BTW funding rates

BTW perpetual funding across 7 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 08:06 UTC · refreshed every 5 min

Best pair · 7d: 15.0%long Aster, short Extended · net 11.6%
Highest funding now: 10.9%BitgetCEX
Lowest funding now: −91.3%GateCEX
Listed on: 7 venues

Funding by venue

													Open
BitgetCEX	BTWUSDT	10.9%	10.9%	11.3%	21.5%	11.4%	100%	4h	12:00	1.72	$50.3M	$5.5M	BgBitget
MEXCCEX	BTW_USDT	7.2%	8.3%	16.9%	65.4%	18.3%	98%	4h	12:00	1.72	$17.3M	$11.1M	MxMEXC
Extended	BTW-USD	7.0%	7.8%	18.3%	66.0%	20.0%	97%	1h	09:00	1.72	$96k	$23k	ExExtended
BinanceCEX	BTWUSDT	6.4%	8.2%	16.9%	55.2%	18.3%	97%	4h	12:00	1.72	$137.9M	$100.2M	BnBinance
Aster	BTWUSDT	−32.2%	−19.5%	3.2%	28.5%	7.0%	74%	4h	12:00	1.72	$1.7M	$552k	AsAster
BybitCEX	BTWUSDT	−36.2%	9.9%	15.0%	74.8%	15.9%	99%	4h	12:00	1.72	$26.7M	$18.4M	ByBybit
GateCEX	BTW_USDT	−91.3%	−11.8%	4.7%	49.4%	7.5%	82%	4h	12:00	1.72	$46.4M	$15.4M	GtGate

