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 2026-10-29 19:03 UTC
MAGIC borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| OKX | 13.51% | 14.06% | 13.95% | 14.06% | $6.4K | not published | Borrowable |
| Bybit | 14.01% | 14.14% | 13.94% | 14.14% | $4.9K | not published | Borrowable |
| Gate | 57.11% | 57.30% | 56.22% | 57.30% * | $20K | not published | Borrowable |
| Binance | 52.25% | 62.17% | 59.79% | 62.17% | $5.2K | 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 14.06% 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.