MAGS funding rate explained
Right now Roundhill Magnificent Seven ETF (Dinari Tokenized ETF) (MAGS) perpetual futures trade on 1 exchange we track. The highest funding is on Bybit at +0.143% per day, the lowest on Bybit at +0.143%. The average across all venues is +0.143% per day, or about +52.1% a year. Positive funding means MAGS longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is 0.000% per day. A delta-neutral position that shorts MAGS on Bybit and goes long on Bybit would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live MAGS arbitrage page for the price side of the trade.
Settlement intervals differ: MAGS funding is paid every 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: MAGS arbitrage · Roundhill Magnificent Seven ETF (Dinari Tokenized ETF) price · funding rates for all coins.