AXL funding rates

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

Data as of 2026-10-12 03:56 UTC · refreshed every 5 min

Best pair · 7d: 15.0%long Aster, short Variational · net 12.9%
Highest funding now: 10.9%BinanceCEX
Lowest funding now: −62.5%Aster
Listed on: 6 venues

Funding by venue

													Open
BinanceCEX	AXLUSDT	10.9%	10.9%	10.9%	−6.9%	10.9%	100%	4h	04:00	0.05822	$2.3M	$4.9M	BnBinance
BitgetCEX	AXLUSDT	10.9%	10.9%	10.9%	4.4%	10.9%	100%	4h	04:00	0.05827	$637k	$723k	BgBitget
MEXCCEX	AXL_USDT	10.9%	10.9%	10.9%	−2.9%	10.9%	100%	4h	04:00	0.05827	$357k	$296k	MxMEXC
Variational	AXL	10.9%	10.9%	10.9%	5.6%	10.9%	100%	4h	—	0.05862	$12k	$28k	VaVariational
BybitCEX	AXLUSDT	−23.0%	−22.8%	0.7%	−3.4%	4.6%	76%	4h	04:00	0.05834	$1.9M	$1.3M	ByBybit
Aster	AXLUSDT	−62.5%	−31.6%	−4.1%	−7.4%	0.5%	64%	4h	04:00	0.05865	$31k	$2k	AsAster

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
Aster	Variational	73.5%	42.5%	15.0%	13.0%	12.9%	19.4%	1.9d	spike ×4.1	$12k	low OIspread not incl.	As Va	calc
BybitCEX	MEXCCEX	33.9%	33.8%	10.3%	0.5%	6.4%	9.5%	5.3d	spike ×5.3	$357k		By Mx	calc
Aster	MEXCCEX	73.5%	42.5%	15.0%	4.5%	11.9%	17.8%	2.9d	spike ×4.1	$31k	low OI	As Mx	calc
Aster	BinanceCEX	73.5%	42.5%	15.0%	6.0%	10.3%	15.5%	4.4d	spike ×4.1	$31k	low OI	As Bn	calc
Aster	BitgetCEX	73.5%	42.5%	15.0%	11.7%	9.8%	14.7%	4.9d	spike ×4.1	$31k	low OI	As Bg	calc
BybitCEX	BinanceCEX	33.9%	33.8%	10.3%	−0.9%	4.8%	7.2%	7.5d	spike ×5.3	$1.9M		By Bn	calc
BybitCEX	BitgetCEX	33.9%	33.8%	10.3%	7.7%	4.3%	6.4%	8.2d	spike ×5.3	$637k		By Bg	calc
BybitCEX	Variational	33.9%	33.8%	10.3%	9.0%	7.4%	11.1%	3.9d	spike ×5.3	$12k	low OIspread not incl.	By Va	calc
Aster	BybitCEX	39.5%	8.7%	4.7%	4.0%	−0.2%	−0.3%	15d	weak	$31k	low OI	As By	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 03:56 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 Binance at 0.0582238, sell on Aster at 0.0586498: 0.729% before fees, 0.549% after taker fees.

AXL: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Aster0.0586498	Variational0.0586152	Bybit0.05834	Bitget0.05827	MEXC0.05827	Binance0.0582238
Binance0.0582238	0.729%	0.670%	0.199%	0.079%	0.079%	—
Bitget0.05827	0.650%	0.591%	0.120%	—	0.000%	−0.079%
MEXC0.05827	0.650%	0.591%	0.120%	0.000%	—	−0.079%
Bybit0.05834	0.530%	0.471%	—	−0.120%	−0.120%	−0.199%
Variational0.0586152	0.059%	—	−0.471%	−0.591%	−0.591%	−0.670%
Aster0.0586498	—	−0.059%	−0.530%	−0.650%	−0.650%	−0.729%

All quotes (6)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	0.0586498	0.0586498	mark	3m	$2k	no FX
BinanceCEX	0.0582238	0.0582238	mark	2m	$4.9M	no FX
BitgetCEX	0.05827	0.05827	mark	2m	$723k	no FX
BybitCEX	0.05834	0.05834	mark	2m	$1.3M	no FX
MEXCCEX	0.05827	0.05827	mark	3m	$296k	no FX
Variational	0.0586152	0.0586152	mark	3m	$28k

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

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