MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.009%

Price spread now: MEXC against Gate−0.078%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1611.611% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.078%, 7d avg −0.005%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.073% cheaper against Gate than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.005%). If the spread goes back, that is −$7 on $10k: about 5.3 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.040% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MAGMA_USDT	0.2322	0.0100	pay 0.0050% / 4h	1h 15m	$977K	$248K	20x
Short	MEXC MAGMA_USDT	0.2320	0.0146	get 0.0073% / 4h	1h 15m	$11.5M	$272K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.078%Rate

Funding earned: $9.66
Price spread: −0.078% → −0.005%: −$7.26
Slippage, 4 orders: −$142.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$158.73
Costs to cover: 1.611%
Break-even: 122.0 days

Slippage from Gate: live order book, 47 min ago; MEXC: 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, 47 min ago	8.04 bp	63.2 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.51 bp	22.1 bp −$22	68.7 bp −$687	591.6 bp −$59.2K	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	0.2319	−0.147%	$1.4M	$352K	5x	as long as short
Bybit MAGMAUSDT	+0.0100%	4h	0.2320	−0.099%	$1.7M	$1.1M	20x	as long as short
Gate MAGMA_USDTlong	+0.0100%	4h	0.2322	long leg	$977K	$248K	20x
KuCoin MAGMAUSDTM	+0.0100%	4h	0.2310	−0.525%	$269K	$31K	20x	as long as short
Bitget MAGMAUSDT	+0.0100%	4h	0.2323	+0.034%	$2.2M	$941K	20x	as long as short
Variational Omni MAGMA	+0.0100%	4h	0.2318	−0.170%	$11K	$3K	—	as long as short
Binance MAGMAUSDT	+0.0143%	4h	0.2320	−0.090%	$4.6M	$7.0M	20x	as long as short
Extended MAGMA-USD	+0.0144%	1h	0.2319	−0.113%	$970	—	5x	as long as short
MEXC MAGMA_USDTshort	+0.0146%	4h	0.2320	−0.078%	$11.5M	$272K	50x
BingX MAGMA-USDT	+0.0151%	4h	0.2320	−0.099%	—	$1.4M	—	as long as short