MAGIC

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Bybit SpotMAGICUSDT	0.08261	spot	no funding	—	—	$92K	1x	Buy Bybit Spot
SHORT	BybitMAGICUSDT	0.08251	+0.0100	get 0.0050% / 4h	2h 03m	$1.3M	$1.0M	25x	Short Bybit

Price gap−0.115%

Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.102% under its 7d average: −$10 if it goes back, about 3.4 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$20+0.0100% /8h now · paid +0.204% over the last 7D

Price−$10spread −0.115% now, avg −0.013% → −0.102% if it goes back

Costsno datano order book for Bybit Spot

Result, before costs+$10+0.10%no pointscosts unknown: no order book for Bybit Spot ·

Price and funding

1h · history

Price spread

Prices

Fundingper 8h

PRICE SPREAD · 7D

Now−0.115%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

MAGIC on 11 exchanges

lowest funding first

Before you open

1 ok · 2 to watch

Note: Order book unknown—
No order-book sample for Bybit Spot: its slippage is not counted.
Note: Spot in full, margin on the short$10,000 + $400
The spot leg is bought with the whole $10k; Bybit runs at up to 25x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
OK: Only the short pays funding— / 4h
The spot leg pays no funding; Bybit settles every 4h.
Next 24h at the current rates, on $10k a leg: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, +$3.00.
Watch: Gap narrower than usual−0.115% vs −0.013%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Note: Spot has no open interest$1.3M OI
Only Bybit reports one; the spot book's depth is in the cost check above.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBybit Spot Yes · Bybit Yes
Standard verification is mandatory for every product.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0097%/8h × 21 periods+$20.41

Price spread−0.115% → −0.013% (7d avg)−$10.23

Slippage, 4 ordersno data for Bybit Spot—

Fee Bybit Spot bp × 2 orders−$20.00

Fee Bybit bp × 2 orders−$11.00

Net, fees only · 7 days · $10k−$20.82

Costs to cover0.310%Break-even14.1 days

Slippage: Bybit Spot: no order-book sample; Bybit: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBybit Spot—————

SELL · SHORTBybit3.0368.4 bp−$68doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.
Bybit Spot: no data.

MAGIC news

posts that mention MAGIC, from every exchange

10-12 06:35	HTX	Listing	new market MAGIC-USDT ($MAGIC) seen by our collector
10-12 03:17	KuCoin	Other	24H Top 5 Gainers on #KuCoin (October 12, 2026) 1. OBI - $0.0003402 (+64.03%) 2. ITHACA - $0.0007815 (+59.89%) 3. NODE - $0.05343 (+59.81%) 4. ZEUS - $0.01002 (+57.37%) 5. MAGIC - $0.1355 (+45.60%) Check Out and Sign Up on KuCoin! #Ku24hour @kucoincom on X ↗
10-10 05:51	KuCoin	Other	24H Top 5 Gainers on #KuCoin (October 10, 2026) 1. US - $0.03242 (+106.80%) 2. MAGIC - $0.1216 (+86.43%) 3. NODE - $0.01943 (+85.55%) 4. OTK - $0.001982 (+85.44%) 5. NXT - $0.0633 (+64.83%) Check Out and Sign Up on KuCoin! #Ku24hour @kucoincom on X ↗