xyz:MAGS Perpetual
What is the xyz:MAGS perpetual?
The xyz:MAGS perpetual (or “perp”) is a futures contract on Hyperliquid that tracks the price of xyz:MAGSwith no expiry, so a position can be held indefinitely. It currently marks at $69.094 with about $212.3K of open interest and $105.3K traded in the last 24 hours. Because it is leveraged, both gains and losses are amplified, and a move against a position can trigger liquidation.
How funding works on xyz:MAGS
A perpetual stays tethered to spot through funding: a small payment exchanged between longs and shorts.xyz:MAGS funding is currently +0.0166% per hour (+145.4% annualized), which means shorts are being paid right now. Funding shifts constantly with positioning, so a rich rate can flip. It is a real cost or income stream that any serious automated strategy has to account for on every hold.
How Hypertrade trades xyz:MAGS
With Hypertrade you connect your own AI, Claude, GPT, Gemini, or a custom model, and it can propose xyz:MAGStrades around the clock. Every proposal passes a deterministic risk engine that sizes the position, enforces a mandatory stop, caps leverage, and can veto the trade outright. Orders are signed by an agent trade-only permission that can trade but cannot authorize an external withdrawal. Your trading capital remains in your user-controlled account at the venue. It is discipline the AI can never override, not a black box and not a promise of returns.
Point your AI at xyz:MAGS
Start free on testnet. Pick a model, set your limits, and let a disciplined engine handle execution while you retain owner withdrawal authority.
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Data sourced from Hyperliquid and refreshed periodically; figures may lag the venue. Trading perpetual futures involves substantial risk of loss and is not suitable for everyone. Nothing here is financial advice.