ARB funding rates

ARB perpetual funding across 15 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
17.1%long Lighter, short Aster · net 15.1%
Highest funding now
41.1%RISEx
Lowest funding now
−18.4%BybitCEX
Listed on
15 venues

Funding by venue

7d chartFlagsOpen
RISExARB/USDC41.1%42.6%4.9%13.9%−1.4%59%1h04:000.1938$155k$207kRxRISEx
HyperliquidARB10.9%10.2%1.4%10.8%−0.1%66%1h—0.1939$19.5M$13.9MHyHyperliquid
AsterARBUSDT10.9%10.9%10.9%10.9%10.9%100%8h08:000.1938$495k$173kAsAster
GRVTARB_USDT_Perp10.9%9.7%7.6%7.8%7.2%99%8h08:000.1939$413k$3.5MGrGRVT
BitgetCEXARBUSDT10.9%10.9%4.1%7.0%2.9%67%8h08:000.1941$17.8M$13.5MBgBitget
MEXCCEXARB_USDT10.9%8.6%−3.6%−2.6%−5.7%33%8h08:000.1939$32.8M$48.4MMxMEXC
NadoARB-PERP_USDT010.9%0.9%0.1%0.0%0.0%1%1h04:000.194$0$0NaNado
RWA PerpPERP_ARB_USDC6.0%5.5%3.7%0.1%3.4%86%8h08:000.1938$24k$72kRwRWA Perp
VariationalARB2.2%0.9%0.1%2.5%0.0%51%8h—0.1935$596k$1.9MVaVariational
LighterARB0.9%2.1%−6.2%5.7%−7.6%48%1h04:000.195$739k$2.3MLiLighter
ExtendedARB-USD−1.8%−2.7%−5.5%−0.3%−6.0%23%1h04:000.1936$288k$979kExExtended
BinanceCEXARBUSDT−1.9%−3.2%−6.0%−1.4%−6.5%24%8h08:000.194$53.3M$114.0MBnBinance
GateCEXARB_USDT−5.7%3.7%−1.5%1.0%−2.3%52%8h08:000.194$37.5M$7.3MGtGate
PolymarketARB-USD−17.4%−31.0%−30.4%−14.2%−30.3%23%1h04:000.1938$94k$3.7MPmPolymarket
BybitCEXARBUSDT−18.4%−1.6%−1.5%2.2%−1.4%44%8h08:000.1939$30.7M$52.8MByBybit

