AXS funding rates

AXS perpetual funding across 12 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
13.9%long GRVT, short Hyperliquid · net 9.2%
Highest funding now
11.4%Extended
Lowest funding now
10.5%Lighter
Listed on
12 venues

Funding by venue

7d chartFlagsOpen
ExtendedAXS-USD11.4%11.4%9.0%4.8%8.6%90%1h05:001.25$11k$103kExExtended
HyperliquidAXS10.9%10.9%10.9%8.3%10.9%100%1h—1.25$709k$171kHyHyperliquid
AsterAXSUSDT10.9%10.9%10.8%4.7%10.8%100%4h08:001.25$176k$44kAsAster
GRVTAXS_USDT_Perp10.9%8.4%−3.0%1.2%−4.9%36%4h08:001.25$903k$828kGrGRVT
BinanceCEXAXSUSDT10.9%10.9%9.0%3.4%8.7%93%4h08:001.25$7.7M$10.0MBnBinance
BybitCEXAXSUSDT10.9%10.9%4.9%3.2%3.8%84%8h08:001.25$3.7M$1.9MByBybit
BitgetCEXAXSUSDT10.9%10.9%10.8%9.5%10.8%100%4h08:001.25$3.7M$828kBgBitget
GateCEXAXS_USDT10.9%10.9%10.8%10.3%10.8%100%8h08:001.25$1.5M$360kGtGate
MEXCCEXAXS_USDT10.9%10.9%9.0%5.2%8.6%93%4h08:001.25$9.3M$1.2MMxMEXC
VariationalAXS10.9%10.9%4.4%2.8%3.3%81%8h—1.25$28k$3kVaVariational
NadoAXS-PERP_USDT010.9%1.4%0.2%0.0%0.0%2%1h05:001.25$0$0NaNado
LighterAXS10.5%10.5%10.5%12.4%10.5%100%1h05:001.26$11k$3kLiLighter

