Funding arb · Price arb /

MAGMA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.023%

Price spread now: Extended against KuCoin+0.173%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.173% dearer against KuCoin than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MAGMAUSDTM	0.2296	0.0100	pay 0.0050% / 4h	2h 03m	$267K	$31K	20x
Short	Extended MAGMA-USD	0.2300	0.0200	get 0.0025% / 1h	3m 26s	$965	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.173%Rate

Funding earned: $21
Price spread: +0.173% → 0.000%: $17.33
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $21.33
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 32 min ago; Extended: no order-book sample. Net counts fees only.

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, 32 min ago	48.58 bp	132.1 bp −$132	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2302	+0.251%	$1.4M	$352K	5x	as long as short
Bybit MAGMAUSDT	+0.0100%	4h	0.2299	+0.139%	$1.7M	$1.1M	20x	as long as short
KuCoin MAGMAUSDTMlong	+0.0100%	4h	0.2296	long leg	$267K	$31K	20x
Bitget MAGMAUSDT	+0.0100%	4h	0.2301	+0.218%	$2.2M	$936K	20x	as long as short
Variational Omni MAGMA	+0.0100%	4h	0.2286	−0.436%	$11K	$3K	—	as long as short
Gate MAGMA_USDT	+0.0186%	4h	0.2305	+0.375%	$968K	$247K	20x	as long as short
MEXC MAGMA_USDT	+0.0198%	4h	0.2300	+0.170%	$11.4M	$275K	50x	as long as short
Extended MAGMA-USDshort	+0.0200%	1h	0.2300	+0.173%	$965	—	5x
Binance MAGMAUSDT	+0.0204%	4h	0.2299	+0.124%	$4.5M	$7.1M	20x	as long as short
BingX MAGMA-USDT	+0.0210%	4h	0.2299	+0.118%	—	$1.3M	—	as long as short