OKX MAGIC perpetual
MAGIC-USDT-SWAP
As of 2026-10-11 00:26 UTC, MAGIC-USDT-SWAP on OKX has a collected rate of -0.0545% over 4h, or -119.41% simple annualised; its collected settlement interval is 4h, with up to 20x leverage. Gate has a lower rate for longs at -238.93%.
Settled rates over the past 30 days
Settled funding for MAGIC-USDT-SWAP
The latest 30-day window contains 179 settlements covering 716 known-period hours, with a cumulative rate of -2.1144%. The latest 12 settlements are shown below.
| Settlement time (UTC) | Rate | Rate period |
|---|---|---|
| 2026-10-10 20:00 | -0.1668% | 4h |
| 2026-10-10 16:00 | -0.4193% | 4h |
| 2026-10-10 12:00 | -0.4978% | 4h |
| 2026-10-10 08:00 | -0.1405% | 4h |
| 2026-10-10 04:00 | -0.0289% | 4h |
| 2026-10-10 00:00 | -0.0182% | 4h |
| 2026-10-09 20:00 | -0.0192% | 4h |
| 2026-10-09 16:00 | -0.0776% | 4h |
| 2026-10-09 12:00 | -0.0201% | 4h |
| 2026-10-09 08:00 | -0.0087% | 4h |
| 2026-10-09 04:00 | +0.0050% | 4h |
| 2026-10-09 00:00 | +0.0050% | 4h |
The cumulative rate sums actual settlements with known periods. Positive totals mean net payment by longs and receipt by shorts; negative totals reverse the direction. If notional value changed, multiplying the current position by this total will not reproduce account cash flows. Historical rates do not predict returns.
What does this rate mean for a 10,000 USDT position?
For MAGIC-USDT-SWAP, 10,000 USDT of notional × -0.054527% gives 5.4527 USDT over the quoted 4h rate period: longs receive and shorts pay. This is a constant-rate illustration, not a settled bill or a forecast. Use the actual settlement rate and notional at each settlement; leverage is not multiplied again. Trading fees are separate.
How do I select the margin tier for MAGIC-USDT-SWAP?
This table selects tiers by base-asset quantity in MAGIC, not by the amount of margin deposited. The first tier starts at 0 and ends at 150000 MAGIC. Above that, tier 2 requires 3.0000% maintenance margin.
Contract units and calculator input
One MAGIC-USDT-SWAP contract represents 1 MAGIC. Order lot size is expressed in the venue’s original unit. The liquidation calculator expects base-asset quantity; do not enter a contract count without converting units.
Further readingHow liquidation price is calculated: tiered maintenance margin and deductionsHow funding fees work: amounts, signs and settlement
Maintenance margin ladder
No deduction · An isolated-margin estimate for linear contracts; excludes closing fees, accrued funding, auto-added margin and other positions.
| 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 | — |
Contract specification
Quote currency: USDT · Settlement currency: USDT · Settlement interval: 4h (00:00 · 04:00 · 08:00 · 12:00 · 16:00 · 20:00 UTC). Lot size uses the venue’s original order unit; the calculator takes base-asset quantity. Settlement intervals and times on every venue.
The same asset elsewhere
| Venue | Contract | Rate period | Annualised |
|---|---|---|---|
| Gate | MAGIC_USDT | 8h | -238.93% |
| Bybit | MAGICUSDT | 4h | -198.09% |
| OKX this page | MAGIC-USDT-SWAP | 4h | -119.41% |
| Binance | MAGICUSDT | 4h | -106.35% |
| Bitget | MAGICUSDT | 4h | -101.40% |
Common questions
What is the OKX MAGIC funding rate?
The latest collected OKX MAGIC funding rate is -0.0545% per 4h rate period, or -119.41% simple annualised. At this rate shorts pay longs.
How often is funding charged on OKX MAGIC?
The collected settlement interval is 4h, normally 6 times a day. Settlements fall at 00:00, 04:00, 08:00, 12:00, 16:00 and 20:00 UTC, the same times in UTC+8. Venues can change it again; confirm the next settlement time on the venue's contract page.
What is the maximum leverage on OKX MAGIC?
The collected leverage cap for OKX MAGIC is 20x, with 87 margin tiers shown. The first margin tier, up to 150000 MAGIC, allows 20x; the second allows 15x.
What is the maintenance margin rate on OKX MAGIC?
The first tier requires 2.0000%, with 87 available tiers. The applicable requirement depends on the position’s tier. This venue applies no deduction: maintenance margin = notional × the rate of the tier the position falls in.
Which venue has the lowest MAGIC funding cost for longs?
For a long position, Gate currently has the lowest rate at -238.93% annualised; this page's OKX is at -119.41%. Negative funding pays longs. Trading costs are excluded, and the cash-flow direction reverses for shorts.
What has OKX MAGIC funding paid over the past 30 days?
Settlements over the past 30 days annualise to -25.87% across 179 settlements, 19% of which were negative (shorts paying). That is what already happened, not a forecast.
Observation time and verification
This contract’s funding was observed at 2026-10-11 00:26 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. OKX official data source · Funding methodology
History coverage for this contract
179 settlements are available, covering 716 known-period hours, from 2026-09-11 04:00 to 2026-10-10 20:00 UTC. Annualisation uses those covered hours; a full 30-day record is not implied.