MAGIC Funding Rate History — Settled Payments by Exchange
Treasure
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
 Crypto.com | 719 | +6.8587% | +83.62% | +0.0404% | -0.1414% | 2026-10-01 02:00 UTC |
 BingX | 180 | +0.3820% | +4.65% | +0.0267% | -0.1620% | 2026-10-01 00:00 UTC |
 KuCoin | 180 | +0.0615% | +0.75% | +0.0050% | -0.2975% | 2026-10-01 00:00 UTC |
 Bitunix | 180 | -0.1272% | -1.55% | +0.0050% | -0.1886% | 2026-10-01 00:00 UTC |
 Pionex | 180 | -0.1584% | -1.93% | +0.0050% | -0.3036% | 2026-10-01 00:00 UTC |
 Bitget | 180 | -0.2929% | -3.57% | +0.0286% | -0.3124% | 2026-10-01 00:00 UTC |
 Binance Futures | 180 | -0.2985% | -3.63% | +0.0050% | -0.3412% | 2026-10-01 00:00 UTC |
 Toobit | 180 | -0.2989% | -3.64% | +0.0051% | -0.3390% | 2026-10-01 00:00 UTC |
 WEEX | 180 | -0.2990% | -3.64% | +0.0050% | -0.3390% | 2026-10-01 00:00 UTC |
 MEXC | 180 | -0.3026% | -3.68% | +0.0050% | -0.3364% | 2026-10-01 00:00 UTC |
 OKX | 180 | -0.3122% | -3.80% | +0.0050% | -0.3552% | 2026-10-01 00:00 UTC |
 BloFin | 180 | -0.3254% | -3.96% | +0.0079% | -0.3391% | 2026-10-01 00:00 UTC |
 Gate.io | 90 | -0.3309% | -4.03% | +0.0744% | -0.3485% | 2026-10-01 00:00 UTC |
 Bybit | 180 | -0.4609% | -5.61% | +0.0114% | -0.5150% | 2026-10-01 00:00 UTC |
What the MAGIC funding rate means
What MAGIC (Treasure) actually paid over the last 30 days: 2,969 settlements across 14 venues, broken down venue by venue. These are settled payments — the amount an exchange actually charged or credited each funding interval — not the rate currently quoted for the next payment. Crypto.com paid the most over the window at +6.8587% of position size.
A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 91% of the 2,969 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +6.8587% on Crypto.com to -0.4609% on Bybit — the gap between them is what a delta-neutral position collecting on both legs would have captured before fees and slippage. Verify the live version of this spread on the ORBIT funding screener before sizing a trade: settled history shows what already happened, not what will happen next.
Frequently asked questions
- Is the MAGIC funding rate a live quote or an actual payment?
- A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 91% of the 2,969 settlements recorded here.
- Which exchange has paid the most settled MAGIC funding recently?
- Crypto.com paid the most over the last 30 days at +6.8587% of position size across 719 settlements, an average annualized rate of +83.62%. This is a sum of actual payments, not a forecast.
- How often is MAGIC funding actually paid?
- Over the last 30 days, ORBIT recorded 2,969 funding settlements for MAGIC across 14 venues. Settlement schedules differ by venue — some pay hourly, others every 4 or 8 hours — so the number of payments per venue in the table above is not the same for all of them.