MAGS Funding Rate — live across 3 venues
Compared across 3 supported venues · net of estimated fees · updated every few minutes
Live annualized MAGS perpetual funding across all 3 venues Perpia tracks. Right now MAGS funding is positive on 0 and negative on 2, ranging from +0.0% on Bybit to -89.7% on trade.xyz — a spread of 89.7%. The widest delta-neutral trade is long Hyperliquid / short Bybit at 74.7% net APR.
MAGS funding trend & liquidity
168h of historyAverages 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.
MAGS funding rate by venue
2 pairs scannedRates 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 Hyperliquid vs Bybit page.
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MAGS funding — FAQ
Is MAGS funding positive right now?
MAGS perpetual funding is positive on 0 of 3 venues Perpia tracks and negative on 2. The highest is +0.0% on Bybit; the lowest is -89.7% on trade.xyz.
What is the best MAGS funding arbitrage right now?
Go long Hyperliquid and short Bybit for about 74.7% net APR after fees — the widest delta-neutral MAGS spread Perpia currently sees.
Which exchange has the highest MAGS funding rate?
Bybit, at +0.0% annualized. Funding shifts continuously, so check the live table above before trading.
How MAGS 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 MAGS
Markets also quoted on both Bybit and Hyperliquid — the same two exchanges you would already have funded for the MAGS trade.
See every spread between them on the Bybit vs Hyperliquid page.