Funding you earn now, next payment 04:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.45 per $10,000 · paid last 24h +0.015%
Price spread now: Bitget against Bybit+0.073%7-day average +0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as in the Price arb table
costs, in and out, $10k−$1641.641% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 7 days+0.054%+$5 · spread now +0.073%, 7d avg +0.133%
=Funding pays, the price is against you. Bitget is 0.060% cheaper against Bybit than usual: you would sell low and buy high (spread +0.073% now, against its 7-day average of +0.133%). If the spread goes back, that is −$6 on $10k: about 2.2 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.016% in total) that is about 26 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MAGMAUSDT | 0.2330 | 0.0100 | pay 0.0050% / 4h | 28m 32s | $1.7M | $1.2M | 20x |
| Short | Bitget MAGMAUSDT | 0.2332 | 0.0190 | get 0.0095% / 4h | 28m 32s | $2.3M | $958K | 20x |
Bybit MAGMAUSDT
Bitget MAGMAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- $18.9
- Price spread: +0.073% → +0.133%
- −$6.04
- Slippage, 4 orders
- −$141.11
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$151.24
- Costs to cover
- 1.641%
- Break-even
- 63.0 days
Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 4 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, 3 min ago | 2.14 bp | 52.4 bp −$52 | 1034.9 bp −$10.3K | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 5.57 bp | 23.5 bp −$24 | 102.6 bp −$1,026 | 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 MAGMAUSDTlong | +0.0100% | 4h | 0.2330 | long leg | $1.7M | $1.2M | 20x | |
| KuCoin MAGMAUSDTM | +0.0100% | 4h | 0.2321 | −0.386% | $270K | $30K | 20x | as long as short |
| Variational Omni MAGMA | +0.0100% | 4h | 0.2332 | +0.090% | $11K | $3K | — | as long as short |
| Bitget MAGMAUSDTshort | +0.0190% | 4h | 0.2332 | +0.073% | $2.3M | $958K | 20x | |
| BingX MAGMA-USDT | +0.0224% | 4h | 0.2333 | +0.133% | — | $1.3M | — | as long as short |
| MEXC MAGMA_USDT | +0.0270% | 4h | 0.2333 | +0.124% | $11.5M | $263K | 50x | as long as short |
| Extended MAGMA-USD | +0.0272% | 1h | 0.2333 | +0.138% | $980 | — | 5x | as long as short |
| Binance MAGMAUSDT | +0.0278% | 4h | 0.2333 | +0.146% | $4.6M | $7.2M | 20x | as long as short |
| Gate MAGMA_USDT | +0.0336% | 4h | 0.2339 | +0.391% | $983K | $252K | 20x | as long as short |
| Aster MAGMAUSDT | +0.0357% | 4h | 0.2334 | +0.176% | $1.4M | $414K | 5x | as long as short |
KuCoin MAGMAUSDTM
Variational Omni MAGMA
BingX MAGMA-USDT
MEXC MAGMA_USDT
Extended MAGMA-USD
Binance MAGMAUSDT
Gate MAGMA_USDT
Aster MAGMAUSDT