Treasure (MAGIC) Perpetual Futures

– 24h · perp mark price

Live · updated – Compare MAGIC exchanges

24h volume – vs prior 24h Open interest – · Funding rate (OI-weighted, 8h) – annualised Long / short ratio (24h) – long Liquidations (24h) – longs OI / market cap – Market cap –

Treasure price and derivatives history

Daily close and perpetual volume across tracked exchanges

Treasure perpetual futures market

Treasure is a web3 gaming ecosystem that grew up on Arbitrum, and MAGIC is the token that links its games, marketplace and community projects. Players and partner studios use MAGIC across the network, which ties the token to gaming activity. MAGIC perps give traders leveraged exposure to that niche, a way to short gaming tokens when the sector cools, and a hedge for holders who earn or stake the token.

Speculative bursts can push MAGIC perp volume far above its usual size, and Binance and OKX carry most of it. Moves often follow news on Treasure's games and infrastructure plans, gaming sector sentiment and the wider Arbitrum ecosystem. A rapid rise in open interest without matching spot demand often precedes violent unwinds. Check liquidations after big candles to see how much leverage was flushed out.

MAGIC funding rates MAGIC open interest MAGIC liquidations MAGIC long/short ratio

Ticker: MAGIC
Asset class: Crypto
Tracked markets: –
Most active venue: –
Funding intervals: –
Trading hours: 24/7
±1% order book depth: –

Treasure perpetual markets by exchange

Every tracked MAGIC perpetual market

#	Exchange	Price	24h	Volume 24h	Open interest	OI 24h	Funding 8h	L/S	Liq. 24h	±1% depth	Trade

Open interest by exchange

Share of total · 24h change

All OI

Liquidations by exchange

Last 24h · long vs short

All liquidations

Taker buy vs sell

Last 4h · buy share of taker volume

Long/short data

Treasure perpetual futures FAQ

Live answers use data from every tracked MAGIC perpetual markets · updated –

What is the MAGIC funding rate today?

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How much MAGIC open interest is there?

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What is Treasure (MAGIC)?

Treasure is a decentralised gaming ecosystem that connects several games, an NFT marketplace and community tools under one token. MAGIC is used for purchases, trading and rewards across those projects. The ecosystem grew up on Arbitrum, the Ethereum layer 2.

What is MAGIC perpetual futures trading volume?

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Are traders long or short MAGIC right now?

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What moves the MAGIC price?

MAGIC reacts to activity in Treasure's games, changes to the ecosystem's infrastructure plans and wider sentiment towards gaming tokens. It also tends to move with the Arbitrum ecosystem. As a smaller token, it can swing sharply when leveraged traders pile in or are liquidated.

Why does MAGIC funding change so quickly?

Speculative bursts bring large waves of leveraged traders into MAGIC perps in a short time. Funding rises fast when longs crowd in and can flip negative just as quickly when shorts chase a drop. These swings are common in smaller tokens and show which side is paying to hold its position.

How much MAGIC was liquidated in the last 24 hours?

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Is MAGIC a gaming token?

Yes. MAGIC is the shared currency of the Treasure gaming ecosystem, so it is usually grouped with gaming and metaverse tokens. Sector moves across that group, including tokens like MANA, often spill over into MAGIC. Its own ecosystem news can still move it independently.

What are MAGIC perpetual futures?

MAGIC perpetual futures are derivatives contracts that track the price of MAGIC and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any MAGIC.

How does MAGIC funding work?

Funding is a payment between longs and shorts. When MAGIC perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.

Where can I trade MAGIC perpetuals?

Compare venues, fees and features on the best perpetual exchanges page.

Should I long or short MAGIC?

Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.