BTC funding rates

BTC perpetual funding across 17 venues. Rates are annualized (APR); positive means longs pay shorts.

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

Best pair · 7d: 10.3%long MEXC, short GRVT · net 6.9%
Highest funding now: 11.4%Extended
Lowest funding now: −7.9%Lighter
Listed on: 17 venues

Funding by venue

													Open
Extended	BTC-USD	11.4%	9.6%	8.2%	8.0%	7.9%	89%	1h	04:00	83,594	$50.5M	$78.0M	ExExtended
Aster	BTCU	10.9%	10.9%	5.0%	3.8%	4.0%	67%	8h	08:00	83,717	$643k	$773k	AsAster
GRVT	BTC_USDT_Perp	10.9%	10.9%	10.8%	9.9%	10.7%	100%	8h	08:00	83,700	$209.9M	$191.5M	GrGRVT
Ondo	BTC-USD.P	10.9%	6.5%	8.8%	9.6%	9.2%	92%	1h	04:00	83,592	$3.7M	$10.7M	OnOndo
Polymarket	BTC-USD	7.7%	−0.5%	4.1%	6.6%	4.8%	80%	1h	04:00	83,649	$12.0M	$1.9M	PmPolymarket
Lighter RH	BTC	7.0%	5.1%	3.8%	6.6%	3.6%	68%	1h	04:00	83,728	$17.9M	$55.1M	LrLighter RH
BybitCEX	BTCUSDT	6.9%	3.0%	2.0%	4.1%	1.8%	71%	8h	08:00	83,695	$4.61B	$2.34B	ByBybit
BitgetCEX	BTCUSDT	5.0%	1.8%	5.9%	6.5%	6.6%	92%	8h	08:00	83,698	$2.79B	$1.21B	BgBitget
Variational	BTC	4.4%	4.6%	4.5%	7.0%	4.5%	95%	8h	—	83,624	$120.0M	$491.8M	VaVariational
Hyperliquid	BTC	1.9%	0.6%	6.7%	8.6%	7.7%	82%	1h	—	83,692	$3.20B	$1.38B	HyHyperliquid
BinanceCEX	BTCUSDT	−0.3%	0.4%	0.6%	4.2%	0.7%	54%	8h	08:00	83,693	$7.79B	$5.95B	BnBinance
MEXCCEX	BTC_USDT	−0.4%	0.5%	0.5%	4.1%	0.5%	51%	8h	08:00	83,668	$3.62B	$1.79B	MxMEXC
RISEx	BTC/USDC	−0.9%	13.4%	9.5%	13.0%	8.9%	80%	1h	04:00	83,632	$17.5M	$30.4M	RxRISEx
GateCEX	BTC_USDT	−2.4%	−0.8%	0.7%	2.9%	0.9%	65%	8h	08:00	83,692	$4.41B	$2.41B	GtGate
RWA Perp	PERP_BTC_USDC	−2.9%	0.7%	1.8%	6.6%	2.0%	50%	8h	08:00	83,604	$2.2M	$7.8M	RwRWA Perp
Nado	BTC-PERP_USDT0	−7.0%	−2.7%	1.4%	3.7%	2.0%	62%	1h	04:00	83,719	$28.2M	$97.3M	NaNado
Lighter	BTC	−7.9%	−1.9%	3.6%	7.0%	4.6%	67%	1h	04:00	83,820	$169.5M	$592.1M	LiLighter

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
MEXCCEX	GRVT	11.4%	10.5%	10.3%	5.9%	6.9%	10.3%	4.6d	steady	$209.9M		Mx Gr	calc
MEXCCEX	RISEx	−0.5%	12.9%	9.0%	8.9%	6.4%	9.6%	4.0d	cooling	$17.5M	8h/1h	Mx Rx	calc
MEXCCEX	Ondo	11.4%	6.0%	8.4%	6.8%	6.0%	9.0%	3.9d	steady	$3.7M	8h/1h	Mx On	calc
MEXCCEX	Extended	11.8%	9.1%	7.7%	4.0%	5.4%	8.0%	4.3d	steady	$50.5M	8h/1h	Mx Ex	calc
Nado	GRVT	18.0%	13.7%	9.4%	6.3%	5.2%	7.8%	6.2d	steady	$28.2M	1h/8h	Na Gr	calc
