MAGIC funding rates and arbitrage

MAGIC perpetuals trade on 12 contracts across 12 venues, forming 66 cross-venue arbitrage pairs. By net APR the current best pair is long Crypto.com against short Bybit, netting +28.66%, with both legs settling on the same cadence。

MAGIC perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
OKX	MAGIC-USDT-SWAP	USDT	4h	-0.0019%	-4.18%	-15.65%	$20.7M	0.09755
Binance	MAGICUSDT	USDT	4h	-0.0035%	-7.73%	-6.76%	$15.9M	0.09758
LBank	MAGICUSDT	USDT	4h	-0.0038%	-8.32%	-8.76%	$3.0M	0.09760
Gate	MAGIC_USDT	USDT	8h	0.0100%	+10.95%	+12.00%	$2.7M	0.09766
BingX	MAGIC-USDT	USDT	4h	-0.0040%	-8.76%	-12.43%	$2.7M	0.09765
Bybit	MAGICUSDT	USDT	4h	0.0050%	+10.95%	+10.95%	$2.3M	0.09760
MEXC	MAGIC_USDT	USDT	4h	-0.0038%	-8.32%	-6.71%	$1.2M	0.09759
Bitget	MAGICUSDT	USDT	4h	-0.0006%	-1.31%	-3.52%	$521K	0.09760
KuCoin	MAGICUSDTM	USDT	4h	-0.0075%	-16.42%	-13.17%	$235K	0.09758
WhiteBIT	MAGIC_PERP	USDT	4h	0.0050%	+10.95%	+9.59%	$171K	0.09758
HTX	MAGIC-USDT	USDT	4h	0.0050%	+10.95%	+10.95%	$49K	0.09721
Crypto.com	MAGICUSD-PERP	USD	4h	-0.0081%	-17.71%	-16.49%	$5K	0.09752

MAGIC cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Crypto.com USD	Bybit USDT	+28.66%	0.0785%	+27.44%	4h matched	$5K
Crypto.com USD	Gate USDT	+28.66%	0.0785%	+28.48%	4h / 8h	$5K
Crypto.com USD	HTX USDT	+28.66%	0.0785%	+27.44%	4h matched	$5K
Crypto.com USD	WhiteBIT USDT	+28.66%	0.0785%	+26.08%	4h matched	$5K
KuCoin USDT	Bybit USDT	+27.38%	0.0750%	+24.12%	4h matched	$235K
KuCoin USDT	Gate USDT	+27.38%	0.0750%	+25.16%	4h / 8h	$235K
KuCoin USDT	HTX USDT	+27.38%	0.0750%	+24.12%	4h matched	$49K
KuCoin USDT	WhiteBIT USDT	+27.38%	0.0750%	+22.76%	4h matched	$171K
BingX USDT	Bybit USDT	+19.71%	0.0540%	+23.38%	4h matched	$2.3M
BingX USDT	Gate USDT	+19.71%	0.0540%	+24.43%	4h / 8h	$2.7M
BingX USDT	HTX USDT	+19.71%	0.0540%	+23.38%	4h matched	$49K
BingX USDT	WhiteBIT USDT	+19.71%	0.0540%	+22.02%	4h matched	$171K

Treasure project profile

Website Whitepaper GitHub

Key facts

Total: 347.69M
Max supply: 347.71M
Type: Token
Market cap rank: #565

Artificial Intelligence (AI)Smart Contract PlatformNFTMetaverseArbitrum EcosystemEthereum EcosystemLayer 2 (L2)Zero Knowledge (ZK)

Contract addresses

arbitrum0x539bde0d7dbd336b79148aa742883198bbf60342

ethereum0xb0c7a3ba49c7a6eaba6cd4a96c55a1391070ac9a

base0xf1572d1da5c3cce14ee5a1c9327d17e9ff0e3f43

Block explorers

arbiscan.io intel.arkm.com etherscan.io ethplorer.io basescan.org intel.arkm.com

About

What is Magic? MAGIC is the native token of Treasure. Treasure creates AI-powered entertainment experiences using MAGIC.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

METIS+75.8%MEW+125.2%MOG+156.6%MUBARAK+17.6%NOW+84.8%ONT+88.7%OPENAI+118.3%PIXEL+80.8%PLTR+16.2%PLUME+29.6%QCOM+23.4%RAY+36.4%

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