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MAGIC — funding rate on Bybit
Bybit · MAGICUSDT-0.019%per 4h · -0.005%/hlongs receive
last settlement+0.005%→upcoming payout-0.019%• unchanged
2:52:45settlement
0calmheat
Price (mark)
0.08408
+0.6% 24h
Vol 24h
$735K
Open interest
$1.4M
Price move in 2 min
—
avg 7d
+0.001%/h
avg 30d
0.000%/h
Price and skew
Event life curvePRO · open for now
Across 6 closed events of this pair: a typical one lives 1h 28m, the peak usually lands within the first 5 min
median across 6 eventsmedian peak minute
at later minutes only long-livers remain in the sample — the curve is conditional, not «acceleration»
How they ended: funding covered the adverse price move in 2 of 6 cases
median — 0.16% accrued against a 1.93% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.47 · $0.12/hour
- Net snipe per settlement
- $-3.53 = 0.019% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.12×needs 0.160%+ per settlement
- Liquidation price
- 0.067684 (−19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Settlement window · facts (4)
before cut-off · 5m · the snipe window (4)
avg+0.58% | -1.00%
max-1.47%
after · 5m
avg-1.06%
max-1.41%
before cut-off · 15m
avg+0.48% | -0.83%
max-0.84%
after · 15m
avg-2.17%
max-5.57%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 10.10 16:00 | -0.418% | -0.81% | -1.52% |
| 10.10 12:00 | -0.620% | -0.84% | -5.57% |
| 28.09 16:00 | -0.164% | +0.37% | -1.09% |
| 27.09 16:00 | -0.515% | +0.60% | -0.50% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 4 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 541 settlements
MAGIC on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | -0.019% / 4h | -0.005%/h | longs | -0.141% |
| OKX | -0.017% / 4h | -0.004%/h | longs | -0.143% |
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Bybit← you are here-0.005%/h
longsrate -0.019% / 4hsnipe -0.141%
OKX-0.004%/h
longsrate -0.017% / 4hsnipe -0.143%
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.006%/h
MAGIC across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
Bybitevery 4hBinanceevery 4hBitgetevery 4hOKXevery 4hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0000%/h
widest spread
0.0071%/h
07.11 17:00 UTC · Bybit ↔ OKX
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter long before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a long here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.