Funding you earn now, next payment 04:00 UTC+0.0246%/8h= +26.9% APRnext payment +$1.23 per $10,000 · paid last 24h −0.009%
Price spread now: Gate against MEXC+0.092%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1641.641% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.092%, 7d avg +0.003%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.089% dearer against MEXC than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.003%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MAGMA_USDT | 0.2289 | 0.0150 | pay 0.0075% / 4h | 2h 48m | $11.3M | $271K | 50x |
| Short | Gate MAGMA_USDT | 0.2291 | 0.0396 | get 0.0198% / 4h | 2h 48m | $966K | $241K | 20x |
MEXC MAGMA_USDT
Gate MAGMA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $51.66
- Price spread: +0.092% → +0.003%
- $8.88
- Slippage, 4 orders
- −$145.07
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$103.54
- Costs to cover
- 1.641%
- Break-even
- 21.0 days
Slippage from MEXC: live order book, 4 min ago; Gate: live order book, 18 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, 4 min ago | 0.66 bp | 12.5 bp −$13 | 64.0 bp −$640 | 405.9 bp −$40.6K | doesn't fit |
| Sell Gate live order book, 18 min ago | 14.54 bp | 67.0 bp −$67 | doesn't fit | 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 | 0.2288 | −0.026% | $1.4M | $354K | 5x | as long as short |
| Bybit MAGMAUSDT | +0.0100% | 4h | 0.2288 | −0.039% | $1.7M | $1.1M | 20x | as long as short |
| KuCoin MAGMAUSDTM | +0.0100% | 4h | 0.2282 | −0.297% | $265K | $31K | 20x | as long as short |
| Bitget MAGMAUSDT | +0.0100% | 4h | 0.2291 | +0.083% | $2.2M | $927K | 20x | as long as short |
| Variational Omni MAGMA | +0.0100% | 4h | 0.2289 | +0.011% | $11K | $3K | — | as long as short |
| BingX MAGMA-USDT | +0.0124% | 4h | 0.2290 | +0.039% | — | $1.4M | — | as long as short |
| MEXC MAGMA_USDTlong | +0.0150% | 4h | 0.2289 | long leg | $11.3M | $271K | 50x | |
| Binance MAGMAUSDT | +0.0173% | 4h | 0.2288 | −0.017% | $4.5M | $7.0M | 20x | as long as short |
| Extended MAGMA-USD | +0.0176% | 1h | 0.2291 | +0.076% | $960 | — | 5x | as long as short |
| Gate MAGMA_USDTshort | +0.0396% | 4h | 0.2291 | +0.092% | $966K | $241K | 20x |
Aster MAGMAUSDT
Bybit MAGMAUSDT
KuCoin MAGMAUSDTM
Bitget MAGMAUSDT
Variational Omni MAGMA
BingX MAGMA-USDT
Binance MAGMAUSDT
Extended MAGMA-USD