ALT funding rates

ALT perpetual funding across 7 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 03:51 UTC · refreshed every 5 min

Best pair · 7d: 18.0%long Variational, short Bitget · net 14.8%
Highest funding now: 10.9%Hyperliquid
Lowest funding now: −41.7%Variational
Listed on: 7 venues

Funding by venue

													Open
Hyperliquid	ALT	10.9%	8.1%	−6.0%	−1.5%	−8.3%	54%	1h	—	0.008187	$867k	$262k	HyHyperliquid
BitgetCEX	ALTUSDT	10.9%	10.9%	10.9%	9.8%	10.9%	100%	4h	04:00	0.008197	$710k	$268k	BgBitget
GateCEX	ALT_USDT	10.9%	8.0%	10.2%	7.3%	10.6%	97%	8h	08:00	0.008208	$190k	$183k	GtGate
MEXCCEX	ALT_USDT	10.7%	10.5%	9.8%	8.3%	9.7%	93%	4h	04:00	0.008188	$483k	$248k	MxMEXC
BinanceCEX	ALTUSDT	10.7%	9.0%	10.1%	8.4%	10.3%	97%	4h	04:00	0.008187	$3.1M	$5.8M	BnBinance
BybitCEX	ALTUSDT	−15.0%	−2.6%	1.8%	4.0%	2.5%	73%	4h	04:00	0.00819	$1.2M	$2.2M	ByBybit
Variational	ALT	−41.7%	−7.1%	−7.0%	−2.6%	−7.0%	47%	4h	—	0.008202	$4k	$12k	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
Hyperliquid	MEXCCEX	−0.2%	2.4%	15.7%	9.8%	12.3%	18.5%	3.0d	cooling	$483k	1h/4h	Hy Mx	calc
Hyperliquid	BitgetCEX	0.0%	2.8%	16.9%	11.3%	11.4%	17.1%	4.5d	cooling	$710k	1h/4h	Hy Bg	calc
Hyperliquid	BinanceCEX	−0.3%	0.9%	16.1%	9.9%	11.1%	16.7%	4.3d	cooling	$867k	1h/4h	Hy Bn	calc
Hyperliquid	GateCEX	0.0%	−0.1%	16.2%	8.8%	9.9%	14.9%	5.4d	cooling	$190k	1h/8h	Hy Gt	calc
Variational	MEXCCEX	52.4%	17.6%	16.8%	11.0%	15.7%	23.6%	0.9d	steady	$4k	low OIspread not incl.	Va Mx	calc
Variational	BitgetCEX	52.6%	18.1%	18.0%	12.5%	14.8%	22.2%	2.4d	steady	$4k	low OIspread not incl.	Va Bg	calc
Variational	BinanceCEX	52.4%	16.1%	17.1%	11.1%	14.5%	21.8%	2.1d	steady	$4k	low OIspread not incl.	Va Bn	calc
Variational	GateCEX	52.6%	15.1%	17.2%	9.9%	13.3%	20.0%	3.2d	steady	$4k	low OI4h/8hspread not incl.	Va Gt	calc
BybitCEX	MEXCCEX	25.7%	13.1%	8.0%	4.3%	4.1%	6.1%	6.9d	steady	$483k		By Mx	calc
BybitCEX	BitgetCEX	26.0%	13.5%	9.1%	5.8%	3.1%	4.7%	9.2d	steady	$710k		By Bg	calc
Variational	BybitCEX	26.7%	4.5%	8.8%	6.7%	5.9%	8.9%	4.6d	steady	$4k	low OIspread not incl.	Va By	calc
BybitCEX	BinanceCEX	25.7%	11.6%	8.3%	4.4%	2.8%	4.3%	9.2d	steady	$1.2M		By Bn	calc
Hyperliquid	BybitCEX	−26.0%	−10.7%	7.8%	5.5%	2.6%	3.8%	9.4d	cooling	$867k	1h/4h	Hy By	calc
BybitCEX	GateCEX	26.0%	10.6%	8.4%	3.3%	1.6%	2.4%	11d	steady	$190k	4h/8h	By Gt	calc
MEXCCEX	BitgetCEX	0.2%	0.5%	1.2%	1.5%	−3.0%	−4.5%	50d	weak	$483k		Mx Bg	calc
MEXCCEX	BinanceCEX	0.0%	−1.4%	0.3%	0.1%	−3.3%	−5.0%	148d	weak	$483k		Mx Bn	calc
BinanceCEX	MEXCCEX	0.0%	1.4%	−0.3%	−0.1%	−4.0%	−6.0%	—	weak	$483k		Bn Mx	calc
MEXCCEX	GateCEX	0.2%	−2.5%	0.4%	−1.1%	−4.5%	−6.8%	158d	weak	$190k	4h/8h	Mx Gt	calc
BinanceCEX	BitgetCEX	0.3%	1.9%	0.8%	1.4%	−4.9%	−7.4%	97d	weak	$710k		Bn Bg	calc
Variational	Hyperliquid	52.6%	15.2%	1.0%	1.2%	−1.3%	−2.0%	32d	spike	$4k	low OI4h/1hspread not incl.	Va Hy	calc
GateCEX	BitgetCEX	0.0%	2.9%	0.7%	2.5%	−6.3%	−9.5%	133d	weak	$190k	8h/4h	Gt Bg	calc
BinanceCEX	GateCEX	0.3%	−1.0%	0.1%	−1.1%	−6.4%	−9.6%	983d	weak	$190k	4h/8h	Bn Gt	calc
BybitCEX	Hyperliquid	26.0%	10.7%	−7.8%	−5.5%	−13.0%	−19.5%	—	mixed	$867k	4h/1h	By Hy	calc
MEXCCEX	Hyperliquid	0.2%	−2.4%	−15.7%	−9.8%	−19.1%	−28.7%	—	mixed	$483k	4h/1h	Mx Hy	calc
BinanceCEX	Hyperliquid	0.3%	−0.9%	−16.1%	−9.9%	−21.0%	−31.5%	—	mixed	$867k	4h/1h	Bn Hy	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 03:51 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 Hyperliquid at 0.008187, sell on Gate at 0.008208: 0.256% before fees, 0.016% after taker fees.