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
GRVTAster0.0%2.6%13.8%3.5%9.4%14.0%4.5dcooling$176kGrAscalc
GRVTHyperliquid0.0%2.6%13.9%7.2%9.2%13.8%4.7dcooling$709k4h/1hGrHycalc
GRVTMEXCCEX0.0%2.6%11.9%4.0%8.6%12.8%4.0dcooling$903kGrMxcalc
GRVTBitgetCEX0.0%2.6%13.8%8.4%8.3%12.5%5.5dcooling$903kGrBgcalc
GRVTGateCEX0.0%2.6%13.8%9.2%7.5%11.3%6.4dcooling$903k4h/8hGrGtcalc
GRVTBinanceCEX0.0%2.6%12.0%5.7%7.0%10.5%5.8dcooling$903kGrBncalc
GRVTLighter−0.4%2.1%13.5%11.3%11.1%16.7%2.4dcooling$11klow OI4h/1hGrLicalc
NadoLighter−0.4%9.1%10.3%12.4%8.5%12.7%2.5dcooling$0low OINaLicalc
GRVTExtended0.4%3.0%12.0%3.7%8.4%12.5%4.3dsteady$11klow OI4h/1hGrExcalc
NadoAster0.0%9.6%10.6%4.6%6.7%10.0%5.2dcooling$0low OI1h/4hNaAscalc
NadoHyperliquid0.0%9.6%10.7%8.3%6.6%9.8%5.4dcooling$0low OINaHycalc
NadoMEXCCEX0.0%9.6%8.8%5.1%5.9%8.8%4.6dcooling$0low OI1h/4hNaMxcalc
NadoExtended0.4%10.0%8.8%4.8%5.7%8.6%5.0dsteady$0low OINaExcalc
NadoBitgetCEX0.0%9.6%10.6%9.5%5.7%8.5%6.5dcooling$0low OI1h/4hNaBgcalc
GRVTBybitCEX0.0%2.5%7.8%2.0%2.6%3.9%9.3dcooling$903k4h/8hGrBycalc
GRVTVariational0.0%2.6%7.3%1.7%5.0%7.5%4.5dcooling$28klow OI4h/8hspread not incl.GrVacalc
NadoGateCEX0.0%9.6%10.6%10.3%4.9%7.3%7.6dcooling$0low OI1h/8hNaGtcalc
NadoBinanceCEX0.0%9.6%8.8%3.4%4.4%6.5%7.1dcooling$0low OI1h/4hNaBncalc
VariationalAster0.0%0.0%6.4%1.9%4.4%6.5%4.5dcooling$28klow OI8h/4hspread not incl.VaAscalc
VariationalHyperliquid0.0%0.0%6.6%5.5%4.2%6.3%5.0dcooling$28klow OI8h/1hspread not incl.VaHycalc
VariationalMEXCCEX0.0%0.0%4.6%2.3%3.6%5.3%3.2dcooling$28klow OI8h/4hspread not incl.VaMxcalc
VariationalExtended0.4%0.4%4.7%2.0%3.4%5.1%3.9dsteady$11klow OI8h/1hspread not incl.VaExcalc
VariationalBitgetCEX0.0%0.0%6.5%6.7%3.4%5.0%6.8dcooling$28klow OI8h/4hspread not incl.VaBgcalc
VariationalLighter−0.4%−0.4%6.2%9.6%6.2%9.2%<0.1dmixed$11klow OI8h/1hspread not incl.VaLicalc
VariationalGateCEX0.0%0.0%6.4%7.5%2.5%3.8%8.5dcooling$28klow OIspread not incl.VaGtcalc
NadoVariational0.0%9.6%4.2%2.8%2.3%3.5%6.1dweak$0low OI1h/8hspread not incl.NaVacalc
VariationalBinanceCEX0.0%0.0%4.6%2.7%2.0%3.0%7.9dcooling$28klow OI8h/4hspread not incl.VaBncalc
BybitCEXAster0.0%0.1%6.0%1.5%1.0%1.5%12dcooling$176k8h/4hByAscalc
BybitCEXHyperliquid0.0%0.1%6.1%5.1%0.9%1.3%12dcooling$709k8h/1hByHycalc
BybitCEXLighter−0.4%−0.3%5.7%9.3%2.8%4.2%7.1dmixed$11klow OI8h/1hByLicalc
BybitCEXMEXCCEX0.0%0.1%4.1%2.0%0.2%0.3%13dweak$3.7M8h/4hByMxcalc
MEXCCEXLighter−0.4%−0.4%1.6%7.3%0.5%0.8%9.4dmixed$11klow OI4h/1hMxLicalc
ExtendedLighter−0.9%−0.9%1.5%7.6%0.2%0.3%12dmixed$11klow OIExLicalc
BybitCEXExtended0.4%0.5%4.2%1.6%0.0%0.0%14dweak$11klow OI8h/1hByExcalc
BybitCEXBitgetCEX0.0%0.1%6.0%6.3%0.0%0.0%14dcooling$3.7M8h/4hByBgcalc
NadoBybitCEX0.0%9.5%4.7%3.1%0.0%−0.1%14dweak$0low OI1h/8hNaBycalc
BybitCEXGateCEX0.0%0.1%5.9%7.1%−0.8%−1.3%16dcooling$1.5MByGtcalc
MEXCCEXAster0.0%0.0%1.8%−0.5%−1.3%−1.9%24dweak$176kMxAscalc
BybitCEXBinanceCEX0.0%0.1%4.1%2.0%−1.3%−2.0%19dweak$3.7M8h/4hByBncalc
