Funding arb · Price arb /

MAGMA

all MAGMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0270%/8h= +29.6% APRpaid last 24h +0.012%

Price spread now: Extended against Bitget−0.106%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.106% cheaper against Bitget than usual: you would sell low and buy high (spread −0.106% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 32 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MAGMAUSDT	0.2407	0.0378	pay 0.0189% / 4h	2h 00m	$2.3M	$979K	20x
Short	Extended MAGMA-USD	0.2405	0.0648	get 0.0081% / 1h	0m 01s	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.106%Rate

Funding earned: $56.7
Price spread: −0.106% → 0.000%: −$10.64
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $29.06
Costs to cover: 0.170%
Break-even: 3.4 days

Slippage unknown: Bitget: live order book, 2 min ago; Extended: no order-book sample. Net counts fees only.

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	5.80 bp	25.8 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.083%	$1.7M	$1.3M	20x	as long as short
KuCoin MAGMAUSDTM	+0.0100%	4h	0.2402	−0.228%	$280K	$36K	20x	as long as short
Variational Omni MAGMA	+0.0100%	4h	0.2404	−0.160%	$12K	$3K	—	as long as short
Gate MAGMA_USDT	+0.0326%	4h	0.2403	−0.187%	$1.0M	$271K	20x	as long as short
Bitget MAGMAUSDTlong	+0.0378%	4h	0.2407	long leg	$2.3M	$979K	20x
BingX MAGMA-USDT	+0.0614%	4h	0.2405	−0.091%	—	$1.4M	—	as long as short
Extended MAGMA-USDshort	+0.0648%	1h	0.2405	−0.106%	$1K	—	5x
Binance MAGMAUSDT	+0.0648%	4h	0.2405	−0.110%	$4.6M	$7.7M	20x	as long as short
MEXC MAGMA_USDT	+0.0654%	4h	0.2405	−0.087%	$12.0M	$302K	50x	as long as short
Aster MAGMAUSDT	+0.1222%	4h	0.2408	+0.015%	$1.4M	$421K	5x	as long as short