COIN funding rates

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

· refreshed every 5 min

Best pair · 7d
13.9%long Lighter, short Bybit · net 11.1%
Highest funding now
62.2%GateCEX
Lowest funding now
0.0%Aster
Listed on
10 venues

Funding by venue

7d chartFlagsOpen
GateCEXCOIN_USDT62.2%30.4%14.1%12.5%11.3%36%8h08:00183.17$2.0M$1.6MTradFiGtGate
Lighter RHCOIN48.2%15.3%10.6%5.8%9.9%99%1h04:00183.09$1.1M$1.7MTradFiLrLighter RH
BybitCEXCOINUSDT33.4%19.5%19.3%11.0%19.2%54%8h08:00183.26$7.5M$704kTradFiByBybit
LighterCOIN17.5%10.8%5.3%4.7%4.4%98%1h04:00182.86$744k$907kTradFiLiLighter
RWA PerpPERP_COIN_USDC_mythos10.9%10.8%11.5%10.9%11.6%100%8h08:00183.28$14k$990TradFiRwRWA Perp
PolymarketCOIN-USD5.5%3.7%6.4%5.1%6.9%96%1h04:00183.03$104k$25kTradFiPmPolymarket
GRVTCOIN_USDT_Perp1.0%0.5%9.6%6.2%11.1%33%8h08:00183.21$23k$711kTradFiGrGRVT
AsterCOINUSDT0.0%0.0%5.4%2.0%6.3%21%8h08:00183.14$426k$11kTradFiAsAster
VariationalCOIN0.0%2.9%6.2%2.5%6.7%33%8h—182.87$680k$521kTradFiVaVariational
BitgetCEXCOINUSDT0.0%0.9%12.1%10.4%14.0%45%8h08:00183.26$5.7M$3.3MTradFiBgBitget

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
VariationalBybitCEX33.4%16.6%13.1%8.5%10.2%15.4%3.1dsteady$680kTradFispread not incl.VaBycalc
AsterBybitCEX33.4%19.5%13.8%9.0%8.9%13.3%5.0dsteady$426kTradFiAsBycalc
LighterBybitCEX15.9%8.7%13.9%6.3%11.1%16.6%2.9dsteady$744k1h/8hTradFiLiBycalc
LighterLighter RH30.7%4.5%5.3%0.6%5.3%7.9%<0.1dsteady$744kTradFiLiLrcalc
VariationalLighter RH48.2%12.4%4.5%2.7%4.5%6.7%<0.1dweak$680k8h/1hTradFispread not incl.VaLrcalc
PolymarketBybitCEX27.9%15.8%12.8%5.9%7.9%11.8%5.4dsteady$104k1h/8hTradFiinvite onlyPmBycalc
Lighter RHBybitCEX−14.8%4.2%8.6%6.2%5.8%8.6%4.7dmixed$1.1M1h/8hTradFiLrBycalc
VariationalBitgetCEX0.0%−2.0%6.0%7.9%2.9%4.3%7.3dcooling$680kTradFispread not incl.VaBgcalc
LighterGateCEX44.7%19.6%8.7%7.8%4.8%7.2%6.3dsteady$744k1h/8hTradFiLiGtcalc
GRVTBybitCEX32.4%19.1%9.7%4.8%4.5%6.7%7.5dsteady$23klow OITradFiGrBycalc
VariationalGateCEX62.2%27.5%7.9%9.9%4.0%6.0%6.9dspike ×6.0$680kTradFispread not incl.VaGtcalc
LighterBitgetCEX−17.5%−9.9%6.8%5.7%3.7%5.5%6.4dmixed$744k1h/8hTradFiLiBgcalc
AsterLighter RH48.2%15.3%5.2%3.3%3.1%4.7%5.6dspike ×4.3$426k8h/1hTradFiAsLrcalc
AsterBitgetCEX0.0%0.9%6.7%8.4%1.5%2.2%11dcooling$426kTradFiAsBgcalc
AsterGateCEX62.2%30.4%8.6%10.4%2.6%3.9%9.7dspike ×6.1$426kTradFiAsGtcalc
PolymarketLighter RH42.7%11.6%4.2%−1.1%2.1%3.2%7.0dmixed$104kTradFiinvite onlyPmLrcalc
BitgetCEXBybitCEX33.4%18.6%7.1%0.6%1.1%1.7%12dspike ×3.6$5.7MTradFiBgBycalc
VariationalGRVT1.0%−2.4%3.4%3.7%1.1%1.6%9.6dweak$23klow OITradFispread not incl.VaGrcalc
LighterGRVT−16.5%−10.3%4.2%1.5%1.9%2.8%7.8dmixed$23klow OI1h/8hTradFiLiGrcalc
LighterVariational−17.5%−7.9%0.8%−2.2%0.8%1.2%<0.1dmixed$680k1h/8hTradFispread not incl.LiVacalc
PolymarketGateCEX56.7%26.7%7.6%7.4%1.6%2.4%11dspike ×6.0$104k1h/8hTradFiinvite onlyPmGtcalc
PolymarketBitgetCEX−5.5%−2.8%5.7%5.4%0.5%0.7%13dmixed$104k1h/8hTradFiinvite onlyPmBgcalc
AsterGRVT1.0%0.5%4.1%4.2%−0.3%−0.4%15dweak$23klow OITradFiAsGrcalc
VariationalLighter17.5%7.9%−0.8%2.2%−0.8%−1.2%—weak$680k8h/1hTradFispread not incl.VaLicalc
LighterPolymarket−12.0%−7.1%1.1%0.4%−1.0%−1.5%26dweak$104kTradFiinvite onlyLiPmcalc
AsterVariational0.0%2.9%0.7%0.5%−1.4%−2.0%40dweak$426kTradFispread not incl.AsVacalc
GateCEXBybitCEX−28.8%−10.9%5.2%−1.4%−1.6%−2.4%18dcooling$2.0MTradFiGtBycalc
VariationalPolymarket5.5%0.8%0.3%2.6%−1.8%−2.7%103dweak$104k8h/1hTradFiinvite onlyspread not incl.VaPmcalc
Lighter RHGateCEX14.0%15.1%3.4%7.4%−0.5%−0.7%16dspike ×10.3$1.1M1h/8hTradFiLrGtcalc
AsterLighter17.5%10.8%−0.1%2.7%−2.2%−3.3%—weak$426k8h/1hTradFiAsLicalc
GRVTLighter RH47.2%14.8%1.1%−1.2%−1.3%−1.9%31dweak$23klow OI8h/1hTradFiGrLrcalc
AsterPolymarket5.5%3.7%1.0%3.1%−3.2%−4.7%58dweak$104k8h/1hTradFiinvite onlyAsPmcalc
Lighter RHBitgetCEX−48.2%−14.4%1.5%6.9%−1.6%−2.4%29dmixed$1.1M1h/8hTradFiLrBgcalc
LighterAster−17.5%−10.8%0.1%−2.7%−2.0%−3.0%293dmixed$426k1h/8hTradFiLiAscalc
BitgetCEXLighter RH48.2%14.4%−1.5%−6.9%−4.6%−7.0%—weak$1.1M8h/1hTradFiBgLrcalc
PolymarketGRVT−4.5%−3.3%3.1%1.1%−1.3%−2.0%20dmixed$23klow OI1h/8hTradFiinvite onlyPmGrcalc
GRVTBitgetCEX−1.0%0.4%2.6%4.2%−2.9%−4.4%30dweak$23klow OITradFiGrBgcalc
PolymarketLighter12.0%7.1%−1.1%−0.4%−3.2%−4.8%—mixed$104kTradFiinvite onlyPmLicalc
GRVTGateCEX61.2%29.9%4.5%6.2%−1.8%−2.7%20dspike ×124.5$23klow OITradFiGrGtcalc
BitgetCEXLighter17.5%9.9%−6.8%−5.7%−9.9%−14.9%—weak$744k8h/1hTradFiBgLicalc
BitgetCEXPolymarket5.5%2.8%−5.7%−5.4%−10.9%−16.4%—weak$104k8h/1hTradFiinvite onlyBgPmcalc
GRVTLighter16.5%10.3%−4.2%−1.5%−6.6%−9.9%—weak$23klow OI8h/1hTradFiGrLicalc
GRVTPolymarket4.5%3.3%−3.1%−1.1%−7.6%−11.3%—weak$23klow OI8h/1hTradFiinvite onlyGrPmcalc
BitgetCEXGateCEX62.2%29.5%1.9%2.0%−5.1%−7.7%52dspike$2.0MTradFiBgGtcalc
BybitCEXLighter RH14.8%−4.2%−8.6%−6.2%−11.5%−17.2%—mixed$1.1M8h/1hTradFiByLrcalc
BybitCEXGateCEX28.8%10.9%−5.2%1.4%−12.0%−18.0%—mixed$2.0MTradFiByGtcalc
BitgetCEXGRVT1.0%−0.4%−2.6%−4.2%−8.0%−12.1%—mixed$23klow OITradFiBgGrcalc
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.

