Funding you earn now, next payment 04:00 UTC−0.0122%/8h= −13.4% APRnext payment −$0.61 per $10,000 · paid last 24h −0.015%
Price spread now: KuCoin against Bitget−0.840%7-day average −0.226% · you buy dearer than you sell
Net, funding: paid 7d − costs−$242as in the Funding arb table
Net, price: spread back to 7d avg − costs−$323as in the Price arb table
costs, in and out, $10k−$2622.615% of the position
Funding, last 7 days+0.195%+$19 on $10k
+Price spread, last 4 days (all we have)+0.773%+$77 · spread now −0.840%, 7d avg −0.226%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.615% cheaper against Bitget than usual: you would sell low and buy high (−$61 if the spread goes back to its 7-day average of −0.226%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.195%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MAGMAUSDT | 0.2344 | 0.0222 | pay 0.0111% / 4h | 25m 22s | $2.3M | $958K | 20x |
| Short | KuCoin MAGMAUSDTM | 0.2325 | 0.0100 | get 0.0050% / 4h | 25m 22s | $271K | $30K | 20x |
Bitget MAGMAUSDT
KuCoin MAGMAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- −$25.62
- Price spread: −0.840% → −0.226%
- −$61.46
- Slippage, 4 orders
- −$237.5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$348.58
- Costs to cover
- 2.615%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 56 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 | 5.36 bp | 26.5 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 56 min ago | 37.00 bp | 98.2 bp −$98 | 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 | 0.2340 | −0.188% | $1.7M | $1.2M | 20x | as long as short |
| KuCoin MAGMAUSDTMshort | +0.0100% | 4h | 0.2325 | −0.840% | $271K | $30K | 20x | |
| Variational Omni MAGMA | +0.0100% | 4h | 0.2337 | −0.313% | $11K | $3K | — | as long as short |
| Bitget MAGMAUSDTlong | +0.0222% | 4h | 0.2344 | long leg | $2.3M | $958K | 20x | |
| BingX MAGMA-USDT | +0.0271% | 4h | 0.2342 | −0.090% | — | $1.3M | — | as long as short |
| Extended MAGMA-USD | +0.0280% | 1h | 0.2342 | −0.112% | $980 | — | 5x | as long as short |
| MEXC MAGMA_USDT | +0.0282% | 4h | 0.2342 | −0.085% | $11.6M | $264K | 50x | as long as short |
| Binance MAGMAUSDT | +0.0283% | 4h | 0.2342 | −0.085% | $4.6M | $7.2M | 20x | as long as short |
| Gate MAGMA_USDT | +0.0366% | 4h | 0.2346 | +0.081% | $987K | $253K | 20x | as long as short |
| Aster MAGMAUSDT | +0.0386% | 4h | 0.2341 | −0.141% | $1.4M | $414K | 5x | as long as short |
Bybit MAGMAUSDT
Variational Omni MAGMA
BingX MAGMA-USDT
Extended MAGMA-USD
MEXC MAGMA_USDT
Binance MAGMAUSDT
Gate MAGMA_USDT
Aster MAGMAUSDT