Funding arb · Price arb /

MAGMA

all MAGMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.009%

Price spread now: Extended against MEXC−0.034%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.034% cheaper against MEXC than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 8.2 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MAGMA_USDT	0.2389	0.0514	pay 0.0257% / 4h	2h 36m	$11.8M	$282K	50x
Short	Extended MAGMA-USD	0.2388	0.0528	get 0.0066% / 1h	36m 14s	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.034%Rate

Funding earned: $2.94
Price spread: −0.034% → 0.000%: −$3.44
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$9.5
Costs to cover: 0.090%
Break-even: 29.6 days

Slippage unknown: MEXC: live order book, 2 min ago; Extended: no order-book sample. Net counts fees only.

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	1.68 bp	8.7 bp −$9	66.0 bp −$660	435.8 bp −$43.6K	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
KuCoin MAGMAUSDTM	+0.0100%	4h	0.2384	−0.184%	$278K	$36K	20x	as long as short
Variational Omni MAGMA	+0.0100%	4h	0.2378	−0.463%	$12K	$3K	—	as long as short
Bybit MAGMAUSDT	+0.0242%	4h	0.2389	+0.013%	$1.7M	$1.2M	20x	as long as short
Bitget MAGMAUSDT	+0.0322%	4h	0.2384	−0.205%	$2.3M	$970K	20x	as long as short
Gate MAGMA_USDT	+0.0438%	4h	0.2392	+0.121%	$1.0M	$265K	20x	as long as short
BingX MAGMA-USDT	+0.0492%	4h	0.2389	+0.004%	—	$1.3M	—	as long as short
MEXC MAGMA_USDTlong	+0.0514%	4h	0.2389	long leg	$11.8M	$282K	50x
Binance MAGMAUSDT	+0.0526%	4h	0.2389	0.000%	$4.6M	$7.4M	20x	as long as short
Extended MAGMA-USDshort	+0.0528%	1h	0.2388	−0.034%	$1K	—	5x
Aster MAGMAUSDT	+0.1095%	4h	0.2385	−0.151%	$1.4M	$420K	5x	as long as short