BIO funding rates

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

· refreshed every 5 min

Best pair · 7d
16.4%long Aster, short Hyperliquid · net 12.0%
Highest funding now
10.9%Hyperliquid
Lowest funding now
8.2%RWA Perp
Listed on
10 venues

Funding by venue

7d chartFlagsOpen
HyperliquidBIO10.9%13.5%14.7%22.5%14.9%100%1h—0.02968$1.3M$301kHyHyperliquid
AsterBIOUSDT10.9%9.5%−1.7%4.8%−3.6%64%4h12:000.02965$14k$39kAsAster
BinanceCEXBIOUSDT10.9%10.9%4.3%8.4%3.0%68%4h12:000.02963$6.0M$4.8MBnBinance
BybitCEXBIOUSDT10.9%10.9%9.1%10.5%8.8%95%4h12:000.02962$1.6M$1.0MByBybit
BitgetCEXBIOUSDT10.9%10.9%10.6%10.9%10.6%98%4h12:000.02962$1.3M$521kBgBitget
GateCEXBIO_USDT10.9%9.6%9.3%10.0%9.3%95%8h16:000.02964$1.2M$199kGtGate
MEXCCEXBIO_USDT10.9%10.9%5.1%8.9%4.2%71%4h12:000.02964$383k$146kMxMEXC
VariationalBIO10.9%10.9%1.3%8.2%−0.4%79%4h—0.02959$77k$69kVaVariational
LighterBIO10.5%10.5%10.5%9.8%10.5%100%1h09:000.03022$9k$276LiLighter
RWA PerpPERP_BIO_USDC8.2%7.8%7.3%9.2%7.2%90%4h12:000.0296$8k$675RwRWA Perp

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%2.5%13.5%14.3%11.1%16.7%2.4dcooling$77k4h/1hspread not incl.VaHycalc
VariationalBitgetCEX0.0%0.0%9.4%2.7%6.2%9.4%4.7dcooling$77kspread not incl.VaBgcalc
MEXCCEXHyperliquid0.0%2.5%9.6%13.5%6.2%9.3%5.0dcooling$383k4h/1hMxHycalc
AsterHyperliquid0.0%4.0%16.4%17.6%12.0%18.0%3.8dcooling$14klow OI4h/1hAsHycalc
AsterLighter−0.4%1.0%12.2%4.9%10.1%15.2%2.4dcooling$9klow OI4h/1hAsLicalc
VariationalBybitCEX0.0%0.0%7.8%2.3%5.0%7.5%5.1dcooling$77kspread not incl.VaBycalc
VariationalGateCEX0.0%−1.4%8.1%1.8%4.1%6.2%6.8dcooling$77k4h/8hspread not incl.VaGtcalc
AsterBitgetCEX0.0%1.5%12.3%6.0%7.1%10.7%5.9dcooling$14klow OIAsBgcalc
AsterBybitCEX0.0%1.5%10.8%5.7%5.9%8.8%6.4dcooling$14klow OIAsBycalc
VariationalMEXCCEX0.0%0.0%3.9%0.7%2.8%4.3%3.8dweak$77kspread not incl.VaMxcalc
AsterGateCEX0.0%0.1%11.0%5.2%5.0%7.5%7.6dcooling$14klow OI4h/8hAsGtcalc
BinanceCEXHyperliquid0.0%2.5%7.1%15.6%2.1%3.2%9.8dcooling$1.3M4h/1hBnHycalc
AsterMEXCCEX0.0%1.5%6.9%4.1%3.7%5.6%6.4dcooling$14klow OIAsMxcalc
VariationalBinanceCEX0.0%0.0%4.3%0.9%1.7%2.5%8.5dcooling$77kspread not incl.VaBncalc
AsterBinanceCEX0.0%1.5%7.6%5.1%2.9%4.4%8.6dcooling$14klow OIAsBncalc
MEXCCEXBitgetCEX0.0%0.0%5.5%1.9%1.3%2.0%11dcooling$383kMxBgcalc
MEXCCEXLighter−0.4%−0.4%5.4%0.8%4.3%6.5%2.7dmixed$9klow OI4h/1hMxLicalc
LighterHyperliquid0.4%3.0%4.2%12.7%1.9%2.8%7.8dweak$9klow OILiHycalc
BinanceCEXLighter−0.4%−0.4%6.2%1.2%3.6%5.4%5.9dmixed$9klow OI4h/1hBnLicalc
BinanceCEXBitgetCEX0.0%0.0%6.3%2.4%0.6%0.8%13dcooling$1.3MBnBgcalc
AsterVariational0.0%1.5%3.0%3.4%0.9%1.3%9.8dweak$14klow OIspread not incl.AsVacalc
BybitCEXHyperliquid0.0%2.5%5.6%12.0%0.4%0.6%13dcooling$1.3M4h/1hByHycalc
VariationalLighter−0.4%−0.4%9.3%1.6%9.3%13.9%<0.1dmixed$9k≠ asset?low OI4h/1hspread not incl.VaLicalc
MEXCCEXBybitCEX0.0%0.0%4.0%1.6%0.0%0.1%14dweak$383kMxBycalc
MEXCCEXGateCEX0.0%−1.4%4.2%1.0%−0.8%−1.2%17dcooling$383k4h/8hMxGtcalc
GateCEXHyperliquid0.0%3.9%5.4%12.5%−0.8%−1.3%16dcooling$1.2M8h/1hGtHycalc
BinanceCEXBybitCEX0.0%0.0%4.6%2.0%−0.9%−1.4%17dcooling$1.6MBnBycalc
BinanceCEXGateCEX0.0%−1.4%5.2%1.4%−1.4%−2.0%18dcooling$1.2M4h/8hBnGtcalc
BitgetCEXHyperliquid0.0%2.5%4.1%11.6%−1.4%−2.1%19dweak$1.3M4h/1hBgHycalc
BinanceCEXMEXCCEX0.0%0.0%0.1%0.0%−3.5%−5.3%441dweak$383kBnMxcalc
BybitCEXBitgetCEX0.0%0.0%1.5%0.4%−4.5%−6.7%55dweak$1.3MByBgcalc
GateCEXBitgetCEX0.0%1.4%1.3%0.9%−5.7%−8.6%75dweak$1.2M8h/4hGtBgcalc
LighterBitgetCEX0.4%0.4%0.1%1.1%−3.0%−4.5%382dweak$9klow OI1h/4hLiBgcalc
BybitCEXGateCEX0.0%−1.4%0.2%−0.5%−6.6%−9.8%445dweak$1.2M4h/8hByGtcalc
LighterBybitCEX0.4%0.4%−1.4%0.7%−4.3%−6.4%—weak$9klow OI1h/4hLiBycalc
LighterGateCEX0.4%−0.9%−1.2%0.2%−5.1%−7.7%—weak$9klow OI1h/8hLiGtcalc
GateCEXLighter−0.4%0.9%1.2%−0.2%−2.7%−4.1%46dmixed$9klow OI8h/1hGtLicalc
LighterMEXCCEX0.4%0.4%−5.4%−0.8%−6.4%−9.6%—mixed$9klow OI1h/4hLiMxcalc
LighterBinanceCEX0.4%0.4%−6.2%−1.2%−8.8%−13.2%—mixed$9klow OI1h/4hLiBncalc
LighterAster0.4%−1.0%−12.2%−4.9%−14.3%−21.5%—mixed$9klow OI1h/4hLiAscalc
BybitCEXLighter−0.4%−0.4%1.4%−0.7%−1.5%−2.2%28dmixed$9k≠ asset?low OI4h/1hByLicalc
LighterVariational0.4%0.4%−9.3%−1.6%−9.3%−13.9%—weak$9k≠ asset?low OI1h/4hspread not incl.LiVacalc
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 08:11 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 Variational at 0.0295879, sell on Lighter at 0.030217: 2.10% before fees, 2.10% after taker fees.

