4 funding rates

4 perpetual funding across 6 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 03:10 UTC · refreshed every 5 min

Best pair · 7d: 6.9%long Variational, short MEXC · net 5.9%
Highest funding now: 10.9%Aster
Lowest funding now: 10.9%Aster
Listed on: 6 venues

Funding by venue

													Open
Aster	4USDT	10.9%	14.0%	15.1%	28.8%	15.3%	100%	4h	04:00	0.01684	$170k	$17k	AsAster
BinanceCEX	4USDT	10.9%	18.8%	19.1%	26.6%	19.1%	100%	4h	04:00	0.01686	$6.5M	$1.7M	BnBinance
BybitCEX	4USDT	10.9%	11.3%	15.8%	26.4%	16.5%	93%	4h	04:00	0.01682	$1.6M	$114k	ByBybit
GateCEX	4_USDT	10.9%	26.1%	17.0%	46.6%	15.4%	100%	4h	04:00	0.01685	$436k	$86k	GtGate
MEXCCEX	4_USDT	10.9%	21.7%	20.4%	32.0%	20.1%	100%	4h	04:00	0.01686	$552k	$119k	MxMEXC
Variational	4	10.9%	10.9%	13.4%	14.7%	13.8%	99%	4h	—	0.0168	$10k	$227	VaVariational

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
Variational	MEXCCEX	0.0%	10.8%	6.9%	17.3%	5.9%	8.9%	2.1d	cooling	$10k	low OIspread not incl.	Va Mx	calc
Aster	MEXCCEX	0.0%	7.7%	5.3%	3.2%	2.1%	3.2%	8.3d	weak	$170k		As Mx	calc
Variational	BinanceCEX	0.0%	7.9%	5.7%	11.2%	3.1%	4.6%	6.4d	cooling	$10k	low OIspread not incl.	Va Bn	calc
BybitCEX	MEXCCEX	0.0%	10.4%	4.6%	5.6%	0.7%	1.0%	12d	weak	$552k		By Mx	calc
Aster	BinanceCEX	0.0%	4.8%	4.0%	4.1%	−0.7%	−1.0%	16d	weak	$170k		As Bn	calc
Variational	Aster	0.0%	3.0%	1.7%	14.2%	−0.4%	−0.6%	17d	weak	$10k	low OIspread not incl.	Va As	calc
Variational	BybitCEX	0.0%	0.4%	2.4%	11.7%	−0.5%	−0.7%	17d	weak	$10k	low OIspread not incl.	Va By	calc
Variational	GateCEX	0.0%	15.2%	3.6%	31.9%	−0.4%	−0.5%	15d	spike ×9.3	$10k	low OIspread not incl.	Va Gt	calc
GateCEX	MEXCCEX	0.0%	−4.4%	3.4%	−14.6%	−1.6%	−2.3%	20d	weak	$436k		Gt Mx	calc
BybitCEX	BinanceCEX	0.0%	7.5%	3.3%	0.9%	−2.2%	−3.3%	23d	weak	$1.6M		By Bn	calc
BinanceCEX	MEXCCEX	0.0%	2.9%	1.3%	0.5%	−2.4%	−3.6%	41d	weak	$552k		Bn Mx	calc
Aster	GateCEX	0.0%	12.1%	1.9%	17.8%	−4.1%	−6.2%	45d	weak	$170k		As Gt	calc
Aster	BybitCEX	0.0%	−2.7%	0.7%	−2.4%	−4.3%	−6.4%	100d	weak	$170k		As By	calc
GateCEX	BinanceCEX	0.0%	−7.3%	2.1%	−12.0%	−4.4%	−6.6%	43d	weak	$436k		Gt Bn	calc
BybitCEX	GateCEX	0.0%	14.8%	1.2%	20.2%	−5.6%	−8.4%	81d	weak	$436k		By Gt	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 03:10 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.

No two venues give a usable spread right now.

4: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	MEXC0.01686
MEXC0.01686	—

All quotes (6)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
MEXCCEX	0.01686	0.01686	mark	8m	$119k	no FX
Aster	0.016838	0.016838	mark	12m	$17k	staleno FX
BinanceCEX	0.0168641	0.0168641	mark	12m	$1.7M	staleno FX
BybitCEX	0.016823	0.016823	mark	12m	$114k	staleno FX
GateCEX	0.016849	0.016849	mark	12m	$86k	staleno FX
Variational	0.0168023	0.0168023	mark	12m	$227	stale

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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