Funding rate arbitrage screener
Delta-neutral pairs across 18 perp DEXs and CEXs: long where funding is cheap, short where it pays. Net APR is after taker fees.
· refreshed every 5 min
- Best steady spread · 7d
- 302%AGENCY · long Gate, short MEXC · net 297%
- Pairs
- 611210 steady · 359 above 10% APR
- Coverage
- 18 venues
- 6311 markets
- 1368 coins
- Median spread · 7d
- 13.0%best pair per coin, OI ≥ $50k
- LLongGtGateCEXSShortMxMEXCCEX302%7d spread APR
- LLongGtGateCEXSShortAsAster124%7d spread APR
- LLongGtGateCEXSShortMxMEXCCEX104%7d spread APR
- LLongVaVariationalSShortGtGateCEX80.3%7d spread APR
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | ||||||||||||
| AGENCYGtlong Gate, short MEXCMx | GtGateCEX | MxMEXCCEX | 32.9% | 30.9% | 302% | — | 297% | 446% | 0.2d | steady | $62k | GtMx | ||
| LUNCMxlong MEXC, short BinanceBn | MxMEXCCEX | BnBinanceCEX | 215% | 195% | 199% | 78.7% | 196% | 293% | 0.3d | new | $3.9M | MxBn | ||
| ORCAValong Variational, short AsterAs | VaVariational | AsAster | 0.0% | −0.8% | 162% | 33.3% | 160% | 240% | 0.2d | cooling | $104k | spread not incl. | VaAs | |
| ARKValong Variational, short BitgetBg | VaVariational | BgBitgetCEX | 0.0% | 0.0% | 147% | 206% | 144% | 216% | 0.3d | cooling | $73k | spread not incl. | VaBg | |
| RLCGtlong Gate, short AsterAs | GtGateCEX | AsAster | 16.1% | 71.1% | 124% | — | 118% | 177% | 0.7d | steady | $80k | GtAs | ||
| PODGtlong Gate, short AsterAs | GtGateCEX | AsAster | 0.0% | 0.0% | 208% | — | 202% | 303% | 0.4d | cooling | $7k | low OI4h/1h | GtAs | |
| AINGtlong Gate, short MEXCMx | GtGateCEX | MxMEXCCEX | 37.4% | 26.2% | 104% | 55.5% | 98.7% | 148% | 0.7d | steady | $502k | GtMx | ||
| SIGNValong Variational, short GateGt | VaVariational | GtGateCEX | 123% | 71.3% | 80.3% | 58.9% | 76.4% | 115% | 0.7d | steady | $129k | spread not incl. | VaGt | |
| SECZGtlong Gate, short BitgetBg | GtGateCEX | BgBitgetCEX | 357% | 20.0% | 82.1% | 53.0% | 75.0% | 113% | 1.2d | steady | $58k | GtBg | ||
| SValong Variational, short BinanceBn | VaVariational | BnBinanceCEX | 10.3% | 45.4% | 76.2% | 70.7% | 73.6% | 110% | 0.5d | steady | $914k | spread not incl. | VaBn | |
| STEEMBylong Bybit, short BitgetBg | ByBybitCEX | BgBitgetCEX | 0.0% | −0.5% | 78.7% | 40.4% | 72.7% | 109% | 1.1d | cooling | $340k | ByBg | ||
| GRVTValong Variational, short GRVTGr | VaVariational | GrGRVT | 47.3% | 55.2% | 74.9% | 53.5% | 72.6% | 109% | 0.4d | steady | $331k | spread not incl. | VaGr | |
| GPMxlong MEXC, short GateGt | MxMEXCCEX | GtGateCEX | −32.9% | 184% | 147% | −3.2% | 142% | 213% | 0.5d | cooling | $41k | low OI | MxGt | |
| UPGtlong Gate, short AsterAs | GtGateCEX | AsAster | 0.0% | 104% | 146% | 10.4% | 140% | 209% | 0.6d | cooling | $50k | low OI4h/1h | GtAs | |
| BWETBglong Bitget, short GateGt | BgBitgetCEX | GtGateCEX | −156% | −16.2% | 75.0% | 59.4% | 68.0% | 102% | 1.3d | cooling | $388k | BgGt | ||
