MAGS xyz xyz:MAGS

Indices

MAGS holds the seven mega-cap "Magnificent Seven" tech stocks (Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta and Tesla) in equal weight; this contract references its share price. Tracked here on Hyperliquid (xyz) with live mark, funding, open interest and premium to oracle.

70.57 −1.35%

B Grade B

Zones and levels Screener

How good a synthetic is it?

How this is graded ›

Measured against the venue's own oracle — the price the perp is pulled toward, over the last 30 days of 15-minute samples.

Tracking

Good

5.5 bps

Typical distance between the traded price and the venue’s oracle while the underlying market is open. It sits within 10 bps of it 69.2% of the time.

Cost to trade it: the venue’s impact bid/ask spread runs 32.8 bps, median over the same window. It is context, not part of the rating.

median, 30 days

Reopen fidelity

Good

0.8 bps

How far the price moves when the underlying market reopens — how close the venue’s closed-hours price was to reality. It was closer than the last real price 80% of the time.

median of 5 reopens

Cost of carry

Fair

14.3% a year

Funding actually paid over the last 30 days — longs pay at this rate. This is the running cost of holding the position, before fees.

30 days

Liquidity

Weak

$125.8K 24h volume

Open interest $338.4K. Weekend liquidity is not yet available.

latest snapshot

Every reopen

When the underlying market reopens, the oracle snaps back to the real price. The jump is how far the venue's closed-hours price was from reality.

Median jump 0.8 bps across 5 rated closures. The venue’s closed-hours price was closer to the reopening price than the last real price 80% of the time. Rows below are the last reopens captured, which can cover a different set of closures than the median.

Date	Closure	Venue price	Real reopen	Jump	Beat the close?
27 Oct 2026	Daily break	71.456	71.59	+18.8 bps	No
26 Oct 2026	Daily break	70.811	70.675	-19.2 bps	No
25 Oct 2026	Weekend	70.15	70.149	-0.1 bps	Yes
21 Oct 2026	Daily break	73.325	73.06	-36.1 bps	Yes
20 Oct 2026	Daily break	72.37	72.56	+26.2 bps	Yes
19 Oct 2026	Daily break	72.532	72.54	+1.1 bps	Yes
18 Oct 2026	Weekend not rated	70.843	70.843	+0.0 bps	Yes
15 Oct 2026	Daily break	72.65	72.64	-1.4 bps	No
14 Oct 2026	Daily break	72.808	72.885	+10.6 bps	No
13 Oct 2026	Daily break	74.375	74.375	+0.0 bps	Yes
12 Oct 2026	Daily break	73.963	73.918	-6.1 bps	No
11 Oct 2026	Weekend	73.858	73.858	+0.0 bps	Yes
8 Oct 2026	Daily break	73.153	73.165	+1.6 bps	Yes
7 Oct 2026	Daily break	73.662	73.77	+14.7 bps	No
6 Oct 2026	Daily break	73.95	73.835	-15.6 bps	No
5 Oct 2026	Daily break	73.507	73.57	+8.6 bps	Yes
4 Oct 2026	Weekend	72.443	72.437	-0.8 bps	Yes
1 Oct 2026	Daily break	71.578	71.45	-17.9 bps	Yes
30 Sep 2026	Daily break	71.776	71.79	+1.9 bps	Yes
29 Sep 2026	Daily break	71.585	71.45	-18.9 bps	Yes

Download this reopen record (CSV) Open data, licensed CC BY 4.0: copy, adapt and publish it, commercially included, with credit — “AlgoTraderPro HIP-3 reopen record (2026), CC BY 4.0” — and a link to this page.

90-day history

Open interest (USD), 90 days

Funding APR, 90 days

Premium to oracle, 90 days

Contract mechanics

What it tracks: Roundhill Magnificent Seven ETF — indices. This is a perpetual contract that references that price; it is not the underlying security, and it never expires or rolls.
Trading hours: Follows the CME futures session: Sunday 18:00 to Friday 17:00 New York time, with a one-hour break every day at 17:00, and CME holidays. The contract itself trades on Hyperliquid 24/7.
When the real market is closed: The oracle does not freeze. With no external price it starts from the last one and then drifts with Hyperliquid’s own book — a 30-minute exponential average of the gap between the impact bid/ask and the oracle — and snaps back to the real price on the first tick after the market reopens. Funding is charged against that oracle throughout, which is why the jump at each reopening is worth measuring.
Leverage: Up to 10×
Margin mode: Isolated only
Settles in: USDC — margin and profit are in this token, not the quote of the underlying market.
Deployer’s documentation: trade.xyz docs →