MAGIC · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old-0.036%higher than 40% of spread values(window 1D)
long $0.1100 · short $0.1099(long 3m / short 2m old)
Entry Spread (order book)-0.384%on $10,000
long $0.1096 · short $0.1091(average execution prices, not mark)
market median $0.1100· long +0.0%· short -0.0%
⚠ Spread is inverted — Bybit is cheaper than OKX. Convergence trade only profits with positive spread.
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
Convergence trade not applicable
Current spread is negative — short leg is cheaper than long. Either wait for spread to flip positive, or swap legs (button in Hero above) to invert the trade direction.
Spread Statistics
Window: 24h · 281 samples
Current
-0.036%
40 pct
Median
+0.009%
Average
+0.027%
P25 → P75
-0.118% … +0.147%
Range
-2.066% … +2.116%
Std dev
±0.359%
Size per leg$= $20,000 total
chart range
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Live spread — order book
on size $10,000Collecting live order-book data…
Rebuilt from stored order books (last 3h) and updated every ~15s while the page is open. IN is the spread to open the position, OUT is the spread to close it; positive means the trade works in your favour. Both are walked for your position size, so they already include what depth costs you.
LONG
OKX(cex)
OKX(cex)- Mark Price
- $0.1100
- Exchange Ticker
- MAGIC-USDT-SWAP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -9.93%
- OI
- $4.98M
- 24h Vol
- $62.01M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Bybit(cex)
Bybit(cex)- Mark Price
- $0.1099
- Exchange Ticker
- MAGICUSDT
- Taker / Maker
- 0.055% / 0.02%
- Funding APR(4h)
- +10.96%
- OI
- $2.84M
- 24h Vol
- $5.94M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short265 long / 254 short samples · 2 days · auto-refresh every 30s