| RIVERLilong Lighter, short GateGt | LiLighter | GtGateCEX | 0.4% | 64.9% | 71.6% | 33.8% | 67.7% | 101% | 0.8d | steady | $225k | 1h/4h | LiGt | |
| FLORKGtlong Gate, short AsterAs | GtGateCEX | AsAster | 0.0% | 0.0% | 134% | 102% | 128% | 193% | 0.6d | cooling | $44k | low OI4h/1h | GtAs | |
| RAYValong Variational, short GateGt | VaVariational | GtGateCEX | 1.5% | 39.2% | 65.9% | 35.5% | 62.0% | 93.0% | 0.8d | steady | $706k | spread not incl. | VaGt | |
| DRVAslong Aster, short LighterLi | AsAster | LiLighter | −443% | −27.6% | 63.9% | — | 61.8% | 92.7% | 0.5d | new | $67k | AsLi | ||
| TRUSTValong Variational, short MEXCMx | VaVariational | MxMEXCCEX | 0.0% | 0.0% | 124% | −19.3% | 123% | 185% | 0.1d | cooling | $33k | low OIspread not incl. | VaMx | |
| AGPUGtlong Gate, short BitgetBg | GtGateCEX | BgBitgetCEX | 0.0% | 0.0% | 65.3% | 46.3% | 58.3% | 87.4% | 1.5d | cooling | $111k | GtBg | ||
| ESPBylong Bybit, short BitgetBg | ByBybitCEX | BgBitgetCEX | 0.0% | 0.0% | 63.6% | 16.5% | 57.6% | 86.5% | 1.3d | cooling | $1.3M | ByBg | ||
| KSMValong Variational, short GateGt | VaVariational | GtGateCEX | 86.8% | 74.2% | 60.7% | 80.7% | 56.8% | 85.2% | 0.9d | steady | $84k | spread not incl. | VaGt | |
| LABylong Bybit, short BinanceBn | ByBybitCEX | BnBinanceCEX | 1013% | 225% | 60.2% | 4.7% | 54.8% | 82.1% | 1.3d | new | $2.6M | ByBn | ||
| GTCBnlong Binance, short AsterAs | BnBinanceCEX | AsAster | 0.0% | 7.9% | 58.7% | 28.3% | 54.0% | 81.0% | 1.1d | cooling | $69k | BnAs | ||
| MINABnlong Binance, short VariationalVa | BnBinanceCEX | VaVariational | 57.2% | 21.9% | 56.0% | 39.2% | 53.4% | 80.2% | 0.7d | steady | $336k | 8h/4hspread not incl. | BnVa | |
| NMRValong Variational, short LighterLi | VaVariational | LiLighter | −0.4% | −0.4% | 104% | 32.9% | 104% | 155% | <0.1d | mixed | $52k | 4h/1hspread not incl. | VaLi | |
| USGtlong Gate, short AsterAs | GtGateCEX | AsAster | −28.2% | −60.4% | 56.1% | 47.2% | 50.1% | 75.2% | 1.5d | cooling | $215k | GtAs | ||
| ARGUSGtlong Gate, short MEXCMx | GtGateCEX | MxMEXCCEX | 427% | 170% | 192% | 159% | 187% | 281% | 0.4d | steady | $19k | low OI | GtMx | |
| JASMYValong Variational, short BitgetBg | VaVariational | BgBitgetCEX | 8.9% | 60.0% | 49.7% | 58.9% | 46.5% | 69.8% | 0.9d | steady | $317k | spread not incl. | VaBg | |
| SYNBnlong Binance, short AsterAs | BnBinanceCEX | AsAster | 54.8% | 34.8% | 51.2% | 40.7% | 46.5% | 69.7% | 1.3d | steady | $3.1M | BnAs | ||
| SIRENBglong Bitget, short GateGt | BgBitgetCEX | GtGateCEX | 82.1% | 53.1% | 53.4% | 50.6% | 46.3% | 69.5% | 1.8d | steady | $670k | BgGt | ||
| ZCATGtlong Gate, short MEXCMx | GtGateCEX | MxMEXCCEX | 32.9% | 10.4% | 50.7% | 28.9% | 45.7% | 68.6% | 1.4d | steady | $106k | GtMx | ||
| STXValong Variational, short HyperliquidHy | VaVariational | HyHyperliquid | 49.8% | 57.7% | 47.6% | 42.4% | 45.3% | 67.9% | 0.7d | steady | $1.1M | 8h/1hspread not incl. | VaHy | |
