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

MAGMA

all MAGMA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.161%
Price spread now: Aster against Extended−0.144%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.144% cheaper against Extended than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended MAGMA-USD0.22830.0120pay 0.0015% / 1h53m 36s$9605x
ShortAster MAGMAUSDT0.22800.0100get 0.0050% / 4h2h 53m$1.4M$354K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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
−$4.2
Price spread: −0.144% → 0.000%
−$14.37
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$31.57
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; Aster: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended no order-book sample
Sell Aster live order book, 5 min ago6.33 bp25.2 bp −$25doesn't fitdoesn't fitdoesn't fit
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%4h0.2280−0.144%$1.4M$354K5x
Bybit MAGMAUSDT+0.0100%4h0.2281−0.108%$1.6M$1.1M20xas long as short
KuCoin MAGMAUSDTM+0.0100%4h0.2277−0.249%$265K$31K20xas long as short
Bitget MAGMAUSDT+0.0100%4h0.2285+0.080%$2.2M$926K20xas long as short
Variational Omni MAGMA+0.0100%4h0.2281−0.080%$11K$3Kas long as short
Binance MAGMAUSDT+0.0117%4h0.2284+0.062%$4.5M$7.0M20xas long as short
Extended MAGMA-USDlong+0.0120%1h0.2283long leg$9605x
MEXC MAGMA_USDT+0.0122%4h0.2283+0.014%$11.3M$271K50xas long as short
BingX MAGMA-USDT+0.0126%4h0.2284+0.032%$1.4Mas long as short
Gate MAGMA_USDT+0.0146%4h0.2284+0.049%$960K$237K20xas long as short