CBRS funding rates

CBRS perpetual funding across 9 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
9.2%long Gate, short Bybit · net 2.5%
Highest funding now
40.9%Aster
Lowest funding now
0.0%BitgetCEX
Listed on
9 venues

Funding by venue

7d chartFlagsOpen
AsterCBRSUSDT40.9%6.0%8.7%7.1%9.2%32%8h08:00143.75$94k$267kTradFiAsAster
LighterCBRS24.5%7.7%11.6%8.1%12.3%98%1h08:00144.15$145k$2.1MTradFiLiLighter
BybitCEXCBRSUSDT17.2%4.6%12.3%10.1%13.6%57%8h08:00143.78$3.0M$5.5MTradFiByBybit
GRVTCBRS_USDT_Perp12.2%1.8%6.7%12.2%7.6%42%8h08:00143.77$1k$133kTradFiGrGRVT
PolymarketCBRS-USD11.3%21.7%32.3%9.1%34.0%99%1h08:00143.72$152k$160kTradFiPmPolymarket
RWA PerpPERP_CBRS_USDC_mythos10.9%11.1%11.0%10.6%11.0%100%8h08:00143.55$1k$2kTradFiRwRWA Perp
VariationalCBRS3.2%4.9%3.8%8.3%3.6%35%8h—143.57$316k$574kTradFiVaVariational
BitgetCEXCBRSUSDT0.0%0.4%10.1%8.4%11.7%48%8h08:00143.86$7.4M$6.9MTradFiBgBitget
GateCEXCBRS_USDT0.0%0.0%3.1%7.1%3.6%33%8h08:00143.80$4.8M$11.0MTradFiGtGate

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
VariationalPolymarket8.1%16.9%28.5%−0.1%26.4%39.7%1.0dsteady$152k8h/1hTradFiinvite onlyspread not incl.VaPmcalc
GateCEXPolymarket11.3%21.7%29.2%1.6%23.2%34.8%2.9dsteady$152k8h/1hTradFiinvite onlyGtPmcalc
AsterPolymarket−29.6%15.8%23.6%1.0%19.4%29.1%2.5dcooling$94k8h/1hTradFiinvite onlyAsPmcalc
LighterPolymarket−13.2%14.0%20.6%0.0%18.6%27.8%1.4dcooling$145kTradFiinvite onlyLiPmcalc
BitgetCEXPolymarket11.3%21.3%22.2%−0.4%17.0%25.5%3.3dsteady$152k8h/1hTradFiinvite onlyBgPmcalc
BybitCEXPolymarket−5.9%17.2%19.9%−1.9%15.0%22.5%3.5dcooling$152k8h/1hTradFiinvite onlyByPmcalc
GRVTPolymarket−0.8%19.9%25.6%−3.0%21.1%31.7%2.4dcooling$1klow OI8h/1hTradFiinvite onlyGrPmcalc
VariationalLighter21.3%2.9%7.9%−0.2%7.9%11.8%<0.1dsteady$145k8h/1hTradFispread not incl.VaLicalc
VariationalBybitCEX14.0%−0.3%8.6%1.8%5.7%8.6%4.7dcooling$316kTradFispread not incl.VaBycalc
GateCEXLighter24.5%7.7%8.5%1.0%4.6%6.9%6.4dsteady$145k8h/1hTradFiGtLicalc
VariationalBitgetCEX−3.2%−4.5%6.3%0.1%3.2%4.8%6.9dcooling$316kTradFispread not incl.VaBgcalc
VariationalAster37.7%1.1%4.9%−1.2%2.8%4.3%5.9dsteady$94kTradFispread not incl.VaAscalc
GateCEXBybitCEX17.2%4.6%9.2%3.0%2.5%3.7%10dsteady$3.0MTradFiGtBycalc
GRVTLighter12.4%5.9%4.9%−4.1%2.6%3.8%6.7dweak$1klow OI8h/1hTradFiGrLicalc
AsterLighter−16.4%1.8%2.9%1.0%0.9%1.3%9.9dweak$94k8h/1hTradFiAsLicalc
VariationalGRVT8.9%−3.0%3.0%3.9%0.6%0.9%11dweak$1klow OITradFispread not incl.VaGrcalc
GRVTBybitCEX5.1%2.7%5.6%−2.1%0.4%0.6%13dsteady$1klow OITradFiGrBycalc
GateCEXBitgetCEX0.0%0.4%7.0%1.3%−0.1%−0.1%14dcooling$4.8MTradFiGtBgcalc
GateCEXAster40.9%6.0%5.6%0.0%−0.4%−0.6%15dsteady$94kTradFiGtAscalc
AsterBybitCEX−23.7%−1.4%3.6%3.0%−1.3%−2.0%19dweak$94kTradFiAsBycalc
BitgetCEXLighter24.5%7.3%1.6%−0.3%−1.6%−2.3%28dmixed$145k8h/1hTradFiBgLicalc
GateCEXVariational3.2%4.9%0.7%1.2%−3.3%−4.9%84dweak$316kTradFispread not incl.GtVacalc
BybitCEXLighter7.3%3.2%−0.7%−2.0%−3.6%−5.4%—weak$145k8h/1hTradFiByLicalc
AsterBitgetCEX−40.9%−5.6%1.4%1.3%−3.8%−5.8%53dweak$94kTradFiAsBgcalc
GRVTBitgetCEX−12.2%−1.4%3.3%−3.8%−2.1%−3.2%23dweak$1klow OITradFiGrBgcalc
LighterBybitCEX−7.3%−3.2%0.7%2.0%−2.2%−3.2%57dmixed$145k1h/8hTradFiLiBycalc
GRVTAster28.8%4.1%2.0%−5.1%−2.5%−3.7%32dweak$1klow OITradFiGrAscalc
GateCEXGRVT12.2%1.8%3.6%5.1%−2.6%−3.9%24dweak$1klow OITradFiGtGrcalc
BitgetCEXBybitCEX17.2%4.1%2.3%1.7%−3.7%−5.6%37dmixed$3.0MTradFiBgBycalc
LighterAster16.4%−1.8%−2.9%−1.0%−5.0%−7.5%—mixed$94k1h/8hTradFiLiAscalc
BitgetCEXAster40.9%5.6%−1.4%−1.3%−6.6%−9.9%—mixed$94kTradFiBgAscalc
BybitCEXAster23.7%1.4%−3.6%−3.0%−8.6%−12.9%—mixed$94kTradFiByAscalc
BitgetCEXVariational3.2%4.5%−6.3%−0.1%−9.4%−14.2%—mixed$316kTradFispread not incl.BgVacalc
BitgetCEXGRVT12.2%1.4%−3.3%3.8%−8.8%−13.2%—mixed$1klow OITradFiBgGrcalc
PolymarketLighter13.2%−14.0%−20.6%0.0%−22.7%−34.1%—mixed$145kTradFiinvite onlyPmLicalc
PolymarketBybitCEX5.9%−17.2%−19.9%1.9%−24.9%−37.3%—mixed$152k1h/8hTradFiinvite onlyPmBycalc
PolymarketAster29.6%−15.8%−23.6%−1.0%−27.8%−41.6%—mixed$94k1h/8hTradFiinvite onlyPmAscalc
PolymarketGRVT0.8%−19.9%−25.6%3.0%−30.0%−45.0%—mixed$1klow OI1h/8hTradFiinvite onlyPmGrcalc
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
New: less than a week of shared history, or under 4 days of it in the prior week: stability cannot be judged yet, and the score is lowered.
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.
incomplete
Incomplete history (a gap in a venue's data): N of the last 168 hours on both venues. Never steady, ranked lower.
≠ 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.

