CC funding rates

CC perpetual funding across 10 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
8.3%long Bybit, short Lighter · net 5.5%
Highest funding now
60.4%Lighter
Lowest funding now
10.9%Hyperliquid
Listed on
10 venues

Funding by venue

7d chartFlagsOpen
LighterCC60.4%26.7%15.6%26.0%13.8%99%1h05:000.1264$269k$202kTradFiLiLighter
GRVTCC_USDT_Perp26.1%13.5%12.4%10.8%12.3%100%4h08:000.127$92k$252kTradFiGrGRVT
HyperliquidCC10.9%16.3%12.9%15.8%12.3%99%1h—0.1269$7.1M$1.9MTradFiHyHyperliquid
AsterCCUSDT10.9%10.9%10.7%8.7%10.7%100%4h08:000.1269$50k$15kTradFiAsAster
BinanceCEXCCUSDT10.9%10.9%10.9%8.5%10.9%100%4h08:000.1269$10.7M$7.8MTradFiBnBinance
BybitCEXCCUSDT10.9%8.6%7.3%5.4%7.1%86%4h08:000.1268$18.4M$2.8MTradFiByBybit
BitgetCEXCCUSDT10.9%10.9%10.9%10.0%10.9%100%4h08:000.127$1.1M$638kTradFiBgBitget
GateCEXCC_USDT10.9%10.9%10.2%8.1%10.1%98%4h08:000.1268$333k$125kTradFiGtGate
MEXCCEXCC_USDT10.9%8.7%7.3%5.3%7.1%86%4h08:000.1269$2.1M$563kTradFiMxMEXC
VariationalCC10.9%10.9%10.9%10.2%10.9%100%4h—0.1261$213k$34kTradFiVaVariational

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
MEXCCEXLighter49.5%18.0%8.3%20.6%7.3%10.9%1.8dsteady$269k4h/1hTradFiMxLicalc
BybitCEXLighter49.5%18.1%8.3%20.6%5.5%8.2%4.8dsteady$269k4h/1hTradFiByLicalc
MEXCCEXVariational0.0%2.3%3.7%4.9%2.6%3.9%4.0dweak$213kTradFispread not incl.MxVacalc
MEXCCEXHyperliquid0.0%7.6%5.6%10.5%2.2%3.3%8.5dcooling$2.1M4h/1hTradFiMxHycalc
MEXCCEXGRVT15.1%4.8%5.1%5.5%1.8%2.6%9.2dsteady$92kTradFiMxGrcalc
VariationalLighter49.5%15.7%4.7%15.7%4.7%7.0%<0.1dspike ×5.6$213k4h/1hTradFispread not incl.VaLicalc
BybitCEXVariational0.0%2.3%3.7%4.9%0.8%1.2%11dweak$213kTradFispread not incl.ByVacalc
BinanceCEXLighter49.5%15.7%4.7%19.3%2.1%3.1%7.8dspike ×5.6$269k4h/1hTradFiBnLicalc
BybitCEXHyperliquid0.0%7.7%5.6%10.5%0.4%0.6%13dcooling$7.1M4h/1hTradFiByHycalc
GRVTLighter34.4%13.2%3.2%15.1%0.8%1.2%10dmixed$92k4h/1hTradFiGrLicalc
BitgetCEXLighter49.5%15.7%4.7%16.0%1.5%2.3%9.4dspike ×5.6$269k4h/1hTradFiBgLicalc
GateCEXLighter49.5%15.7%5.4%17.9%1.5%2.3%10dspike ×4.3$269k4h/1hTradFiGtLicalc
AsterLighter49.5%15.7%4.9%17.3%2.8%4.2%6.0dspike ×5.1$50klow OI4h/1hTradFiAsLicalc
HyperliquidLighter49.5%10.4%2.7%10.1%0.4%0.5%12dmixed$269kTradFiHyLicalc
MEXCCEXAster0.0%2.3%3.4%3.3%0.3%0.5%13dweak$50klow OITradFiMxAscalc
MEXCCEXBinanceCEX0.0%2.3%3.7%3.5%0.0%0.0%14dweak$2.1MTradFiMxBncalc
BybitCEXGRVT15.1%4.9%5.2%5.5%0.0%−0.1%14dsteady$92kTradFiByGrcalc
VariationalHyperliquid0.0%5.4%2.0%5.6%−0.4%−0.6%17dweak$213k4h/1hTradFispread not incl.VaHycalc
MEXCCEXBitgetCEX0.0%2.3%3.7%4.6%−0.5%−0.8%16dweak$1.1MTradFiMxBgcalc
VariationalGRVT15.1%2.5%1.5%0.6%−0.9%−1.3%22dweak$92kTradFispread not incl.VaGrcalc
BybitCEXBinanceCEX0.0%2.3%3.7%3.5%−1.8%−2.7%21dweak$10.7MTradFiByBncalc
MEXCCEXGateCEX0.0%2.3%2.9%2.7%−2.0%−3.1%24dweak$333kTradFiMxGtcalc
BybitCEXBitgetCEX0.0%2.3%3.7%4.6%−2.3%−3.5%23dweak$1.1MTradFiByBgcalc
BybitCEXAster0.0%2.3%3.5%3.3%−1.5%−2.2%20dweak$50klow OITradFiByAscalc
BinanceCEXHyperliquid0.0%5.4%2.0%7.9%−3.0%−4.5%35dweak$7.1M4h/1hTradFiBnHycalc
GateCEXVariational0.0%0.0%0.7%2.2%−3.2%−4.7%73dweak$213kTradFispread not incl.GtVacalc
BinanceCEXGRVT15.1%2.5%1.5%2.4%−3.5%−5.2%47dweak$92kTradFiBnGrcalc
BitgetCEXHyperliquid0.0%5.4%2.0%5.8%−3.5%−5.3%39dweak$1.1M4h/1hTradFiBgHycalc
GateCEXHyperliquid0.0%5.4%2.7%7.8%−3.6%−5.3%32dweak$333k4h/1hTradFiGtHycalc
AsterVariational0.0%0.0%0.2%1.6%−1.9%−2.8%134dweak$50klow OITradFispread not incl.AsVacalc
BybitCEXGateCEX0.0%2.3%2.9%2.7%−3.8%−5.8%32dweak$333kTradFiByGtcalc
BybitCEXMEXCCEX0.0%0.1%0.0%0.0%−3.9%−5.8%>999dweak$2.1MTradFiByMxcalc
BitgetCEXGRVT15.1%2.5%1.5%0.9%−4.0%−6.0%51dweak$92kTradFiBgGrcalc
GateCEXGRVT15.1%2.5%2.2%2.8%−4.0%−6.0%39dweak$92kTradFiGtGrcalc
GRVTHyperliquid−15.1%2.8%0.5%5.0%−4.2%−6.3%141dweak$92k4h/1hTradFiGrHycalc
AsterHyperliquid0.0%5.4%2.2%7.2%−2.3%−3.4%29dweak$50klow OI4h/1hTradFiAsHycalc
HyperliquidGRVT15.1%−2.8%−0.5%−5.0%−5.2%−7.7%—weak$92k1h/4hTradFiHyGrcalc
AsterGRVT15.1%2.5%1.7%2.2%−2.7%−4.1%36dweak$50klow OITradFiAsGrcalc
GateCEXBinanceCEX0.0%0.0%0.7%0.6%−5.8%−8.7%122dweak$333kTradFiGtBncalc
GateCEXBitgetCEX0.0%0.0%0.7%1.9%−6.3%−9.4%132dweak$333kTradFiGtBgcalc
AsterBinanceCEX0.0%0.0%0.2%−0.1%−4.5%−6.7%302dweak$50klow OITradFiAsBncalc
AsterBitgetCEX0.0%0.0%0.2%1.3%−5.0%−7.5%336dweak$50klow OITradFiAsBgcalc
GateCEXAster0.0%0.0%0.5%0.6%−5.5%−8.2%159dweak$50klow OITradFiGtAscalc
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 04:26 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.

