MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0126%/8h= +13.8% APRnext payment +$0.63 per $10,000 · paid last 24h +0.019%

Price spread now: Gate against KuCoin+0.617%7-day average +0.164% · you sell dearer than you buy

Net, funding: paid 7d − costs−$365as in the Funding arb table

Net, price: spread back to 7d avg − costs−$301as in the Price arb table

costs, in and out, $10k−$3463.459% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.192%−$19 on $10k

Price spread, last 4 days (all we have)−0.551%−$55 · spread now +0.617%, 7d avg +0.164%

Together, before fees−0.742%−$74 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Gate is 0.454% dearer against KuCoin than usual: you sell high and buy low: +$45 more if the spread goes back to its 7-day average of +0.164%. Mind the row above: over the last 7 days funding on this pair cost −0.192%, 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	0.2397	0.0100	pay 0.0050% / 4h	1h 06m	$279K	$36K	20x
Short	Gate MAGMA_USDT	0.2412	0.0226	get 0.0113% / 4h	1h 06m	$1.0M	$276K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.617%Rate

Funding earned: $26.46
Price spread: +0.617% → +0.164%: $45.35
Slippage, 4 orders: −$318.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$274.1
Costs to cover: 3.459%
Break-even: 79.5 days

Slippage from KuCoin: live order book, 35 min ago; Gate: live order book, just now.

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, 35 min ago	47.26 bp	103.8 bp −$104	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, just now	14.69 bp	72.4 bp −$72	doesn't fit	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	0.2397	long leg	$279K	$36K	20x
Variational Omni MAGMA	+0.0100%	4h	0.2394	−0.139%	$12K	$3K	—	as long as short
Bybit MAGMAUSDT	+0.0121%	4h	0.2414	+0.688%	$1.7M	$1.3M	20x	as long as short
Gate MAGMA_USDTshort	+0.0226%	4h	0.2412	+0.617%	$1.0M	$276K	20x
Bitget MAGMAUSDT	+0.0340%	4h	0.2416	+0.776%	$2.3M	$991K	20x	as long as short
BingX MAGMA-USDT	+0.0538%	4h	0.2413	+0.642%	—	$1.3M	—	as long as short
Extended MAGMA-USD	+0.0576%	1h	0.2413	+0.631%	$1K	—	5x	as long as short
MEXC MAGMA_USDT	+0.0578%	4h	0.2413	+0.663%	$12.0M	$307K	50x	as long as short
Binance MAGMAUSDT	+0.0592%	4h	0.2413	+0.659%	$4.6M	$8.0M	20x	as long as short
Aster MAGMAUSDT	+0.1120%	4h	0.2406	+0.354%	$1.4M	$421K	5x	as long as short