MAGMA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0300%/8h= +32.8% APRnext payment +$1.50 per $10,000 · paid last 24h +0.019%

Price spread now: Gate against KuCoin+0.228%7-day average +0.165% · you sell dearer than you buy

Net, funding: paid 7d − costs−$378as in the Funding arb table

Net, price: spread back to 7d avg − costs−$352as in the Price arb table

costs, in and out, $10k−$3593.586% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.192%−$19 on $10k

Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.228%, 7d avg +0.165%

Together, before fees−0.347%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Gate is 0.063% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.165%. Mind the row above: over the last 7 days funding on this pair cost −0.192%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.192% in total (about -10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.50 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	KuCoin MAGMAUSDTM	0.2407	0.0100	pay 0.0050% / 4h	2h 05m	$280K	$36K	20x
Short	Gate MAGMA_USDT	0.2413	0.0400	get 0.0200% / 4h	2h 05m	$1.0M	$270K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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 KuCoinbpFee GatebpOrdersPrice spread, now +0.228%Rate

Funding earned: $63
Price spread: +0.228% → +0.165%: $6.33
Slippage, 4 orders: −$331.6
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$289.27
Costs to cover: 3.586%
Break-even: 39.1 days

Slippage from KuCoin: live order book, 51 min ago; Gate: live order book, 1 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 KuCoin live order book, 51 min ago	44.23 bp	124.7 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	12.01 bp	69.0 bp −$69	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
KuCoin MAGMAUSDTMlong	+0.0100%	4h	0.2407	long leg	$280K	$36K	20x
Variational Omni MAGMA	+0.0100%	4h	0.2414	+0.261%	$12K	$3K	—	as long as short
Bybit MAGMAUSDT	+0.0154%	4h	0.2414	+0.299%	$1.7M	$1.3M	20x	as long as short
Bitget MAGMAUSDT	+0.0376%	4h	0.2417	+0.386%	$2.3M	$977K	20x	as long as short
Gate MAGMA_USDTshort	+0.0400%	4h	0.2413	+0.228%	$1.0M	$270K	20x
BingX MAGMA-USDT	+0.0582%	4h	0.2415	+0.328%	—	$1.3M	—	as long as short
MEXC MAGMA_USDT	+0.0636%	4h	0.2415	+0.316%	$12.0M	$301K	50x	as long as short
Binance MAGMAUSDT	+0.0638%	4h	0.2415	+0.314%	$4.7M	$7.7M	20x	as long as short
Extended MAGMA-USD	+0.0640%	1h	0.2414	+0.282%	$1K	—	5x	as long as short
Aster MAGMAUSDT	+0.1220%	4h	0.2415	+0.328%	$1.4M	$421K	5x	as long as short