MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0258%/8h= −28.3% APRnext payment −$1.29 per $10,000 · paid last 24h −0.029%

Price spread now: KuCoin against Gate−0.079%7-day average −0.172% · you buy dearer than you sell

Net, funding: paid 7d − costs−$333as in the Funding arb table

Net, price: spread back to 7d avg − costs−$342as in the Price arb table

costs, in and out, $10k−$3513.515% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.182%+$18 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.079%, 7d avg −0.172%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.093% dearer against Gate than usual: you sell high and buy low (spread −0.079% now, against its 7-day average of −0.172%): +$9 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 29 hours. Mind the row above: over the last 7 days funding on this pair paid +0.182%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MAGMA_USDT	0.2526	0.0358	pay 0.0179% / 4h	1h 30m	$1.0M	$295K	20x
Short	KuCoin MAGMAUSDTM	0.2524	0.0100	get 0.0050% / 4h	1h 30m	$329K	$49K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$54.18
Price spread: −0.079% → −0.172%: $9.26
Slippage, 4 orders: −$324.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$396.38
Costs to cover: 3.515%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; KuCoin: live order book, 4 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, 5 min ago	11.92 bp	78.9 bp −$79	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	40.62 bp	102.0 bp −$102	doesn't fit	doesn't fit	doesn't fit

MAGMA on 10 exchanges

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 MAGMAUSDTMshort	+0.0100%	4h	0.2524	−0.079%	$329K	$49K	20x
Gate MAGMA_USDTlong	+0.0358%	4h	0.2526	long leg	$1.0M	$295K	20x
Bybit MAGMAUSDT	+0.0431%	4h	0.2531	+0.198%	$1.8M	$1.6M	20x	as long as short
Variational Omni MAGMA	+0.0445%	4h	0.2523	−0.087%	$12K	$3K	—	as long as short
Bitget MAGMAUSDT	+0.0496%	4h	0.2534	+0.344%	$2.5M	$1.1M	20x	as long as short
Extended MAGMA-USD	+0.0776%	1h	0.2528	+0.096%	$1K	—	5x	as long as short
MEXC MAGMA_USDT	+0.0776%	4h	0.2532	+0.238%	$12.7M	$344K	50x	as long as short
Binance MAGMAUSDT	+0.0778%	4h	0.2529	+0.127%	$4.6M	$9.1M	20x	as long as short
BingX MAGMA-USDT	+0.0788%	4h	0.2532	+0.245%	—	$1.4M	—	as long as short
Aster MAGMAUSDT	+0.1162%	4h	0.2527	+0.045%	$1.5M	$362K	5x	as long as short