MEXCCEXHyperliquid0.0%0.0%2.0%3.2%−1.4%−2.1%24dweak$709k4h/1hMxHycalc
GRVTNado0.0%−7.0%3.2%−1.1%−1.0%−1.5%18dweak$0low OI4h/1hGrNacalc
MEXCCEXBitgetCEX0.0%0.0%1.9%4.4%−2.3%−3.4%31dweak$3.7MMxBgcalc
BinanceCEXAster0.0%0.0%1.8%3.8%−2.9%−4.3%36dweak$176kBnAscalc
BinanceCEXHyperliquid0.0%0.0%1.9%4.2%−3.0%−4.5%36dweak$709k4h/1hBnHycalc
MEXCCEXGateCEX0.0%0.0%1.8%5.2%−3.1%−4.7%38dweak$1.5M4h/8hMxGtcalc
LighterAster0.4%0.4%0.3%−7.8%−1.8%−2.7%101dweak$11klow OI1h/4hLiAscalc
MEXCCEXBinanceCEX0.0%0.0%0.0%0.1%−3.6%−5.4%>999dweak$7.7MMxBncalc
LighterHyperliquid0.4%0.4%0.4%−4.1%−1.9%−2.9%78dweak$11klow OILiHycalc
BinanceCEXBitgetCEX0.0%0.0%1.8%5.6%−3.9%−5.8%43dweak$3.7MBnBgcalc
AsterHyperliquid0.0%0.0%0.1%3.6%−4.3%−6.5%482dweak$176k4h/1hAsHycalc
BinanceCEXLighter−0.4%−0.4%1.5%10.0%−1.1%−1.6%24dmixed$11klow OI4h/1hBnLicalc
MEXCCEXExtended0.4%0.4%0.1%−0.3%−2.3%−3.4%427dweak$11klow OI4h/1hMxExcalc
BinanceCEXGateCEX0.0%0.0%1.8%6.7%−4.7%−7.1%51dweak$1.5M4h/8hBnGtcalc
VariationalBybitCEX0.0%−0.1%0.5%0.4%−2.4%−3.6%81dweak$28klow OIspread not incl.VaBycalc
AsterBitgetCEX0.0%0.0%0.0%4.9%−5.2%−7.8%>999dweak$176kAsBgcalc
LighterMEXCCEX0.4%0.4%−1.6%−7.3%−2.6%−3.9%—weak$11klow OI1h/4hLiMxcalc
BitgetCEXHyperliquid0.0%0.0%0.1%−1.2%−5.4%−8.1%810dweak$709k4h/1hBgHycalc
LighterExtended0.9%0.9%−1.5%−7.6%−2.8%−4.2%—weak$11klow OILiExcalc
LighterBitgetCEX0.4%0.4%0.3%−2.9%−2.8%−4.2%135dweak$11klow OI1h/4hLiBgcalc
GateCEXAster0.0%0.0%0.0%−5.6%−6.0%−9.0%>999dweak$176k8h/4hGtAscalc
GateCEXHyperliquid0.0%0.0%0.1%−2.0%−6.1%−9.2%627dweak$709k8h/1hGtHycalc
ExtendedAster−0.4%−0.4%1.8%−0.2%−1.6%−2.4%27dmixed$11klow OI1h/4hExAscalc
GateCEXBitgetCEX0.0%0.0%0.0%−0.8%−7.0%−10.5%>999dweak$1.5M8h/4hGtBgcalc
ExtendedHyperliquid−0.4%−0.4%1.9%3.5%−1.8%−2.6%27dmixed$11klow OIExHycalc
LighterGateCEX0.4%0.4%0.3%−2.1%−3.6%−5.4%196dweak$11klow OI1h/8hLiGtcalc
BinanceCEXExtended0.4%0.4%0.0%−0.6%−3.9%−5.8%>999dweak$11klow OI4h/1hBnExcalc
LighterBinanceCEX0.4%0.4%−1.5%−10.0%−4.1%−6.2%—weak$11klow OI1h/4hLiBncalc
AsterExtended0.4%0.4%−1.8%0.2%−5.2%−7.7%—weak$11klow OI4h/1hAsExcalc
ExtendedBitgetCEX−0.4%−0.4%1.8%4.7%−2.6%−3.9%34dmixed$11klow OI1h/4hExBgcalc
HyperliquidExtended0.4%0.4%−1.9%−3.5%−5.5%−8.3%—weak$11klow OIHyExcalc
BitgetCEXExtended0.4%0.4%−1.8%−4.7%−6.2%−9.3%—weak$11klow OI4h/1hBgExcalc
ExtendedGateCEX−0.4%−0.4%1.8%5.5%−3.5%−5.2%42dmixed$11klow OI1h/8hExGtcalc
GateCEXExtended0.4%0.4%−1.8%−5.5%−7.0%−10.5%—weak$11klow OI8h/1hGtExcalc
LighterVariational0.4%0.4%−6.2%−9.6%−6.2%−9.2%—mixed$11klow OI1h/8hspread not incl.LiVacalc
LighterBybitCEX0.4%0.3%−5.7%−9.3%−8.5%−12.8%—mixed$11klow OI1h/8hLiBycalc
LighterNado0.4%−9.1%−10.3%−12.4%−12.1%−18.2%—mixed$0low OILiNacalc
LighterGRVT0.4%−2.1%−13.5%−11.3%−15.8%−23.8%—mixed$11klow OI1h/4hLiGrcalc
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 04:26 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 Extended at 1.25095, sell on Lighter at 1.2628: 0.943% before fees, 0.893% after taker fees.