CC · TradFi

Indicative (mark or mid prices): buy on Variational at 0.126144, sell on GRVT at 0.12696: 0.645% before fees, 0.555% after taker fees.

CC: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →GRVT0.12696Bitget0.12695Hyperliquid0.12693Binance0.126889MEXC0.12687Aster0.126862Bybit0.12679Gate0.12677Lighter0.126365Variational0.126144
Variational0.1261440.645%0.637%0.621%0.588%0.574%0.568%0.511%0.495%0.175%—
Lighter0.1263650.470%0.462%0.446%0.413%0.399%0.393%0.336%0.320%—−0.175%
Gate0.126770.150%0.142%0.126%0.093%0.079%0.073%0.016%—−0.320%−0.495%
Bybit0.126790.134%0.126%0.110%0.078%0.063%0.057%—−0.016%−0.336%−0.511%
Aster0.1268620.077%0.069%0.053%0.021%0.006%—−0.057%−0.073%−0.393%−0.568%
MEXC0.126870.071%0.063%0.047%0.015%—−0.006%−0.063%−0.079%−0.399%−0.574%
Binance0.1268890.056%0.048%0.033%—−0.015%−0.021%−0.078%−0.093%−0.413%−0.588%
Hyperliquid0.126930.024%0.016%—−0.033%−0.047%−0.053%−0.110%−0.126%−0.446%−0.621%
Bitget0.126950.008%—−0.016%−0.048%−0.063%−0.069%−0.126%−0.142%−0.462%−0.637%
GRVT0.12696—−0.008%−0.024%−0.056%−0.071%−0.077%−0.134%−0.150%−0.470%−0.645%
All quotes (10)
VenueBidAskQualityAgeVol 24hFlags
Aster0.1268620.126862mark8m$15kno FX
BinanceCEX0.1268890.126889mark7m$7.8Mno FX
BitgetCEX0.126950.12695mark7m$638kno FX
BybitCEX0.126790.12679mark7m$2.8Mno FX
GateCEX0.126770.12677mark7m$125kno FX
GRVT0.126960.12696mark8m$252kno FX
Hyperliquid0.126930.12693mark8m$1.9M
Lighter0.1263650.126365mark8m$202k
MEXCCEX0.126870.12687mark8m$563kno FX
Variational0.1261440.126144mark8m$34k

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

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