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Funding rates · MAGIC-USDT
MAGIC-USDT
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Browse all contracts →MAGIC-USDT funding rate today on 5 exchanges
Live MAGIC-USDT perpetual funding rates on Binance, OKX, Bybit, Bitget and Gate, converted into what holding the position costs in dollars.
Updated 2026-10-21 00:10 UTC
MAGIC-USDT
Cost of holding this position
-$39.60
$10.0k · 30 days · 1x Long
BitgetCopy tradingLast 24 settlements
5 exchangesBitgetCopy trading-0.0022%
BinanceDeep liquidity+0.0002%
OKXTrading tools+0.0050%
BybitDerivatives+0.0050%
GateWide selection+0.0100%The estimate assumes today's funding rate stays the same for the whole holding period. In practice the rate changes at every settlement.
MAGIC-USDT · Long
MAGIC funding rate by exchange
| # | Exchange | 24h volume | Funding rate | Annualised | Bid-ask spread | Cost for a long |
|---|---|---|---|---|---|---|
| 1 | BitgetCopy trading Cheapest |
$403.7k | -0.0022%/4h | -4.82% | 0.0209% | -$39.60 |
| 2 | BinanceDeep liquidity |
$13.5M | +0.0002%/4h | 0.35% | 0.0104% | +$2.84 |
| 3 | OKXTrading tools |
$15.2M | +0.0050%/4h | 10.95% | 0.0104% | +$90.00 |
| 4 | BybitDerivatives |
$2.2M | +0.0050%/4h | 10.95% | 0.0313% | +$90.00 |
| 5 | GateWide selection |
$2.4M | +0.0100%/8h | 10.95% | 0.0208% | +$90.00 |
Enter your monthly volume, order mix and holding time to compare trading fees, funding and spread on each exchange, cheapest first.
MAGIC-USDT
Where holding MAGIC was cheapest over 90 days
Over the last 90 days a $10,000 long received $167.57 in funding on OKX, the cheapest of 5 exchanges, and received $34.80 on Gate, the most expensive: a difference of $132.77.
The ranking runs the other way for shorts: a $10,000 short paid $34.80 on Gate, the best exchange for a short.
OKX was also the cheapest for longs over the last 7 and 30 days, so the ranking has held.
Running total of funding paid by a $10,000 long, day by day, on one scale for every exchange. Above the line the long paid; below it, it received.
OKX
-$167.57
Bitget
-$163.92
Bybit
-$154.38
Binance
-$101.16
Gate
-$34.80
MAGIC-USDT
MAGIC funding rate history: last 90 days
What a $10,000 long position would have paid (+) or received (−) in funding on each exchange, at the funding rates each exchange published for every settlement. For a short, the signs are reversed.
| Exchange | Settlements | Last 7 days | Last 30 days | Last 90 days | Average, annualised | Positive settlements | Lowest / highest |
|---|---|---|---|---|---|---|---|
| OKX |
180 /4h | -$8.81 | -$278.43 | -$167.57 | -33.88% | 65% | -0.4978% / +0.0050% |
| Binance |
180 /4h | -$8.48 | -$232.11 | -$101.16 | -28.24% | 73% | -0.4688% / +0.0050% |
| Bybit |
180 /4h | +$10.76 | -$229.77 | -$154.38 | -27.95% | 87% | -0.6181% / +0.0114% |
| Bitget |
180 /4h | -$8.00 | -$224.94 | -$163.92 | -27.37% | 73% | -0.4600% / +0.0286% |
| Gate |
90 /8h | +$17.80 | -$121.08 | -$34.80 | -14.73% | 90% | -0.8363% / +0.0464% |
MAGIC-USDT
MAGIC funding rate history by day
Each cell adds up every settlement on that exchange during one UTC day. Multiply by your position size for the day's payment: +0.0300% on $10,000 is $3.