| OGNMxlong MEXC, short AsterAs | MxMEXCCEX | AsAster | 149% | 110% | 93.4% | 22.6% | 90.3% | 135% | 0.5d | steady | $17k | low OI | MxAs | |
| KIIGtlong Gate, short MEXCMx | GtGateCEX | MxMEXCCEX | 0.0% | 0.0% | 49.5% | 32.3% | 44.5% | 66.8% | 1.4d | cooling | $172k | GtMx | ||
| CVCValong Variational, short MEXCMx | VaVariational | MxMEXCCEX | 0.0% | −4.0% | 89.2% | 17.9% | 88.1% | 132% | 0.2d | cooling | $26k | low OI8h/4hspread not incl. | VaMx | |
| KOMAValong Variational, short AsterAs | VaVariational | AsAster | 0.0% | −18.3% | 45.6% | 62.0% | 43.5% | 65.3% | 0.6d | cooling | $52k | spread not incl. | VaAs | |
| CHRBylong Bybit, short BitgetBg | ByBybitCEX | BgBitgetCEX | 0.0% | 0.0% | 48.8% | 4.4% | 42.8% | 64.2% | 1.7d | cooling | $328k | ByBg | ||
| BARDGrlong GRVT, short BinanceBn | GrGRVT | BnBinanceCEX | 74.2% | 51.9% | 46.0% | 19.0% | 41.1% | 61.6% | 1.5d | steady | $125k | GrBn | ||
| CNPYGtlong Gate, short MEXCMx | GtGateCEX | MxMEXCCEX | 39.2% | 10.3% | 45.4% | −11.6% | 40.4% | 60.6% | 1.5d | steady | $155k | GtMx | ||
| FOLKSValong Variational, short LighterLi | VaVariational | LiLighter | −0.4% | 2.2% | 80.7% | 102% | 80.7% | 121% | <0.1d | cooling | $33k | low OI4h/1hspread not incl. | VaLi | |
| OPGBylong Bybit, short AsterAs | ByBybitCEX | AsAster | 82.4% | 38.4% | 45.0% | 25.9% | 40.1% | 60.1% | 1.5d | steady | $502k | ByAs | ||
| LYNAslong Aster, short BitgetBg | AsAster | BgBitgetCEX | 0.0% | 0.0% | 45.0% | −26.3% | 39.8% | 59.7% | 1.6d | cooling | $372k | AsBg | ||
| BASECATGtlong Gate, short AsterAs | GtGateCEX | AsAster | 11.1% | 45.8% | 45.6% | 43.6% | 39.6% | 59.4% | 1.8d | steady | $99k | 4h/1h | GtAs | |
| ZILGtlong Gate, short AsterAs | GtGateCEX | AsAster | 0.0% | 0.0% | 45.2% | 65.1% | 39.2% | 58.9% | 1.9d | cooling | $79k | GtAs | ||
| SANDGtlong Gate, short AsterAs | GtGateCEX | AsAster | 10.2% | 54.6% | 44.8% | 10.5% | 38.8% | 58.2% | 1.9d | steady | $91k | GtAs | ||
| XDPAslong Aster, short BybitBy | AsAster | ByBybitCEX | 246% | 51.7% | 82.2% | 89.8% | 77.3% | 116% | 0.8d | steady | $48k | low OI1h/4h | AsBy | |
| DOSBglong Bitget, short AsterAs | BgBitgetCEX | AsAster | 72.8% | 59.7% | 42.6% | 25.0% | 37.4% | 56.0% | 1.7d | steady | $803k | BgAs | ||
| STBLLilong Lighter, short AsterAs | LiLighter | AsAster | 112% | 40.4% | 38.9% | 35.5% | 36.9% | 55.3% | 0.7d | steady | $65k | 1h/4h | LiAs | |
| ZKCValong Variational, short BitgetBg | VaVariational | BgBitgetCEX | 0.0% | −1.4% | 76.3% | 6.6% | 73.2% | 110% | 0.6d | cooling | $9k | low OIspread not incl. | VaBg | |
| WLFIValong Variational, short AsterAs | VaVariational | AsAster | 42.9% | 15.9% | 38.1% | 18.6% | 36.0% | 54.1% | 0.8d | steady | $376k | spread not incl. | VaAs | |
| NOTValong Variational, short BinanceBn | VaVariational | BnBinanceCEX | 0.0% | 0.5% | 38.4% | 33.8% | 35.8% | 53.7% | 1.0d | cooling | $110k | spread not incl. | VaBn | |
