BASED funding rates

BASED perpetual funding across 10 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
6.4%long Bybit, short Bitget · net 0.4%
Highest funding now
43.4%BitgetCEX
Lowest funding now
10.9%GRVT
Listed on
10 venues

Funding by venue

7d chartFlagsOpen
BitgetCEXBASEDUSDT43.4%28.4%17.0%17.2%15.1%100%4h04:000.06553$1.7M$274kBgBitget
AsterBASEDUSDT27.9%15.5%15.9%15.9%15.9%100%4h04:000.06531$36k$9kAsAster
RWA PerpPERP_BASED_USDC21.6%13.2%13.9%20.0%14.0%100%4h04:000.06536$4k$64RwRWA Perp
ExtendedBASED-USD11.4%11.4%12.8%12.3%13.0%100%1h04:000.06533$4k$94kExExtended
GRVTBASED_USDT_Perp10.9%11.1%11.6%11.1%11.7%100%4h04:000.06542$88k$275kGrGRVT
BinanceCEXBASEDUSDT10.9%10.9%12.4%12.0%12.7%100%4h04:000.06545$4.0M$3.4MBnBinance
BybitCEXBASEDUSDT10.9%10.9%10.6%10.7%10.6%98%4h04:000.06538$2.2M$612kByBybit
GateCEXBASED_USDT10.9%10.8%14.6%13.4%15.3%100%4h04:000.06545$339k$611kGtGate
MEXCCEXBASED_USDT10.9%10.9%12.4%12.0%12.7%100%4h04:000.06543$2.3M$152kMxMEXC
VariationalBASED10.9%10.9%10.9%10.9%10.9%100%4h—0.06534$97k$29kVaVariational

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
VariationalBitgetCEX32.4%17.5%6.0%6.3%2.9%4.3%7.3dspike ×4.3$97kspread not incl.VaBgcalc
VariationalAster17.0%4.5%4.9%4.9%2.8%4.3%5.9dweak$36klow OIspread not incl.VaAscalc
VariationalMEXCCEX0.0%0.0%1.5%1.0%0.4%0.7%9.9dweak$97kspread not incl.VaMxcalc
VariationalExtended0.4%0.4%1.8%1.4%0.5%0.8%9.9dweak$4klow OI4h/1hspread not incl.VaExcalc
BybitCEXBitgetCEX32.4%17.5%6.4%6.5%0.4%0.5%13dspike ×3.9$1.7MByBgcalc
MEXCCEXBitgetCEX32.4%17.5%4.5%5.2%0.4%0.5%13dspike ×7.3$1.7MMxBgcalc
BybitCEXAster17.0%4.6%5.3%5.2%0.3%0.5%13dsteady$36klow OIByAscalc
MEXCCEXAster17.0%4.5%3.4%3.9%0.3%0.5%13dweak$36klow OIMxAscalc
VariationalGateCEX0.0%−0.1%3.7%2.5%−0.2%−0.4%15dweak$97kspread not incl.VaGtcalc
GRVTBitgetCEX32.4%17.3%5.3%6.1%−0.1%−0.2%14dspike ×5.2$88kGrBgcalc
GRVTAster17.0%4.4%4.2%4.7%−0.2%−0.3%15dweak$36klow OIGrAscalc
VariationalBinanceCEX0.0%0.0%1.5%1.0%−1.1%−1.7%25dweak$97kspread not incl.VaBncalc
ExtendedAster16.5%4.1%3.1%3.6%−0.3%−0.5%15dmixed$4klow OI1h/4hExAscalc
VariationalGRVT0.0%0.1%0.7%0.2%−1.7%−2.5%48dweak$88kspread not incl.VaGrcalc
BybitCEXMEXCCEX0.0%0.0%1.8%1.2%−2.1%−3.1%30dweak$2.2MByMxcalc
ExtendedBitgetCEX32.0%17.0%4.2%4.9%−0.3%−0.4%15dspike ×8.4$4klow OI1h/4hExBgcalc
BinanceCEXBitgetCEX32.4%17.5%4.5%5.5%−1.2%−1.8%18dspike ×7.3$1.7MBnBgcalc
BinanceCEXAster17.0%4.5%3.4%3.3%−1.2%−1.9%19dweak$36klow OIBnAscalc
BybitCEXVariational0.0%0.0%0.3%0.2%−2.5%−3.8%116dweak$97kspread not incl.ByVacalc
GRVTMEXCCEX0.0%−0.1%0.8%0.8%−2.6%−3.9%60dweak$88kGrMxcalc
BybitCEXGateCEX0.0%−0.1%4.0%2.7%−2.8%−4.1%24dweak$339kByGtcalc
MEXCCEXGateCEX0.0%−0.1%2.2%1.5%−2.8%−4.1%32dweak$339kMxGtcalc
GRVTGateCEX0.0%−0.3%3.0%2.3%−3.3%−4.9%29dweak$88kGrGtcalc
BinanceCEXMEXCCEX0.0%0.0%0.0%−0.1%−3.6%−5.5%>999dweak$2.3MBnMxcalc
BybitCEXBinanceCEX0.0%0.0%1.8%1.1%−3.7%−5.5%42dweak$2.2MByBncalc
BybitCEXExtended0.4%0.5%2.2%1.6%−2.0%−3.0%27dweak$4klow OI4h/1hByExcalc
MEXCCEXExtended0.4%0.4%0.4%0.3%−2.0%−3.0%90dweak$4klow OI4h/1hMxExcalc
GRVTBinanceCEX0.0%−0.1%0.8%0.8%−4.2%−6.2%88dweak$88kGrBncalc
BybitCEXGRVT0.0%0.2%1.0%0.4%−4.2%−6.3%71dweak$88kByGrcalc
BinanceCEXGateCEX0.0%−0.1%2.2%2.1%−4.3%−6.5%42dweak$339kBnGtcalc
GRVTExtended0.4%0.3%1.2%1.2%−2.5%−3.7%44dweak$4klow OI4h/1hGrExcalc
BinanceCEXExtended0.4%0.4%0.4%0.3%−3.5%−5.3%148dweak$4klow OI4h/1hBnExcalc
AsterBitgetCEX15.5%12.9%1.1%1.3%−4.1%−6.2%67dweak$36klow OIAsBgcalc
GateCEXBitgetCEX32.4%17.6%2.3%3.8%−4.7%−7.0%42dspike$339kGtBgcalc
GateCEXAster17.0%4.7%1.3%2.4%−4.7%−7.1%67dweak$36klow OIGtAscalc
ExtendedGateCEX−0.4%−0.6%1.8%1.1%−3.4%−5.1%40dmixed$4klow OI1h/4hExGtcalc
GateCEXExtended0.4%0.6%−1.8%−1.1%−7.0%−10.6%—weak$4klow OI4h/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 03:51 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 Aster at 0.0653136, sell on Bitget at 0.06553: 0.331% before fees, 0.131% after taker fees.

