MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0038%/8h= +4.1% APRnext payment +$0.19 per $10,000 · paid last 24h +0.021%

Price spread now: BingX against Gate−0.209%7-day average −0.008% · 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−$211as in the Price arb table

costs, in and out, $10k−$1911.911% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.209%, 7d avg −0.008%

Together, before fees+0.162%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.201% cheaper against Gate than usual: you would sell low and buy high (spread −0.209% now, against its 7-day average of −0.008%). If the spread goes back, that is −$20 on $10k: about 18 days of funding at the current rate (+$1 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	BingX MAGMA-USDT	0.2288	0.0232	get 0.0116% / 4h	2h 07m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.209%Rate

Funding earned: $7.9
Price spread: −0.209% → −0.008%: −$20.11
Slippage, 4 orders: −$166.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$203.3
Costs to cover: 1.911%
Break-even: 187.2 days

Slippage from Gate: live order book, 59 min ago; BingX: live order book, 7 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 BingX live order book, 7 min ago	3.91 bp	30.6 bp −$31	158.3 bp −$1,583	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	−0.156%	$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	−0.253%	$266K	$31K	20x	as long as short
Bitget MAGMAUSDT	+0.0100%	4h	0.2291	−0.087%	$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 MAGMAUSDT	+0.0207%	4h	0.2288	−0.188%	$4.5M	$7.1M	20x	as long as short
Extended MAGMA-USD	+0.0208%	1h	0.2288	−0.188%	$965	—	5x	as long as short
MEXC MAGMA_USDT	+0.0208%	4h	0.2289	−0.179%	$11.3M	$274K	50x	as long as short
BingX MAGMA-USDTshort	+0.0232%	4h	0.2288	−0.209%	—	$1.4M	—