Funding arb · Price arb /

MAGMA

all MAGMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: Binance against Bybit+0.052%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1731.726% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 7 days+0.057%+$6 · spread now +0.052%, 7d avg +0.092%

Together, before fees+0.099%+$10 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: Binance is 0.039% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MAGMAUSDT	0.2290	0.0100	pay 0.0050% / 4h	3h 40m	$1.7M	$1.1M	20x
Short	Binance MAGMAUSDT	0.2291	0.0100	get 0.0050% / 4h	3h 40m	$4.5M	$6.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee BybitbpFee BinancebpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.092%: −$3.92
Slippage, 4 orders: −$151.63
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$176.55
Costs to cover: 1.726%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; Binance: live order book, 13 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 Bybit live order book, 6 min ago	2.18 bp	70.5 bp −$71	1093.3 bp −$10.9K	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.97 bp	27.3 bp −$27	268.3 bp −$2,683	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
Aster MAGMAUSDT	+0.0100%	4h	0.2291	+0.027%	$1.4M	$354K	5x	as long as short
Binance MAGMAUSDTshort	+0.0100%	4h	0.2291	+0.052%	$4.5M	$6.9M	20x
Bybit MAGMAUSDTlong	+0.0100%	4h	0.2290	long leg	$1.7M	$1.1M	20x
Gate MAGMA_USDT	+0.0100%	4h	0.2295	+0.205%	$964K	$231K	20x	as long as short
MEXC MAGMA_USDT	+0.0100%	4h	0.2292	+0.092%	$11.3M	$270K	50x	as long as short
KuCoin MAGMAUSDTM	+0.0100%	4h	0.2288	−0.074%	$266K	$31K	20x	as long as short
Bitget MAGMAUSDT	+0.0100%	4h	0.2293	+0.127%	$2.2M	$906K	20x	as long as short
BingX MAGMA-USDT	+0.0100%	4h	0.2291	+0.052%	—	$1.4M	—	as long as short
Variational Omni MAGMA	+0.0100%	4h	0.2290	+0.006%	$11K	$3K	—	as long as short
Extended MAGMA-USD	+0.0104%	1h	0.2293	+0.128%	$965	—	5x	as long as short