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
Aster	Extended	39.2%	27.3%	15.0%	37.5%	11.6%	17.4%	3.2d	steady	$96k	4h/1h	As Ex	calc
Aster	MEXCCEX	39.5%	27.9%	13.7%	36.9%	10.5%	15.8%	3.2d	steady	$1.7M		As Mx	calc
Aster	BinanceCEX	38.7%	27.8%	13.6%	29.4%	8.9%	13.4%	4.8d	steady	$1.7M		As Bn	calc
GateCEX	Extended	98.3%	19.6%	13.5%	16.6%	8.3%	12.5%	5.4d	steady	$96k	4h/1h	Gt Ex	calc
GateCEX	MEXCCEX	98.6%	20.1%	12.2%	16.0%	7.2%	10.8%	5.7d	steady	$17.3M		Gt Mx	calc
GateCEX	BinanceCEX	97.8%	20.0%	12.1%	11.2%	5.6%	8.4%	7.5d	steady	$46.4M		Gt Bn	calc
GateCEX	BybitCEX	55.1%	21.7%	10.3%	25.3%	3.5%	5.3%	9.2d	steady	$26.7M		Gt By	calc
Aster	BybitCEX	−4.0%	29.5%	11.8%	46.3%	6.8%	10.3%	5.9d	spike ×3.3	$1.7M		As By	calc
BitgetCEX	Extended	−3.9%	−3.2%	6.9%	44.6%	2.5%	3.7%	9.0d	cooling	$96k	4h/1h	Bg Ex	calc
Aster	BitgetCEX	43.2%	30.5%	8.1%	−7.0%	2.9%	4.3%	9.0d	spike ×7.0	$1.7M		As Bg	calc
BitgetCEX	MEXCCEX	−3.7%	−2.6%	5.6%	44.0%	1.4%	2.1%	11d	cooling	$17.3M		Bg Mx	calc
BitgetCEX	BinanceCEX	−4.5%	−2.7%	5.5%	34.9%	−0.2%	−0.3%	15d	cooling	$50.3M		Bg Bn	calc
GateCEX	BitgetCEX	102%	22.7%	6.6%	−28.0%	−0.4%	−0.6%	15d	spike ×5.8	$46.4M		Gt Bg	calc
BybitCEX	Extended	43.2%	−2.2%	3.2%	−8.8%	−1.0%	−1.4%	18d	weak	$96k	4h/1h	By Ex	calc
MEXCCEX	Extended	−0.2%	−0.6%	1.4%	0.6%	−1.0%	−1.5%	24d	weak	$96k	4h/1h	Mx Ex	calc
BybitCEX	MEXCCEX	43.4%	−1.6%	1.9%	−9.4%	−2.1%	−3.1%	29d	weak	$17.3M		By Mx	calc
BitgetCEX	BybitCEX	−47.2%	−1.0%	3.7%	53.3%	−2.3%	−3.4%	23d	weak	$26.7M		Bg By	calc
BinanceCEX	Extended	0.6%	−0.5%	1.4%	0.9%	−2.5%	−3.8%	40d	weak	$96k	4h/1h	Bn Ex	calc
BinanceCEX	MEXCCEX	0.8%	0.1%	0.0%	−0.1%	−3.6%	−5.4%	>999d	weak	$17.3M		Bn Mx	calc
BybitCEX	BinanceCEX	42.6%	−1.7%	1.8%	−23.6%	−3.6%	−5.5%	42d	weak	$26.7M		By Bn	calc
Aster	GateCEX	−59.1%	7.7%	1.5%	21.0%	−4.5%	−6.8%	57d	weak	$1.7M		As Gt	calc
Extended	MEXCCEX	0.2%	0.6%	−1.4%	−0.6%	−3.7%	−5.6%	—	mixed	$96k	1h/4h	Ex Mx	calc
GateCEX	Aster	59.1%	−7.7%	−1.5%	−21.0%	−7.5%	−11.2%	—	weak	$1.7M		Gt As	calc
BybitCEX	BitgetCEX	47.2%	1.0%	−3.7%	−53.3%	−9.7%	−14.5%	—	weak	$26.7M		By Bg	calc
MEXCCEX	BitgetCEX	3.7%	2.6%	−5.6%	−44.0%	−9.7%	−14.6%	—	weak	$17.3M		Mx Bg	calc
BinanceCEX	BitgetCEX	4.5%	2.7%	−5.5%	−34.9%	−11.3%	−16.9%	—	mixed	$50.3M		Bn Bg	calc
Extended	BitgetCEX	3.9%	3.2%	−6.9%	−44.6%	−11.3%	−17.0%	—	mixed	$96k	1h/4h	Ex Bg	calc
BybitCEX	Aster	4.0%	−29.5%	−11.8%	−46.3%	−16.7%	−25.1%	—	mixed	$1.7M		By As	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 08:06 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 Extended at 1.72063, sell on Binance at 1.72257: 0.113% before fees, −0.037% after taker fees.

BTW: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Binance1.72257	MEXC1.7225	Gate1.7221	Bitget1.7219	Aster1.72177	Bybit1.72136	Extended1.72063
Extended1.72063	0.113%	0.109%	0.085%	0.074%	0.066%	0.043%	—
Bybit1.72136	0.070%	0.066%	0.043%	0.031%	0.024%	—	−0.043%
Aster1.72177	0.047%	0.043%	0.019%	0.008%	—	−0.024%	−0.066%
Bitget1.7219	0.039%	0.035%	0.011%	—	−0.008%	−0.031%	−0.074%
Gate1.7221	0.027%	0.023%	—	−0.011%	−0.019%	−0.043%	−0.085%
MEXC1.7225	0.004%	—	−0.023%	−0.035%	−0.043%	−0.066%	−0.109%
Binance1.72257	—	−0.004%	−0.027%	−0.039%	−0.047%	−0.070%	−0.113%

All quotes (7)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	1.72177	1.72177	mark	4m	$552k	no FX
BinanceCEX	1.72257	1.72257	mark	3m	$100.2M	no FX
BitgetCEX	1.7219	1.7219	mark	3m	$5.5M	no FX
BybitCEX	1.72136	1.72136	mark	3m	$18.4M	no FX
Extended	1.72063	1.72063	mark	4m	$23k
GateCEX	1.7221	1.7221	mark	3m	$15.4M	no FX
MEXCCEX	1.7225	1.7225	mark	4m	$11.1M	no FX

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

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