MAGIC Funding Rate and Open Interest on Gate
Live Gate MAGIC markets from Gate's public API: perp and spot price and 24h volume, open interest, funding with its interval and APR, and 24h liquidations. The charts show Gate only; the table below compares MAGIC on every exchange tracked here.
Gate has $3.75M of MAGIC perpetual open interest, 16.3% of the $22.96M across the 5 exchanges counted in the MAGIC total here (#2). MAGIC funding on Gate is 0.0100% per 8 hours (≈11% APR), settled every 8 hours, above the OI-weighted average of -0.0060% across exchanges. Gate MAGIC open interest changed +34.76% over the last 4h. $42K of Gate MAGIC positions were liquidated over the last 24 hours, 48.2% of it longs.
Gate MAGIC liquidations · last 24 hours
All liquidations →MAGIC markets on Gate
1 perp| Market | Price | Vol 24h | Open interest | OI 24h | Funding / 8h | APR | Interval | Trade |
|---|---|---|---|---|---|---|---|---|
| MAGIC_USDT perp | 0.1152 | $15.14M | $3.75M | — | 0.0100% | ≈11% APR | 8 hours · 0.0100% | Trade ↗ |
MAGIC funding on Gate
8h equivalent, this exchange onlyNot recorded Chart: TradingView Lightweight Charts™
MAGIC open interest on Gate
USD, this exchange onlyNot recorded Chart: TradingView Lightweight Charts™
MAGIC on every exchange
MAGIC funding, all exchanges →| # | Exchange | Open interest | Share | Funding / 8h | APR | Perp vol 24h |
|---|---|---|---|---|---|---|
| 1 | Binance | $14.07M | 61.3% | -0.0040% | ≈-4% APR | $210.08M |
| 2 | Gate | $3.75M | 16.3% | 0.0100% | ≈11% APR | $15.14M |
| 3 | Bybit | $2.49M | 10.8% | 0.0100% | ≈11% APR | $29.77M |
| 4 | KuCoin | $1.74M | 7.6% | -0.0466% | ≈-51% APR | $3.84M |
| 5 | Bitget | $906K | 3.9% | -0.0652% | ≈-71% APR | $13.81M |
| — | MEXC | $2.04M | not ranked | -0.0080% | ≈-9% APR | $5.80M |
How it's counted. Open interest is the USD value of open MAGIC perpetual positions (one side) at the mark price. Funding is shown as the 8-hour equivalent so exchanges with 1-, 4- and 8-hour settlements compare directly; the interval column gives the rate actually paid each settlement. HIP-3 markets that share the ticker are left out. Coverage: Every liquidation on USDT perps (futures.public_liquidates, batched each second); OI and funding polled every 30s; BTC-settled inverse perp not covered (under $50M OI).
MAGIC on Gate FAQ
What is the MAGIC funding rate on Gate?
The rate at the top of this page is Gate's live MAGIC perpetual funding rate, shown per 8 hours (0.0100%) so it compares directly with other exchanges, and per payment (0.0100% every 8 hours). Positive means longs pay shorts. The chart below shows its history on Gate only.
How often does Gate pay MAGIC funding?
Gate settles MAGIC funding every 8 hours; the 8-hour figures on this page are scaled to that interval for comparison.
How much MAGIC open interest is on Gate?
$3.75M open MAGIC perpetual positions on Gate, valued at the current mark price and counted on one side. The comparison table shows every other exchange's share.
Where does the data come from?
Gate's public market-data API, read live by this site. Nothing here comes from paid data vendors.