MAGS Funding Rate History
MAGS perpetual futures funding ranges from 0.40 bps on BINGX to 11.10 bps on TRADEXYZ across 2 reporting venues, a spread of 10.70 bps. The most extreme rate (121.54% APY annualized) is on TRADEXYZ. Currently all venues currently report positive funding (longs paying shorts).
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on MAGS price.
MAGS Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| TRADEXYZ | 11.10 bps | 121.54% APY | 0.20 bps | $256.88K |
| BINGX | 0.40 bps | 4.38% APY | 0.80 bps | $0 |
Last updated 2026-08-18T19:41:57Z (UTC).
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Related: MAGS open interest, MAGS volume, MAGS perp market data.