BinanceCEX	GRVT	11.3%	10.6%	10.1%	5.7%	5.2%	7.7%	6.9d	steady	$209.9M		Bn Gr	calc
Lighter	GRVT	18.8%	12.9%	7.1%	2.9%	4.8%	7.2%	4.6d	steady	$169.5M	1h/8h	Li Gr	calc
Nado	RISEx	6.1%	16.1%	8.1%	9.4%	4.8%	7.1%	5.8d	steady	$17.5M		Na Rx	calc
BinanceCEX	RISEx	−0.6%	13.0%	8.9%	8.8%	4.7%	7.0%	6.6d	cooling	$17.5M	8h/1h	Bn Rx	calc
Lighter RH	GRVT	3.9%	5.8%	6.9%	4.2%	4.6%	6.9%	4.7d	steady	$17.9M	1h/8h	Lr Gr	calc
Nado	Ondo	18.0%	9.2%	7.5%	8.0%	4.4%	6.5%	5.9d	steady	$3.7M		Na On	calc
BinanceCEX	Ondo	11.3%	6.1%	8.2%	6.6%	4.3%	6.4%	6.7d	steady	$3.7M	8h/1h	Bn On	calc
Lighter RH	RISEx	−7.9%	8.2%	5.7%	4.5%	4.1%	6.2%	3.9d	cooling	$17.5M		Lr Rx	calc
RWA Perp	GRVT	13.8%	10.2%	9.0%	3.4%	4.0%	6.0%	7.7d	steady	$2.2M		Rw Gr	calc
Lighter	Ondo	18.8%	8.4%	5.2%	3.1%	3.9%	5.8%	3.5d	weak	$3.7M		Li On	calc
Variational	GRVT	6.5%	6.4%	6.2%	2.9%	3.9%	5.8%	5.3d	steady	$120.0M	spread not incl.	Va Gr	calc
GateCEX	GRVT	13.4%	11.8%	10.1%	7.0%	3.8%	5.7%	8.7d	steady	$209.9M		Gt Gr	calc
Lighter RH	Ondo	3.9%	1.3%	5.0%	3.5%	3.7%	5.6%	3.6d	steady	$3.7M		Lr On	calc
Nado	Extended	18.4%	12.3%	6.8%	4.4%	3.7%	5.5%	6.4d	steady	$28.2M		Na Ex	calc
BinanceCEX	Extended	11.7%	9.2%	7.5%	3.9%	3.6%	5.4%	7.3d	steady	$50.5M	8h/1h	Bn Ex	calc
RWA Perp	RISEx	1.9%	12.7%	7.7%	6.5%	3.5%	5.3%	7.6d	steady	$2.2M	8h/1h	Rw Rx	calc
BybitCEX	GRVT	4.1%	8.0%	8.8%	5.9%	3.5%	5.3%	8.3d	steady	$209.9M		By Gr	calc
Variational	RISEx	−5.4%	8.8%	5.0%	6.0%	3.4%	5.1%	4.4d	weak	$17.5M	8h/1hspread not incl.	Va Rx	calc
GateCEX	RISEx	1.5%	14.2%	8.8%	10.1%	3.4%	5.0%	8.7d	steady	$17.5M	8h/1h	Gt Rx	calc
Lighter	Extended	19.3%	11.5%	4.5%	1.0%	3.2%	4.8%	4.0d	weak	$50.5M		Li Ex	calc
RWA Perp	Ondo	13.8%	5.8%	7.1%	4.7%	3.1%	4.7%	7.8d	steady	$2.2M	8h/1h	Rw On	calc
BybitCEX	RISEx	−7.8%	10.4%	7.5%	8.9%	3.1%	4.6%	8.3d	cooling	$17.5M	8h/1h	By Rx	calc
Lighter RH	Extended	4.4%	4.4%	4.3%	0.9%	3.0%	4.6%	4.2d	weak	$17.9M		Lr Ex	calc
MEXCCEX	Variational	4.9%	4.1%	4.1%	2.9%	3.0%	4.5%	3.6d	weak	$120.0M	spread not incl.	Mx Va	calc
Variational	Ondo	6.5%	1.9%	4.3%	2.9%	3.0%	4.5%	4.3d	weak	$3.7M	8h/1hspread not incl.	Va On	calc
GateCEX	Ondo	13.4%	7.3%	8.2%	7.9%	2.9%	4.4%	8.9d	steady	$3.7M	8h/1h	Gt On	calc
MEXCCEX	Hyperliquid	2.3%	0.1%	6.2%	4.5%	2.8%	4.2%	7.7d	steady	$3.20B	8h/1h	Mx Hy	calc
