Funding you earn now, next payment 12:00 UTC+0.0853%/8h= +93.4% APRnext payment +$4.26 per $10,000 · paid last 24h +0.006%
Price spread now: Bybit against KuCoin+0.054%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$343as in the Funding arb table
Net, price: spread back to 7d avg − costs−$326as in the Price arb table
costs, in and out, $10k−$3223.223% of the position
Funding, last 7 days−0.205%−$20 on $10k
+Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.054%, 7d avg +0.090%
=Funding pays, the price is against you. Bybit is 0.036% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.054% now, against its 7-day average of +0.090%). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$26 a day). Mind the row above: over the last 7 days funding on this pair cost −0.205%, 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 -0.205% in total (about -10.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.26 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 | 0.2423 | 0.0100 | pay 0.0050% / 4h | 3h 51m | $301K | $40K | 20x |
| Short | Bybit MAGMAUSDT | 0.2424 | 0.0953 | get 0.0476% / 4h | 3h 51m | $1.7M | $1.4M | 20x |
KuCoin MAGMAUSDTM
Bybit MAGMAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $179.11
- Price spread: +0.054% → +0.090%
- −$3.62
- Slippage, 4 orders
- −$299.32
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$146.83
- Costs to cover
- 3.223%
- Break-even
- 12.7 days
Slippage from KuCoin: live order book, 41 min ago; Bybit: live order book, 5 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 | 44.56 bp | 96.8 bp −$97 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 6.20 bp | 64.5 bp −$65 | 490.7 bp −$4,907 | 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 | 0.2423 | long leg | $301K | $40K | 20x | |
| Variational Omni MAGMA | +0.0114% | 4h | 0.2417 | −0.252% | $12K | $3K | — | as long as short |
| Bitget MAGMAUSDT | +0.0308% | 4h | 0.2427 | +0.165% | $2.4M | $1.0M | 20x | as long as short |
| MEXC MAGMA_USDT | +0.0638% | 4h | 0.2425 | +0.087% | $12.1M | $309K | 50x | as long as short |
| Extended MAGMA-USD | +0.0640% | 1h | 0.2424 | +0.059% | $1K | — | 5x | as long as short |
| Binance MAGMAUSDT | +0.0640% | 4h | 0.2425 | +0.087% | $4.6M | $8.2M | 20x | as long as short |
| Gate MAGMA_USDT | +0.0840% | 4h | 0.2429 | +0.268% | $1.0M | $274K | 20x | as long as short |
| Bybit MAGMAUSDTshort | +0.0953% | 4h | 0.2424 | +0.054% | $1.7M | $1.4M | 20x | |
| Aster MAGMAUSDT | +0.1120% | 4h | 0.2427 | +0.167% | $1.4M | $404K | 5x | as long as short |
| BingX MAGMA-USDT | +0.1713% | 4h | 0.2426 | +0.124% | — | $1.3M | — | as long as short |
Variational Omni MAGMA
Bitget MAGMAUSDT
MEXC MAGMA_USDT
Extended MAGMA-USD
Binance MAGMAUSDT
Gate MAGMA_USDT
Aster MAGMAUSDT
BingX MAGMA-USDT