MAGIC markets: funding rate & open interest by exchange
Funding as 8h equivalent (hover for APR) · OI changes need history| Market | Price | 1h | 24h | 24h volume | Funding 8h | Open interest | OI 1h | OI 4h | OI 24h | Trade |
|---|---|---|---|---|---|---|---|---|---|---|
| Binance perp MAGICUSDT | 0.06144 | +14.59% | — | $13.84M | -0.0815% | $3.18M | +66.39% | — | — | Trade |
| Bybit perp MAGICUSDT | 0.06149 | +14.34% | — | $3.09M | -0.2818% | $492K | +18.15% | — | — | Trade |
| Binance spot MAGICUSDT | 0.06240 | +16.00% | — | $3.95M | — | — | — | — | — | Trade |
| Bybit spot MAGICUSDT | 0.06214 | — | — | $274K | — | — | — | — | — | Trade |
Price and OI changes appear once the server has enough history: it records 5-minute snapshots since its last restart (80 min ago), so 1h values fill in after an hour and 24h values after a day. Trade links go to the exchange and may be referral links.
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MAGIC long/short ratio
All coins' long/short ratios →Long/short ratios are tracked for the top 100 perpetuals by volume on Binance and Bybit. MAGIC is not among them right now. See the coins that are tracked →
MAGIC volume spikes
See live spikes for all coins →| Time | Venue | Type | Side | $ in 1m | × normal | Buy % | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|---|---|
| 4m ago | BYB perp | FUND | BUY | — | — | — | — | — | — |
| 12m ago | BIN spot | VOL | MIXED | $174K | 8.0× | 51% | -2.88% | — | — |
| 16m ago | BYB perp | VOL | MIXED | $129K | 9.1× | 45% | +0.37% | -1.96% | — |
| 17m ago | BIN perp | VOL | MIXED | $383K | 6.9× | 54% | +1.59% | -1.26% | — |
| 18m ago | BIN spot | VOL | MIXED | $115K | 10.8× | 53% | +5.99% | -1.00% | — |
| 22m ago | BYB perp | VOL | MIXED | $134K | 22.0× | 50% | +4.53% | +3.17% | — |
| 22m ago | BIN perp | VOL | MIXED | $465K | 93.8× | 44% | +4.49% | +3.04% | — |
| 24m ago | BIN spot | VOL | BUY | $47K | 21.9× | 67% | +4.41% | +8.11% | — |
| 25m ago | BIN perp | VOL | MIXED | $95K | 22.8× | 55% | +3.07% | +11.71% | — |
| 29m ago | BYB perp | VOL | SELL | $101K | 68.9× | 34% | +2.59% | +13.49% | — |
| 29m ago | BIN spot | VOL | MIXED | $63K | 77.0× | 54% | +2.35% | +15.52% | — |
| 31m ago | BIN perp | VOL | MIXED | $257K | 88.2× | 49% | -3.89% | +9.50% | — |
| 35m ago | BIN perp | VOL | MIXED | $113K | 42.1× | 51% | +3.11% | +4.61% | — |
| 35m ago | BIN spot | VOL | SELL | $32K | 63.4× | 13% | +3.10% | +4.56% | — |
| 40m ago | BIN spot | VOL | BUY | $53K | 216.5× | 60% | -1.26% | 0.00% | — |
| 41m ago | BIN perp | VOL | MIXED | $94K | 43.2× | 57% | +0.73% | -0.82% | — |
| 49m ago | BIN perp | VOL | BUY | $698K | 443.3× | 64% | +1.46% | +2.31% | — |
| 49m ago | BIN spot | VOL | MIXED | $150K | 1643.2× | 47% | +1.29% | +2.22% | — |
Newest first, up to 100. +5m / +15m / +1h show the price change after each spike and fill in as time passes. They describe the past, not a prediction.
MAGIC liquidations: long vs short
All liquidations →| Window | Longs | Shorts | Long / short | Count |
|---|---|---|---|---|
| 1h | $29K | $41K | 98 | |
| 4h | $29K | $41K | 98 | |
| 24h | $29K | $41K | 98 |
Biggest MAGIC liquidations, 24h
- BINSHORT$4,959@ 0.0623117m ago
- BINLONG$4,927@ 0.0541528m ago
- BINLONG$4,775@ 0.060549m ago
- BINLONG$4,746@ 0.060079m ago
- BINSHORT$3,935@ 0.0610617m ago
Latest
- BINSHORT$141@ 0.06103just now
- BINSHORT$196@ 0.061232m ago
- BINSHORT$37@ 0.061182m ago
- BINSHORT$497@ 0.060432m ago
- BINSHORT$64@ 0.060202m ago
- BINSHORT$2,375@ 0.060212m ago
- BINSHORT$21@ 0.059243m ago
- BINLONG$654@ 0.058544m ago
From Binance USDⓈ-M and Bybit linear perps. Binance reports at most one liquidation per symbol per second, so totals are a lower bound. A long liquidation is a forced sell; a short liquidation is a forced buy.
About the MAGIC numbers
MAGIC funding rate
Perpetual futures have no expiry, so exchanges keep their price close to spot with periodic funding payments between longs and shorts. A positive MAGIC funding rate means longs pay shorts (more demand for leveraged longs); negative means shorts pay longs. Rates here are converted to an 8-hour equivalent so exchanges with 1h, 4h and 8h intervals compare directly, and the headline figure is weighted by each exchange's open interest.
MAGIC open interest
Open interest is the USD value of all open MAGIC perpetual positions. Rising OI alongside a price move means new positions are opening; falling OI means positions are closing (including liquidations). OI changes are measured from 5-minute snapshots.
MAGIC liquidations
A liquidation is a leveraged position the exchange closed by force. Long liquidations are forced sells that hit when price drops; short liquidations are forced buys when price rises. The long/short split shows which side was caught.
MAGIC volume spikes
A spike is a minute where one MAGIC market traded at least 4× its normal minute volume, with a size floor. Buy % is the share of taker buys. The +5m / +15m / +1h columns show what price did afterwards. They are history, not a signal. Not financial advice.