
MEXC MAGMA_USDT	+0.0128%	4h	0.2279	+0.013%	$11.3M	$271K	50x	as long as short
Binance MAGMAUSDT	+0.0130%	4h	0.2280	+0.022%	$4.5M	$7.0M	20x	as long as short
Gate MAGMA_USDT	+0.0138%	4h	0.2285	+0.259%	$961K	$237K	20x	as long as short