MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.04 per $10,000 · paid last 24h +0.012%

Price spread now: BingX against MEXC0.000%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1000.999% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days−0.077%−$8 · spread now 0.000%, 7d avg −0.027%

Together, before fees−0.064%−$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: BingX is 0.027% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MAGMA_USDT	0.2342	0.0282	pay 0.0141% / 4h	24m 48s	$11.6M	$264K	50x
Short	BingX MAGMA-USDT	0.2342	0.0274	get 0.0137% / 4h	24m 48s	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$1.76
Price spread: 0.000% → −0.027%: $2.7
Slippage, 4 orders: −$85.89
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$98.95
Costs to cover: 0.999%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 6 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, 3 min ago	2.36 bp	16.6 bp −$17	64.9 bp −$649	245.6 bp −$24.6K	doesn't fit
Sell BingX live order book, 6 min ago	3.65 bp	27.5 bp −$28	140.5 bp −$1,405	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	0.2344	+0.077%	$1.7M	$1.2M	20x	as long as short
KuCoin MAGMAUSDTM	+0.0100%	4h	0.2325	−0.751%	$271K	$30K	20x	as long as short
Variational Omni MAGMA	+0.0100%	4h	0.2337	−0.219%	$11K	$3K	—	as long as short
Bitget MAGMAUSDT	+0.0222%	4h	0.2344	+0.094%	$2.3M	$958K	20x	as long as short
BingX MAGMA-USDTshort	+0.0274%	4h	0.2342	0.000%	—	$1.3M	—
Extended MAGMA-USD	+0.0280%	1h	0.2342	−0.017%	$980	—	5x	as long as short
MEXC MAGMA_USDTlong	+0.0282%	4h	0.2342	long leg	$11.6M	$264K	50x
Binance MAGMAUSDT	+0.0308%	4h	0.2345	+0.104%	$4.6M	$7.2M	20x	as long as short
Gate MAGMA_USDT	+0.0366%	4h	0.2346	+0.179%	$987K	$253K	20x	as long as short
Aster MAGMAUSDT	+0.0422%	4h	0.2341	−0.047%	$1.4M	$414K	5x	as long as short