# MAGMA funding rates and arbitrage

Updated 2026-10-29 21:01 UTC · https://afterfees.xyz/coin/MAGMA

## Best MAGMA arbitrage after every cost

No MAGMA 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._

## MAGMA funding rate on every exchange

| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| [Extended](https://afterfees.xyz/venues/extended) | MAGMA-USD | 0.0013% | 1 h | +11.4% | +14.1% | $1.9K | 2026-10-29 22:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | MAGMAUSDTM | 0.0050% | 4 h | +10.9% | +2.7% | $466.9K | 2026-10-30 00:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | MAGMAUSDT | 0.0050% | 4 h | +10.9% | +14.4% | — | 2026-10-30 00:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | MAGMA_USDT | 0.0050% | 4 h | +10.9% | +14.3% | $5.1M | 2026-10-30 00:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | MAGMAUSDT | 0.0050% | 4 h | +10.9% | +11.1% | $2.3M | 2026-10-30 00:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | MAGMAUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-30 00:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | MAGMA-USDT | 0.0050% | 4 h | +10.9% | +9.6% | $1M | 2026-10-30 00:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | MAGMAUSDT | 0.0050% | 4 h | +10.9% | +9.9% | $1.9M | 2026-10-30 00:00 |
| [Aster](https://afterfees.xyz/venues/aster) | MAGMAUSDT | 0.0050% | 4 h | +10.9% | +37.1% | $611.3K | 2026-10-30 00:00 |
| [Variational](https://afterfees.xyz/venues/variational) | MAGMA-PERP | 0.0050% | 4 h | +10.9% | — | $8.7K | 2026-10-30 00:00 |
| [Binance](https://afterfees.xyz/venues/binance) | MAGMAUSDT | 0.0050% | 4 h | +10.9% | +14.2% | $4.8M | 2026-10-30 00:00 |
| [Gate](https://afterfees.xyz/venues/gate) | MAGMA_USDT | 0.0050% | 4 h | +10.9% | +9.3% | $659.2K | 2026-10-30 00:00 |

## Borrow MAGMA to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 1.21% | — |
| Gate | 11.11% | $120K |

## Cost to enter $10,000 of MAGMA

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | MAGMA_USDT | 3.7 bp | top of book only |
| Binance | MAGMAUSDT | 5.5 bp | top of book only |
| Extended | MAGMA-USD | 6.8 bp | top of book only |
| BingX | MAGMA-USDT | 7.1 bp | top of book only |
| Variational | MAGMA-PERP | 8.6 bp | top of book only |
| Aster | MAGMAUSDT | 8.8 bp | top of book only |
| Bybit | MAGMAUSDT | 8.9 bp | top of book only |
| Bitget | MAGMAUSDT | 11.3 bp | top of book only |
| Gate | MAGMA_USDT | 11.8 bp | top of book only |
| Bitget | MAGMAUSDT (spot) | 14.3 bp | top of book only |
| Gate | MAGMA_USDT (spot) | 25.5 bp | top of book only |
| KuCoin | MAGMAUSDTM | 62.2 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 MAGMA

- [Borrow MAGMA: rates on every exchange](https://afterfees.xyz/borrow/MAGMA)

## Questions

**Is MAGMA funding-rate arbitrage profitable right now?**

Not at $10,000 per side for 7 days: no MAGMA 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 MAGMA funding rate?**

Extended at +11.4% a year (0.0013% every 1 h); the lowest is Gate at +10.9%. 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._