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Funding arb · Price arb /

MAGMA

all MAGMA markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.021%
Price spread now: Extended against Gate−0.109%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on GateShort on Extended
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 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding pays, the price is against you. Extended is 0.109% cheaper against Gate than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 8.3 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate MAGMA_USDT0.23200.0100pay 0.0050% / 4h1h 15m$976K$248K20x
ShortExtended MAGMA-USD0.23180.0144get 0.0018% / 1h15m 32s$970—5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$9.24
Price spread: −0.109% → 0.000%
−$10.94
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$21.7
Costs to cover
0.200%
Break-even
23.4 days
Slippage unknown: Gate: live order book, 46 min ago; Extended: no order-book sample. 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 Gate live order book, 46 min ago8.04 bp63.2 bp −$63doesn't fitdoesn't fitdoesn't fit
Sell Extended no order-book sample—————
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 MAGMAUSDT+0.0100%4h0.2317−0.129%$1.4M$352K5xas long as short
Bybit MAGMAUSDT+0.0100%4h0.2319−0.060%$1.7M$1.1M20xas long as short
Gate MAGMA_USDTlong+0.0100%4h0.2320long leg$976K$248K20x
KuCoin MAGMAUSDTM+0.0100%4h0.2309−0.478%$269K$31K20xas long as short
Bitget MAGMAUSDT+0.0100%4h0.2323+0.095%$2.2M$941K20xas long as short
Variational Omni MAGMA+0.0100%4h0.2318−0.101%$11K$3K—as long as short
Binance MAGMAUSDT+0.0143%4h0.2320−0.026%$4.6M$7.0M20xas long as short
Extended MAGMA-USDshort+0.0144%1h0.2318−0.109%$970—5x
MEXC MAGMA_USDT+0.0146%4h0.2319−0.078%$11.5M$272K50xas long as short
BingX MAGMA-USDT+0.0150%4h0.2321+0.009%—$1.4M—as long as short