BIO: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Lighter0.030217Hyperliquid0.029685Aster0.0296548Gate0.02964MEXC0.02964Binance0.0296319Bitget0.02962Bybit0.02962RWA Perp0.0296Variational0.0295879
Variational0.02958792.10%0.328%0.226%0.176%0.176%0.149%0.108%0.108%0.041%—
RWA Perp0.02962.06%0.287%0.185%0.135%0.135%0.108%0.068%0.068%—−0.041%
Bitget0.029622.00%0.219%0.118%0.067%0.067%0.040%—0.000%−0.068%−0.108%
Bybit0.029622.00%0.219%0.118%0.067%0.067%0.040%0.000%—−0.068%−0.108%
Binance0.02963191.96%0.179%0.077%0.027%0.027%—−0.040%−0.040%−0.108%−0.149%
Gate0.029641.93%0.152%0.050%—0.000%−0.027%−0.067%−0.067%−0.135%−0.176%
MEXC0.029641.93%0.152%0.050%0.000%—−0.027%−0.067%−0.067%−0.135%−0.176%
Aster0.02965481.88%0.102%—−0.050%−0.050%−0.077%−0.118%−0.118%−0.185%−0.226%
Hyperliquid0.0296851.78%—−0.102%−0.152%−0.152%−0.179%−0.219%−0.219%−0.287%−0.328%
Lighter0.030217—−1.78%−1.88%−1.93%−1.93%−1.96%−2.00%−2.00%−2.06%−2.10%
All quotes (10)
VenueBidAskQualityAgeVol 24hFlags
Aster0.02965480.0296548mark5m$39kno FX
BinanceCEX0.02963190.0296319mark5m$4.8Mno FX
BitgetCEX0.029620.02962mark5m$521kno FX
BybitCEX0.029620.02962mark5m$1.0Mno FX
GateCEX0.029640.02964mark5m$199kno FX
Hyperliquid0.0296850.029685mark5m$301k
Lighter0.0302170.030217mark5m$276
MEXCCEX0.029640.02964mark5m$146kno FX
RWA Perp0.02960.0296mark5m$675
Variational0.02958790.0295879mark5m$69k

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

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