Funding you earn now, next payment 12:00 UTC+0.0292%/8h= +32.0% APRnext payment +$1.46 per $10,000 · paid last 24h +0.030%
Price spread now: Bitget against KuCoin−0.057%7-day average +0.231% · you buy dearer than you sell
Net, funding: paid 7d − costs−$266as in the Funding arb table
Net, price: spread back to 7d avg − costs−$277as in the Price arb table
costs, in and out, $10k−$2482.479% of the position
Funding, last 7 days−0.180%−$18 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.057%, 7d avg +0.231%
=Funding pays, the price is against you. Bitget is 0.288% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of +0.231%). If the spread goes back, that is −$29 on $10k: about 3.3 days of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.180%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.180% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MAGMAUSDTM | 0.2445 | 0.0100 | pay 0.0050% / 4h | 3h 13m | $302K | $44K | 20x |
| Short | Bitget MAGMAUSDT | 0.2443 | 0.0392 | get 0.0196% / 4h | 3h 13m | $2.4M | $988K | 20x |
KuCoin MAGMAUSDTM
Bitget MAGMAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. 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
- $61.32
- Price spread: −0.057% → +0.231%
- −$28.79
- Slippage, 4 orders
- −$223.9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$215.37
- Costs to cover
- 2.479%
- Break-even
- 31.6 days
Slippage from KuCoin: live order book, 9 min ago; Bitget: 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 KuCoin live order book, 9 min ago | 43.07 bp | 102.7 bp −$103 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 6.71 bp | 26.5 bp −$27 | 98.4 bp −$984 | 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 MAGMAUSDTMlong | +0.0100% | 4h | 0.2445 | long leg | $302K | $44K | 20x | |
| Variational Omni MAGMA | +0.0264% | 4h | 0.2462 | +0.693% | $12K | $3K | — | as long as short |
| Bitget MAGMAUSDTshort | +0.0392% | 4h | 0.2443 | −0.057% | $2.4M | $988K | 20x | |
| BingX MAGMA-USDT | +0.0694% | 4h | 0.2441 | −0.143% | — | $1.3M | — | as long as short |
| Bybit MAGMAUSDT | +0.0755% | 4h | 0.2440 | −0.192% | $1.7M | $1.4M | 20x | as long as short |
| Binance MAGMAUSDT | +0.0757% | 4h | 0.2440 | −0.204% | $4.6M | $8.2M | 20x | as long as short |
| Extended MAGMA-USD | +0.0760% | 1h | 0.2439 | −0.235% | $1K | — | 5x | as long as short |
| MEXC MAGMA_USDT | +0.0764% | 4h | 0.2443 | −0.061% | $12.2M | $312K | 50x | as long as short |
| Gate MAGMA_USDT | +0.0914% | 4h | 0.2442 | −0.131% | $1.0M | $278K | 20x | as long as short |
| Aster MAGMAUSDT | +0.1247% | 4h | 0.2440 | −0.192% | $1.4M | $389K | 5x | as long as short |
Variational Omni MAGMA
BingX MAGMA-USDT
Bybit MAGMAUSDT
Binance MAGMAUSDT
Extended MAGMA-USD
MEXC MAGMA_USDT
Gate MAGMA_USDT
Aster MAGMAUSDT