BybitCEX	Ondo	4.1%	3.5%	6.8%	6.3%	2.7%	4.0%	8.5d	steady	$3.7M	8h/1h	By On	calc
RWA Perp	Extended	14.2%	8.9%	6.4%	1.5%	2.5%	3.7%	8.6d	steady	$2.2M	8h/1h	Rw Ex	calc
Variational	Extended	6.9%	5.0%	3.6%	1.0%	2.3%	3.5%	5.0d	weak	$50.5M	8h/1hspread not incl.	Va Ex	calc
MEXCCEX	Lighter RH	7.4%	4.7%	3.4%	3.0%	2.3%	3.5%	4.4d	weak	$17.9M	8h/1h	Mx Lr	calc
GateCEX	Extended	13.8%	10.4%	7.5%	5.1%	2.3%	3.4%	9.7d	steady	$50.5M	8h/1h	Gt Ex	calc
Polymarket	GRVT	3.3%	11.5%	6.7%	3.3%	2.3%	3.4%	9.3d	steady	$12.0M	1h/8hinvite only	Pm Gr	calc
Lighter	RISEx	7.0%	15.3%	5.9%	6.0%	4.3%	6.4%	3.7d	spike ×3.6	$17.5M		Li Rx	calc
MEXCCEX	Lighter	−7.4%	−2.4%	3.2%	2.9%	2.1%	3.2%	4.6d	weak	$169.5M	8h/1h	Mx Li	calc
BybitCEX	Extended	4.5%	6.6%	6.2%	4.0%	2.0%	3.0%	9.5d	steady	$50.5M	8h/1h	By Ex	calc
Polymarket	Ondo	3.3%	7.0%	4.8%	4.6%	1.4%	2.1%	9.9d	weak	$3.7M	invite only	Pm On	calc
MEXCCEX	Aster	11.4%	10.5%	4.5%	−0.3%	1.4%	2.1%	9.7d	weak	$643k		Mx As	calc
Nado	Variational	11.4%	7.3%	3.2%	3.3%	1.4%	2.0%	8.0d	weak	$28.2M	1h/8hspread not incl.	Na Va	calc
Aster	GRVT	0.0%	0.0%	5.8%	6.2%	1.3%	2.0%	11d	cooling	$643k		As Gr	calc
BinanceCEX	Variational	4.8%	4.2%	3.9%	2.8%	1.3%	1.9%	9.4d	weak	$120.0M	spread not incl.	Bn Va	calc
MEXCCEX	BitgetCEX	5.5%	1.3%	5.5%	2.4%	1.3%	1.9%	11d	steady	$2.79B		Mx Bg	calc
Nado	Hyperliquid	8.9%	3.3%	5.3%	5.0%	1.1%	1.7%	11d	steady	$28.2M		Na Hy	calc
BinanceCEX	Hyperliquid	2.2%	0.2%	6.0%	4.4%	1.1%	1.6%	12d	steady	$3.20B	8h/1h	Bn Hy	calc
Polymarket	RISEx	−8.6%	13.9%	5.4%	6.4%	1.8%	2.7%	9.4d	mixed	$12.0M	invite only	Pm Rx	calc
Aster	RISEx	−11.9%	2.4%	4.5%	9.2%	0.9%	1.3%	11d	weak	$643k	8h/1h	As Rx	calc
Polymarket	Extended	3.7%	10.1%	4.1%	1.5%	0.7%	1.1%	12d	weak	$12.0M	invite only	Pm Ex	calc
Lighter	Hyperliquid	9.8%	2.5%	3.0%	1.6%	0.7%	1.0%	11d	weak	$169.5M		Li Hy	calc
Nado	Lighter RH	14.0%	7.9%	2.5%	4.0%	0.6%	1.0%	10d	weak	$17.9M		Na Lr	calc
BinanceCEX	Lighter RH	7.4%	4.7%	3.2%	2.9%	0.6%	0.9%	11d	weak	$17.9M	8h/1h	Bn Lr	calc
Lighter RH	Hyperliquid	−5.1%	−4.6%	2.8%	2.3%	0.5%	0.7%	12d	weak	$17.9M		Lr Hy	calc
Nado	Lighter	−0.9%	0.8%	2.3%	3.3%	0.5%	0.7%	11d	weak	$28.2M		Na Li	calc
Aster	Ondo	0.0%	−4.5%	3.8%	6.9%	0.5%	0.7%	12d	cooling	$643k	8h/1h	As On	calc
Lighter	Variational	12.3%	6.5%	0.9%	0.0%	0.9%	1.4%	<0.1d	mixed	$120.0M	1h/8hspread not incl.	Li Va	calc
