English
中文 English

MAGIC perpetuals

Compare funding costs for one asset across venues.

Data as of 2026-10-10 23:23 UTC

MAGIC is quoted on 5 contracts. The highest funding rate is on Bybit at -14.55% annualised, quoted per 4h, and the lowest is on Gate at -197.10% — a gap of 182.55 points. Rate periods differ across these contracts, so each is converted to a simple annualised figure before comparison.

Highest rate now
-14.55%
Bybit · 4h
Lowest rate now
-197.10%
Gate · 8h
Spread
182.55
points
Highest 30d realised APR
-9.88%
Gate

By venue

Venue Rate Annualised 30d realised APR Max leverage 24h turnover Actions
BybitCentralisedMAGICUSDT -0.0066%4h -14.55% -23.20%
Annualised · -23.20% · range -1353.7% … +25.1% · 180 settlements
25x 109.9M
Liquidation → Trade
BinanceCentralisedMAGICUSDT -0.0536%4h -117.37% -19.69%
Annualised · -19.69% · range -1026.6% … +11.0% · 180 settlements
50x 850.9M
Liquidation → Trade
OKXCentralisedMAGIC-USDT-SWAP -0.0610%4h -133.59% -25.66%
Annualised · -25.66% · range -1090.2% … +11.0% · 180 settlements
20x 476.0M
Liquidation → Trade
BitgetCentralisedMAGICUSDT -0.0657%4h -143.88% -20.36%
Annualised · -20.36% · range -1007.4% … +62.6% · 180 settlements
25x 87.3M
Liquidation → Trade
GateCentralisedMAGIC_USDT -0.1800%8h -197.10% -9.88%
Annualised · -9.88% · range -915.7% … +81.5% · 90 settlements
50x 62.9M
Liquidation → Trade

Common questions

Which exchanges list MAGIC perpetual futures?

MAGIC trades as 5 perpetual contracts across 5 venues: Binance, Bitget, Bybit, Gate and OKX. The busiest is Binance, with $850.9M of 24h turnover — 54% of the total.

Where is MAGIC funding cheapest right now?

For a long, the most favourable collected rate is -197.10% annualised on Gate; for a short, it is -14.55% on Bybit — a gap of 182.55 points. Every venue collected has shorts paying right now.

How much funding does a 10,000 USDT MAGIC position pay per day?

At current rates a 10,000 USDT long pays about -3.99 USDT a day on Bybit and -54.00 USDT on Gate. Over the past 30 days Bybit actually settled an average of -6.36 USDT a day on the same position. A negative figure means the long is paid.

How often does MAGIC funding settle?

It depends on the venue: Binance, Bitget, Bybit and OKX every 4h; Gate every 8h.

What has MAGIC funding actually paid over the past 30 days?

The highest realised figure was on Gate: -9.88% annualised across 90 settlements, 8% of them negative. The lowest was OKX, at -25.66%. 5 of the 5 contracts have at least a week of settled history to measure.

What is the highest leverage available on MAGIC?

The highest collected cap is 50x, on Binance and Gate. On Binance it applies up to 5K USDT of notional; above that the cap drops to 20x.

Further readingCross-venue funding spreads: from gross rates to net P&LHow funding fees work: amounts, signs and settlementHow liquidation price is calculated: tiered maintenance margin and deductions

MAGIC comparison scope and payment direction

Positive funding is paid by longs; negative funding is paid by shorts. High and low are rate values, not recommendations. Annualisation method · Official sources.

Rates and chart methodology

Annualised over the window sums what actually settled on that contract, then extrapolates across the hours those settlements covered — it is not today's rate projected forward. A contract listed less than 30 days ago is extrapolated from its own span. The grey line is zero: above it longs pay, below it shorts pay. Every row in that column shares one vertical scale, so their swings can be compared directly.

Trading link disclosure

Affiliate disclosure: We may earn a commission if you register and trade through some links. Partnerships do not influence the data displayed or rankings.

