Settings8H · net · $10k
Funding arb · Price arb /

MAGMA

all MAGMA markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.202%
Price spread now: Aster against Bybit+0.032%7-day average +0.172% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$185as in the Price arb table
costs, in and out, $10k−$1711.705% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.659%+$66 on $10k
Price spread, last 7 days−0.109%−$11 · spread now +0.032%, 7d avg +0.172%
Together, before fees+0.550%+ Points / potential airdropAster: Stage 5 · farm board+$55 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: Aster is 0.140% cheaper against Bybit than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.172%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MAGMAUSDT0.22700.0100pay 0.0050% / 4h29m 58s$1.7M$1.1M20x
ShortAster MAGMAUSDT0.22710.0100get 0.0050% / 4h29m 58s$1.3M$354K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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

Funding earned
$0
Price spread: +0.032% → +0.172%
−$14.01
Slippage, 4 orders
−$151.53
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$184.54
Costs to cover
1.705%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; Aster: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago2.20 bp57.1 bp −$571108.5 bp −$11.1Kdoesn't fitdoesn't fit
Sell Aster live order book, 3 min ago4.41 bp24.0 bp −$24doesn't fitdoesn't fitdoesn't fit

MAGMA on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MAGMAUSDTshort+0.0100%4h0.2271+0.032%$1.3M$354K5x
Binance MAGMAUSDT+0.0100%4h0.2273+0.120%$4.5M$6.9M20xas long as short
Bybit MAGMAUSDTlong+0.0100%4h0.2270long leg$1.7M$1.1M20x
Gate MAGMA_USDT+0.0100%4h0.2272+0.079%$959K$228K20xas long as short
MEXC MAGMA_USDT+0.0100%4h0.2272+0.101%$11.2M$269K50xas long as short
KuCoin MAGMAUSDTM+0.0100%4h0.2267−0.115%$264K$31K20xas long as short
Bitget MAGMAUSDT+0.0100%4h0.2273+0.132%$2.2M$899K20xas long as short
BingX MAGMA-USDT+0.0100%4h0.2272+0.101%$1.4Mas long as short
Variational Omni MAGMA+0.0100%4h0.2270−0.003%$11K$3Kas long as short
Extended MAGMA-USD+0.0104%1h0.2272+0.104%$9555xas long as short