MAGMA Funding Rate and Open Interest on Gate
Live Gate MAGMA data from Gate's public API. Charts show Gate only; the table compares MAGMA on every tracked exchange.
Gate holds $1.42M of MAGMA's $28.73M open interest across 6 exchanges (#5): see MAGMA open interest on every exchange or compare MAGMA funding on every exchange. MAGMA funding on Gate is -0.0546% per 8 hours (≈-60% APR), settles every 4 hours with a current interval quote of -0.0273%, below the OI-weighted average of 0.0081% across exchanges. Gate MAGMA open interest changed +97.98% over the last 24h. $148K of Gate MAGMA positions were liquidated over the last 24 hours, 24.1% of it longs.
Gate MAGMA liquidations · last 24 hours
All liquidations →MAGMA markets on Gate
1 perp| Market | Price | Vol 24h | Open interest | OI 24h | Funding / 8h | APR | Interval / current quote | Trade |
|---|---|---|---|---|---|---|---|---|
| MAGMA_USDT perp | 0.4969 | $23.63M | $1.42M | +97.98% | -0.0546% | ≈-60% APR | 4 hours · -0.0273% | Trade ↗ |
MAGMA funding on Gate
8h equivalent, this exchange onlyLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
MAGMA open interest on Gate
USD, this exchange onlyLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Seven completed days of MAGMA funding observations on Gate
| UTC date | Mean funding / 8h | Observed hours |
|---|---|---|
| 0.0005% | 24/24 hours | |
| 0.0000% | 24/24 hours | |
| 0.0033% | 24/24 hours | |
| 0.0006% | 24/24 hours | |
| -0.0070% | 24/24 hours | |
| -0.0085% | 24/24 hours | |
| 0.0026% | 24/24 hours |
Daily mean of hourly observed 8-hour-equivalent funding, not settled payments or a cashflow sum. Each hour uses the chart's open-interest weighting across Gate MAGMA perpetual contracts (a plain mean when no positive OI is available). Stored rates are already normalized; today's settlement interval is not applied again. Coverage counts usable hourly buckets, not every five-minute sample. Missing hours are excluded, not zero.
MAGMA on every exchange
MAGMA funding, all exchanges →| # | Exchange | Open interest | Share | Funding / 8h | APR | Perp vol 24h |
|---|---|---|---|---|---|---|
| 1 | Binance | $17.49M | 60.9% | 0.0255% | ≈28% APR | $419.63M |
| 2 | Bybit | $4.03M | 14.0% | -0.0725% | ≈-79% APR | $94.62M |
| 3 | Bitget | $2.68M | 9.3% | 0.0100% | ≈11% APR | $46.62M |
| 4 | Aster | $2.13M | 7.4% | 0.0750% | ≈82% APR | $1.41M |
| 5 | Gate | $1.42M | 5.0% | -0.0546% | ≈-60% APR | $23.63M |
| 6 | KuCoin | $983K | 3.4% | -0.0316% | ≈-35% APR | $4.02M |
| — | MEXC | $4.27M | not ranked | 0.0254% | ≈28% APR | $8.00M |
How it's counted. Open interest is the USD value of open MAGMA 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 current quoted rate for each market's native funding interval. This quote can change before settlement and does not prove a payment already occurred. HIP-3 markets that share the ticker are left out. Coverage: Every liquidation order on USDT perps (futures.public_liquidates, batched each second); USD notional uses the pushed order limit price and can differ from the eventual average-fill notional; OI and funding polled every 30s; BTC-settled inverse perp not covered (under $50M OI).
MAGMA on Gate FAQ
What is the MAGMA funding rate on Gate?
-0.0546% per 8 hours (-0.0273% per 4 hours, the current quote; ≈-60% APR) is the MAGMA perpetual funding rate on Gate. Negative means shorts pay longs. The chart below shows Gate's MAGMA funding history only.
How often does Gate pay MAGMA funding?
Gate settles MAGMA funding every 4 hours; the 8-hour figures on this page are scaled to that interval for comparison. The current quote can change before settlement and does not prove a payment already occurred.
How much MAGMA open interest is on Gate?
$1.42M open MAGMA 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.