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
PolymarketAster28.3%42.0%41.4%25.1%37.2%55.8%1.4dsteady$94k1h/8hinvite onlyPmAscalc
PolymarketGRVT28.3%40.7%38.0%22.0%33.6%50.3%1.6dsteady$94k1h/8hinvite onlyPmGrcalc
PolymarketRISEx58.5%73.7%35.3%28.2%31.7%47.5%1.4dsteady$94kinvite onlyPmRxcalc
PolymarketBitgetCEX28.3%42.0%34.5%21.1%29.3%43.9%2.1dsteady$94k1h/8hinvite onlyPmBgcalc
PolymarketVariational19.6%31.9%30.6%16.7%28.5%42.7%1.0dsteady$94k1h/8hinvite onlyspread not incl.PmVacalc
PolymarketHyperliquid28.3%41.2%31.8%24.9%27.4%41.0%2.0dsteady$94kinvite onlyPmHycalc
PolymarketBybitCEX−1.0%29.4%29.0%16.4%24.0%36.0%2.4dcooling$94k1h/8hinvite onlyPmBycalc
PolymarketMEXCCEX28.3%39.6%26.8%11.6%23.6%35.5%1.6dsteady$94k1h/8hinvite onlyPmMxcalc
PolymarketGateCEX11.7%34.7%28.9%15.2%22.9%34.4%2.9dsteady$94k1h/8hinvite onlyPmGtcalc
PolymarketLighter18.3%33.1%24.2%19.9%22.1%33.2%1.2dsteady$94kinvite onlyPmLicalc
PolymarketExtended15.6%28.3%24.9%13.9%21.5%32.2%1.9dsteady$94kinvite onlyPmExcalc
PolymarketBinanceCEX15.5%27.8%24.4%10.1%19.7%29.6%2.7dsteady$94k1h/8hinvite onlyPmBncalc
LighterAster10.1%8.9%17.1%5.2%15.1%22.6%1.7dsteady$495k1h/8hLiAscalc
PolymarketNado28.3%32.0%30.6%14.2%26.6%40.0%1.8dsteady$0low OIinvite onlyPmNacalc
ExtendedAster12.7%13.7%16.5%11.2%13.1%19.6%2.9dsteady$288k1h/8hExAscalc
BinanceCEXAster12.8%14.1%17.0%12.2%12.3%18.4%3.9dsteady$495kBnAscalc
MEXCCEXAster0.0%2.4%14.6%13.5%11.5%17.2%3.0dcooling$495kMxAscalc
LighterGRVT10.1%7.6%13.8%2.1%11.4%17.1%2.4dsteady$413k1h/8hLiGrcalc
ExtendedGRVT12.7%12.4%13.1%8.1%9.5%14.2%3.9dsteady$288k1h/8hExGrcalc
VariationalAster8.8%10.0%10.8%8.4%8.7%13.1%2.7dsteady$495kspread not incl.VaAscalc
BinanceCEXGRVT12.8%12.9%13.6%8.9%8.6%12.9%5.1dsteady$413kBnGrcalc
MEXCCEXGRVT0.0%1.1%11.2%10.4%7.8%11.7%4.2dcooling$413kMxGrcalc
BybitCEXAster29.3%12.6%12.4%8.7%7.5%11.2%5.6dsteady$495kByAscalc
LighterBitgetCEX10.1%8.9%10.3%1.2%7.1%10.7%4.3dsteady$739k1h/8hLiBgcalc
GateCEXAster16.6%7.3%12.4%9.9%6.4%9.6%6.8dsteady$495kGtAscalc
LighterVariational1.3%−1.2%6.3%−3.2%6.3%9.5%<0.1dcooling$596k1h/8hspread not incl.LiVacalc
LighterHyperliquid10.1%8.1%7.6%5.0%5.2%7.8%4.4dsteady$739kLiHycalc
ExtendedBitgetCEX12.7%13.7%9.6%7.2%5.2%7.8%6.4dsteady$288k1h/8hExBgcalc
HyperliquidAster0.0%0.8%9.6%0.1%5.2%7.7%6.5dcooling$495k1h/8hHyAscalc
VariationalGRVT8.8%8.8%7.4%5.3%5.1%7.6%4.4dsteady$413kspread not incl.VaGrcalc
LighterRISEx40.2%40.6%11.1%8.7%9.5%14.3%2.0dspike ×6.6$155kLiRxcalc
ExtendedVariational3.9%3.6%5.7%2.7%4.4%6.6%3.2dsteady$288k1h/8hspread not incl.ExVacalc
BinanceCEXBitgetCEX12.8%14.1%10.1%8.5%4.4%6.5%8.0dsteady$17.8MBnBgcalc
BybitCEXGRVT29.3%11.3%9.0%5.6%3.8%5.7%8.1dsteady$413kByGrcalc
ExtendedRISEx42.8%45.3%10.4%14.4%7.5%11.3%3.9dspike ×9.9$155kExRxcalc
MEXCCEXBitgetCEX0.0%2.4%7.7%9.5%3.6%5.3%7.5dcooling$17.8MMxBgcalc
BinanceCEXVariational4.1%4.1%6.1%3.8%3.5%5.3%5.9dsteady$596kspread not incl.BnVacalc
NadoAster0.0%10.0%10.8%10.9%6.9%10.4%5.1dcooling$0low OI1h/8hNaAscalc
