BNC funding rates

BNC perpetual funding across 4 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 07:25 UTC · refreshed every 5 min

Best pair · 7d: 22.8%long Bitget, short Bybit · net 16.8%
Highest funding now: 992%Variational
Lowest funding now: 0.0%BitgetCEX
Listed on: 4 venues

Funding by venue

													Open
Variational	BNC	992%	210%	−1.6%	18.9%	−36.9%	12%	8h	—	5.32	$46k	$221k	VaVariational
Aster	BNCUSD1	972%	209%	7.8%	19.1%	−25.6%	10%	8h	08:00	5.36	$44k	$195k	AsAster
BybitCEX	BNCUSDT	749%	226%	14.9%	24.2%	−20.2%	10%	8h	08:00	5.33	$244k	$68k	ByBybit
BitgetCEX	BNCUSDT	0.0%	−0.1%	−7.9%	8.5%	−9.2%	14%	8h	08:00	5.36	$295k	$329k	BgBitget

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
BitgetCEX	BybitCEX	749%	226%	22.8%	15.7%	16.8%	25.2%	3.7d	spike	$244k		Bg By	calc
Variational	BybitCEX	−243%	15.7%	16.5%	5.4%	13.7%	20.5%	2.4d	cooling	$46k	low OIspread not incl.	Va By	calc
Variational	Aster	−19.9%	−1.7%	9.4%	7.7%	7.3%	11.0%	3.1d	cooling	$44k	low OIspread not incl.	Va As	calc
BitgetCEX	Aster	972%	209%	15.7%	24.9%	10.5%	15.7%	4.7d	spike	$44k	low OI	Bg As	calc
Aster	BybitCEX	−223%	17.4%	7.1%	2.0%	2.2%	3.2%	9.8d	spike ×3.2	$44k	low OI	As By	calc
BitgetCEX	Variational	992%	210%	6.3%	10.4%	3.1%	4.7%	7.0d	spike	$46k	low OIspread not incl.	Bg Va	calc
Aster	Variational	19.9%	1.7%	−9.4%	−7.7%	−11.5%	−17.3%	—	weak	$44k	low OIspread not incl.	As Va	calc
BybitCEX	Aster	223%	−17.4%	−7.1%	−2.0%	−12.1%	−18.1%	—	weak	$44k	low OI	By As	calc
BybitCEX	Variational	243%	−15.7%	−16.5%	−5.4%	−19.4%	−29.1%	—	weak	$46k	low OIspread not incl.	By Va	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 07:25 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 5.31892, sell on Aster at 5.35802: 0.732% before fees, 0.652% after taker fees.

BNC: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Aster5.35802	Bitget5.3574	Bybit5.327	Variational5.31892
Variational5.31892	0.732%	0.721%	0.152%	—
Bybit5.327	0.581%	0.569%	—	−0.152%
Bitget5.3574	0.011%	—	−0.569%	−0.721%
Aster5.35802	—	−0.011%	−0.581%	−0.732%

All quotes (4)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	5.35802	5.35802	mark	2m	$195k	no FX
BitgetCEX	5.3574	5.3574	mark	7m	$329k	no FX
BybitCEX	5.327	5.327	mark	7m	$68k	no FX
Variational	5.31892	5.31892	mark	2m	$221k

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

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