MEXCCEX	Polymarket	8.1%	−1.0%	3.6%	2.5%	0.5%	0.7%	12d	weak	$12.0M	8h/1hinvite only	Mx Pm	calc
Lighter RH	Variational	−2.6%	−0.6%	0.7%	0.5%	0.7%	1.1%	<0.1d	mixed	$17.9M	1h/8hspread not incl.	Lr Va	calc
BinanceCEX	Lighter	−7.5%	−2.3%	3.0%	2.8%	0.4%	0.6%	12d	mixed	$169.5M	8h/1h	Bn Li	calc
Lighter	Lighter RH	14.9%	7.0%	0.2%	−0.3%	0.2%	0.3%	<0.1d	weak	$17.9M		Li Lr	calc
RWA Perp	Variational	7.3%	3.9%	2.8%	0.4%	0.2%	0.2%	13d	weak	$2.2M	spread not incl.	Rw Va	calc
GateCEX	Variational	6.9%	5.4%	3.9%	4.1%	0.0%	−0.1%	14d	weak	$120.0M	spread not incl.	Gt Va	calc
RWA Perp	Hyperliquid	4.8%	−0.1%	4.9%	2.1%	−0.1%	−0.1%	14d	cooling	$2.2M	8h/1h	Rw Hy	calc
Aster	Extended	0.4%	−1.4%	3.2%	4.3%	−0.2%	−0.3%	15d	weak	$643k	8h/1h	As Ex	calc
Variational	Hyperliquid	−2.5%	−4.0%	2.1%	1.6%	−0.2%	−0.3%	15d	weak	$120.0M	8h/1hspread not incl.	Va Hy	calc
GateCEX	Hyperliquid	4.3%	1.4%	6.0%	5.7%	−0.3%	−0.4%	15d	steady	$3.20B	8h/1h	Gt Hy	calc
Nado	Aster	18.0%	13.7%	3.6%	0.1%	−0.3%	−0.4%	15d	weak	$643k	1h/8h	Na As	calc
BybitCEX	Variational	−2.5%	1.6%	2.5%	2.9%	−0.3%	−0.5%	16d	weak	$120.0M	spread not incl.	By Va	calc
BinanceCEX	Aster	11.3%	10.6%	4.3%	−0.4%	−0.3%	−0.5%	15d	weak	$643k		Bn As	calc
Nado	BitgetCEX	12.0%	4.6%	4.6%	2.8%	−0.4%	−0.6%	15d	weak	$28.2M	1h/8h	Na Bg	calc
BinanceCEX	BitgetCEX	5.4%	1.4%	5.3%	2.3%	−0.4%	−0.7%	15d	steady	$2.79B		Bn Bg	calc
BybitCEX	Hyperliquid	−5.0%	−2.4%	4.7%	4.6%	−0.6%	−0.8%	16d	cooling	$3.20B	8h/1h	By Hy	calc
Hyperliquid	GRVT	9.0%	10.4%	4.1%	1.3%	−0.6%	−0.9%	16d	weak	$209.9M	1h/8h	Hy Gr	calc
BitgetCEX	GRVT	5.9%	9.1%	4.8%	3.5%	−0.7%	−1.0%	16d	weak	$209.9M		Bg Gr	calc
GateCEX	Lighter RH	9.4%	6.0%	3.2%	4.2%	−0.8%	−1.1%	17d	weak	$17.9M	8h/1h	Gt Lr	calc
Lighter	BitgetCEX	12.9%	3.7%	2.3%	−0.5%	−0.8%	−1.2%	19d	weak	$169.5M	1h/8h	Li Bg	calc
Lighter RH	Aster	3.9%	5.8%	1.2%	−3.2%	−0.9%	−1.4%	25d	weak	$643k	1h/8h	Lr As	calc
GateCEX	Lighter	−5.5%	−1.1%	3.0%	4.1%	−0.9%	−1.4%	18d	weak	$169.5M	8h/1h	Gt Li	calc
BybitCEX	Lighter RH	0.1%	2.2%	1.8%	2.7%	−1.0%	−1.6%	22d	weak	$17.9M	8h/1h	By Lr	calc
RWA Perp	Lighter RH	9.9%	4.4%	2.0%	1.0%	−0.6%	−0.8%	18d	mixed	$2.2M	8h/1h	Rw Lr	calc
Nado	Polymarket	14.7%	2.2%	2.7%	2.9%	−1.2%	−1.8%	20d	weak	$12.0M	invite only	Na Pm	calc
BybitCEX	Lighter	−14.8%	−4.9%	1.6%	2.9%	−1.2%	−1.8%	24d	weak	$169.5M	8h/1h	By Li	calc
