MAGIC Funding Rate & Schedule
MAGIC perpetual futures funding rate on 5 exchanges: OKX, BingX, Binance, MEXC, Bybit. Each exchange's next rate, how often it is collected, the next collection time, the 8-hour equivalent and 24h volume are below. Data as of 2026-10-18 00:39 UTC, from the exchanges' public endpoints.
- • Cheapest for longs: OKX (8h equivalent −0.0163%).
- • Best for shorts: Bybit (8h equivalent +0.0100%).
- • Cross-exchange spread: 0.0263% per 8h.
- • Next collection: OKX at 04:00 UTC (−0.0082%, shorts pay longs).
- • Collection intervals: every 4h.
MAGIC — funding by exchange
| Exchange | Next rate | Who pays | Interval | Next collection | 8h equiv. | Annual | 24h volume | |
|---|---|---|---|---|---|---|---|---|
| OKX | −0.0082% | ▼ shorts pay | every 4h | 04:00 UTC | −0.0163% | −17.9% | $19.5M | |
| BingX | −0.0074% | ▼ shorts pay | every 4h | 04:00 UTC | −0.0148% | −16.2% | $2.5M | |
| Binance | −0.0015% | ▼ shorts pay | every 4h | 04:00 UTC | −0.0030% | −3.3% | $18.2M | |
| MEXC | −0.0012% | ▼ shorts pay | every 4h | 04:00 UTC | −0.0024% | −2.6% | $1.8M | |
| Bybit | +0.0050% | ▲ longs pay | every 4h | 04:00 UTC | +0.0100% | +10.9% | $2.3M |
The rate updates during the period and is fixed at collection. The 8h equivalent compares different intervals fairly (0.01% every 4h = 0.02% per 8h). Source: the exchanges' public endpoints.
Frequently asked questions
What is the MAGIC funding rate?
A periodic payment between long and short holders of the MAGIC perpetual contract. If the rate is positive, longs pay shorts; if negative, shorts pay longs. It keeps the perpetual price close to spot.
How often is MAGIC funding collected?
It depends on the exchange: OKX 4h, BingX 4h, Binance 4h, MEXC 4h, Bybit 4h. Use the "8h equivalent" column to compare different intervals.
Which exchange has the lowest MAGIC funding?
At the last refresh the lowest 8h equivalent for longs was OKX (−0.0163%) and the highest for shorts Bybit (+0.0100%). Rates change during the period and are fixed at collection.
How is MAGIC funding calculated?
Payment = position size × funding rate. A 10,000 USDT MAGIC long at 0.01% pays 1 USDT at collection. Leverage doesn't change the payment; position size does. Highest 24h volume is on OKX ($19.5M).
Funding rates for other pairs
Guide: What Is the Funding Rate? How It's Calculated and When It's Paid · Funding Rate Arbitrage: Reading Cross-Exchange Funding Spreads