AR funding rates

AR perpetual funding across 9 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
5.5%long Variational, short Aster · net 3.4%
Highest funding now
11.4%Extended
Lowest funding now
10.9%Hyperliquid
Listed on
9 venues

Funding by venue

7d chartFlagsOpen
ExtendedAR-USD11.4%10.1%7.2%8.6%6.7%89%1h04:004.28$40k$114kExExtended
HyperliquidAR10.9%10.9%10.9%19.3%10.9%100%1h—4.29$2.4M$390kHyHyperliquid
AsterARUSDT10.9%10.9%10.9%10.2%10.9%100%8h08:004.28$17k$18kAsAster
BinanceCEXARUSDT10.9%9.8%6.8%7.7%6.3%90%8h08:004.29$8.2M$10.2MBnBinance
BybitCEXARUSDT10.9%10.9%10.5%7.7%10.4%100%8h08:004.30$2.9M$1.1MByBybit
BitgetCEXARUSDT10.9%10.9%7.4%9.8%6.8%84%8h08:004.29$3.2M$796kBgBitget
GateCEXAR_USDT10.9%10.5%10.9%9.6%10.9%100%8h08:004.29$2.6M$295kGtGate
MEXCCEXAR_USDT10.9%10.4%6.6%8.0%6.0%90%8h08:004.28$4.4M$1.0MMxMEXC
VariationalAR10.9%10.9%5.4%1.1%4.5%79%8h—4.27$68k$9kVaVariational