BinanceCEX	Polymarket	8.0%	−0.9%	3.4%	2.4%	−1.3%	−1.9%	19d	weak	$12.0M	8h/1hinvite only	Bn Pm	calc
Variational	Lighter RH	2.6%	0.6%	−0.7%	−0.5%	−0.7%	−1.1%	—	mixed	$17.9M	8h/1hspread not incl.	Va Lr	calc
Lighter	Aster	18.8%	12.9%	1.3%	−3.2%	−0.7%	−1.1%	22d	mixed	$643k	1h/8h	Li As	calc
Hyperliquid	Ondo	9.0%	5.9%	2.2%	0.9%	−1.5%	−2.2%	24d	weak	$3.7M		Hy On	calc
RWA Perp	Aster	13.8%	10.2%	3.2%	−2.8%	−1.5%	−2.2%	20d	weak	$643k		Rw As	calc
RWA Perp	Lighter	−5.0%	−2.6%	1.9%	0.4%	−0.7%	−1.1%	20d	mixed	$2.2M	8h/1h	Rw Li	calc
BitgetCEX	Ondo	5.9%	4.6%	2.9%	3.3%	−1.5%	−2.3%	21d	weak	$3.7M	8h/1h	Bg On	calc
RWA Perp	BitgetCEX	7.9%	1.1%	4.2%	−0.1%	−1.6%	−2.4%	19d	weak	$2.2M		Rw Bg	calc
Lighter	Polymarket	15.6%	1.4%	0.4%	−0.4%	−1.7%	−2.5%	70d	weak	$12.0M	invite only	Li Pm	calc
Ondo	GRVT	0.0%	4.5%	1.9%	1.2%	−1.7%	−2.6%	27d	weak	$3.7M	1h/8h	On Gr	calc
GateCEX	BitgetCEX	7.4%	2.6%	5.3%	3.5%	−1.8%	−2.7%	19d	steady	$2.79B		Gt Bg	calc
Polymarket	Hyperliquid	−5.8%	1.1%	2.6%	2.0%	−1.8%	−2.7%	24d	weak	$12.0M	invite only	Pm Hy	calc
Lighter RH	Polymarket	0.7%	−5.7%	0.2%	−0.9%	−1.9%	−2.8%	130d	weak	$12.0M	invite only	Lr Pm	calc
MEXCCEX	Nado	−6.6%	−3.2%	0.9%	−0.4%	−2.0%	−3.0%	46d	weak	$28.2M	8h/1h	Mx Na	calc
Lighter RH	BitgetCEX	−2.0%	−3.3%	2.1%	−0.2%	−1.0%	−1.5%	21d	mixed	$17.9M	1h/8h	Lr Bg	calc
BybitCEX	BitgetCEX	−1.9%	−1.1%	3.9%	2.4%	−2.1%	−3.1%	21d	weak	$2.79B		By Bg	calc
Hyperliquid	Extended	9.5%	9.0%	1.5%	−0.6%	−2.1%	−3.2%	34d	weak	$50.5M		Hy Ex	calc
Extended	GRVT	−0.4%	1.4%	2.6%	1.9%	−1.1%	−1.6%	20d	mixed	$50.5M	1h/8h	Ex Gr	calc
Hyperliquid	RISEx	−2.8%	12.8%	2.8%	4.4%	−1.1%	−1.6%	19d	mixed	$17.5M		Hy Rx	calc
BitgetCEX	Extended	6.4%	7.7%	2.2%	1.6%	−2.2%	−3.3%	28d	weak	$50.5M	8h/1h	Bg Ex	calc
BitgetCEX	RISEx	−6.0%	11.6%	3.6%	6.5%	−1.1%	−1.7%	18d	mixed	$17.5M	8h/1h	Bg Rx	calc
MEXCCEX	BybitCEX	7.3%	2.5%	1.5%	0.0%	−2.4%	−3.6%	36d	weak	$3.62B		Mx By	calc
Variational	Polymarket	3.2%	−5.1%	−0.5%	−0.4%	−2.6%	−3.9%	—	weak	$12.0M	8h/1hinvite onlyspread not incl.	Va Pm	calc
GateCEX	Polymarket	10.1%	0.3%	3.4%	3.6%	−2.6%	−3.9%	25d	weak	$12.0M	8h/1hinvite only	Gt Pm	calc
BybitCEX	Polymarket	0.8%	−3.5%	2.1%	2.5%	−2.9%	−4.3%	34d	weak	$12.0M	8h/1hinvite only	By Pm	calc
Extended	RISEx	−12.3%	3.8%	1.3%	5.0%	−1.5%	−2.3%	30d	mixed	$17.5M		Ex Rx	calc
