Funding you earn now, next payment 05:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.008%
Price spread now: Bitget against Extended+0.021%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Bitget is 0.021% dearer against Extended than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MAGMA-USD | 0.2357 | 0.0384 | pay 0.0048% / 1h | 12m 48s | $990 | — | 5x |
| Short | Bitget MAGMAUSDT | 0.2357 | 0.0304 | get 0.0152% / 4h | 3h 12m | $2.3M | $967K | 20x |
Extended MAGMA-USD
Bitget MAGMAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Extended. 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
- −$16.8
- Price spread: +0.021% → 0.000%
- $2.08
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$31.72
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Extended: no order-book sample; Bitget: live order book, 4 min ago. Net counts fees only.
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 Extended no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 4 min ago | 5.51 bp | 22.0 bp −$22 | 72.1 bp −$721 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MAGMAUSDTM | +0.0100% | 4h | 0.2358 | +0.059% | $275K | $36K | 20x | as long as short |
| Variational Omni MAGMA | +0.0100% | 4h | 0.2359 | +0.075% | $11K | $3K | — | as long as short |
| Bitget MAGMAUSDTshort | +0.0304% | 4h | 0.2357 | +0.021% | $2.3M | $967K | 20x | |
| MEXC MAGMA_USDT | +0.0374% | 4h | 0.2354 | −0.107% | $11.7M | $271K | 50x | as long as short |
| Binance MAGMAUSDT | +0.0383% | 4h | 0.2356 | −0.028% | $4.6M | $7.3M | 20x | as long as short |
| Extended MAGMA-USDlong | +0.0384% | 1h | 0.2357 | long leg | $990 | — | 5x | |
| Bybit MAGMAUSDT | +0.0387% | 4h | 0.2356 | −0.034% | $1.7M | $1.2M | 20x | as long as short |
| Gate MAGMA_USDT | +0.0458% | 4h | 0.2359 | +0.089% | $992K | $265K | 20x | as long as short |
| BingX MAGMA-USDT | +0.0464% | 4h | 0.2356 | −0.034% | — | $1.4M | — | as long as short |
| Aster MAGMAUSDT | +0.0900% | 4h | 0.2357 | −0.005% | $1.4M | $420K | 5x | as long as short |
KuCoin MAGMAUSDTM
Variational Omni MAGMA
MEXC MAGMA_USDT
Binance MAGMAUSDT
Bybit MAGMAUSDT
Gate MAGMA_USDT
BingX MAGMA-USDT
Aster MAGMAUSDT