Borrow MAGIC: rates on every exchange
Annualised margin borrow rates for MAGIC at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-11-11 23:11 UTC
MAGIC borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| OKX | 6.81% | 7.68% | 12.36% | 7.68% | $6.3K | not published | Borrowable |
| Bybit | 7.06% | 7.97% | 12.14% | 7.97% | $4.8K | not published | Borrowable |
| Gate | 56.35% | 56.34% | 66.65% | 56.35% * | $20K | not published | Borrowable |
| Binance | 52.46% | 57.56% | 62.16% | 57.56% | $5.1K | not published | Borrowable |
Annualised simply (hourly rate × 8,760). Rate counted = the higher of the current rate and the 24 h average, as in every calculation on AfterFees. * Gate: rate × the published VIP multiplier (inferred).
Reverse carry on MAGIC: borrow and sell spot, long the perp
No reverse MAGIC carry nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
MAGIC perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | MAGIC |
Questions
Where is it cheapest to borrow MAGIC?
OKX, at 7.68% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend MAGIC.
Can I earn negative funding on MAGIC by borrowing it?
Not right now: no reverse MAGIC carry covers its borrow interest, fees and slippage at $10,000 for 7 days.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.