2Z funding rates
2Z perpetual funding across 9 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 27.1%long Bybit, short Lighter · net 24.2%
- Highest funding now
- 10.9%HyHyperliquid
- Lowest funding now
- 10.5%LiLighter
- Listed on
- 9 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HyHyperliquid | 2Z | 10.9% | 10.9% | −11.3% | −59.7% | −15.0% | 54% | 1h | — | 0.03804 | $1.5M | $257k | HyHyperliquid | ||
| AsAster | 2ZUSDT | 10.9% | 10.9% | −18.2% | −69.4% | −23.1% | 34% | 4h | 08:00 | 0.03803 | $36k | $6k | AsAster | ||
| BnBinanceCEX | 2ZUSDT | 10.9% | 10.9% | −11.1% | −68.6% | −15.4% | 42% | 4h | 08:00 | 0.03813 | $4.4M | $3.7M | BnBinance | ||
| ByBybitCEX | 2ZUSDT | 10.9% | 2.0% | −19.9% | −79.0% | −23.5% | 30% | 4h | 08:00 | 0.03818 | $2.4M | $1.0M | ByBybit | ||
| BgBitgetCEX | 2ZUSDT | 10.9% | 10.9% | 3.1% | −50.8% | 1.8% | 77% | 4h | 08:00 | 0.03815 | $564k | $383k | BgBitget | ||
| GtGateCEX | 2Z_USDT | 10.9% | 10.9% | −10.0% | −48.9% | −13.5% | 39% | 4h | 08:00 | 0.03809 | $215k | $84k | GtGate | ||
| MxMEXCCEX | 2Z_USDT | 10.9% | 1.7% | −19.8% | −78.0% | −23.4% | 30% | 4h | 08:00 | 0.03805 | $575k | $194k | MxMEXC | ||
| VaVariational | 2Z | 10.9% | 10.6% | −10.6% | −70.2% | −14.1% | 53% | 4h | — | 0.03798 | $9k | $85k | VaVariational | ||
| LiLighter | 2Z | 10.5% | 10.5% | 7.2% | −25.0% | 6.6% | 92% | 1h | 05:00 | 0.03759 | $20k | $2k | LiLighter |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| MxMEXCCEX | BgBitgetCEX | 0.0% | 9.2% | 22.9% | 27.3% | 18.7% | 28.1% | 2.5d | cooling | $564k | MxBg | calc | ||
| ByBybitCEX | BgBitgetCEX | 0.0% | 9.0% | 23.0% | 28.3% | 17.0% | 25.5% | 3.7d | cooling | $564k | ByBg | calc | ||
| MxMEXCCEX | LiLighter | −0.4% | 8.8% | 27.0% | 53.1% | 26.0% | 39.0% | 0.5d | cooling | $20k | low OI4h/1h | MxLi | calc | |
| ByBybitCEX | LiLighter | −0.4% | 8.5% | 27.1% | 54.1% | 24.2% | 36.3% | 1.5d | cooling | $20k | low OI4h/1h | ByLi | calc | |
| AsAster | LiLighter | −0.4% | −0.4% | 25.4% | 44.4% | 23.3% | 35.0% | 1.1d | cooling | $20k | low OI4h/1h | AsLi | calc | |
| BnBinanceCEX | BgBitgetCEX | 0.0% | 0.0% | 16.0% | 11.7% | 10.3% | 15.5% | 5.0d | cooling | $564k | BnBg | calc | ||
| HyHyperliquid | BgBitgetCEX | 0.0% | 0.0% | 14.3% | 8.9% | 8.9% | 13.3% | 5.3d | cooling | $564k | 1h/4h | HyBg | calc | |
| AsAster | BgBitgetCEX | 0.0% | 0.0% | 21.3% | 18.6% | 16.1% | 24.1% | 3.4d | cooling | $36k | low OI | AsBg | calc | |
| BnBinanceCEX | LiLighter | −0.4% | −0.4% | 17.8% | 39.7% | 15.2% | 22.8% | 2.0d | cooling | $20k | low OI4h/1h | BnLi | calc | |
| GtGateCEX | LiLighter | −0.4% | −0.4% | 17.2% | 24.0% | 13.3% | 19.9% | 3.2d | cooling | $20k | low OI4h/1h | GtLi | calc | |
| GtGateCEX | BgBitgetCEX | 0.0% | 0.0% | 13.1% | −1.9% | 6.0% | 9.0% | 7.5d | cooling | $215k | GtBg | calc | ||
| VaVariational | BgBitgetCEX | 0.0% | 0.3% | 13.7% | 19.4% | 10.6% | 15.8% | 3.2d | cooling | $9k | low OIspread not incl. | VaBg | calc | |
| MxMEXCCEX | HyHyperliquid | 0.0% | 9.2% | 8.6% | 18.3% | 5.2% | 7.8% | 5.5d | cooling | $575k | 4h/1h | MxHy | calc | |
