MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against MEXC−0.068%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1061.063% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.064%+$6 · spread now −0.068%, 7d avg −0.006%

Together, before fees+0.065%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.062% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MAGMA_USDT	0.2420	0.0644	pay 0.0322% / 4h	3h 56m	$12.0M	$308K	50x
Short	Binance MAGMAUSDT	0.2419	0.0648	get 0.0324% / 4h	3h 56m	$4.6M	$8.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.068%Rate

Funding earned: $0.76
Price spread: −0.068% → −0.006%: −$6.17
Slippage, 4 orders: −$92.27
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$111.67
Costs to cover: 1.063%
Break-even: 1029.7 days

Slippage from MEXC: live order book, 2 min ago; Binance: live order book, 13 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 MEXC live order book, 2 min ago	2.05 bp	15.9 bp −$16	73.4 bp −$734	473.8 bp −$47.4K	doesn't fit
Sell Binance live order book, 13 min ago	0.61 bp	43.3 bp −$43	316.9 bp −$3,169	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
Bybit MAGMAUSDT	+0.0100%	4h	0.2417	−0.132%	$1.7M	$1.4M	20x	as long as short
Gate MAGMA_USDT	+0.0100%	4h	0.2424	+0.161%	$1.0M	$274K	20x	as long as short
KuCoin MAGMAUSDTM	+0.0100%	4h	0.2422	+0.062%	$301K	$40K	20x	as long as short
Variational Omni MAGMA	+0.0113%	4h	0.2436	+0.639%	$12K	$3K	—	as long as short
Bitget MAGMAUSDT	+0.0304%	4h	0.2417	−0.112%	$2.4M	$1.0M	20x	as long as short
MEXC MAGMA_USDTlong	+0.0644%	4h	0.2420	long leg	$12.0M	$308K	50x
Binance MAGMAUSDTshort	+0.0648%	4h	0.2419	−0.068%	$4.6M	$8.1M	20x
Extended MAGMA-USD	+0.0648%	1h	0.2422	+0.066%	$1K	—	5x	as long as short
Aster MAGMAUSDT	+0.1117%	4h	0.2425	+0.182%	$1.4M	$404K	5x	as long as short
BingX MAGMA-USDT	+0.1988%	4h	0.2418	−0.091%	—	$1.3M	—	as long as short