MAGIC$0.05337-6.36%Market Cap$18.17M
Circulating Supply337,598,461
Total Supply347,687,043
WebsiteWebsiteWhitepaper
Explorers
MAGIC$0.05337-6.36%Open Interest+23.59%$9.30M
Futures Volume+713.93%$63.63M
Liquidation+4097.63%$271.00K
Long Liquidation+6422.33%$204.19K
Short Liquidation+2068.41%$66.81K
MAGIC Long/Short All0.858
Binance Long/Short0.911
OKX Long/Short0.942
Bybit Long/Short0.928
WhiteBIT Long/Short0.177
Funding Rate
MAGIC OI-Weighted (4h)-0.3661%
Binance MAGIC/USDT (4h)-0.3223%
OKX MAGIC/USDT (4h)-0.2941%
Bybit MAGIC/USDT (4h)-0.4678%
Crypto.com MAGIC/USD (1h)-0.0428%
Current FundingA funding rate is a periodic payment exchanged directly between long and short traders in perpetual futures. Learn more →-0.7322%
Annualized · APR-801.76%
Next Funding—
Funding Accum · 1D—
MAGIC Funding Rate Chart · Perpetual · Aggregated
Funding Rate · per 8hpositive · longs pay shortsnegative · shorts pay longsMAGIC price
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View MAGIC liquidation heatmap →Where leveraged longs and shorts get liquidated · Binance, Bybit, OKX, Hyperliquid and more
Exchanges MAGIC Funding Rates
| Exchanges | Funding Rate | APR | 1D Accumulated | Next Funding | Interval | |
|---|---|---|---|---|---|---|
| ΣOI-Weighted | -0.7322% | — | — | — | — | |
| BBinance | -0.3223% | -705.73% | -0.7376% | 01:52:09 | 4h | Trade |
| BBingX | -0.4496% | -984.62% | -0.2484% | 01:52:09 | 4h | |
| BBybit | -0.4678% | -1024.39% | -0.8644% | 01:52:09 | 4h | Trade |
| OOKX | -0.2941% | -644.00% | -0.7286% | 01:52:09 | 4h | Trade |
| WWhiteBIT | -0.3666% | -802.87% | -0.5474% | 01:52:09 | 4h | |
| BBitget | -0.2911% | -637.51% | -0.6160% | 01:52:09 | 4h | Trade |
| KKuCoin | -0.2482% | -543.56% | -0.3535% | 01:52:09 | 4h | Trade |
| MMEXC | -0.3222% | -705.62% | -0.7368% | 01:52:09 | 4h | Trade |
| GGate | -0.4179% | -457.60% | -0.4735% | 01:52:09 | 8h | Trade |
| CCrypto.com | -0.0428% | -374.87% | -1.2181% | 00:52:09 | 1h |
Rates are per settlement interval (1h/4h/8h depending on exchange) and APR annualizes the current rate at that interval. The Accumulated column sums the rate at each settlement over the selected window (1Y uses exchange-reported yearly accumulation). Live rates update about every 10 seconds.
How to read the colors: funding reflects positioning and the cost of leverage, not price direction. Funding is the fee longs pay shorts (negative means shorts pay longs). Green = funding below the neutral baseline (~0.01% per 8h): holding longs is cheap and the market is not crowded long. Gray = the neutral zone around baseline. Red = elevated funding: longs are crowded and paying up, with deeper red meaning a more extreme premium. The Accumulated column is colored by its per-settlement average, so it reads on the same scale as the live rate. Green funding while price falls = no euphoria and longs are cheap to hold — often a constructive contrarian signal. Red funding while price rises = crowded leveraged longs paying high fees — a setup vulnerable to long squeezes.
The current MAGIC USDT perpetual funding rate (4h, OI-weighted) is -0.7322%, meaning shorts are paying longs right now. Across the 10 exchanges reporting a rate, it ranges from -0.4678% on Bybit to -0.0428% on Crypto.com — a spread that shows how positioning differs venue by venue. A negative rate is the less common state — it appears when perpetuals trade below spot and short positioning dominates. Learn more about how funding rates work →
See the live funding rate matrix for every exchange →
About MAGIC funding rates
The Treasure funding rate (MAGIC funding rate) is the periodic payment exchanged between longs and shorts on MAGIC perpetual futures. This page charts the OI-weighted Treasure perpetual funding rate (MAGIC perpetual funding rate) against price, plus each exchange's current rate, accumulated funding from one day out to one year, and the countdown to its next settlement.
The headline rate weights every venue by its share of MAGIC open interest, so large markets move the aggregate more than small ones. Venues reporting no data are excluded and figures refresh continuously.
Frequently asked questions
What is the MAGIC funding rate right now?
On an OI-weighted basis, MAGIC funding currently sits at -0.7322% — traders holding shorts pay longs until the next settlement (settled every 4 hours on most venues).
Which exchange has the highest MAGIC funding rate?
Crypto.com currently prints the highest MAGIC rate at -0.0428%; Bybit sits lowest at -0.4678%. Every venue's current and accumulated rate is listed in the table below.
How often is MAGIC funding settled?
Settlement schedules differ by venue — from every hour to every 8 hours. The countdown to each exchange's next settlement runs in the table below.
T
IRYS
ACU
BILL
CVC
SOLV