Margin ladders

Bybit · MAGICUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 2.0000% 25.00x —
2 5000 – 10000 quote 2.5000% 20.00x 25
3 10000 – 12000 quote 3.1300% 16.00x 88
4 12000 – 14000 quote 3.5700% 14.00x 140.8
5 14000 – 16000 quote 4.1700% 12.00x 224.8
6 16000 – 18000 quote 4.5500% 11.00x 285.6
7 18000 – 20000 quote 5.0000% 10.00x 366.6
8 20000 – 23500 quote 5.5600% 9.00x 478.6
9 23500 – 27000 quote 6.2500% 8.00x 640.75
10 27000 – 30500 quote 6.6700% 7.50x 754.15
11 30500 – 34000 quote 7.1400% 7.00x 897.5
12 34000 – 37500 quote 7.6900% 6.50x 1084.5
13 37500 – 41000 quote 8.3300% 6.00x 1324.5
14 41000 – 44500 quote 9.0900% 5.50x 1636.1
15 44500 – 50000 quote 10.0000% 5.00x 2041.05
16 50000 – 62500 quote 10.5300% 4.75x 2306.05
17 62500 – 75000 quote 11.1100% 4.50x 2668.55
18 75000 – 87500 quote 11.7600% 4.25x 3156.05
19 87500 – 100000 quote 12.5000% 4.00x 3803.55
20 100000 – 125000 quote 13.3300% 3.75x 4633.55
21 125000 – 150000 quote 14.2900% 3.50x 5833.55
22 150000 – 175000 quote 15.3800% 3.25x 7468.55
23 175000 – 200000 quote 16.6700% 3.00x 9726.05
24 200000 – 250000 quote 18.1800% 2.75x 12746.05
25 250000 – 300000 quote 20.0000% 2.50x 17296.05
26 300000 – 350000 quote 22.2200% 2.25x 23956.05
27 350000 – 500000 quote 25.0000% 2.00x 33686.05
28 500000 – 1000000 quote 28.5700% 1.75x 51536.05
29 1000000 – 1750000 quote 33.3300% 1.50x 99136.05
30 1750000 – ∞ quote 50.0000% 1.00x 390861.05

Binance · MAGICUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 1.5000% 50.00x —
2 5000 – 10000 quote 2.5000% 20.00x 50
3 10000 – 20000 quote 5.0000% 10.00x 300
4 20000 – 50000 quote 10.0000% 5.00x 1300
5 50000 – 250000 quote 12.5000% 4.00x 2550
6 250000 – 500000 quote 16.6700% 3.00x 12975
7 500000 – 7500000 quote 25.0000% 2.00x 54625
8 7500000 – 12500000 quote 50.0000% 1.00x 1929625