| LAPTOPGtlong Gate, short AsterAs | GtGateCEX | AsAster | 0.0% | −77.9% | 76.1% | −21.5% | 70.1% | 105% | 1.1d | cooling | $14k | low OI4h/1h | GtAs | |
| ZESTBylong Bybit, short GateGt | ByBybitCEX | GtGateCEX | 38.1% | 79.3% | 40.4% | −5.8% | 33.6% | 50.4% | 2.3d | steady | $1.4M | 4h/1h | ByGt | |
| B3Mxlong MEXC, short AsterAs | MxMEXCCEX | AsAster | 212% | 76.0% | 69.2% | 203% | 66.1% | 99.1% | 0.6d | steady | $1k | low OI4h/1h | MxAs | |
| CARVValong Variational, short BybitBy | VaVariational | ByBybitCEX | 0.0% | 0.0% | 68.1% | 13.6% | 65.2% | 97.9% | 0.6d | cooling | $5k | low OIspread not incl. | VaBy | |
| BONKNalong Nado, short LighterLi | NaNado | LiLighter | 44.0% | 36.6% | 34.3% | 23.8% | 32.5% | 48.7% | 0.7d | steady | $110k | NaLi | ||
| PAIRAslong Aster, short GateGt | AsAster | GtGateCEX | 0.0% | 154% | 70.0% | 11.2% | 64.0% | 96.1% | 1.2d | cooling | $15k | low OI1h/4h | AsGt | |
| PROMAslong Aster, short BitgetBg | AsAster | BgBitgetCEX | 41.9% | 12.2% | 36.6% | 25.7% | 31.4% | 47.1% | 2.0d | steady | $186k | AsBg | ||
| SKLGtlong Gate, short BybitBy | GtGateCEX | ByBybitCEX | 0.0% | 10.9% | 36.7% | 21.6% | 29.9% | 44.9% | 2.6d | cooling | $216k | 4h/8h | GtBy | |
| METMxlong MEXC, short LighterLi | MxMEXCCEX | LiLighter | 63.9% | 56.8% | 30.8% | 11.0% | 29.7% | 44.6% | 0.5d | steady | $138k | 4h/1h | MxLi | |
| BONERGtlong Gate, short MEXCMx | GtGateCEX | MxMEXCCEX | 21.7% | 18.3% | 64.1% | 73.8% | 59.1% | 88.7% | 1.1d | steady | $42k | low OI | GtMx | |
| UMAAslong Aster, short BitgetBg | AsAster | BgBitgetCEX | 106% | 38.2% | 63.8% | 17.9% | 58.6% | 87.9% | 1.1d | steady | $11k | low OI | AsBg | |
| CHIPAslong Aster, short NadoNa | AsAster | NaNado | 81.2% | 49.6% | 33.0% | 25.4% | 29.1% | 43.7% | 1.7d | steady | $114k | 4h/1h | AsNa | |
| MANAValong Variational, short AsterAs | VaVariational | AsAster | 62.1% | 55.7% | 59.9% | 68.9% | 57.8% | 86.7% | 0.5d | steady | $41k | low OIspread not incl. | VaAs | |
| ERAValong Variational, short BitgetBg | VaVariational | BgBitgetCEX | −41.9% | 93.6% | 60.7% | 18.2% | 57.6% | 86.3% | 0.7d | cooling | $26k | low OIspread not incl. | VaBg | |
| ONTBylong Bybit, short GateGt | ByBybitCEX | GtGateCEX | 0.0% | −0.6% | 35.1% | 9.6% | 28.3% | 42.5% | 2.7d | cooling | $263k | ByGt | ||
| ACNGtlong Gate, short AsterAs | GtGateCEX | AsAster | −40.0% | −12.9% | 34.3% | 19.0% | 28.3% | 42.4% | 2.4d | cooling | $118k | GtAs | ||
| AIXBTValong Variational, short BitgetBg | VaVariational | BgBitgetCEX | 42.9% | 34.4% | 30.8% | 28.7% | 27.7% | 41.5% | 1.4d | steady | $92k | spread not incl. | VaBg | |
| STONKSAslong Aster, short GateGt | AsAster | GtGateCEX | 0.0% | 329% | 116% | 26.2% | 110% | 165% | 0.7d | spike ×4.1 | $19k | low OI1h/4h | AsGt | |
| CATEGtlong Gate, short AsterAs | GtGateCEX | AsAster | 0.0% | 0.0% | 33.4% | 74.7% | 27.4% | 41.1% | 2.5d | cooling | $79k | 4h/1h | GtAs | |
| TGtlong Gate, short BinanceBn | GtGateCEX | BnBinanceCEX | 88.5% | 42.0% | 33.9% | 10.7% | 27.3% | 41.0% | 2.7d | new | $144k | GtBn | ||
