MAGICUSDT perpetual

Contract data read from Binance, Bybit, OKX and Hyperliquid public endpoints · 2026-07-30 12:26:48 UTC

MAGICUSDT is a USDT-margined perpetual on Binance, marked at 0.04064 USDT inside a 24-hour band of 0.03823–0.04119 (2.37%). Open interest is 29,864,354.6 MAGIC, about 1.21M USDT in live exposure, against 1.27M USDT traded in 24 hours. Funding settles every 4 hours at 0.0050%, 0.000002032 USDT per MAGIC held.

Mark price	0.04064 USDT
24h range	0.03823 – 0.04119 USDT
24h change	2.37%
24h volume	1.27M USDT
Open interest	29,864,354.6 MAGIC
Open interest value	1.21M USDT
Funding rate	0.0050% / 4h
Minimum order	5 USDT ≈ 123.018389 MAGIC
Quantity step	0.1 MAGIC ≈ 0.004064 USDT
Price tick	0.000010 USDT (0.02460% of mark)

At 0.0050% the long pays the short: a 10,000 USDT position moves 0.5000 USDT every 4 hours, 3.000 USDT a day, 10.95% a year.
Daily turnover runs 1.05× the 1.21M USDT sitting in open positions.
Bybit caps this contract at 25×, so initial margin starts near 4.00% of notional — 0.001626 USDT per MAGIC.
Binance caps each settlement at ±2.00% — at most 0.0008129 USDT per MAGIC, 4,380% annualised.

Annualised funding, each venue on its own 4/4/4-hour cycle: Binance 10.95% · Bybit -31.00% · OKX 10.95%. The gap is 41.95 points — Bybit is the cheapest venue to hold a long here, Binance the dearest.

MAGICUSDT questions

What is the smallest MAGICUSDT position?

Binance requires 5 USDT of notional, which at 0.04064 USDT is 123.018389 MAGIC; size then moves in steps of 0.1 MAGIC.

How often does MAGICUSDT funding settle?

Every 4 hours. The current rate is 0.0050% — 0.000002032 USDT per MAGIC per settlement, 10.95% a year if it holds.

How liquid is MAGICUSDT right now?

Open interest is 29,864,354.6 MAGIC (1.21M USDT) with 1.27M USDT changing hands over 24 hours.

What leverage is available on MAGICUSDT?

Bybit allows up to 25×, putting initial margin around 4.00% of position value — 0.001626 USDT per MAGIC at the current mark.

Run your own rules on MAGICUSDT