AXS: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Lighter1.2628Hyperliquid1.2533Bitget1.253Nado1.25293Aster1.25272MEXC1.2526Bybit1.2525GRVT1.25235Binance1.2521Gate1.2518Variational1.2513Extended1.25095
Extended1.250950.943%0.188%0.164%0.158%0.142%0.132%0.124%0.112%0.092%0.068%0.029%—
Variational1.25130.914%0.159%0.135%0.129%0.113%0.103%0.095%0.084%0.063%0.040%—−0.029%
Gate1.25180.875%0.120%0.096%0.090%0.074%0.064%0.056%0.044%0.024%—−0.040%−0.068%
Binance1.25210.851%0.096%0.072%0.066%0.050%0.040%0.032%0.020%—−0.024%−0.063%−0.092%
GRVT1.252350.831%0.076%0.052%0.046%0.030%0.020%0.012%—−0.020%−0.044%−0.084%−0.112%
Bybit1.25250.819%0.064%0.040%0.034%0.018%0.008%—−0.012%−0.032%−0.056%−0.095%−0.124%
MEXC1.25260.811%0.056%0.032%0.026%0.010%—−0.008%−0.020%−0.040%−0.064%−0.103%−0.132%
Aster1.252720.801%0.046%0.022%0.016%—−0.010%−0.018%−0.030%−0.050%−0.074%−0.113%−0.142%
Nado1.252930.785%0.030%0.006%—−0.016%−0.026%−0.034%−0.046%−0.066%−0.090%−0.129%−0.158%
Bitget1.2530.779%0.024%—−0.006%−0.022%−0.032%−0.040%−0.052%−0.072%−0.096%−0.135%−0.164%
Hyperliquid1.25330.755%—−0.024%−0.030%−0.046%−0.056%−0.064%−0.076%−0.096%−0.120%−0.159%−0.188%
Lighter1.2628—−0.755%−0.779%−0.785%−0.801%−0.811%−0.819%−0.831%−0.851%−0.875%−0.914%−0.943%
All quotes (12)
VenueBidAskQualityAgeVol 24hFlags
Aster1.252721.25272mark5m$44kno FX
BinanceCEX1.25211.2521mark5m$10.0Mno FX
BitgetCEX1.2531.253mark5m$828kno FX
BybitCEX1.25251.2525mark5m$1.9Mno FX
Extended1.250951.25095mark5m$103k
GateCEX1.25181.2518mark5m$360kno FX
GRVT1.252351.25235mark5m$828kno FX
Hyperliquid1.25331.2533mark5m$171k
Lighter1.26281.2628mark5m$3k
MEXCCEX1.25261.2526mark5m$1.2Mno FX
Nado1.252931.25293mark5m$0no FX
Variational1.25131.2513mark5m$3k

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

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