MAGICUSDT perpetual

Contract data read from Binance, Bybit, OKX and Hyperliquid public endpoints · 2026-10-03 21:16:58 UTC

MAGICUSDT is a USDT-margined perpetual on Binance, marked at 0.05752 USDT inside a 24-hour band of 0.05593–0.06086 (-0.19%). Open interest is 54,802,680.7 MAGIC, about 3.15M USDT in live exposure, against 8.29M USDT traded in 24 hours. Funding settles every 4 hours at 0.0050%, 0.000002876 USDT per MAGIC held.

Mark price	0.05752 USDT
24h range	0.05593 – 0.06086 USDT
24h change	-0.19%
24h volume	8.29M USDT
Open interest	54,802,680.7 MAGIC
Open interest value	3.15M USDT
Funding rate	0.0050% / 4h
Minimum order	5 USDT ≈ 86.926287 MAGIC
Quantity step	0.1 MAGIC ≈ 0.005752 USDT
Price tick	0.000010 USDT (0.01739% 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 2.63× the 3.15M USDT sitting in open positions.
Bybit caps this contract at 25×, so initial margin starts near 4.00% of notional — 0.002301 USDT per MAGIC.
Binance caps each settlement at ±2.00% — at most 0.001150 USDT per MAGIC, 4,380% annualised.

FAQ

MAGICUSDT questions

Binance requires 5 USDT of notional, which at 0.05752 USDT is 86.926287 MAGIC; size then moves in steps of 0.1 MAGIC.

Every 4 hours. The current rate is 0.0050% — 0.000002876 USDT per MAGIC per settlement, 10.95% a year if it holds.

Open interest is 54,802,680.7 MAGIC (3.15M USDT) with 8.29M USDT changing hands over 24 hours.

Bybit allows up to 25×, putting initial margin around 4.00% of position value — 0.002301 USDT per MAGIC at the current mark.

Run your own rules on MAGICUSDT