Polymarket	Variational	−3.2%	5.1%	0.5%	0.4%	−1.6%	−2.4%	60d	mixed	$12.0M	1h/8hinvite onlyspread not incl.	Pm Va	calc
Ondo	Extended	0.4%	3.1%	−0.7%	−2.5%	−3.3%	−4.9%	—	weak	$3.7M		On Ex	calc
Variational	Aster	6.5%	6.4%	0.4%	−3.2%	−1.6%	−2.5%	65d	mixed	$643k	spread not incl.	Va As	calc
GateCEX	Aster	13.4%	11.8%	4.3%	0.8%	−1.7%	−2.5%	19d	mixed	$643k		Gt As	calc
Variational	BitgetCEX	0.6%	−2.8%	1.4%	−0.5%	−1.7%	−2.6%	31d	mixed	$120.0M	spread not incl.	Va Bg	calc
Extended	Ondo	−0.4%	−3.1%	0.7%	2.5%	−1.9%	−2.9%	55d	mixed	$3.7M		Ex On	calc
BybitCEX	Aster	4.1%	8.0%	3.0%	−0.3%	−2.0%	−2.9%	23d	mixed	$643k		By As	calc
BinanceCEX	BybitCEX	7.2%	2.6%	1.4%	−0.1%	−4.1%	−6.2%	56d	weak	$4.61B		Bn By	calc
Ondo	RISEx	−11.9%	6.9%	0.7%	1.2%	−2.2%	−3.3%	60d	mixed	$3.7M		On Rx	calc
MEXCCEX	RWA Perp	−2.4%	0.2%	1.3%	2.5%	−2.3%	−3.5%	39d	mixed	$2.2M		Mx Rw	calc
BitgetCEX	Hyperliquid	−3.1%	−1.3%	0.7%	2.2%	−4.8%	−7.1%	106d	weak	$2.79B	8h/1h	Bg Hy	calc
RWA Perp	Polymarket	10.5%	−1.2%	2.3%	0.0%	−2.4%	−3.6%	29d	mixed	$2.2M	8h/1hinvite only	Rw Pm	calc
RISEx	GRVT	11.9%	−2.4%	1.3%	−3.1%	−2.7%	−4.0%	44d	mixed	$17.5M	1h/8h	Rx Gr	calc
Aster	Hyperliquid	−9.0%	−10.4%	1.7%	4.8%	−2.8%	−4.1%	37d	mixed	$643k	8h/1h	As Hy	calc
GRVT	Extended	0.4%	−1.4%	−2.6%	−1.9%	−6.2%	−9.3%	—	weak	$50.5M	8h/1h	Gr Ex	calc
Polymarket	Aster	3.3%	11.5%	0.9%	−2.8%	−3.2%	−4.9%	63d	mixed	$643k	1h/8hinvite only	Pm As	calc
Polymarket	BitgetCEX	−2.6%	2.4%	1.9%	−0.1%	−3.3%	−5.0%	39d	mixed	$12.0M	1h/8hinvite only	Pm Bg	calc
MEXCCEX	BinanceCEX	0.1%	−0.1%	0.2%	0.1%	−3.5%	−5.2%	311d	mixed	$3.62B		Mx Bn	calc
Hyperliquid	Polymarket	5.8%	−1.1%	−2.6%	−2.0%	−7.0%	−10.6%	—	weak	$12.0M	invite only	Hy Pm	calc
RISEx	Ondo	11.9%	−6.9%	−0.7%	−1.2%	−3.5%	−5.3%	—	mixed	$3.7M		Rx On	calc
BitgetCEX	Polymarket	2.6%	−2.4%	−1.9%	0.1%	−7.1%	−10.6%	—	weak	$12.0M	8h/1hinvite only	Bg Pm	calc
BinanceCEX	Nado	−6.7%	−3.1%	0.7%	−0.5%	−3.7%	−5.6%	87d	mixed	$28.2M	8h/1h	Bn Na	calc
Nado	MEXCCEX	6.6%	3.2%	−0.9%	0.4%	−3.7%	−5.6%	—	mixed	$28.2M	1h/8h	Na Mx	calc
Nado	RWA Perp	4.1%	3.4%	0.4%	2.9%	−4.0%	−6.0%	146d	mixed	$2.2M	1h/8h	Na Rw	calc
Nado	BybitCEX	13.9%	5.7%	0.6%	0.4%	−4.0%	−6.1%	102d	mixed	$28.2M	1h/8h	Na By	calc
BinanceCEX	RWA Perp	−2.5%	0.3%	1.1%	2.4%	−4.1%	−6.1%	64d	mixed	$2.2M		Bn Rw	calc
