Funding you earn now, next payment 08:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.49 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Gate+0.021%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$1861.856% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.021%, 7d avg +0.063%
=Funding pays, the price is against you. Bitget is 0.042% cheaper against Gate than usual: you would sell low and buy high (spread +0.021% now, against its 7-day average of +0.063%). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.001% in total) that is about 8 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MAGMA_USDT | 0.2413 | 0.0240 | pay 0.0120% / 4h | 1h 04m | $1.0M | $276K | 20x |
| Short | Bitget MAGMAUSDT | 0.2414 | 0.0338 | get 0.0169% / 4h | 1h 04m | $2.3M | $992K | 20x |
Gate MAGMA_USDT
Bitget MAGMAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $20.58
- Price spread: +0.021% → +0.063%
- −$4.22
- Slippage, 4 orders
- −$158.6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$169.23
- Costs to cover
- 1.856%
- Break-even
- 64.6 days
Slippage from Gate: live order book, 3 min ago; Bitget: 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 Gate live order book, 3 min ago | 14.69 bp | 68.1 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.28 bp | 23.8 bp −$24 | 88.7 bp −$887 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MAGMAUSDTM | +0.0100% | 4h | 0.2403 | −0.414% | $279K | $36K | 20x | as long as short |
| Variational Omni MAGMA | +0.0100% | 4h | 0.2411 | −0.109% | $12K | $3K | — | as long as short |
| Bybit MAGMAUSDT | +0.0142% | 4h | 0.2412 | −0.050% | $1.7M | $1.3M | 20x | as long as short |
| Gate MAGMA_USDTlong | +0.0240% | 4h | 0.2413 | long leg | $1.0M | $276K | 20x | |
| Bitget MAGMAUSDTshort | +0.0338% | 4h | 0.2414 | +0.021% | $2.3M | $992K | 20x | |
| BingX MAGMA-USDT | +0.0538% | 4h | 0.2412 | −0.046% | — | $1.3M | — | as long as short |
| MEXC MAGMA_USDT | +0.0592% | 4h | 0.2412 | −0.046% | $12.0M | $307K | 50x | as long as short |
| Extended MAGMA-USD | +0.0600% | 1h | 0.2410 | −0.120% | $1K | — | 5x | as long as short |
| Binance MAGMAUSDT | +0.0602% | 4h | 0.2411 | −0.079% | $4.6M | $8.0M | 20x | as long as short |
| Aster MAGMAUSDT | +0.1143% | 4h | 0.2410 | −0.116% | $1.4M | $421K | 5x | as long as short |
KuCoin MAGMAUSDTM
Variational Omni MAGMA
Bybit MAGMAUSDT
BingX MAGMA-USDT
MEXC MAGMA_USDT
Extended MAGMA-USD
Binance MAGMAUSDT
Aster MAGMAUSDT