| THETAValong Variational, short AsterAs | VaVariational | AsAster | 19.7% | 2.1% | 56.4% | 68.1% | 54.3% | 81.5% | 0.5d | steady | $10k | low OIspread not incl. | VaAs | |
| API3Aslong Aster, short BitgetBg | AsAster | BgBitgetCEX | 61.6% | 39.6% | 56.9% | 18.3% | 51.7% | 77.5% | 1.3d | steady | $4k | low OI | AsBg | |
| POWERBglong Bitget, short AsterAs | BgBitgetCEX | AsAster | 21.1% | 18.6% | 31.0% | 23.9% | 25.7% | 38.6% | 2.4d | steady | $93k | BgAs | ||
| PIPPINBylong Bybit, short BitgetBg | ByBybitCEX | BgBitgetCEX | −18.8% | −9.2% | 31.0% | 27.3% | 25.0% | 37.5% | 2.7d | cooling | $1.5M | ByBg | ||
| POWRBylong Bybit, short GateGt | ByBybitCEX | GtGateCEX | −119% | −41.9% | 31.7% | 43.0% | 24.9% | 37.3% | 3.0d | cooling | $52k | ByGt | ||
| STONKBglong Bitget, short LighterLi | BgBitgetCEX | LiLighter | 25.8% | 89.1% | 51.5% | 38.1% | 48.4% | 72.6% | 0.9d | steady | $411k | 4h/1h | BgLi | |
| PONSLrlong Lighter RH, short AsterAs | LrLighter RH | AsAster | 11.8% | 23.6% | 25.7% | 5.2% | 23.6% | 35.4% | 1.1d | steady | $545k | 1h/4h | LrAs | |
| RVNGtlong Gate, short BitgetBg | GtGateCEX | BgBitgetCEX | −54.6% | 1.4% | 30.6% | 0.6% | 23.6% | 35.3% | 3.2d | cooling | $138k | 8h/4h | GtBg | |
| CARDSGtlong Gate, short AsterAs | GtGateCEX | AsAster | 0.0% | 4.0% | 52.0% | 115% | 46.0% | 69.1% | 1.6d | cooling | $48k | low OI4h/1h | GtAs | |
| GMTGtlong Gate, short HyperliquidHy | GtGateCEX | HyHyperliquid | 75.2% | 43.2% | 29.0% | 10.1% | 22.7% | 34.1% | 3.0d | steady | $119k | 8h/1h | GtHy | |
| LITBylong Bybit, short RISExRx | ByBybitCEX | RxRISEx | −11.0% | 35.6% | 27.1% | 24.0% | 22.7% | 34.0% | 2.3d | cooling | $1.1M | 4h/1h | ByRx | |
| 龙虾Bnlong Binance, short AsterAs | BnBinanceCEX | AsAster | 17.8% | 6.0% | 27.3% | 46.6% | 22.6% | 33.9% | 2.4d | steady | $3.1M | BnAs | ||
| QNTBnlong Binance, short BybitBy | BnBinanceCEX | ByBybitCEX | −16.4% | 1.9% | 27.8% | 18.8% | 22.3% | 33.4% | 2.8d | cooling | $20.8M | BnBy | ||
| XVSGtlong Gate, short BitgetBg | GtGateCEX | BgBitgetCEX | 68.2% | 24.7% | 29.2% | 16.2% | 22.1% | 33.2% | 3.4d | steady | $54k | GtBg | ||
| BLUAIGtlong Gate, short BybitBy | GtGateCEX | ByBybitCEX | 0.0% | −3.2% | 28.9% | 29.7% | 22.1% | 33.1% | 3.3d | cooling | $490k | GtBy | ||
| ICPValong Variational, short HyperliquidHy | VaVariational | HyHyperliquid | 0.0% | 13.8% | 24.3% | 30.1% | 22.0% | 32.9% | 1.4d | cooling | $1.7M | 8h/1hspread not incl. | VaHy | |
| CASHCATLrlong Lighter RH, short LighterLi | LrLighter RH | LiLighter | 17.5% | 15.0% | 21.9% | 16.3% | 21.9% | 32.9% | <0.1d | steady | $207k | LrLi | ||
| CROValong Variational, short BitgetBg | VaVariational | BgBitgetCEX | 0.0% | 0.0% | 24.6% | 13.2% | 21.5% | 32.3% | 1.8d | cooling | $98k | spread not incl. | VaBg | |
| PAIDMxlong MEXC, short GateGt | MxMEXCCEX | GtGateCEX | 35.7% | 32.0% | 26.4% | −108% | 21.4% | 32.2% | 2.6d | steady | $182k | MxGt | ||
