MAGIC funding rates and arbitrage
Updated 2026-11-11 22:57 UTC
Best MAGIC arbitrage after every cost
No MAGIC pair 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 funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Bybit | MAGICUSDT | 0.0050% | 4 h | +10.9% | +9.9% | $1.3M | 2026-11-12 00:00 |
| KuCoin | MAGICUSDTM | 0.0050% | 4 h | +10.9% | +9.9% | $408.2K | 2026-11-12 00:00 |
| MEXC | MAGIC_USDT | 0.0050% | 4 h | +10.9% | +10.7% | $850.2K | 2026-11-12 00:00 |
| WhiteBIT | MAGIC_PERP | 0.0050% | 4 h | +10.9% | +11.0% | $1.2M | 2026-11-12 00:00 |
| Bitget | MAGICUSDT | 0.0050% | 4 h | +10.9% | +11.3% | $744.4K | 2026-11-12 00:00 |
| HTX | MAGIC-USDT | 0.0050% | 4 h | +10.9% | +11.0% | $10.6K | 2026-11-12 00:00 |
| LBank | MAGICUSDT | 0.0050% | 4 h | +10.9% | +11.9% | — | 2026-11-12 00:00 |
| WOO X | PERP_MAGIC_USDT | 0.0050% | 4 h | +10.9% | +10.7% | $0 | 2026-11-12 00:00 |
| Bitunix | MAGICUSDT | 0.0050% | 4 h | +10.9% | +10.4% | — | 2026-11-12 00:00 |
| BingX | MAGIC-USDT | 0.0050% | 4 h | +10.9% | +11.3% | $625.3K | 2026-11-12 00:00 |
| Binance | MAGICUSDT | 0.0050% | 4 h | +10.9% | +10.7% | $5.1M | 2026-11-12 00:00 |
| Gate | MAGIC_USDT | 0.0100% | 8 h | +10.9% | +15.5% | $1.5M | 2026-11-12 00:00 |
| Variational | MAGIC-PERP | 0.0050% | 4 h | +10.9% | +11.9% | $40.3K | 2026-11-12 00:00 |
| BloFin | MAGIC-USDT | 0.0040% | 4 h | +8.8% | +10.3% | $246.3K | 2026-11-12 00:00 |
| Crypto.com | MAGICUSD-PERP | -0.0059% | 1 h | −51.6% | +17.7% | $1.4K | 2026-11-12 00:00 |
| OKX | MAGIC-USDT-SWAP | -0.0252% | 4 h | −55.2% | +2.6% | $1.6M | 2026-11-12 00:00 |
Borrow MAGIC to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| OKX | 7.68% | — |
| Bybit | 7.97% | — |
| Gate | 56.35% | $20K |
| Binance | 57.56% | — |
Cost to enter $10,000 of MAGIC
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | MAGIC_USDT | 3.2 bp | top of book only |
| Binance | MAGICUSDT | 5.6 bp | top of book only |
| BingX | MAGIC-USDT | 5.6 bp | top of book only |
| Variational | MAGIC-PERP | 6.2 bp | top of book only |
| OKX | MAGIC-USDT-SWAP | 6.2 bp | top of book only |
| BloFin | MAGIC-USDT | 7.2 bp | top of book only |
| Bitget | MAGICUSDT | 9.1 bp | top of book only |
| Gate | MAGIC_USDT | 9.4 bp | top of book only |
| Bybit | MAGICUSDT | 9.8 bp | top of book only |
| Binance | MAGICUSDT (spot) | 16.2 bp | top of book only |
| OKX | MAGIC-USDT (spot) | 16.8 bp | top of book only |
| Bybit | MAGICUSDT (spot) | 22.4 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on MAGIC
Questions
Is MAGIC funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no MAGIC pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest MAGIC funding rate?
Bybit at +10.9% a year (0.0050% every 4 h); the lowest is OKX at −55.2%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
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.