MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0192%/8h= +21.0% APRnext payment +$0.96 per $10,000 · paid last 24h +0.034%

Price spread now: BingX against KuCoin+0.409%7-day average +0.157% · you sell dearer than you buy

Net, funding: paid 7d − costs−$258as in the Funding arb table

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$2432.433% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$14 on $10k

Price spread, last 4 days (all we have)−0.382%−$38 · spread now +0.409%, 7d avg +0.157%

Together, before fees−0.526%−$53 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BingX is 0.252% dearer against KuCoin than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.157%. Mind the row above: over the last 7 days funding on this pair cost −0.145%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MAGMAUSDTM	0.2349	0.0100	pay 0.0050% / 4h	3h 30m	$274K	$31K	20x
Short	BingX MAGMA-USDT	0.2359	0.0292	get 0.0146% / 4h	3h 30m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now +0.409%Rate

Funding earned: $40.32
Price spread: +0.409% → +0.157%: $25.16
Slippage, 4 orders: −$221.34
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$177.85
Costs to cover: 2.433%
Break-even: 37.9 days

Slippage from KuCoin: live order book, 41 min ago; BingX: live order book, 1 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 KuCoin live order book, 41 min ago	23.74 bp	111.3 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	3.82 bp	22.1 bp −$22	93.5 bp −$935	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
Bybit MAGMAUSDT	+0.0100%	4h	0.2356	+0.298%	$1.7M	$1.2M	20x	as long as short
KuCoin MAGMAUSDTMlong	+0.0100%	4h	0.2349	long leg	$274K	$31K	20x
Variational Omni MAGMA	+0.0100%	4h	0.2355	+0.263%	$11K	$3K	—	as long as short
Bitget MAGMAUSDT	+0.0192%	4h	0.2359	+0.409%	$2.3M	$965K	20x	as long as short
BingX MAGMA-USDTshort	+0.0292%	4h	0.2359	+0.409%	—	$1.4M	—
Gate MAGMA_USDT	+0.0298%	4h	0.2359	+0.439%	$993K	$262K	20x	as long as short
Extended MAGMA-USD	+0.0312%	1h	0.2358	+0.396%	$990	—	5x	as long as short
MEXC MAGMA_USDT	+0.0312%	4h	0.2359	+0.426%	$11.7M	$267K	50x	as long as short
Binance MAGMAUSDT	+0.0315%	4h	0.2356	+0.311%	$4.6M	$7.3M	20x	as long as short
Aster MAGMAUSDT	+0.0762%	4h	0.2351	+0.094%	$1.4M	$420K	5x	as long as short