MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.012%

Price spread now: KuCoin against MEXC+0.004%7-day average −0.148% · you sell dearer than you buy

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$226as in the Price arb table

costs, in and out, $10k−$2422.417% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.168%+$17 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.004%, 7d avg −0.148%

Together, before fees+0.178%+$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.153% dearer against MEXC than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.148%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.168%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MAGMA_USDT	0.2282	0.0200	pay 0.0100% / 4h	2h 40m	$11.3M	$272K	50x
Short	KuCoin MAGMAUSDTM	0.2282	0.0100	get 0.0050% / 4h	2h 40m	$265K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$21
Price spread: +0.004% → −0.148%: $15.27
Slippage, 4 orders: −$225.66
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$247.39
Costs to cover: 2.417%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; KuCoin: live order book, 70 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	2.84 bp	27.0 bp −$27	77.9 bp −$779	500.5 bp −$50.1K	doesn't fit
Sell KuCoin live order book, 70 min ago	33.51 bp	89.0 bp −$89	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	+0.274%	$1.4M	$354K	5x	as long as short
Bybit MAGMAUSDT	+0.0100%	4h	0.2281	−0.057%	$1.7M	$1.1M	20x	as long as short
KuCoin MAGMAUSDTMshort	+0.0100%	4h	0.2282	+0.004%	$265K	$31K	20x
Bitget MAGMAUSDT	+0.0100%	4h	0.2283	+0.053%	$2.2M	$927K	20x	as long as short
Variational Omni MAGMA	+0.0100%	4h	0.2289	+0.313%	$11K	$3K	—	as long as short
BingX MAGMA-USDT	+0.0198%	4h	0.2281	−0.039%	—	$1.4M	—	as long as short
Extended MAGMA-USD	+0.0200%	1h	0.2286	+0.157%	$960	—	5x	as long as short
MEXC MAGMA_USDTlong	+0.0200%	4h	0.2282	long leg	$11.3M	$272K	50x
Binance MAGMAUSDT	+0.0203%	4h	0.2282	−0.004%	$4.5M	$7.0M	20x	as long as short
Gate MAGMA_USDT	+0.0372%	4h	0.2282	−0.009%	$962K	$242K	20x	as long as short