MAGIC funding rates and arbitrage
Updated 2026-10-29 19:46 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 |
|---|---|---|---|---|---|---|---|
| WhiteBIT | MAGIC_PERP | 0.0050% | 4 h | +10.9% | +11.0% | $1.5M | 2026-10-29 20:00 |
| Bitget | MAGICUSDT | 0.0050% | 4 h | +10.9% | +11.0% | $744K | 2026-10-29 20:00 |
| HTX | MAGIC-USDT | 0.0050% | 4 h | +10.9% | +11.0% | $17.8K | 2026-10-29 20:00 |
| Variational | MAGIC-PERP | 0.0050% | 4 h | +10.9% | — | $6K | 2026-10-29 20:00 |
| Gate | MAGIC_USDT | 0.0075% | 8 h | +8.2% | +10.2% | $1.6M | 2026-10-30 00:00 |
| Binance | MAGICUSDT | 0.0015% | 4 h | +3.4% | +4.0% | $6M | 2026-10-29 20:00 |
| MEXC | MAGIC_USDT | 0.0013% | 4 h | +2.8% | +4.0% | $513.5K | 2026-10-29 20:00 |
| WOO X | PERP_MAGIC_USDT | 0.0013% | 4 h | +2.8% | +4.0% | $0 | 2026-10-29 20:00 |
| LBank | MAGICUSDT | 0.0012% | 4 h | +2.6% | — | — | 2026-10-29 20:00 |
| BloFin | MAGIC-USDT | 0.0010% | 4 h | +2.2% | +3.8% | $273.8K | 2026-10-29 20:00 |
| Bitunix | MAGICUSDT | 0.0001% | 4 h | +0.3% | +3.0% | — | 2026-10-29 20:00 |
| OKX | MAGIC-USDT-SWAP | -0.0058% | 4 h | −12.7% | +2.5% | $1.9M | 2026-10-29 20:00 |
| KuCoin | MAGICUSDTM | -0.0070% | 4 h | −15.3% | −12.0% | $393.8K | 2026-10-29 20:00 |
| BingX | MAGIC-USDT | -0.0127% | 4 h | −27.8% | −2.9% | $1.3M | 2026-10-29 20:00 |
| Bybit | MAGICUSDT | -0.0133% | 4 h | −29.1% | +2.9% | $1.5M | 2026-10-29 20:00 |
| Crypto.com | MAGICUSD-PERP | -0.0076% | 1 h | −66.7% | +39.8% | $6.8K | 2026-10-29 20:00 |
Borrow MAGIC to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| OKX | 14.04% | — |
| Bybit | 14.13% | — |
| Gate | 57.29% | $20K |
| Binance | 61.76% | — |
Cost to enter $10,000 of MAGIC
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Binance | MAGICUSDT | 14.8 bp | live order book |
| BingX | MAGIC-USDT | 15.8 bp | live order book |
| Gate | MAGIC_USDT | 26.7 bp | live order book |
| MEXC | MAGIC_USDT | 2.6 bp | top of book only |
| Variational | MAGIC-PERP | 4.9 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 | 8.4 bp | top of book only |
| Binance | MAGICUSDT (spot) | 16.1 bp | top of book only |
| OKX | MAGIC-USDT (spot) | 16.7 bp | top of book only |
| KuCoin | MAGICUSDTM | 17.0 bp | top of book only |
| Bybit | MAGICUSDT (spot) | 19.8 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?
WhiteBIT at +10.9% a year (0.0050% every 4 h); the lowest is Crypto.com at −66.7%. 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.