MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.44 per $10,000 · paid last 24h −0.003%

Price spread now: MEXC against Bitget+0.107%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$960.960% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 7 days−0.073%−$7 · spread now +0.107%, 7d avg −0.036%

Together, before fees−0.047%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.143% dearer against Bitget than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MAGMAUSDT	0.2330	0.0194	pay 0.0097% / 4h	26m 46s	$2.3M	$958K	20x
Short	MEXC MAGMA_USDT	0.2332	0.0282	get 0.0141% / 4h	26m 46s	$11.5M	$264K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.107%Rate

Funding earned: $18.48
Price spread: +0.107% → −0.036%: $14.32
Slippage, 4 orders: −$80.03
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$63.23
Costs to cover: 0.960%
Break-even: 31.0 days

Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, 1 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, 5 min ago	5.57 bp	29.7 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.36 bp	26.2 bp −$26	70.5 bp −$705	272.6 bp −$27.3K	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	0.2329	−0.030%	$1.7M	$1.2M	20x	as long as short
KuCoin MAGMAUSDTM	+0.0100%	4h	0.2321	−0.373%	$270K	$30K	20x	as long as short
Variational Omni MAGMA	+0.0100%	4h	0.2332	+0.103%	$11K	$3K	—	as long as short
Bitget MAGMAUSDTlong	+0.0194%	4h	0.2330	long leg	$2.3M	$958K	20x
BingX MAGMA-USDT	+0.0270%	4h	0.2331	+0.077%	—	$1.3M	—	as long as short
Extended MAGMA-USD	+0.0280%	1h	0.2330	+0.007%	$980	—	5x	as long as short
MEXC MAGMA_USDTshort	+0.0282%	4h	0.2332	+0.107%	$11.5M	$264K	50x
Binance MAGMAUSDT	+0.0282%	4h	0.2332	+0.114%	$4.6M	$7.2M	20x	as long as short
Gate MAGMA_USDT	+0.0342%	4h	0.2332	+0.103%	$981K	$252K	20x	as long as short
Aster MAGMAUSDT	+0.0386%	4h	0.2334	+0.189%	$1.4M	$414K	5x	as long as short