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.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
VariationalHyperliquid0.0%0.0%5.5%18.2%3.1%4.7%6.0dcooling$68k8h/1hspread not incl.VaHycalc
VariationalBybitCEX0.0%0.0%5.1%6.6%2.2%3.3%7.9dcooling$68kspread not incl.VaBycalc
VariationalAster0.0%0.0%5.5%9.1%3.4%5.2%5.3dcooling$17klow OIspread not incl.VaAscalc
VariationalGateCEX0.0%−0.5%5.5%8.5%1.5%2.3%10dcooling$68kspread not incl.VaGtcalc
MEXCCEXHyperliquid0.0%0.5%4.3%11.3%0.9%1.3%11dweak$2.4M8h/1hMxHycalc
MEXCCEXAster0.0%0.5%4.3%2.2%1.2%1.8%10dweak$17klow OIMxAscalc
VariationalExtended0.4%−0.9%1.7%7.5%0.4%0.7%10dweak$40klow OI8h/1hspread not incl.VaExcalc
ExtendedAster−0.4%0.9%3.8%1.6%0.4%0.6%13dweak$17klow OI1h/8hExAscalc
VariationalMEXCCEX0.0%−0.5%1.2%6.9%0.2%0.2%12dmixed$68kspread not incl.VaMxcalc
ExtendedHyperliquid−0.4%0.9%3.7%10.7%0.1%0.1%14dweak$40klow OIExHycalc
MEXCCEXBybitCEX0.0%0.5%3.9%−0.3%0.0%−0.1%14dweak$2.9MMxBycalc
MEXCCEXGateCEX0.0%0.1%4.3%1.6%−0.7%−1.0%16dweak$2.6MMxGtcalc
BinanceCEXHyperliquid0.0%1.2%4.1%10.7%−0.8%−1.3%17dweak$2.4M8h/1hBnHycalc
BinanceCEXAster0.0%1.2%4.2%3.0%−0.5%−0.8%16dweak$17klow OIBnAscalc
VariationalBitgetCEX0.0%0.0%2.0%8.7%−1.2%−1.8%22dweak$68kspread not incl.VaBgcalc
BinanceCEXBybitCEX0.0%1.1%3.7%1.9%−1.8%−2.6%21dweak$2.9MBnBycalc
BitgetCEXHyperliquid0.0%0.0%3.5%9.5%−2.0%−2.9%22dweak$2.4M8h/1hBgHycalc
BinanceCEXGateCEX0.0%0.7%4.1%3.2%−2.4%−3.6%22dweak$2.6MBnGtcalc
VariationalBinanceCEX0.0%−1.2%1.4%5.6%−1.2%−1.9%27dmixed$68kspread not incl.VaBncalc
BitgetCEXBybitCEX0.0%−0.1%3.1%−2.1%−2.9%−4.3%27dweak$2.9MBgBycalc
ExtendedGateCEX−0.4%0.4%3.7%1.1%−1.5%−2.2%20dweak$40klow OI1h/8hExGtcalc
BitgetCEXAster0.0%0.0%3.6%0.4%−1.6%−2.4%20dweak$17klow OIBgAscalc
ExtendedBybitCEX−0.4%0.8%3.3%−0.9%−0.8%−1.3%18dmixed$40klow OI1h/8hExBycalc
MEXCCEXBitgetCEX0.0%0.5%0.7%1.7%−3.4%−5.1%78dweak$3.2MMxBgcalc
MEXCCEXBinanceCEX0.0%−0.6%0.2%0.0%−3.5%−5.2%327dweak$4.4MMxBncalc
BitgetCEXGateCEX0.0%−0.5%3.5%−0.1%−3.5%−5.3%28dweak$2.6MBgGtcalc
MEXCCEXExtended0.4%−0.3%0.5%0.5%−1.8%−2.7%61dweak$40klow OI8h/1hMxExcalc
BybitCEXHyperliquid0.0%0.1%0.4%11.6%−4.8%−7.2%183dweak$2.4M8h/1hByHycalc
BinanceCEXBitgetCEX0.0%1.2%0.6%1.4%−5.1%−7.7%135dweak$3.2MBnBgcalc
GateCEXHyperliquid0.0%0.5%0.0%9.7%−6.2%−9.4%>999dweak$2.4M8h/1hGtHycalc
BybitCEXGateCEX0.0%−0.4%0.4%1.9%−6.4%−9.6%244dweak$2.6MByGtcalc
BinanceCEXExtended0.4%0.3%0.4%0.5%−3.5%−5.3%143dweak$40klow OI8h/1hBnExcalc
HyperliquidAster0.0%0.0%0.1%−9.1%−4.4%−6.6%982dweak$17klow OI1h/8hHyAscalc
BybitCEXAster0.0%0.1%0.5%2.5%−4.5%−6.7%150dweak$17klow OIByAscalc
GateCEXAster0.0%0.5%0.1%0.6%−5.9%−8.9%>999dweak$17klow OIGtAscalc
ExtendedBitgetCEX−0.4%0.9%0.2%1.2%−4.2%−6.3%296dmixed$40klow OI1h/8hExBgcalc
BitgetCEXExtended0.4%−0.9%−0.2%−1.2%−4.6%−7.0%—mixed$40klow OI8h/1hBgExcalc
AsterExtended0.4%−0.9%−3.8%−1.6%−7.2%−10.8%—mixed$17klow OI8h/1hAsExcalc
HyperliquidExtended0.4%−0.9%−3.7%−10.7%−7.4%−11.1%—mixed$40klow OIHyExcalc
BybitCEXExtended0.4%−0.8%−3.3%0.9%−7.5%−11.3%—mixed$40klow OI8h/1hByExcalc
GateCEXExtended0.4%−0.4%−3.7%−1.1%−8.9%−13.4%—mixed$40klow OI8h/1hGtExcalc
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.

AR: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →MEXC4.278
MEXC4.278—
All quotes (9)
VenueBidAskQualityAgeVol 24hFlags
MEXCCEX4.2784.278mark8m$1.0Mno FX
Aster4.283374.28337mark13m$18kstaleno FX
BinanceCEX4.293934.29393mark12m$10.2Mstaleno FX
BitgetCEX4.2914.291mark12m$796kstaleno FX
BybitCEX4.29584.2958mark12m$1.1Mstaleno FX
Extended4.276884.27688mark13m$114kstale
GateCEX4.2934.293mark12m$295kstaleno FX
Hyperliquid4.2854.285mark13m$390kstale
Variational4.2674.267mark13m$9kstale

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

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