BinanceCEXRISEx43.0%45.8%10.9%15.4%6.7%10.1%5.4dspike ×9.0$155k8h/1hBnRxcalc
ExtendedHyperliquid12.7%12.9%6.9%11.0%3.2%4.9%7.4dsteady$288kExHycalc
MEXCCEXRISEx30.1%34.0%8.5%16.6%5.9%8.9%4.3dspike ×8.0$155k8h/1hMxRxcalc
GateCEXGRVT16.6%6.0%9.0%6.8%2.8%4.2%9.7dsteady$413kGtGrcalc
MEXCCEXVariational−8.8%−7.7%3.8%5.1%2.7%4.1%3.9dcooling$596kspread not incl.MxVacalc
RISExAster−30.1%−31.7%6.1%−2.9%2.4%3.6%8.4dcooling$155k1h/8hRxAscalc
BinanceCEXHyperliquid12.8%13.4%7.4%11.8%2.4%3.6%9.4dsteady$19.5M8h/1hBnHycalc
LighterBybitCEX−19.3%−3.7%4.7%−3.5%1.9%2.8%8.5dcooling$739k1h/8hLiBycalc
BitgetCEXAster0.0%0.0%6.9%3.9%1.6%2.5%11dcooling$495kBgAscalc
NadoGRVT0.0%8.8%7.4%7.8%3.3%4.9%7.9dcooling$0low OI1h/8hNaGrcalc
MEXCCEXHyperliquid0.0%1.6%5.0%13.3%1.6%2.4%9.5dcooling$19.5M8h/1hMxHycalc
VariationalRISEx38.9%41.7%4.7%11.0%3.2%4.8%4.6dspike$155k8h/1hspread not incl.VaRxcalc
HyperliquidGRVT0.0%−0.5%6.2%−2.9%1.5%2.3%11dcooling$413k1h/8hHyGrcalc
ExtendedNado12.7%3.6%5.7%0.3%2.5%3.8%7.7dsteady$0low OIExNacalc
LighterNado10.1%−1.1%6.3%−5.7%4.5%6.7%4.0dmixed$0low OILiNacalc
BybitCEXRISEx59.5%44.2%6.3%11.2%1.9%2.9%9.8dspike ×1686.0$155k8h/1hByRxcalc
BinanceCEXNado12.8%4.1%6.1%1.4%1.7%2.6%10dsteady$0low OI8h/1hBnNacalc
VariationalBitgetCEX8.8%10.0%3.9%4.5%0.8%1.2%11dweak$596kspread not incl.VaBgcalc
LighterMEXCCEX10.1%6.5%2.5%−8.3%1.5%2.2%5.8dmixed$739k1h/8hLiMxcalc
MEXCCEXNado0.0%−7.7%3.8%2.6%0.9%1.4%11dcooling$0low OI8h/1hMxNacalc
LighterGateCEX−6.6%1.6%4.7%−4.7%0.8%1.2%12dmixed$739k1h/8hLiGtcalc
GateCEXRISEx46.8%38.9%6.4%12.3%0.9%1.3%12dspike ×41.7$155k8h/1hGtRxcalc
NadoRISEx30.1%41.7%4.8%13.8%1.4%2.0%10.0dspike$0low OINaRxcalc
ExtendedBybitCEX−16.6%1.1%4.1%2.5%−0.1%−0.1%14dweak$288k1h/8hExBycalc
BybitCEXBitgetCEX29.3%12.6%5.5%4.7%−0.4%−0.7%15dweak$17.8MByBgcalc
ExtendedMEXCCEX12.7%11.3%1.9%−2.3%−0.5%−0.7%17dweak$288k1h/8hExMxcalc
BinanceCEXBybitCEX−16.5%1.6%4.5%3.6%−0.9%−1.4%17dcooling$30.7MBnBycalc
GRVTAster0.0%1.3%3.4%3.1%−1.0%−1.6%18dweak$413kGrAscalc
ExtendedGateCEX−3.9%6.4%4.1%1.3%−1.2%−1.7%18dweak$288k1h/8hExGtcalc
BybitCEXVariational20.6%2.5%1.6%0.3%−1.3%−1.9%25dweak$596kspread not incl.ByVacalc
BinanceCEXMEXCCEX12.8%11.8%2.4%−1.2%−1.3%−1.9%22dweak$32.8MBnMxcalc
LighterExtended−2.6%−4.8%0.7%−6.0%−0.7%−1.0%28dmixed$288kLiExcalc
GateCEXBitgetCEX16.6%7.3%5.6%5.9%−1.5%−2.2%18dsteady$17.8MGtBgcalc
HyperliquidRISEx30.1%32.5%3.5%2.9%−0.4%−0.6%16dspike$155kHyRxcalc
MEXCCEXBybitCEX−29.3%−10.2%2.2%4.8%−1.7%−2.6%25dweak$30.7MMxBycalc
BinanceCEXGateCEX−3.8%6.9%4.5%2.4%−2.0%−3.0%20dweak$37.5MBnGtcalc
NadoBitgetCEX0.0%10.0%4.0%6.9%−1.0%−1.5%18dweak$0low OI1h/8hNaBgcalc
VariationalHyperliquid8.8%9.3%1.2%8.3%−1.1%−1.7%27dmixed$596k8h/1hspread not incl.VaHycalc
BybitCEXHyperliquid29.3%11.8%2.8%8.5%−2.4%−3.6%26dweak$19.5M8h/1hByHycalc
RISExGRVT−30.1%−33.0%2.7%−6.7%−1.2%−1.8%20dmixed$155k1h/8hRxGrcalc
HyperliquidBitgetCEX0.0%0.8%2.7%−3.8%−2.8%−4.1%28dweak$17.8M1h/8hHyBgcalc
