Funding you earn now, next payment 04:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.010%
Price spread now: Binance against Gate−0.100%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$1901.901% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.100%, 7d avg −0.007%
=Funding pays, the price is against you. Binance is 0.093% cheaper against Gate than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.007%). If the spread goes back, that is −$9 on $10k: about 25 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MAGMA_USDT | 0.2293 | 0.0194 | pay 0.0097% / 4h | 2h 07m | $964K | $246K | 20x |
| Short | Binance MAGMAUSDT | 0.2291 | 0.0207 | get 0.0103% / 4h | 2h 07m | $4.5M | $7.1M | 20x |
Gate MAGMA_USDT
Binance MAGMAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $2.65
- Price spread: −0.100% → −0.007%
- −$9.34
- Slippage, 4 orders
- −$165.08
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$196.78
- Costs to cover
- 1.901%
- Break-even
- 526.7 days
Slippage from Gate: live order book, 59 min ago; Binance: live order book, 16 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 Gate live order book, 59 min ago | 14.54 bp | 62.8 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 1.52 bp | 32.6 bp −$33 | 297.9 bp −$2,979 | 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 | 0.2289 | −0.152% | $1.4M | $352K | 5x | as long as short |
| Bybit MAGMAUSDT | +0.0100% | 4h | 0.2287 | −0.240% | $1.6M | $1.1M | 20x | as long as short |
| KuCoin MAGMAUSDTM | +0.0100% | 4h | 0.2287 | −0.249% | $266K | $31K | 20x | as long as short |
| Bitget MAGMAUSDT | +0.0100% | 4h | 0.2292 | −0.022% | $2.2M | $936K | 20x | as long as short |
| Variational Omni MAGMA | +0.0100% | 4h | 0.2296 | +0.144% | $11K | $3K | — | as long as short |
| Gate MAGMA_USDTlong | +0.0194% | 4h | 0.2293 | long leg | $964K | $246K | 20x | |
| Binance MAGMAUSDTshort | +0.0207% | 4h | 0.2291 | −0.100% | $4.5M | $7.1M | 20x | |
| Extended MAGMA-USD | +0.0208% | 1h | 0.2288 | −0.188% | $965 | — | 5x | as long as short |
| MEXC MAGMA_USDT | +0.0208% | 4h | 0.2291 | −0.092% | $11.3M | $274K | 50x | as long as short |
| BingX MAGMA-USDT | +0.0238% | 4h | 0.2289 | −0.183% | — | $1.4M | — | as long as short |
Aster MAGMAUSDT
Bybit MAGMAUSDT
KuCoin MAGMAUSDTM
Bitget MAGMAUSDT
Variational Omni MAGMA
Extended MAGMA-USD
MEXC MAGMA_USDT
BingX MAGMA-USDT