Roundhill Magnificent Seven ETF (MAGS) Price on Hyperliquid
Auto-refreshes every 30s · Max leverage: 10x
Source: live price, 24h volume, open interest, and funding-rate data from the official Hyperliquid API (trade.xyz HIP-3 oracle feed), refreshed every 30 seconds.
Quick Summary — What is MAGS on Hyperliquid?
MAGS (Roundhill Magnificent Seven ETF) on Hyperliquid is a cash-settled HIP-3 perpetual futures contract deployed via the trade.xyz builder. It is a equity perpetual — not a token — and tracks the Roundhill Magnificent Seven ETF price feed with continuous hourly funding settlements. There is no expiry date and no physical delivery: positions roll forever. All margin is denominated in USDC, and you can open positions with up to 10x leverage. As of May 2026, MAGS perpetuals on Hyperliquid offer 24/7 trading (including weekends and holidays when traditional equity markets are closed), no KYC requirement, full self-custody via your own wallet, and zero gas fees on every order. Base fees are 0.009% taker and 0.003% maker (per Hyperliquid's HIP-3 builder-market fee schedule), with growth mode cutting the usual builder-market rate by 90%. Live price, funding, and 24h volume on this page are pulled from the Hyperliquid API.
MAGS on Hyperliquid at a Glance
| Underlying | Roundhill Magnificent Seven ETF (Equity) |
|---|---|
| Market type | HIP-3 perpetual future via trade.xyz |
| Max leverage | 10x |
| Maker fee | 0.003% (growth mode) |
| Taker fee | 0.009% (growth mode) |
| Funding interval | Hourly |
| Margin & settlement | USDC — cash-settled, no expiry |
| Trading hours | 24/7, including weekends & holidays |
Specs describe the contract. For how closely this perp tracks the underlying in practice, see the 30-day basis and tracking-error study covering every trade.xyz market.
Live MAGS candles from the Hyperliquid API. Ready to trade? Get a 4% fee discount.
How to Trade Roundhill Magnificent Seven ETF (MAGS) on Hyperliquid
MAGS holds the seven mega-cap technology companies that have driven most of the US index return in recent years, in one equal-weight basket. Trade MAGS perpetual futures 24/7 on Hyperliquid via trade.xyz.
MAGS is a cash-settled perpetual futures contract on Hyperliquid, deployed via trade.xyz as a HIP-3 builder market. Unlike traditional futures, there is no expiry date and no physical delivery — positions roll continuously with funding rates settling every hour. All margin is denominated in USDC, and you can trade with up to 10x leverage.
HIP-3 markets extend Hyperliquid beyond crypto, bringing equities, commodities, and indices on-chain with 24/7 trading, no KYC, and the same on-chain order book infrastructure that powers Hyperliquid's native perpetuals.
Why Trade MAGS on Hyperliquid?
Hyperliquid offers distinct advantages for equity traders: gasless execution means zero transaction costs beyond the maker/taker spread, no KYC or identity verification is required to open an account, and trading is available 24/7 including weekends and holidays when traditional equity markets are closed. Self-custody ensures you retain full control of your funds at all times.
MAGS Contract Notes & Catalysts to Watch
MAGS-PERP tracks the spot Roundhill Magnificent Seven ETF price through the trade.xyz oracle with hourly funding. This basket exists because those same seven names dominate the cap-weighted US indices, which means MAGS and XYZ100 overlap heavily and are not independent positions. The interesting use is the spread between them: long MAGS against short XYZ100 isolates whether mega-cap tech is leading or lagging the broader index, which is a cleaner way to trade market breadth than either leg alone. Every constituent of this fund is separately listed on this venue, so you can also express a view on one name against the basket that contains it. Earnings season is the concentrated risk window, since seven reports move the whole thing inside a few weeks.
Related markets: Nasdaq 100 (XYZ100) perp, S&P 500 (SP500) perp.
Key Market Facts
Leverage read from the Hyperliquid API; fee figures from Hyperliquid's published HIP-3 builder-market fee schedule, with growth mode applied. How builder fees and discounts work: Hyperliquid fees explained.
Frequently Asked Questions
How do I trade MAGS on Hyperliquid?
MAGS is available as a HIP-3 perpetual future on Hyperliquid, deployed via trade.xyz. You can trade it the same way as any other perp - deposit USDC, select the market, and open a position with up to 10x leverage.
What are the fees for MAGS on Hyperliquid?
0.009% taker and 0.003% maker at the base tier. MAGS runs in growth mode, which Hyperliquid's fee docs say cuts the all-in fee on a HIP-3 market by at least 90%. Without growth mode, the asset's deployer fee scale of 1 would put it at 0.09% taker and 0.03% maker. The deployer sets growth mode per asset, and the live setting sits in the Hyperliquid API's meta response.
Can I trade MAGS 24/7 on Hyperliquid?
Yes. Unlike traditional equity markets that have set trading hours, MAGS perpetual futures on Hyperliquid trade around the clock - 24 hours a day, 7 days a week, including weekends and holidays.
How we source and review this market data
Data collection. Live MAGS price, funding rate, open interest, and 24h volume are pulled directly from the Hyperliquid API on every page load and cross-checked against the live trade.xyz interface, which is where MAGS-PERP is deployed as a HIP-3 builder market. Numbers shown are unedited machine values from those feeds — we do not hand-adjust prices or rates.
Editorial review. The trading context on MAGS-PERP — catalysts, contract specs, and the “why trade this” analysis — is written and reviewed by Concept211, who has been building trading bots since 2016 and trading on Hyperliquid since February 2024, and who trades perpetuals daily with automated bots on the Hyperliquid API. Each market is checked against the live trade.xyz interface before publishing.
Last reviewed. . Contract specs and catalysts are re-checked on a rolling basis; live data refreshes automatically. Read the full editorial methodology for how figures are sourced, verified, and corrected.
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Where the figures come from. Live MAGS price, funding rate, open interest and 24h volume are read from the Hyperliquid API, the same public endpoint the exchange serves its own front end from, and cross-checked against the live trade.xyz interface where MAGS-PERP is deployed. Figures refresh on every page load and again every 30 seconds while the page is open, so any number quoted from this page is a point-in-time reading rather than a daily close. Contract specifications and editorial context were last reviewed ; this page has been published since 2026.
Reuse. You may republish these figures with attribution and a link to hyperliquidguide.com/markets/xyz/mags.
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