| SOLLilong Lighter, short GRVTGr | LiLighter | GrGRVT | 0.4% | 0.1% | 23.8% | 7.7% | 21.4% | 32.2% | 1.4d | steady | $23.5M | 1h/8h | LiGr | |
| IRYSBylong Bybit, short BinanceBn | ByBybitCEX | BnBinanceCEX | 9.7% | 15.2% | 26.8% | 3.1% | 21.4% | 32.0% | 2.9d | steady | $857k | ByBn | ||
| MBnlong Binance, short VariationalVa | BnBinanceCEX | VaVariational | 0.0% | 0.0% | 23.8% | 2.9% | 21.2% | 31.8% | 1.5d | cooling | $73k | spread not incl. | BnVa | |
| CAPLilong Lighter, short BinanceBn | LiLighter | BnBinanceCEX | 45.6% | 42.1% | 23.7% | 18.3% | 21.1% | 31.7% | 1.5d | steady | $111k | 1h/4h | LiBn | |
| LABGtlong Gate, short AsterAs | GtGateCEX | AsAster | 16.9% | 9.0% | 26.8% | 21.7% | 20.9% | 31.3% | 3.1d | steady | $52k | GtAs | ||
| BRBylong Bybit, short AsterAs | ByBybitCEX | AsAster | 0.0% | −7.8% | 25.7% | 29.8% | 20.7% | 31.1% | 2.7d | cooling | $73k | ByAs | ||
| INJValong Variational, short MEXCMx | VaVariational | MxMEXCCEX | 17.2% | 16.7% | 21.8% | 20.4% | 20.7% | 31.1% | 0.7d | steady | $399k | spread not incl. | VaMx | |
| MONNalong Nado, short RISExRx | NaNado | RxRISEx | 19.0% | 22.7% | 23.5% | — | 20.1% | 30.2% | 2.0d | new | $73k | NaRx | ||
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What the columns and badges mean
- now
- Current funding spread APR: short-leg rate minus long-leg rate, annualized.
- 24h
- Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d
- Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
- 30d
- Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d trend
- Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
- Net APR
- 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
- On capital
- Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
- Breakeven
- Days of 7d-average funding needed to pay back open+close taker fees.
- Min OI
- Smaller open interest of the two legs, USD.
- steady
- Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
- spike
- The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
- mixed
- The spread was negative too often: not negative in only X% of hours over 7 days.
- new
- Less than 4 days of shared history in the prior week: stability cannot be judged yet.
- weak
- Prior-week spread under 5% APR: too small to call steady.
- cooling
- The prior week was solid, but the last 24h or the current spread is not positive.
- ≠ asset?
- Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
- stale
- At least one leg has not updated for over 30 minutes.
- low OI
- Open interest under $50k on at least one leg — size carefully.
- 8h/1h
- Funding intervals differ (8h vs 1h): payments are not simultaneous.
- TradFi
- Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
- invite only
- Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
- spread not incl.
- A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
- CEX
- Centralized exchange: trading needs an account with identity verification (KYC).