MAGIC funding rate
Binance
-0.0793%
- Annualized
- -173.61%
- 7d avg (annual)
- —
- Next settlement
- · 4h
- Paid by longs over 30 days
- +0.005%
- Mark price
- 0.06071
- Contract
- MAGICUSDT
OKX
-0.1072%
- Annualized
- -234.70%
- 7d avg (annual)
- -56.66%
- Next settlement
- · 4h
- Paid by longs over 30 days
- -0.826%
- Mark price
- 0.06064
- Contract
- MAGIC-USDT-SWAP
Funding rate history (annualized, 30 days)
BinanceOKX
MAGIC funding rate statistics, last 30 days
| Exchange | Settlements | Average (ann.) | Highest (ann.) | Lowest (ann.) | Positive share | Paid by longs over 30 days |
|---|---|---|---|---|---|---|
| OKX | 101 | -17.9% | +11.0% Sep 15, 2026 | -777.8% Sep 27, 2026 | 81% | -0.826% |
What the MAGIC funding rate means now
The MAGIC perpetual on Binance currently pays -0.0793% every 4 hours, about -173.6% annualized. The rate is negative, so shorts pay longs at each settlement.
On OKX the MAGIC perpetual pays -0.1072% every 4 hours, about -234.7% annualized. The 7-day average is -56.7%.
The current annualized gap between the two exchanges is 61.1%. Treat it as a reference only: arbitrage returns are reduced by fees and slippage, and rates and liquidation risk change every period.
You only pay or receive funding if you hold a position at the settlement time. Rates update every few minutes; check the exchange before trading.
MAGIC on Binance and OKX →Liquidation price calculator →Funding rates: Binance vs OKX →