MAGIC funding rates by exchange
The current funding rate for every MAGIC perpetual we track, venue by venue, with 7-day and 30-day accumulated funding and the annualised rate. A positive rate means longs pay shorts.
- Exchanges
- 12
- Venue spread
- 0.005%
- Pays most
- Gate.io
- 24h volume
- $8.5M
Right now Gate.io pays +0.01% per settlement and Binance pays +0.005% — that gap is what a funding-arbitrage position captures.
Every venue listing MAGIC is showing a positive rate right now, so longs are paying shorts across the board — the difference is only in how much.
Over the last 30 days the most MAGIC funding accumulated on Bitget, at +0.89% — worth checking against the current rate, because the leader on accumulated funding is often not the leader today.
MAGIC also trades as an inverse, coin-margined contract on Aster. Inverse funding is quoted against a USD-denominated contract and settles in MAGIC itself, so it moves independently of the USDT-margined rate above.
Click a column header to sort · use Columns to show or hide metrics
| Exchange | Contract | Current rate | APR | 7d sum | 30d sum | 24h volume |
|---|---|---|---|---|---|---|
 Gate.io |
MAGIC-USDT | +0.01% | +7.3% | +0.20% | +0.67% | $37K |
 BloFin |
MAGIC-USDT | +0.0053% | +7.8% | +0.19% | +0.69% | $1K |
 Bybit |
MAGIC-USDT | +0.005% | +7.2% | +0.12% | +0.37% | $161K |
 OKX |
MAGIC-USDT | +0.005% | +7.3% | +0.12% | +0.58% | $706K |
 Toobit |
MAGIC-USDT | +0.005% | +7.1% | +0.17% | +0.67% | $3.7M |
 Phemex |
MAGIC-USDT | +0.005% | +7.1% | +0.21% | +0.82% | $91K |
 BingX |
MAGIC-USDT | +0.005% | +7.3% | +0.20% | +0.83% | $2.3M |
 WEEX |
MAGIC-USDT | +0.005% | +7.1% | +0.20% | +0.70% | $0K |
 MEXC |
MAGIC-USDT | +0.005% | +8.0% | +0.20% | +0.70% | $179K |
 Bitget |
MAGIC-USDT | +0.005% | +7.1% | +0.21% | +0.89% | $48K |
 KuCoin |
MAGIC-USDT | +0.005% | +7.1% | +0.05% | +0.29% | $15K |
 Binance |
MAGIC-USDT | +0.005% | +7.3% | +0.20% | +0.70% | $1.3M |
Rates come straight from exchange data and change at every settlement; APR annualises the current rate at the contract's own funding interval. Market data, not investment advice.
Other coins
Funding rates by coin →
MNT
XPD
LYN
VINE
BULLA
SIGN
JOE
STG
F
MAV
ZIL
TURTLEFrequently asked questions
What is the MAGIC funding rate right now?
MAGIC funding currently ranges from +0.01% on Gate.io down to +0.005% on Binance per settlement — the table above lists every venue. A positive rate means long positions pay short positions at the next settlement; a negative rate means the reverse.
Which exchange pays the highest MAGIC funding?
At the moment Gate.io shows the highest MAGIC funding rate. This changes at every settlement, so trust the live ranking above rather than any fixed answer.
How do you trade the MAGIC funding difference?
You hold offsetting positions on two venues — long where funding is negative, short where it is positive — so price exposure cancels out and you collect the difference at each settlement. On MAGIC that difference is currently 0.005% per settlement, before the trading fees on both legs.
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