Lighter	Nado	0.9%	−0.8%	−2.3%	−3.3%	−4.1%	−6.2%	—	mixed	$28.2M		Li Na	calc
RISEx	Extended	12.3%	−3.8%	−1.3%	−5.0%	−4.2%	−6.3%	—	mixed	$17.5M		Rx Ex	calc
Lighter	MEXCCEX	7.4%	2.4%	−3.2%	−2.9%	−4.2%	−6.3%	—	mixed	$169.5M	1h/8h	Li Mx	calc
Aster	BitgetCEX	−5.9%	−9.1%	0.9%	2.7%	−4.3%	−6.4%	77d	mixed	$643k		As Bg	calc
Lighter	RWA Perp	5.0%	2.6%	−1.9%	−0.4%	−4.5%	−6.7%	—	mixed	$2.2M	1h/8h	Li Rw	calc
Hyperliquid	Variational	2.5%	4.0%	−2.1%	−1.6%	−4.5%	−6.7%	—	mixed	$120.0M	1h/8hspread not incl.	Hy Va	calc
Lighter	BybitCEX	14.8%	4.9%	−1.6%	−2.9%	−4.5%	−6.8%	—	mixed	$169.5M	1h/8h	Li By	calc
MEXCCEX	GateCEX	−2.0%	−1.3%	0.2%	−1.1%	−4.8%	−7.1%	352d	mixed	$3.62B		Mx Gt	calc
RWA Perp	MEXCCEX	2.4%	−0.2%	−1.3%	−2.5%	−5.0%	−7.4%	—	mixed	$2.2M		Rw Mx	calc
GateCEX	Nado	−4.6%	−1.9%	0.7%	0.7%	−5.1%	−7.6%	118d	mixed	$28.2M	8h/1h	Gt Na	calc
Nado	BinanceCEX	6.7%	3.1%	−0.7%	0.5%	−5.1%	−7.7%	—	mixed	$28.2M	1h/8h	Na Bn	calc
GateCEX	MEXCCEX	2.0%	1.3%	−0.2%	1.1%	−5.2%	−7.7%	—	mixed	$3.62B		Gt Mx	calc
Hyperliquid	Lighter RH	5.1%	4.6%	−2.8%	−2.3%	−5.2%	−7.8%	—	mixed	$17.9M		Hy Lr	calc
BitgetCEX	Lighter RH	2.0%	3.3%	−2.1%	0.2%	−5.2%	−7.9%	—	mixed	$17.9M	8h/1h	Bg Lr	calc
RWA Perp	BybitCEX	9.8%	2.3%	0.2%	−2.5%	−5.3%	−7.9%	352d	mixed	$2.2M		Rw By	calc
GateCEX	RWA Perp	−0.4%	1.5%	1.1%	3.6%	−5.4%	−8.1%	82d	mixed	$2.2M		Gt Rw	calc
Variational	BybitCEX	2.5%	−1.6%	−2.5%	−2.9%	−5.4%	−8.1%	—	mixed	$120.0M	spread not incl.	Va By	calc
GateCEX	BybitCEX	9.3%	3.8%	1.3%	1.1%	−5.5%	−8.2%	72d	mixed	$4.41B		Gt By	calc
Lighter	BinanceCEX	7.5%	2.3%	−3.0%	−2.8%	−5.6%	−8.4%	—	mixed	$169.5M	1h/8h	Li Bn	calc
Hyperliquid	Aster	9.0%	10.4%	−1.7%	−4.8%	−6.1%	−9.2%	—	mixed	$643k	1h/8h	Hy As	calc
BitgetCEX	Aster	5.9%	9.1%	−0.9%	−2.7%	−6.2%	−9.2%	—	mixed	$643k		Bg As	calc
Hyperliquid	BitgetCEX	3.1%	1.3%	−0.7%	−2.2%	−6.2%	−9.3%	—	mixed	$2.79B	1h/8h	Hy Bg	calc
RWA Perp	BinanceCEX	2.5%	−0.3%	−1.1%	−2.4%	−6.4%	−9.5%	—	mixed	$2.2M		Rw Bn	calc
Nado	GateCEX	4.6%	1.9%	−0.7%	−0.7%	−6.4%	−9.6%	—	mixed	$28.2M	1h/8h	Na Gt	calc
BinanceCEX	GateCEX	−2.1%	−1.2%	0.0%	−1.3%	−6.5%	−9.7%	>999d	mixed	$4.41B		Bn Gt	calc
RISEx	Variational	5.4%	−8.8%	−5.0%	−6.0%	−6.5%	−9.8%	—	mixed	$17.5M	1h/8hspread not incl.	Rx Va	calc
GateCEX	BinanceCEX	2.1%	1.2%	0.0%	1.3%	−6.6%	−9.8%	—	mixed	$4.41B		Gt Bn	calc
