BOT funding rates

BOT perpetual funding across 5 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 03:16 UTC · refreshed every 5 min

Best pair · 7d: 63.8%long Gate, short Lighter · net 59.9%
Highest funding now: 325%Lighter
Lowest funding now: 0.0%BitgetCEX
Listed on: 5 venues

Funding by venue

													Flags	Open
Lighter	BOT	325%	275%	65.1%	29.5%	30.2%	92%	1h	04:00	27.99	$35k	$7k	TradFi	LiLighter
BybitCEX	BOTUSDT	176%	21.3%	49.3%	20.4%	54.0%	36%	8h	08:00	28.33	$328k	$242k	TradFi	ByBybit
Variational	BOT	128%	8.6%	5.5%	22.2%	5.0%	38%	8h	—	28.27	$112k	$17k	TradFi	VaVariational
GateCEX	BOT_USDT	44.6%	5.9%	1.3%	0.3%	0.6%	8%	8h	08:00	28.41	$516k	$163k	TradFi	GtGate
BitgetCEX	BOTUSDT	0.0%	0.0%	55.0%	17.7%	64.1%	29%	8h	08:00	28.35	$72k	$39k	TradFi	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
GateCEX	BitgetCEX	−44.6%	−5.9%	53.7%	17.4%	46.6%	69.9%	1.8d	cooling	$72k	TradFi	Gt Bg	calc
Variational	BitgetCEX	−128%	−8.6%	49.4%	−4.6%	46.3%	69.5%	0.9d	cooling	$72k	TradFispread not incl.	Va Bg	calc
GateCEX	BybitCEX	132%	15.4%	48.0%	20.1%	41.2%	61.8%	2.0d	steady	$328k	TradFi	Gt By	calc
Variational	BybitCEX	48.6%	12.7%	43.8%	−1.8%	40.9%	61.4%	0.9d	steady	$112k	TradFispread not incl.	Va By	calc
GateCEX	Lighter	280%	269%	63.8%	29.2%	59.9%	89.8%	0.9d	spike ×9.1	$35k	low OI8h/1hTradFi	Gt Li	calc
Variational	Lighter	197%	266%	59.6%	7.3%	59.6%	89.3%	<0.1d	spike ×10.6	$35k	low OI8h/1hTradFispread not incl.	Va Li	calc
BybitCEX	Lighter	149%	253%	15.8%	9.1%	12.9%	19.4%	2.5d	spike	$35k	low OI8h/1hTradFi	By Li	calc
BitgetCEX	Lighter	325%	275%	10.1%	11.8%	7.0%	10.5%	4.3d	spike	$35k	low OI8h/1hTradFi	Bg Li	calc
GateCEX	Variational	83.0%	2.7%	4.2%	21.9%	0.3%	0.5%	13d	weak	$112k	TradFispread not incl.	Gt Va	calc
BybitCEX	BitgetCEX	−176%	−21.3%	5.6%	−2.7%	−0.4%	−0.5%	15d	cooling	$72k	TradFi	By Bg	calc
BitgetCEX	BybitCEX	176%	21.3%	−5.6%	2.7%	−11.6%	−17.5%	—	spike	$72k	TradFi	Bg By	calc
BitgetCEX	Variational	128%	8.6%	−49.4%	4.6%	−52.6%	−78.8%	—	weak	$72k	TradFispread not incl.	Bg Va	calc
BitgetCEX	GateCEX	44.6%	5.9%	−53.7%	−17.4%	−60.7%	−91.0%	—	weak	$72k	TradFi	Bg Gt	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 03:16 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.

BOT · TradFi

No two venues give a usable spread right now.

BOT: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Gate28.41	Bitget28.35	Bybit28.33	Variational28.2702	Lighter27.987
Lighter27.987	1.50%	1.29%	1.22%	1.01%	—
Variational28.2702	0.493%	0.282%	0.211%	—	−1.01%
Bybit28.33	0.282%	0.071%	—	−0.211%	−1.22%
Bitget28.35	0.211%	—	−0.071%	−0.282%	−1.29%
Gate28.41	—	−0.211%	−0.282%	−0.493%	−1.50%

All quotes (5)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
BitgetCEX	28.35	28.35	mark	7m	$39k	closedno FX
BybitCEX	28.33	28.33	mark	7m	$242k	closedno FX
GateCEX	28.41	28.41	mark	7m	$163k	closedno FX
Lighter	27.987	27.987	mark	7m	$7k	closed
Variational	28.2702	28.2702	mark	7m	$17k	closed

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

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