MAGIC funding rates
MAGIC perpetual funding across 6 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 23.1%long Bitget, short Gate · net 16.0%
- Highest funding now
- 10.9%ByBybitCEX
- Lowest funding now
- −5.8%BnBinanceCEX
- Listed on
- 6 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ByBybitCEX | MAGICUSDT | 10.9% | −97.5% | −76.8% | −29.2% | −73.4% | 84% | 4h | 04:00 | 0.1351 | $6.6M | $60.1M | ByBybit | ||
| BgBitgetCEX | MAGICUSDT | 10.9% | −71.7% | −78.4% | −25.2% | −79.5% | 72% | 4h | 04:00 | 0.135 | $2.7M | $45.2M | BgBitget | ||
| GtGateCEX | MAGIC_USDT | 10.9% | −54.0% | −55.3% | −15.4% | −55.5% | 84% | 8h | 08:00 | 0.1351 | $7.8M | $54.6M | GtGate | ||
| VaVariational | MAGIC | 10.9% | −73.2% | −63.1% | −20.8% | −61.4% | 86% | 4h | — | 0.1352 | $17k | $292k | VaVariational | ||
| MxMEXCCEX | MAGIC_USDT | −5.3% | −46.7% | −65.5% | −23.9% | −68.7% | 73% | 4h | 04:00 | 0.1361 | $2.1M | $18.8M | MxMEXC | ||
| BnBinanceCEX | MAGICUSDT | −5.8% | −94.4% | −86.5% | −26.8% | −84.9% | 68% | 4h | 04:00 | 0.1349 | $16.2M | $466.8M | BnBinance |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| BgBitgetCEX | GtGateCEX | 0.0% | 17.7% | 23.1% | 9.7% | 16.0% | 24.1% | 4.3d | cooling | $2.7M | 4h/8h | BgGt | calc | |
| ByBybitCEX | GtGateCEX | 0.0% | 43.5% | 21.5% | 13.8% | 14.7% | 22.1% | 4.4d | cooling | $6.6M | 4h/8h | ByGt | calc | |
| BnBinanceCEX | GtGateCEX | 16.8% | 40.3% | 19.1% | 10.2% | 12.6% | 18.8% | 4.8d | steady | $7.8M | 4h/8h | BnGt | calc | |
| BgBitgetCEX | MxMEXCCEX | −16.2% | 25.0% | 12.9% | 1.3% | 8.7% | 13.1% | 4.5d | cooling | $2.1M | BgMx | calc | ||
| BgBitgetCEX | VaVariational | 0.0% | −1.5% | 15.3% | 4.4% | 12.2% | 18.2% | 2.9d | cooling | $17k | low OIspread not incl. | BgVa | calc | |
| ByBybitCEX | VaVariational | 0.0% | 24.3% | 13.7% | 8.4% | 10.8% | 16.3% | 2.9d | cooling | $17k | low OIspread not incl. | ByVa | calc | |
| MxMEXCCEX | GtGateCEX | 16.2% | −7.4% | 10.2% | 8.5% | 5.2% | 7.9% | 6.8d | cooling | $2.1M | 4h/8h | MxGt | calc | |
| BnBinanceCEX | VaVariational | 16.8% | 21.2% | 11.1% | 4.9% | 8.4% | 12.7% | 3.3d | steady | $17k | low OIspread not incl. | BnVa | calc | |
| ByBybitCEX | MxMEXCCEX | −16.2% | 50.9% | 11.3% | 5.3% | 7.4% | 11.1% | 4.8d | spike ×10.8 | $2.1M | ByMx | calc | ||
| BnBinanceCEX | MxMEXCCEX | 0.6% | 47.7% | 8.2% | 1.7% | 4.6% | 6.9% | 6.2d | spike ×140.5 | $2.1M | BnMx | calc | ||
| BgBitgetCEX | BnBinanceCEX | −16.8% | −22.7% | 6.8% | −0.4% | 1.1% | 1.6% | 12d | cooling | $2.7M | BgBn | calc | ||
| VaVariational | GtGateCEX | 0.0% | 19.2% | 7.8% | 5.4% | 3.9% | 5.8% | 7.0d | spike ×3.3 | $17k | low OI4h/8hspread not incl. | VaGt | calc | |
| MxMEXCCEX | VaVariational | 16.2% | −26.5% | 2.4% | 3.1% | 1.4% | 2.1% | 6.0d | cooling | $17k | low OIspread not incl. | MxVa | calc | |
| ByBybitCEX | BnBinanceCEX | −16.8% | 3.2% | 5.0% | 3.8% | −0.5% | −0.8% | 15d | cooling | $6.6M | ByBn | calc | ||
| BgBitgetCEX | ByBybitCEX | 0.0% | −25.8% | 1.6% | −4.0% | −4.4% | −6.6% | 53d | cooling | $2.7M | BgBy | calc | ||
| BnBinanceCEX | ByBybitCEX | 16.8% | −3.2% | −5.0% | −3.8% | −10.4% | −15.6% | — | weak | $6.6M | BnBy | calc | ||
| MxMEXCCEX | ByBybitCEX | 16.2% | −50.9% | −11.3% | −5.3% | −15.2% | −22.8% | — | weak | $2.1M | MxBy | calc | ||
| MxMEXCCEX | BgBitgetCEX | 16.2% | −25.0% | −12.9% | −1.3% | −17.0% | −25.6% | — | weak | $2.1M | MxBg | calc | ||
| BnBinanceCEX | BgBitgetCEX | 16.8% | 22.7% | −6.8% | 0.4% | −12.5% | −18.8% | — | spike | $2.7M | BnBg | calc | ||
What the columns and badges mean
- now
- Current funding spread APR: short-leg rate minus long-leg rate, annualized.
- 24h
- Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d
- Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
- 30d
- Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d trend
- Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
- Net APR
- 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
- On capital
- Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
- Breakeven
- Days of 7d-average funding needed to pay back open+close taker fees.
- Min OI
- Smaller open interest of the two legs, USD.
- steady
- Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
- spike
- The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
- mixed
- The spread was negative too often: not negative in only X% of hours over 7 days.
- new
- Less than 4 days of shared history in the prior week: stability cannot be judged yet.
- weak
- Prior-week spread under 5% APR: too small to call steady.
- cooling
- The prior week was solid, but the last 24h or the current spread is not positive.
- ≠ asset?
- Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
- stale
- At least one leg has not updated for over 30 minutes.
- low OI
- Open interest under $50k on at least one leg — size carefully.
- 8h/1h
- Funding intervals differ (8h vs 1h): payments are not simultaneous.
- TradFi
- Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
- invite only
- Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
- spread not incl.
- A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
- CEX
- Centralized exchange: trading needs an account with identity verification (KYC).
Prices now
Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.Indicative · marks from 2026-10-12 03:10 UTC
Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.
No two venues give a usable spread right now.
| Buy ↓ · Sell → | MxMEXC0.13605 |
|---|---|
| MxMEXC0.13605 | — |
All quotes (6)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| MxMEXCCEX | 0.13605 | 0.13605 | mark | 6m | $18.8M | no FX |
| BnBinanceCEX | 0.134941 | 0.134941 | mark | 11m | $466.8M | staleno FX |
| BgBitgetCEX | 0.13498 | 0.13498 | mark | 11m | $45.2M | staleno FX |
| ByBybitCEX | 0.1351 | 0.1351 | mark | 11m | $60.1M | staleno FX |
| GtGateCEX | 0.13515 | 0.13515 | mark | 11m | $54.6M | staleno FX |
| VaVariational | 0.135182 | 0.135182 | mark | 11m | $292k | stale |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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