RISEx	Hyperliquid	2.8%	−12.8%	−2.8%	−4.4%	−6.8%	−10.1%	—	mixed	$17.5M		Rx Hy	calc
Lighter	GateCEX	5.5%	1.1%	−3.0%	−4.1%	−6.9%	−10.3%	—	mixed	$169.5M	1h/8h	Li Gt	calc
RISEx	Lighter RH	7.9%	−8.2%	−5.7%	−4.5%	−7.2%	−10.9%	—	mixed	$17.5M		Rx Lr	calc
RWA Perp	GateCEX	0.4%	−1.5%	−1.1%	−3.6%	−7.6%	−11.4%	—	mixed	$2.2M		Rw Gt	calc
RISEx	Aster	11.9%	−2.4%	−4.5%	−9.2%	−8.2%	−12.2%	—	mixed	$643k	1h/8h	Rx As	calc
RISEx	BitgetCEX	6.0%	−11.6%	−3.6%	−6.5%	−8.3%	−12.4%	—	mixed	$17.5M	1h/8h	Rx Bg	calc
RISEx	Polymarket	8.6%	−13.9%	−5.4%	−6.4%	−9.1%	−13.6%	—	mixed	$12.0M	invite only	Rx Pm	calc
Hyperliquid	BybitCEX	5.0%	2.4%	−4.7%	−4.6%	−9.9%	−14.8%	—	mixed	$3.20B	1h/8h	Hy By	calc
BitgetCEX	BybitCEX	1.9%	1.1%	−3.9%	−2.4%	−9.9%	−14.9%	—	mixed	$2.79B		Bg By	calc
RISEx	MEXCCEX	0.5%	−12.9%	−9.0%	−8.9%	−11.6%	−17.5%	—	mixed	$17.5M	1h/8h	Rx Mx	calc
RISEx	BybitCEX	7.8%	−10.4%	−7.5%	−8.9%	−11.9%	−17.9%	—	mixed	$17.5M	1h/8h	Rx By	calc
RISEx	BinanceCEX	0.6%	−13.0%	−8.9%	−8.8%	−13.0%	−19.6%	—	mixed	$17.5M	1h/8h	Rx Bn	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 03:10 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.

No two venues give a usable spread right now.

BTC: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	MEXC83,668
MEXC83,668	—

All quotes (17)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
MEXCCEX	83,668	83,668	mark	8m	$1.79B	no FX
Aster	83,717.3	83,717.3	mark	13m	$773k	staleno FX
BinanceCEX	83,692.6	83,692.6	mark	13m	$5.95B	staleno FX
BitgetCEX	83,698	83,698	mark	13m	$1.21B	staleno FX
BybitCEX	83,695	83,695	mark	13m	$2.34B	staleno FX
Extended	83,594.2	83,594.2	mark	13m	$78.0M	stale
GateCEX	83,692.1	83,692.1	mark	13m	$2.41B	staleno FX
GRVT	83,700.3	83,700.3	mark	13m	$191.5M	staleno FX
Hyperliquid	83,692	83,692	mark	13m	$1.38B	stale
Lighter	83,820.1	83,820.1	mark	13m	$592.1M	stale
Nado	83,718.8	83,718.8	mark	13m	$97.3M	staleno FX
Ondo	83,592.5	83,592.5	mark	13m	$10.7M	stale
Polymarket	83,649	83,649	mark	13m	$1.9M	stale
Lighter RH	83,727.7	83,727.7	mark	13m	$55.1M	stale
RISEx	83,632.1	83,632.1	mark	13m	$30.4M	stale
RWA Perp	83,604.2	83,604.2	mark	13m	$7.8M	stale
Variational	83,624.3	83,624.3	mark	13m	$491.8M	stale

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

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