| MxMEXCCEX | GtGateCEX | 0.0% | 9.2% | 9.9% | 29.1% | 4.9% | 7.3% | 7.0d | cooling | $215k | MxGt | calc | ||
| VaVariational | LiLighter | −0.4% | −0.1% | 17.8% | 45.2% | 17.8% | 26.7% | <0.1d | mixed | $9k | low OI4h/1hspread not incl. | VaLi | calc | |
| MxMEXCCEX | VaVariational | 0.0% | 8.9% | 9.2% | 7.8% | 8.2% | 12.3% | 1.6d | cooling | $9k | low OIspread not incl. | MxVa | calc | |
| HyHyperliquid | LiLighter | −0.4% | −0.4% | 18.5% | 34.7% | 16.1% | 24.2% | 1.8d | mixed | $20k | low OI | HyLi | calc | |
| MxMEXCCEX | BnBinanceCEX | 0.0% | 9.2% | 7.3% | 17.9% | 3.6% | 5.4% | 7.0d | cooling | $575k | MxBn | calc | ||
| ByBybitCEX | HyHyperliquid | 0.0% | 9.0% | 8.6% | 19.4% | 3.4% | 5.1% | 8.5d | cooling | $1.5M | 4h/1h | ByHy | calc | |
| ByBybitCEX | VaVariational | 0.0% | 8.7% | 9.3% | 8.9% | 6.4% | 9.6% | 4.3d | cooling | $9k | low OIspread not incl. | ByVa | calc | |
| ByBybitCEX | GtGateCEX | 0.0% | 8.9% | 9.9% | 30.1% | 3.1% | 4.7% | 9.6d | cooling | $215k | ByGt | calc | ||
| AsAster | VaVariational | 0.0% | −0.3% | 7.6% | −0.8% | 5.5% | 8.3% | 3.8d | cooling | $9k | low OIspread not incl. | AsVa | calc | |
| ByBybitCEX | BnBinanceCEX | 0.0% | 9.0% | 7.3% | 19.0% | 1.8% | 2.8% | 10d | cooling | $2.4M | ByBn | calc | ||
| AsAster | HyHyperliquid | 0.0% | 0.0% | 7.0% | 9.7% | 2.5% | 3.8% | 8.9d | cooling | $36k | low OI4h/1h | AsHy | calc | |
| AsAster | GtGateCEX | 0.0% | 0.0% | 8.2% | 20.5% | 2.2% | 3.4% | 10d | cooling | $36k | low OI | AsGt | calc | |
| BnBinanceCEX | HyHyperliquid | 0.0% | 0.0% | 5.9% | 3.4% | 0.9% | 1.4% | 12d | cooling | $1.5M | 4h/1h | BnHy | calc | |
| AsAster | BnBinanceCEX | 0.0% | 0.0% | 6.3% | 7.9% | 1.6% | 2.4% | 10d | cooling | $36k | low OI | AsBn | calc | |
| BgBitgetCEX | LiLighter | −0.4% | −0.4% | 4.1% | 25.8% | 1.0% | 1.5% | 11d | mixed | $20k | low OI4h/1h | BgLi | calc | |
| ByBybitCEX | MxMEXCCEX | 0.0% | −0.3% | 0.1% | 1.0% | −3.8% | −5.8% | 792d | weak | $575k | ByMx | calc | ||
| BnBinanceCEX | GtGateCEX | 0.0% | 0.0% | 2.1% | 14.1% | −4.4% | −6.6% | 44d | weak | $215k | BnGt | calc | ||
| MxMEXCCEX | AsAster | 0.0% | 9.2% | 1.6% | 8.6% | −1.5% | −2.3% | 27d | mixed | $36k | low OI | MxAs | calc | |
| HyHyperliquid | VaVariational | 0.0% | −0.3% | 0.7% | −10.5% | −1.7% | −2.5% | 50d | mixed | $9k | low OI1h/4hspread not incl. | HyVa | calc | |
| HyHyperliquid | GtGateCEX | 0.0% | 0.0% | 1.3% | 10.8% | −5.0% | −7.5% | 68d | mixed | $215k | 1h/4h | HyGt | calc | |
| VaVariational | BnBinanceCEX | 0.0% | 0.3% | 0.1% | 9.8% | −2.5% | −3.8% | 342d | mixed | $9k | low OIspread not incl. | VaBn | calc | |
| ByBybitCEX | AsAster | 0.0% | 9.0% | 1.7% | 9.7% | −3.3% | −4.9% | 41d | mixed | $36k | low OI | ByAs | calc | |
| VaVariational | GtGateCEX | 0.0% | 0.3% | 0.6% | 21.3% | −3.3% | −4.9% | 87d | mixed | $9k | low OIspread not incl. | VaGt | calc | |
| LiLighter | BgBitgetCEX | 0.4% | 0.4% | −4.1% | −25.8% | −7.2% | −10.9% | — | weak | $20k | low OI1h/4h | LiBg | calc | |