| Date (UTC) | OKX | Binance | Bybit | Bitget | Gate |
|---|---|---|---|---|---|
| 2026-10-20 | +0.0203% | -0.0507% | +0.0300% | -0.0393% | +0.0300% |
| 2026-10-19 | -0.0450% | -0.0206% | +0.0300% | -0.0184% | +0.0300% |
| 2026-10-18 | -0.0385% | -0.0078% | +0.0300% | -0.0055% | +0.0300% |
| 2026-10-17 | +0.0300% | +0.0178% | +0.0300% | +0.0073% | +0.0300% |
| 2026-10-16 | -0.0009% | +0.0203% | +0.0300% | +0.0269% | +0.0310% |
| 2026-10-15 | -0.0357% | -0.0178% | -0.0078% | -0.0088% | +0.0067% |
| 2026-10-14 | -0.0204% | -0.0217% | -0.0392% | -0.0343% | +0.0203% |
| 2026-10-13 | +0.0015% | +0.0141% | +0.0171% | +0.0192% | +0.0300% |
| 2026-10-12 | -0.0015% | -0.0229% | +0.0284% | +0.0300% | +0.0309% |
| 2026-10-11 | -0.3266% | -0.3182% | -0.2392% | -0.2602% | -0.3552% |
| 2026-10-10 | -1.2715% | -1.0681% | -1.1606% | -1.2501% | -0.8040% |
| 2026-10-09 | -0.1156% | +0.0125% | +0.0300% | -0.0011% | +0.0300% |
| 2026-10-08 | +0.0211% | +0.0300% | +0.0300% | +0.0300% | +0.0300% |
| 2026-10-07 | +0.0209% | +0.0300% | +0.0300% | +0.0300% | +0.0300% |
MAGIC-USDT
MAGIC funding rate: common questions
Do longs or shorts pay MAGIC funding right now?
It depends on the exchange. Longs pay on Binance, OKX, Bybit and Gate, while shorts pay on Bitget, so the same MAGIC position costs money on one exchange and earns it on another.
Is the MAGIC funding rate high right now?
Not unusually. At the last settlement on OKX the rate was +0.0045%, close to its typical size of 0.0050% per settlement over the past 30 days.
Is the MAGIC perpetual trading above or below spot?
Below. On the 5 exchanges that publish an index price, the MAGIC perpetual's mark price is 0.0000% to 0.1025% below the spot index. Exchanges combine this discount with a small interest component to set the next funding rate, so a lasting discount pulls funding down, although many contracts stay at the default +0.0100% until the discount is large.
Which exchange was cheapest for holding MAGIC over the last 90 days?
Over the last 90 days a $10,000 long received $167.57 in funding on OKX, the cheapest of 5 exchanges, and received $34.80 on Gate, the most expensive: a difference of $132.77.
The ranking runs the other way for shorts: a $10,000 short paid $34.80 on Gate, the best exchange for a short.
OKX was also the cheapest for longs over the last 7 and 30 days, so the ranking has held.
Which exchange has the most MAGIC perpetual trading volume?
OKX has the most: 45.1% of the $33.8M in MAGIC perpetual futures traded across these exchanges in the last 24 hours, followed by Binance with 40.1%.
Open interest adds up to $16.9M on the exchanges that report it, the largest share on Binance (41.1%).
When is the next MAGIC funding payment?
Binance, OKX, Bybit and Bitget: every 4 hours, next at 2026-10-21 04:00 UTC.
Gate: every 8 hours, next at 2026-10-21 08:00 UTC.
Only positions that are open at the settlement time pay or receive funding.
What was the highest MAGIC funding rate in the last 30 days?
The highest settled rate was +0.0464% on Gate (2026-09-22 08:00 UTC); the lowest was -0.8363% on Gate (2026-10-10 16:00 UTC).
On OKX the rate switched between positive and negative 44 times over the 30 days.
How much has MAGIC funding cost over the past 30 days?
At the funding rates each exchange published, holding a $10,000 long for the past 30 days would have cost -$278.43 on OKX, the least, and -$121.08 on Gate, the most.
Over the past 90 days it would have cost -$167.57 on OKX, the least, and -$34.80 on Gate, the most.
A negative amount means the long position was paid funding instead of charged.
Funding rates are reset at every settlement, so these answers describe today's market, not a forecast.
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