MAGMA arbitrage explained
Right now Magma Finance (MAGMA) trades on 8 venues we scan: 8 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.2183 and the highest bid on Gate perp at $0.2186.
The widest MAGMA perpetual spread is between MEXC and Gate: long MAGMA on MEXC at $0.2183 and short on Gate at $0.2186 for +0.17% gross, or +0.01% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best MAGMA route is to buy spot on Bitget and short the perpetual on Gate: +0.05% gross, -0.15% net, with +0.030% a day of funding on the short leg.
Spot–spot MAGMA arbitrage (buy on Bitget, withdraw, deposit and sell on Gate) shows -0.04% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small MAGMA gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: MAGMA funding rates · MAGMA spread charts · Magma Finance price · arbitrage scanner for all coins.