OKX · MAGIC-USDT-SWAP No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 150000 base 2.0000% 20.00x —
2 150001 – 320000 base 3.0000% 15.00x —
3 320001 – 480000 base 4.0000% 12.50x —
4 480001 – 600000 base 4.5000% 11.76x —
5 600001 – 750000 base 5.0000% 11.11x —
6 750001 – 900000 base 5.5000% 10.52x —
7 900001 – 1050000 base 6.0000% 10.00x —
8 1050001 – 1200000 base 6.5000% 9.52x —
9 1200001 – 1350000 base 7.0000% 9.09x —
10 1350001 – 1500000 base 7.5000% 8.69x —
11 1500001 – 1650000 base 8.0000% 8.33x —
12 1650001 – 1800000 base 8.5000% 8.00x —
13 1800001 – 1950000 base 9.0000% 7.69x —
14 1950001 – 2100000 base 9.5000% 7.40x —
15 2100001 – 2250000 base 10.0000% 7.14x —
16 2250001 – 2400000 base 10.5000% 6.89x —
17 2400001 – 2550000 base 11.0000% 6.66x —
18 2550001 – 2700000 base 11.5000% 6.45x —
19 2700001 – 2850000 base 12.0000% 6.25x —
20 2850001 – 3000000 base 12.5000% 6.06x —
21 3000001 – 3150000 base 13.0000% 5.88x —
22 3150001 – 3300000 base 13.5000% 5.71x —
23 3300001 – 3450000 base 14.0000% 5.55x —
24 3450001 – 3600000 base 14.5000% 5.40x —
25 3600001 – 3750000 base 15.0000% 5.26x —
26 3750001 – 3900000 base 15.5000% 5.12x —
27 3900001 – 4050000 base 16.0000% 5.00x —
28 4050001 – 4200000 base 16.5000% 4.87x —
29 4200001 – 4350000 base 17.0000% 4.76x —
30 4350001 – 4500000 base 17.5000% 4.65x —
31 4500001 – 4650000 base 18.0000% 4.54x —
32 4650001 – 4800000 base 18.5000% 4.44x —
33 4800001 – 4950000 base 19.0000% 4.34x —
34 4950001 – 5100000 base 19.5000% 4.25x —
35 5100001 – 5250000 base 20.0000% 4.16x —
36 5250001 – 5400000 base 20.5000% 4.08x —
37 5400001 – 5550000 base 21.0000% 4.00x —
38 5550001 – 5700000 base 21.5000% 3.92x —
39 5700001 – 5850000 base 22.0000% 3.84x —
40 5850001 – 6000000 base 22.5000% 3.77x —
41 6000001 – 6150000 base 23.0000% 3.70x —
42 6150001 – 6300000 base 23.5000% 3.63x —
43 6300001 – 6450000 base 24.0000% 3.57x —
44 6450001 – 6600000 base 24.5000% 3.50x —
45 6600001 – 6750000 base 25.0000% 3.44x —
46 6750001 – 6900000 base 25.5000% 3.38x —
47 6900001 – 7050000 base 26.0000% 3.33x —
48 7050001 – 7200000 base 26.5000% 3.27x —
49 7200001 – 7350000 base 27.0000% 3.22x —
50 7350001 – 7500000 base 27.5000% 3.17x —
51 7500001 – 7650000 base 28.0000% 3.12x —
52 7650001 – 7800000 base 28.5000% 3.07x —
53 7800001 – 7950000 base 29.0000% 3.03x —
54 7950001 – 8100000 base 29.5000% 2.98x —
55 8100001 – 8250000 base 30.0000% 2.94x —
56 8250001 – 8400000 base 30.5000% 2.89x —
57 8400001 – 8550000 base 31.0000% 2.85x —
58 8550001 – 8700000 base 31.5000% 2.81x —
59 8700001 – 8850000 base 32.0000% 2.77x —
60 8850001 – 9000000 base 32.5000% 2.73x —
61 9000001 – 9150000 base 33.0000% 2.70x —
62 9150001 – 9300000 base 33.5000% 2.66x —
63 9300001 – 9450000 base 34.0000% 2.63x —
64 9450001 – 9600000 base 34.5000% 2.59x —
65 9600001 – 9750000 base 35.0000% 2.56x —
66 9750001 – 9900000 base 35.5000% 2.53x —
67 9900001 – 10050000 base 36.0000% 2.50x —
68 10050001 – 10200000 base 36.5000% 2.46x —
69 10200001 – 10350000 base 37.0000% 2.43x —
70 10350001 – 10500000 base 37.5000% 2.40x —
71 10500001 – 10650000 base 38.0000% 2.38x —
72 10650001 – 10800000 base 38.5000% 2.35x —
73 10800001 – 10950000 base 39.0000% 2.32x —
74 10950001 – 11100000 base 39.5000% 2.29x —
75 11100001 – 11250000 base 40.0000% 2.27x —
76 11250001 – 11400000 base 40.5000% 2.24x —
77 11400001 – 11550000 base 41.0000% 2.22x —
78 11550001 – 11700000 base 41.5000% 2.19x —
79 11700001 – 11850000 base 42.0000% 2.17x —
80 11850001 – 12000000 base 42.5000% 2.15x —
81 12000001 – 12150000 base 43.0000% 2.12x —
82 12150001 – 12300000 base 43.5000% 2.10x —
83 12300001 – 12450000 base 44.0000% 2.08x —
84 12450001 – 12600000 base 44.5000% 2.06x —
85 12600001 – 12750000 base 45.0000% 2.04x —
86 12750001 – 12900000 base 45.5000% 2.02x —
87 12900001 – 13050000 base 46.0000% 2.00x —

Bitget · MAGICUSDT No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 2.0000% 25.00x —
2 5000 – 10000 quote 3.0000% 20.00x —
3 10000 – 20000 quote 4.0000% 15.00x —
4 20000 – 30000 quote 5.0000% 10.00x —
5 30000 – 40000 quote 7.0000% 8.00x —
6 40000 – 50000 quote 12.0000% 5.00x —
7 50000 – 250000 quote 15.0000% 4.00x —
8 250000 – 7500000 quote 30.0000% 2.00x —
9 7500000 – ∞ quote 60.0000% 1.00x —

Gate · MAGIC_USDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 1.0000% 50.00x —
2 5000 – 10000 quote 1.5000% 40.00x 25
3 10000 – 20000 quote 2.5000% 25.00x 125
4 20000 – 50000 quote 3.5000% 20.00x 325
5 50000 – 100000 quote 4.5000% 16.00x 825
6 100000 – 150000 quote 6.5000% 12.00x 2825
7 150000 – 200000 quote 8.0000% 10.00x 5075
8 200000 – 500000 quote 10.0000% 8.00x 9075
9 500000 – 700000 quote 12.0000% 6.60x 19075
10 700000 – 1000000 quote 15.0000% 5.00x 40075
11 1000000 – 1500000 quote 20.0000% 4.00x 90075
12 1500000 – 2000000 quote 28.0000% 3.00x 210075
13 2000000 – 2500000 quote 35.0000% 2.50x 350075
14 2500000 – 3000000 quote 45.0000% 2.00x 600075
15 3000000 – 4000000 quote 60.0000% 1.50x 1050075
16 4000000 – 5000000 quote 78.0000% 1.20x 1770075
17 5000000 – ∞ quote 90.0000% 1.05x 2370075