The experimental realization of time dependent ultracold lattice systems has paved the way towards the implementation of new Hubbard-like Hamiltonians. We show that in a one dimensional two components lattice dipolar Fermi gas the competition between long range repulsion and correlated hopping induced by periodically modulated on-site interaction allows for the formation of exotic hidden magnetic phases. The magnetism, characterized solely by string-like nonlocal order parameters, manifests itself both in the charge and, noticeably, in the spin degrees of freedom. Such behavior is enlighten by employing both Luttinger theory and numerical methods. Crucially the range of parameters for which hidden magnetism is present can be reached by means of the currently available experimental setups and probes.
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