# MAGIC funding rates and arbitrage

Updated 2026-10-31 13:26 UTC · https://afterfees.xyz/coin/MAGIC

## 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 |
|---|---|---|---|---|---|---|---|
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | MAGICUSD-PERP | 0.0049% | 1 h | +43.0% | +35.1% | $6.9K | 2026-10-31 14:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | MAGICUSDTM | 0.0050% | 4 h | +10.9% | −9.6% | $509.2K | 2026-10-31 16:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | MAGICUSDT | 0.0050% | 4 h | +10.9% | +2.7% | $1.3M | 2026-10-31 16:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | MAGIC_USDT | 0.0050% | 4 h | +10.9% | +6.2% | $546.8K | 2026-10-31 16:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | MAGIC_PERP | 0.0050% | 4 h | +10.9% | +11.1% | $1.3M | 2026-10-31 16:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | MAGICUSDT | 0.0050% | 4 h | +10.9% | +11.1% | $735.9K | 2026-10-31 16:00 |
| [OKX](https://afterfees.xyz/venues/okx) | MAGIC-USDT-SWAP | 0.0050% | 4 h | +10.9% | +4.6% | $1.6M | 2026-10-31 16:00 |
| [HTX](https://afterfees.xyz/venues/htx) | MAGIC-USDT | 0.0050% | 4 h | +10.9% | +11.1% | $16.6K | 2026-10-31 16:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | MAGICUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-31 16:00 |
| [WOO X](https://afterfees.xyz/venues/woox) | PERP_MAGIC_USDT | 0.0050% | 4 h | +10.9% | +6.2% | $0 | 2026-10-31 16:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | MAGICUSDT | 0.0050% | 4 h | +10.9% | +5.3% | — | 2026-10-31 16:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | MAGIC-USDT | 0.0050% | 4 h | +10.9% | +0.6% | $926.9K | 2026-10-31 16:00 |
| [Binance](https://afterfees.xyz/venues/binance) | MAGICUSDT | 0.0050% | 4 h | +10.9% | +6.2% | $5.3M | 2026-10-31 16:00 |
| [Gate](https://afterfees.xyz/venues/gate) | MAGIC_USDT | 0.0100% | 8 h | +10.9% | +8.7% | $1.3M | 2026-10-31 16:00 |
| [Variational](https://afterfees.xyz/venues/variational) | MAGIC-PERP | 0.0050% | 4 h | +10.9% | — | $5.5K | 2026-10-31 16:00 |
| [BloFin](https://afterfees.xyz/venues/blofin) | MAGIC-USDT | 0.0047% | 4 h | +10.2% | +5.7% | $255.8K | 2026-10-31 16:00 |

## Borrow MAGIC to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| OKX | 10.86% | — |
| Bybit | 13.75% | — |
| Binance | 52.40% | — |
| Gate | 57.71% | $20K |

## Cost to enter $10,000 of MAGIC

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | MAGIC_USDT | 2.6 bp | top of book only |
| Variational | MAGIC-PERP | 4.9 bp | top of book only |
| OKX | MAGIC-USDT-SWAP | 5.6 bp | top of book only |
| Binance | MAGICUSDT | 5.6 bp | top of book only |
| BingX | MAGIC-USDT | 8.0 bp | top of book only |
| Bitget | MAGICUSDT | 8.4 bp | top of book only |
| BloFin | MAGIC-USDT | 9.0 bp | top of book only |
| Bybit | MAGICUSDT | 9.1 bp | top of book only |
| Gate | MAGIC_USDT | 9.9 bp | top of book only |
| OKX | MAGIC-USDT (spot) | 16.7 bp | top of book only |
| KuCoin | MAGICUSDTM | 16.9 bp | top of book only |
| Bybit | MAGICUSDT (spot) | 20.3 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

- [Borrow MAGIC: rates on every exchange](https://afterfees.xyz/borrow/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?**

Crypto.com at +43.0% a year (0.0049% every 1 h); the lowest is BloFin at +10.2%. 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._