In this note, we consider the Iwatsuka model with a positive increasing magnetic field having finite limits. The associated magnetic Laplacian is fibred through partial Fourier transform, and, for large frequencies, the band functions tend to the Landau levels, which are thresholds in the spectrum. The asymptotics of the band functions is already known when the magnetic field converge polynomially to its limits. We complete this analysis by giving the asymptotics for a regular magnetic field which is constant at infinity, showing that the band functions converge now exponentially fast toward the thresholds. As an application, we give an estimate on the current of quantum states localized in energy near a threshold.