GateCEXHyperliquid16.6%6.5%2.8%9.8%−3.4%−5.1%31dweak$19.5M8h/1hGtHycalc
ExtendedLighter2.6%4.8%−0.7%6.0%−2.0%−2.9%—mixed$288kExLicalc
BitgetCEXGRVT0.0%−1.3%3.5%0.9%−2.0%−3.0%22dmixed$413kBgGrcalc
GateCEXVariational7.9%−2.8%1.6%1.5%−2.3%−3.4%34dmixed$596kspread not incl.GtVacalc
LighterBinanceCEX−2.8%−5.3%0.2%−6.6%−2.4%−3.6%202dmixed$739k1h/8hLiBncalc
MEXCCEXGateCEX−16.6%−4.9%2.2%3.6%−2.8%−4.2%32dmixed$32.8MMxGtcalc
BinanceCEXLighter2.8%5.3%−0.2%6.6%−2.8%−4.2%—mixed$739k8h/1hBnLicalc
NadoHyperliquid0.0%9.3%1.2%10.7%−2.9%−4.4%47dweak$0low OINaHycalc
BinanceCEXExtended0.1%0.5%0.5%0.5%−3.4%−5.2%116dmixed$288k8h/1hBnExcalc
NadoVariational−8.8%0.0%0.0%2.5%−1.8%−2.7%>999dmixed$0low OI1h/8hspread not incl.NaVacalc
VariationalNado8.8%0.0%0.0%−2.5%−1.8%−2.8%—mixed$0low OI8h/1hspread not incl.VaNacalc
VariationalMEXCCEX8.8%7.7%−3.8%−5.1%−4.8%−7.2%—mixed$596kspread not incl.VaMxcalc
BybitCEXMEXCCEX29.3%10.2%−2.2%−4.8%−6.1%−9.1%—mixed$30.7MByMxcalc
BybitCEXNado29.3%2.5%1.6%−2.2%−3.1%−4.7%41dmixed$0low OI8h/1hByNacalc
GateCEXBybitCEX−12.7%−5.3%0.0%1.2%−6.8%−10.1%>999dmixed$30.7MGtBycalc
BybitCEXGateCEX12.7%5.3%0.0%−1.2%−6.8%−10.2%—mixed$30.7MByGtcalc
GateCEXMEXCCEX16.6%4.9%−2.2%−3.6%−7.1%−10.7%—mixed$32.8MGtMxcalc
BybitCEXLighter19.3%3.7%−4.7%3.5%−7.6%−11.4%—mixed$739k8h/1hByLicalc
BitgetCEXRISEx30.1%31.7%0.8%6.2%−3.9%−5.8%83dspike$155k8h/1hBgRxcalc
BybitCEXExtended16.6%−1.1%−4.1%−2.5%−8.2%−12.4%—mixed$288k8h/1hByExcalc
GateCEXNado16.6%−2.8%1.6%−1.0%−4.1%−6.2%50dmixed$0low OI8h/1hGtNacalc
GateCEXLighter6.6%−1.6%−4.7%4.7%−8.6%−12.9%—mixed$739k8h/1hGtLicalc
GateCEXExtended3.9%−6.4%−4.1%−1.3%−9.3%−13.9%—mixed$288k8h/1hGtExcalc
BybitCEXBinanceCEX16.5%−1.6%−4.5%−3.6%−10.0%−15.0%—mixed$30.7MByBncalc
GateCEXBinanceCEX3.8%−6.9%−4.5%−2.4%−11.0%−16.6%—mixed$37.5MGtBncalc
GRVTRISEx30.1%33.0%−2.7%6.7%−6.6%−9.9%—spike$155k8h/1hGrRxcalc
AsterRISEx30.1%31.7%−6.1%2.9%−9.7%−14.6%—spike$155k8h/1hAsRxcalc
BybitCEXPolymarket1.0%−29.4%−29.0%−16.4%−33.9%−50.9%—mixed$94k8h/1hinvite onlyByPmcalc
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.

ARB: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →MEXC0.19394
MEXC0.19394—
All quotes (15)
VenueBidAskQualityAgeVol 24hFlags
MEXCCEX0.193940.19394mark6m$48.4Mno FX
Aster0.193830.19383mark10m$173kstaleno FX
BinanceCEX0.194010.19401mark10m$114.0Mstaleno FX
BitgetCEX0.194060.19406mark10m$13.5Mstaleno FX
BybitCEX0.193940.19394mark10m$52.8Mstaleno FX
Extended0.1936410.193641mark10m$979kstale
GateCEX0.194020.19402mark10m$7.3Mstaleno FX
GRVT0.193860.19386mark10m$3.5Mstaleno FX
Hyperliquid0.193910.19391mark10m$13.9Mstale
Lighter0.1950050.195005mark10m$2.3Mstale
Nado0.1940080.194008mark10m$0staleno FX
Polymarket0.193820.19382mark10m$3.7Mstale
RISEx0.1938450.193845mark10m$207kstale
RWA Perp0.19380.1938mark10m$72kstale
Variational0.1934810.193481mark10m$1.9Mstale

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

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