ALT: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Gate0.008208	Variational0.00820194	Bitget0.008197	Bybit0.00819	MEXC0.008188	Binance0.00818719	Hyperliquid0.008187
Hyperliquid0.008187	0.256%	0.182%	0.122%	0.037%	0.012%	0.002%	—
Binance0.00818719	0.254%	0.180%	0.120%	0.034%	0.010%	—	−0.002%
MEXC0.008188	0.244%	0.170%	0.110%	0.024%	—	−0.010%	−0.012%
Bybit0.00819	0.220%	0.146%	0.085%	—	−0.024%	−0.034%	−0.037%
Bitget0.008197	0.134%	0.060%	—	−0.085%	−0.110%	−0.120%	−0.122%
Variational0.00820194	0.074%	—	−0.060%	−0.146%	−0.170%	−0.180%	−0.182%
Gate0.008208	—	−0.074%	−0.134%	−0.220%	−0.244%	−0.254%	−0.256%

All quotes (7)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
BinanceCEX	0.00818719	0.00818719	mark	3m	$5.8M	no FX
BitgetCEX	0.008197	0.008197	mark	3m	$268k	no FX
BybitCEX	0.00819	0.00819	mark	3m	$2.2M	no FX
GateCEX	0.008208	0.008208	mark	3m	$183k	no FX
Hyperliquid	0.008187	0.008187	mark	3m	$262k
MEXCCEX	0.008188	0.008188	mark	3m	$248k	no FX
Variational	0.00820194	0.00820194	mark	3m	$12k

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

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