MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.62 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bitget+0.098%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$206as in the Funding arb table

Net, price: spread back to 7d avg − costs−$190as in the Price arb table

costs, in and out, $10k−$2062.061% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.098%, 7d avg −0.063%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Gate is 0.160% dearer against Bitget than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MAGMAUSDT	0.2354	0.0182	pay 0.0091% / 4h	3h 33m	$2.3M	$964K	20x
Short	Gate MAGMA_USDT	0.2356	0.0306	get 0.0153% / 4h	3h 33m	$992K	$261K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.098%Rate

Funding earned: $26.04
Price spread: +0.098% → −0.063%: $16.03
Slippage, 4 orders: −$179.08
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$164
Costs to cover: 2.061%
Break-even: 51.1 days

Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 18 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, 4 min ago	4.04 bp	25.0 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 18 min ago	13.18 bp	76.1 bp −$76	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	0.2354	+0.013%	$1.7M	$1.2M	20x	as long as short
KuCoin MAGMAUSDTM	+0.0100%	4h	0.2348	−0.272%	$273K	$31K	20x	as long as short
Variational Omni MAGMA	+0.0100%	4h	0.2346	−0.340%	$11K	$3K	—	as long as short
Bitget MAGMAUSDTlong	+0.0182%	4h	0.2354	long leg	$2.3M	$964K	20x
Extended MAGMA-USD	+0.0288%	1h	0.2354	−0.006%	$985	—	5x	as long as short
BingX MAGMA-USDT	+0.0288%	4h	0.2357	+0.127%	—	$1.3M	—	as long as short
MEXC MAGMA_USDT	+0.0290%	4h	0.2356	+0.076%	$11.7M	$266K	50x	as long as short
Binance MAGMAUSDT	+0.0303%	4h	0.2356	+0.071%	$4.6M	$7.3M	20x	as long as short
Gate MAGMA_USDTshort	+0.0306%	4h	0.2356	+0.098%	$992K	$261K	20x
Aster MAGMAUSDT	+0.0739%	4h	0.2349	−0.202%	$1.4M	$420K	5x	as long as short