MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.23 per $10,000 · paid last 24h −0.012%

Price spread now: Bybit against MEXC−0.047%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1641.638% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 7 days−0.109%−$11 · spread now −0.047%, 7d avg −0.098%

Together, before fees−0.152%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.051% dearer against MEXC than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.098%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 7 days (−0.043% in total) that is about 8.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MAGMA_USDT	0.2322	0.0146	pay 0.0073% / 4h	1h 13m	$11.5M	$272K	50x
Short	Bybit MAGMAUSDT	0.2321	0.0100	get 0.0050% / 4h	1h 13m	$1.7M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$9.66
Price spread: −0.047% → −0.098%: $5.06
Slippage, 4 orders: −$148.8
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$168.4
Costs to cover: 1.638%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bybit: live order book, 3 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, 5 min ago	1.51 bp	19.9 bp −$20	71.9 bp −$719	534.3 bp −$53.4K	doesn't fit
Sell Bybit live order book, 3 min ago	2.16 bp	65.2 bp −$65	543.3 bp −$5,433	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
Aster MAGMAUSDT	+0.0100%	4h	0.2320	−0.083%	$1.4M	$352K	5x	as long as short
Bybit MAGMAUSDTshort	+0.0100%	4h	0.2321	−0.047%	$1.7M	$1.1M	20x
Gate MAGMA_USDT	+0.0100%	4h	0.2322	+0.034%	$977K	$248K	20x	as long as short
KuCoin MAGMAUSDTM	+0.0100%	4h	0.2310	−0.513%	$269K	$31K	20x	as long as short
Bitget MAGMAUSDT	+0.0100%	4h	0.2323	+0.052%	$2.2M	$941K	20x	as long as short
Variational Omni MAGMA	+0.0100%	4h	0.2318	−0.153%	$11K	$3K	—	as long as short
Extended MAGMA-USD	+0.0144%	1h	0.2321	−0.038%	$970	—	5x	as long as short
MEXC MAGMA_USDTlong	+0.0146%	4h	0.2322	long leg	$11.5M	$272K	50x
Binance MAGMAUSDT	+0.0147%	4h	0.2322	+0.011%	$4.6M	$7.0M	20x	as long as short
BingX MAGMA-USDT	+0.0152%	4h	0.2322	+0.030%	—	$1.4M	—	as long as short