MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0303%/8h= +33.2% APRnext payment +$1.51 per $10,000 · paid last 24h +0.022%

Price spread now: MEXC against Bybit−0.013%7-day average +0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1491.491% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days+0.192%+$19 · spread now −0.013%, 7d avg +0.098%

Together, before fees+0.245%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.110% cheaper against Bybit than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.098%). If the spread goes back, that is −$11 on $10k: about 29 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.053% in total) that is about 15 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.053% in total (about 2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MAGMAUSDT	0.2389	0.0221	pay 0.0111% / 4h	2h 35m	$1.7M	$1.2M	20x
Short	MEXC MAGMA_USDT	0.2389	0.0524	get 0.0262% / 4h	2h 35m	$11.8M	$282K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.013%Rate

Funding earned: $63.63
Price spread: −0.013% → +0.098%: −$11.01
Slippage, 4 orders: −$134.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$96.46
Costs to cover: 1.491%
Break-even: 17.6 days

Slippage from Bybit: live order book, 6 min ago; MEXC: live order book, 3 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	2.11 bp	61.4 bp −$61	972.8 bp −$9,728	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.68 bp	16.0 bp −$16	65.0 bp −$650	577.1 bp −$57.7K	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
KuCoin MAGMAUSDTM	+0.0100%	4h	0.2384	−0.197%	$278K	$36K	20x	as long as short
Variational Omni MAGMA	+0.0100%	4h	0.2387	−0.078%	$12K	$3K	—	as long as short
Bybit MAGMAUSDTlong	+0.0221%	4h	0.2389	long leg	$1.7M	$1.2M	20x
Bitget MAGMAUSDT	+0.0330%	4h	0.2384	−0.213%	$2.3M	$970K	20x	as long as short
Gate MAGMA_USDT	+0.0448%	4h	0.2392	+0.130%	$1.0M	$265K	20x	as long as short
BingX MAGMA-USDT	+0.0492%	4h	0.2389	−0.004%	—	$1.3M	—	as long as short
MEXC MAGMA_USDTshort	+0.0524%	4h	0.2389	−0.013%	$11.8M	$282K	50x
Extended MAGMA-USD	+0.0528%	1h	0.2388	−0.032%	$1K	—	5x	as long as short
Binance MAGMAUSDT	+0.0535%	4h	0.2389	+0.009%	$4.6M	$7.4M	20x	as long as short
Aster MAGMAUSDT	+0.1107%	4h	0.2385	−0.156%	$1.4M	$420K	5x	as long as short