MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.44 per $10,000 · paid last 24h +0.003%

Price spread now: Bitget against MEXC−0.107%7-day average +0.036% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$960.960% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days+0.073%+$7 · spread now −0.107%, 7d avg +0.036%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.143% cheaper against MEXC than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MAGMA_USDT	0.2332	0.0282	pay 0.0141% / 4h	26m 44s	$11.5M	$264K	50x
Short	Bitget MAGMAUSDT	0.2330	0.0194	get 0.0097% / 4h	26m 44s	$2.3M	$958K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$18.48
Price spread: −0.107% → +0.036%: −$14.31
Slippage, 4 orders: −$80.03
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$128.81
Costs to cover: 0.960%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bitget: 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, 1 min ago	2.36 bp	16.6 bp −$17	64.9 bp −$649	245.6 bp −$24.6K	doesn't fit
Sell Bitget live order book, 6 min ago	5.57 bp	23.5 bp −$24	102.6 bp −$1,026	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	0.2329	−0.137%	$1.7M	$1.2M	20x	as long as short
KuCoin MAGMAUSDTM	+0.0100%	4h	0.2321	−0.480%	$270K	$30K	20x	as long as short
Variational Omni MAGMA	+0.0100%	4h	0.2332	−0.005%	$11K	$3K	—	as long as short
Bitget MAGMAUSDTshort	+0.0194%	4h	0.2330	−0.107%	$2.3M	$958K	20x
BingX MAGMA-USDT	+0.0270%	4h	0.2331	−0.030%	—	$1.3M	—	as long as short
Extended MAGMA-USD	+0.0280%	1h	0.2330	−0.100%	$980	—	5x	as long as short
MEXC MAGMA_USDTlong	+0.0282%	4h	0.2332	long leg	$11.5M	$264K	50x
Binance MAGMAUSDT	+0.0282%	4h	0.2332	+0.007%	$4.6M	$7.2M	20x	as long as short
Gate MAGMA_USDT	+0.0342%	4h	0.2332	−0.004%	$981K	$252K	20x	as long as short
Aster MAGMAUSDT	+0.0386%	4h	0.2334	+0.081%	$1.4M	$414K	5x	as long as short