Quotes as of 07:20:55 UTC

CBRS · TradFi

No two venues give a usable spread right now. 24h max: 0.776%.

CBRS: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Bitget143.861Lighter143.85Binance143.831Gate143.831Polymarket143.82MEXC143.811Bybit143.791Aster143.781Variational143.762GRVT143.751Ondo143.72RWA Perp143.71
GRVT143.8210.028%0.020%0.007%0.007%−0.001%−0.007%−0.021%−0.028%−0.041%−0.049%−0.070%−0.077%
Binance143.8410.014%0.006%−0.007%−0.007%−0.015%−0.021%−0.035%−0.042%−0.055%−0.063%−0.084%−0.091%
Bybit143.8410.014%0.006%−0.007%−0.007%−0.015%−0.021%−0.035%−0.042%−0.055%−0.063%−0.084%−0.091%
MEXC143.8410.014%0.006%−0.007%−0.007%−0.015%−0.021%−0.035%−0.042%−0.055%−0.063%−0.084%−0.091%
Ondo143.850.008%0.000%−0.013%−0.013%−0.021%−0.027%−0.041%−0.048%−0.061%−0.069%−0.090%−0.097%
Lighter143.860.001%−0.007%−0.020%−0.020%−0.028%−0.034%−0.048%−0.055%−0.068%−0.076%−0.097%−0.104%
Variational143.866−0.004%−0.011%−0.024%−0.024%−0.032%−0.038%−0.052%−0.059%−0.072%−0.080%−0.102%−0.108%
Bitget143.871−0.007%−0.015%−0.028%−0.028%−0.035%−0.042%−0.056%−0.063%−0.076%−0.083%−0.105%−0.112%
Gate143.931−0.049%−0.056%−0.069%−0.069%−0.077%−0.083%−0.097%−0.104%−0.117%−0.125%−0.147%−0.154%
Aster143.941−0.056%−0.063%−0.076%−0.076%−0.084%−0.090%−0.104%−0.111%−0.124%−0.132%−0.154%−0.161%
Polymarket143.95−0.062%−0.069%−0.083%−0.083%−0.090%−0.097%−0.110%−0.117%−0.131%−0.138%−0.160%−0.167%
RWA Perp143.97−0.076%−0.083%−0.097%−0.097%−0.104%−0.110%−0.124%−0.131%−0.145%−0.152%−0.174%−0.181%
All quotes (12)
VenueBidAskSourceAgeVol 24hFlags
Aster143.781143.941book23s$267kclosed
BinanceCEX143.831143.841book23s$91.1Mclosed
BitgetCEX143.861143.871book23s$6.8Mclosed
BybitCEX143.791143.841book24s$5.5Mclosed
GateCEX143.831143.931book24s$11.0Mclosed
GRVT143.751143.821book23s$132kclosed
Lighter143.85143.86book24s$2.1Mclosed
MEXCCEX143.811143.841book26s$768kclosedno size
Ondo143.72143.85book22s$1.1Mclosedno size
Polymarket143.82143.95book23s$160kclosed
RWA Perp143.71143.97book23s$2kclosed
Variational143.762143.866book2m$574kclosedRFQ

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

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