MAGMA Funding Rate — live across 9 venues

Compared across 9 supported venues · net of estimated fees · updated every few minutes

Live annualized MAGMA perpetual funding across all 9 venues Perpia tracks. Right now MAGMA funding is positive on 9 and negative on 0, ranging from +105.1% on Gate.io to +10.9% on Variational — a spread of 94.2%. The widest delta-neutral trade is long Bybit / short Gate.io at 90.3% net APR.

venues

paying positive

94.2%

funding spread

Best MAGMA spread now

90.3%

net APR after fees

Long Bybit→Short Gate.io

size depends on live venue depth — see the real cap in the scanner

MAGMA funding trend & liquidity

168h of history

94.2%

current gross APR

16.4%

24h average

-2.6%

7-day average

$1.8M

pair OI · lower leg

$6.0M

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

MAGMA funding rate history

30d · 6h buckets · 8 venues

307%0-78.2%

4 Aug3 Sep

MAGMA — average across 8 venuesAsterBinanceBitgetKuCoin

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +34.2%. A break in a line means no data was recorded for that stretch, not a zero rate.

MAGMA funding rate by venue

22 pairs scanned

Venue	Funding APR	Interval
Gate.io ↗	+105.1%	4h
Aster ↗	+46.7%	1h
Bitget ↗	+39.0%	4h
Binance ↗	+32.6%	4h
MEXC ↗	+32.2%	4h
KuCoin ↗	+29.6%	4h
BingX ↗	+16.4%	4h
Bybit ↗	+10.9%	4h
Variational ↗	+10.9%	4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Bybit vs Gate.io page.

MAGMA arbitrage — 30-day backtest

long Bybit · short Gate.io

-4.5%

backtested APR

−$37

historical net P&L on $10,000

0.63%

max drawdown

$10,000$9,963

30 days agostarting capital $10,000today

Over the last 30 days, holding long Bybit / short Gate.io would have produced -4.5% APR — versus the 90.3% the live spread implies right now (equity $10,000 → $9,963). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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MAGMA funding — FAQ

Is MAGMA funding positive right now?

MAGMA perpetual funding is positive on 9 of 9 venues Perpia tracks. The highest is +105.1% on Gate.io; the lowest is +10.9% on Variational.

What is the best MAGMA funding arbitrage right now?

Go long Bybit and short Gate.io for about 90.3% net APR after fees — the widest delta-neutral MAGMA spread Perpia currently sees.

Which exchange has the highest MAGMA funding rate?

Gate.io, at +105.1% annualized. Funding shifts continuously, so check the live table above before trading.

How MAGMA funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to MAGMA

Markets also quoted on both Bybit and Gate.io — the same two exchanges you would already have funded for the MAGMA trade.

See every spread between them on the Bybit vs Gate.io page.

Open the live scanner →All funding rates Funding by exchange How we calculate this