| LiLighter | VaVariational | 0.4% | 0.1% | −17.8% | −45.2% | −17.8% | −26.7% | — | mixed | $9k | low OI1h/4hspread not incl. | LiVa | calc | |
| LiLighter | BnBinanceCEX | 0.4% | 0.4% | −17.8% | −39.7% | −20.4% | −30.6% | — | mixed | $20k | low OI1h/4h | LiBn | calc | |
| LiLighter | HyHyperliquid | 0.4% | 0.4% | −18.5% | −34.7% | −20.8% | −31.2% | — | mixed | $20k | low OI | LiHy | calc | |
| LiLighter | GtGateCEX | 0.4% | 0.4% | −17.2% | −24.0% | −21.1% | −31.6% | — | mixed | $20k | low OI1h/4h | LiGt | calc | |
| LiLighter | AsAster | 0.4% | 0.4% | −25.4% | −44.4% | −27.5% | −41.3% | — | mixed | $20k | low OI1h/4h | LiAs | calc | |
| LiLighter | MxMEXCCEX | 0.4% | −8.8% | −27.0% | −53.1% | −28.1% | −42.1% | — | mixed | $20k | low OI1h/4h | LiMx | calc | |
| LiLighter | ByBybitCEX | 0.4% | −8.5% | −27.1% | −54.1% | −30.0% | −44.9% | — | mixed | $20k | low OI1h/4h | LiBy | calc | |
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).
Prices now
Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.Indicative · marks from 2026-10-12 04:36 UTC
Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.
Indicative (mark or mid prices): buy on Lighter at 0.03759, sell on Bybit at 0.03818: 1.56% before fees, 1.45% after taker fees.
| Buy ↓ · Sell → | ByBybit0.03818 | BgBitget0.03815 | BnBinance0.0381321 | GtGate0.03809 | MxMEXC0.03805 | HyHyperliquid0.038043 | AsAster0.0380266 | VaVariational0.037978 | LiLighter0.03759 |
|---|---|---|---|---|---|---|---|---|---|
| LiLighter0.03759 | 1.56% | 1.48% | 1.43% | 1.32% | 1.22% | 1.20% | 1.15% | 1.03% | — |
| VaVariational0.037978 | 0.530% | 0.452% | 0.405% | 0.294% | 0.189% | 0.171% | 0.128% | — | −1.03% |
| AsAster0.0380266 | 0.403% | 0.324% | 0.277% | 0.167% | 0.062% | 0.043% | — | −0.128% | −1.15% |
| HyHyperliquid0.038043 | 0.359% | 0.281% | 0.234% | 0.123% | 0.018% | — | −0.043% | −0.171% | −1.20% |
| MxMEXC0.03805 | 0.341% | 0.262% | 0.216% | 0.105% | — | −0.018% | −0.062% | −0.189% | −1.22% |
| GtGate0.03809 | 0.236% | 0.157% | 0.111% | — | −0.105% | −0.123% | −0.167% | −0.294% | −1.32% |
| BnBinance0.0381321 | 0.125% | 0.047% | — | −0.111% | −0.216% | −0.234% | −0.277% | −0.405% | −1.43% |
| BgBitget0.03815 | 0.079% | — | −0.047% | −0.157% | −0.262% | −0.281% | −0.324% | −0.452% | −1.48% |
| ByBybit0.03818 | — | −0.079% | −0.125% | −0.236% | −0.341% | −0.359% | −0.403% | −0.530% | −1.56% |
All quotes (9)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| AsAster | 0.0380266 | 0.0380266 | mark | 6m | $6k | no FX |
| BnBinanceCEX | 0.0381321 | 0.0381321 | mark | 6m | $3.7M | no FX |
| BgBitgetCEX | 0.03815 | 0.03815 | mark | 6m | $383k | no FX |
| ByBybitCEX | 0.03818 | 0.03818 | mark | 6m | $1.0M | no FX |
| GtGateCEX | 0.03809 | 0.03809 | mark | 6m | $84k | no FX |
| HyHyperliquid | 0.038043 | 0.038043 | mark | 6m | $257k | |
| LiLighter | 0.03759 | 0.03759 | mark | 6m | $2k | |
| MxMEXCCEX | 0.03805 | 0.03805 | mark | 6m | $194k | no FX |
| VaVariational | 0.037978 | 0.037978 | mark | 6m | $85k |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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