MAGMA · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 5m old-0.160%higher than 25% of spread values(window 1D)
long $0.3194 · short $0.3189(long 2m / short 5m old)
Entry Spread (order book)-0.104%on $10,000
long $0.3202 · short $0.3199(average execution prices, not mark)
market median $0.3191· long +0.1%· short -0.1%
⚠ Spread is inverted — Toobit is cheaper than BingX. Convergence trade only profits with positive spread.
Size per leg$= $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
-0.160%
25 pct
Median
-0.024%
Average
-0.018%
P25 → P75
-0.156% … +0.129%
Range
-1.262% … +2.213%
Std dev
±0.356%
tf
LONG
BingX(cex)
BingX(cex)- Mark Price
- $0.3194
- Exchange Ticker
- MAGMA-USDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +7.67%
- OI
- $599.99K
- 24h Vol
- $1.52M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Toobit(cex)
Toobit(cex)- Mark Price
- $0.3189
- Exchange Ticker
- MAGMA-SWAP-USDT
- Taker / Maker
- 0.06% / 0.02%
- Funding APR(4h)
- -32.87%
- OI
- $1.45M
- 24h Vol
- $3.51M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short250 long / 257 short samples · 2 days · auto-refresh every 30s