BASED: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Bitget0.06553Binance0.06545Gate0.06545MEXC0.06543GRVT0.0654203Bybit0.06538RWA Perp0.06536Variational0.0653428Extended0.0653305Aster0.0653136
Aster0.06531360.331%0.209%0.209%0.178%0.163%0.102%0.071%0.045%0.026%—
Extended0.06533050.305%0.183%0.183%0.152%0.137%0.076%0.045%0.019%—−0.026%
Variational0.06534280.286%0.164%0.164%0.133%0.119%0.057%0.026%—−0.019%−0.045%
RWA Perp0.065360.260%0.138%0.138%0.107%0.092%0.031%—−0.026%−0.045%−0.071%
Bybit0.065380.229%0.107%0.107%0.076%0.062%—−0.031%−0.057%−0.076%−0.102%
GRVT0.06542030.168%0.045%0.045%0.015%—−0.062%−0.092%−0.119%−0.137%−0.163%
MEXC0.065430.153%0.031%0.031%—−0.015%−0.076%−0.107%−0.133%−0.152%−0.178%
Binance0.065450.122%—0.000%−0.031%−0.045%−0.107%−0.138%−0.164%−0.183%−0.209%
Gate0.065450.122%0.000%—−0.031%−0.045%−0.107%−0.138%−0.164%−0.183%−0.209%
Bitget0.06553—−0.122%−0.122%−0.153%−0.168%−0.229%−0.260%−0.286%−0.305%−0.331%
All quotes (10)
VenueBidAskQualityAgeVol 24hFlags
Aster0.06531360.0653136mark5m$9kno FX
BinanceCEX0.065450.06545mark5m$3.4Mno FX
BitgetCEX0.065530.06553mark5m$274kno FX
BybitCEX0.065380.06538mark5m$612kno FX
Extended0.06533050.0653305mark5m$94k
GateCEX0.065450.06545mark5m$611kno FX
GRVT0.06542030.0654203mark5m$275kno FX
MEXCCEX0.065430.06543mark6m$152kno FX
RWA Perp0.065360.06536mark5m$64
Variational0.06534280.0653428mark5m$29k

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

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