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Magnificent 7 Index (MAG7) Perpetual Futures

Magnificent 7 Index (MAG7) Perpetual Futures — Live Data

Market Overview

The Magnificent 7 Index is a thematic perpetual futures contract on Hyperliquid tracking the basket of seven dominant US technology companies — Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla — that have collectively driven the majority of S&P 500 returns since 2023. MAG7 perpetual futures provide concentrated exposure to the largest and most liquid US tech stocks in a single contract, with heavy weighting toward AI beneficiaries. The index is particularly sensitive to AI capex cycles and quarterly earnings from each constituent.

MAG7 Perps Data — ETFs/Indices Category

Trading Tips for Magnificent 7 Index Perps

MAG7 perp positioning should account for the earnings calendar — with 7 constituents reporting quarterly, there are concentrated event risk periods every 3 months. AI capex guidance from hyperscalers (Microsoft, Alphabet, Amazon, Meta) in earnings calls drives multiple MAG7 components simultaneously. Monitor Nvidia's data center segment revenue as a proxy for how much AI investment is flowing through the group.

Where to Trade Magnificent 7 Index (MAG7) Perpetual Futures

Magnificent 7 Index (MAG7) perpetual futures are available on 2 exchanges. Compare fees, leverage, and features below to find the best platform for trading MAG7 perps.

Hyperliquid logo
Hyperliquid
Hyperliquid L1
Maker Fee
0.015%
Taker Fee
0.045%
Max Leverage
50x
Rating
9.2/5
Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/5

Frequently Asked Questions — Magnificent 7 Index (MAG7)

What is the current MAG7 perpetual futures funding rate?
The live Magnificent 7 Index (MAG7) funding rate is shown above, updated every 2 minutes. Funding rates are displayed as annualized percentages for each exchange listing MAG7 perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest MAG7 perp trading fees?
The cost comparison table above estimates total trading costs (maker/taker fees plus slippage) for a $100,000 MAG7 perpetual futures trade across all major exchanges. Compare fees for MAG7 perps on both centralized and decentralized platforms to find the most cost-effective venue.
How does Magnificent 7 Index open interest compare across exchanges?
Magnificent 7 Index (MAG7) open interest is broken down by exchange in the chart above, showing the total value of outstanding MAG7 derivative contracts on each platform. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the MAG7 long/short ratio indicate?
The Magnificent 7 Index long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
How can I trade Magnificent 7 Index index perpetual futures?
Magnificent 7 Index index perps are available on decentralized exchanges like Hyperliquid and dYdX. Create an account, deposit USDC or USDT as collateral, and open a long or short position with your desired leverage. Index perps trade 24/7, so you can react to market-moving events outside traditional trading hours.
Where can I trade MAG7 perpetual futures?
Magnificent 7 Index (MAG7) perps are currently listed on 2 exchanges. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each platform.

Category: ETFs/Indices · Data updates every 2 minutes · All rates shown are annualized