COIN · TradFi

No two venues give a usable spread right now.

COIN: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →RWA Perp183.28Bitget183.26Bybit183.26GRVT183.21Gate183.17Aster183.137Lighter RH183.095Polymarket183.03Variational182.87Lighter182.856
Lighter182.8560.231%0.220%0.220%0.193%0.171%0.153%0.130%0.095%0.008%—
Variational182.870.224%0.213%0.213%0.186%0.164%0.146%0.123%0.087%—−0.008%
Polymarket183.030.136%0.126%0.126%0.098%0.076%0.058%0.036%—−0.087%−0.095%
Lighter RH183.0950.101%0.090%0.090%0.063%0.041%0.023%—−0.036%−0.123%−0.130%
Aster183.1370.078%0.067%0.067%0.040%0.018%—−0.023%−0.058%−0.146%−0.153%
Gate183.170.060%0.049%0.049%0.022%—−0.018%−0.041%−0.076%−0.164%−0.171%
GRVT183.210.038%0.027%0.027%—−0.022%−0.040%−0.063%−0.098%−0.186%−0.193%
Bitget183.260.011%—0.000%−0.027%−0.049%−0.067%−0.090%−0.126%−0.213%−0.220%
Bybit183.260.011%0.000%—−0.027%−0.049%−0.067%−0.090%−0.126%−0.213%−0.220%
RWA Perp183.28—−0.011%−0.011%−0.038%−0.060%−0.078%−0.101%−0.136%−0.224%−0.231%
All quotes (10)
VenueBidAskQualityAgeVol 24hFlags
Aster183.137183.137mark8m$11kclosedno FX
BitgetCEX183.26183.26mark8m$3.3Mclosedno FX
BybitCEX183.26183.26mark8m$704kclosedno FX
GateCEX183.17183.17mark8m$1.6Mclosedno FX
GRVT183.21183.21mark8m$711kclosedno FX
Lighter182.856182.856mark8m$907kclosed
Polymarket183.03183.03mark8m$25kclosed
Lighter RH183.095183.095mark8m$1.7Mclosed
RWA Perp183.28183.28mark8m$990closed
Variational182.87182.87mark8m$521kclosed

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

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