MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0222%/8h= +24.3% APRnext payment +$1.11 per $10,000 · paid last 24h +0.022%

Price spread now: MEXC against KuCoin0.000%7-day average +0.159% · you sell dearer than you buy

Net, funding: paid 7d − costs−$252as in the Funding arb table

Net, price: spread back to 7d avg − costs−$252as in the Price arb table

costs, in and out, $10k−$2362.358% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.158%−$16 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now 0.000%, 7d avg +0.159%

Together, before fees−0.147%−$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.159% cheaper against KuCoin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.159%). If the spread goes back, that is −$16 on $10k: about 2.4 days of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.158%, 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	0.2345	0.0100	pay 0.0050% / 4h	3h 48m	$273K	$31K	20x
Short	MEXC MAGMA_USDT	0.2345	0.0322	get 0.0161% / 4h	3h 48m	$11.6M	$265K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $46.62
Price spread: 0.000% → +0.159%: −$15.9
Slippage, 4 orders: −$219.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$205.13
Costs to cover: 2.358%
Break-even: 37.8 days

Slippage from KuCoin: live order book, 23 min ago; MEXC: 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, 23 min ago	23.74 bp	111.3 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.54 bp	24.9 bp −$25	65.3 bp −$653	621.2 bp −$62.1K	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	0.2344	−0.072%	$1.7M	$1.2M	20x	as long as short
KuCoin MAGMAUSDTMlong	+0.0100%	4h	0.2345	long leg	$273K	$31K	20x
Variational Omni MAGMA	+0.0100%	4h	0.2351	+0.230%	$11K	$3K	—	as long as short
Bitget MAGMAUSDT	+0.0174%	4h	0.2347	+0.072%	$2.3M	$964K	20x	as long as short
BingX MAGMA-USDT	+0.0312%	4h	0.2346	+0.021%	—	$1.3M	—	as long as short
Extended MAGMA-USD	+0.0320%	1h	0.2345	−0.012%	$985	—	5x	as long as short
MEXC MAGMA_USDTshort	+0.0322%	4h	0.2345	0.000%	$11.6M	$265K	50x
Binance MAGMAUSDT	+0.0322%	4h	0.2346	+0.055%	$4.6M	$7.2M	20x	as long as short
Gate MAGMA_USDT	+0.0370%	4h	0.2349	+0.175%	$987K	$260K	20x	as long as short
Aster MAGMAUSDT	+0.0682%	4h	0.2348	+0.132%	$1.4M	$420K	5x	as long as short