MAGIC · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 4m old-0.041%higher than 17% of spread values(window 1D)
long $0.07347 · short $0.07344(long 4m / short 3m old)
Entry Spread (order book)-0.664%on $10,000
long $0.07359 · short $0.07311(average execution prices, not mark)
market median $0.07340· long +0.1%· short +0.0%
⚠ Spread is inverted — Gate.io is cheaper than OKX. Convergence trade only profits with positive spread.
Size per leg$= $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 · 280 samples
Current
-0.041%
17 pct
Median
+0.068%
Average
+0.068%
P25 → P75
-0.013% … +0.137%
Range
-0.722% … +0.686%
Std dev
±0.164%
tf
LONG
OKX(cex)
OKX(cex)- Mark Price
- $0.07347
- Exchange Ticker
- MAGIC-USDT-SWAP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- -41.73%
- OI
- $1.27M
- 24h Vol
- $1.91M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Gate.io(cex)
Gate.io(cex)- Mark Price
- $0.07344
- Exchange Ticker
- MAGIC_USDT
- Taker / Maker
- 0.075% / -0.01%
- Funding APR(8h)
- -16.87%
- OI
- $1.39M
- 24h Vol
- $193.72K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short257 long / 253 short samples · 2 days · auto-refresh every 30s