CRWV funding rates

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

· refreshed every 5 min

Best pair · 7d
8.9%long Aster, short Bybit · net 4.0%
Highest funding now
37.3%Polymarket
Lowest funding now
0.0%Aster
Listed on
10 venues

Funding by venue

7d chartFlagsOpen
PolymarketCRWV-USD37.3%19.4%12.4%7.9%11.3%98%1h08:0082.79$47k$198kTradFiPmPolymarket
BybitCEXCRWVUSDT34.7%23.9%8.9%6.7%6.4%52%8h08:0082.87$2.1M$96kTradFiByBybit
Lighter RHCRWV27.2%5.8%5.0%3.9%4.9%100%1h08:0082.94$591k$505kTradFiLrLighter RH
GateCEXCRWV_USDT16.6%3.9%6.4%6.7%6.8%46%8h08:0082.92$3.3M$726kTradFiGtGate
GRVTCRWV_USDT_Perp13.7%3.4%6.7%2.6%7.3%38%8h08:0082.90$2k$178kTradFiGrGRVT
ExtendedCRWV-USD12.3%1.7%6.9%2.0%7.7%39%1h08:0082.78$9k$165kTradFiExExtended
VariationalCRWV5.0%0.7%4.6%1.1%5.3%33%8h—82.83$233k$120kTradFiVaVariational
LighterCRWV3.5%3.5%3.5%7.4%3.5%100%1h08:0082.86$315k$64kTradFiLiLighter
AsterCRWVUSDT0.0%0.0%0.0%0.0%0.0%0%8h08:0082.77$23k$361TradFiAsAster
BitgetCEXCRWVUSDT0.0%0.0%6.2%1.3%7.2%33%8h08:0082.94$1.7M$582kTradFiBgBitget

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
AsterPolymarket37.3%19.4%12.4%7.9%8.3%12.4%4.7dsteady$23klow OI8h/1hTradFiinvite onlyAsPmcalc
LighterPolymarket33.8%15.9%8.9%0.4%6.9%10.3%3.3dsteady$47klow OITradFiinvite onlyLiPmcalc
Lighter RHPolymarket10.2%13.6%7.4%5.5%5.3%8.0%3.9dsteady$47klow OITradFiinvite onlyLrPmcalc
AsterExtended12.3%1.7%6.9%2.0%3.5%5.2%6.9dsteady$9klow OI8h/1hTradFiAsExcalc
LighterLighter RH23.7%2.3%1.5%−4.9%1.5%2.3%<0.1dweak$315kTradFiLiLrcalc
AsterLighter RH27.2%5.8%5.0%3.9%2.9%4.4%5.8dweak$23klow OI8h/1hTradFiAsLrcalc
VariationalPolymarket32.4%18.7%7.8%6.8%5.7%8.6%3.7dspike ×3.1$47klow OI8h/1hTradFiinvite onlyspread not incl.VaPmcalc
AsterVariational5.0%0.7%4.6%1.1%2.5%3.8%6.3dsteady$23klow OITradFispread not incl.AsVacalc
AsterGRVT13.7%3.4%6.7%2.6%2.3%3.5%9.2dsteady$2klow OITradFiAsGrcalc
AsterBybitCEX34.7%23.9%8.9%6.7%4.0%5.9%7.8dspike ×3.7$23klow OITradFiAsBycalc
AsterLighter3.5%3.5%3.5%7.4%1.4%2.1%8.3dweak$23klow OI8h/1hTradFiAsLicalc
VariationalBybitCEX29.7%23.3%4.3%5.7%1.4%2.1%9.4dspike ×20.8$233kTradFispread not incl.VaBycalc
LighterBybitCEX31.1%20.4%5.4%−0.7%2.5%3.8%7.4dspike ×7.0$315k1h/8hTradFiLiBycalc
LighterVariational1.5%−2.9%1.1%−6.4%1.1%1.7%<0.1dmixed$233k1h/8hTradFispread not incl.LiVacalc
ExtendedPolymarket25.1%17.7%5.6%5.9%2.2%3.3%8.5dspike ×5.0$9klow OITradFiinvite onlyExPmcalc
LighterExtended8.8%−1.8%3.4%−5.5%2.0%3.1%5.4dmixed$9klow OITradFiLiExcalc
AsterBitgetCEX0.0%0.0%6.2%1.3%0.9%1.4%12dcooling$23klow OITradFiAsBgcalc
VariationalExtended7.3%1.0%2.2%0.9%0.9%1.4%8.2dweak$9klow OI8h/1hTradFispread not incl.VaExcalc
VariationalLighter RH22.2%5.2%0.4%1.4%0.4%0.6%<0.1dweak$233k8h/1hTradFispread not incl.VaLrcalc
GRVTPolymarket23.6%16.0%5.7%5.3%1.3%1.9%11dspike ×4.0$2klow OI8h/1hTradFiinvite onlyGrPmcalc
BitgetCEXPolymarket37.3%19.4%6.3%6.6%1.1%1.6%12dspike ×4.7$47klow OI8h/1hTradFiinvite onlyBgPmcalc
Lighter RHBybitCEX7.5%18.1%3.9%4.8%1.0%1.5%10dspike ×11.9$591k1h/8hTradFiLrBycalc
LighterGRVT10.2%−0.1%3.2%−4.8%0.9%1.3%10dmixed$2klow OI1h/8hTradFiLiGrcalc
AsterGateCEX16.6%3.9%6.4%6.7%0.4%0.6%13dsteady$23klow OITradFiAsGtcalc
Lighter RHExtended−14.9%−4.1%1.8%−0.3%0.5%0.8%10.0dmixed$9klow OITradFiLrExcalc
GateCEXPolymarket20.7%15.5%6.0%1.1%0.0%0.0%14dspike ×3.5$47klow OI8h/1hTradFiinvite onlyGtPmcalc
VariationalGRVT8.7%2.8%2.1%1.5%−0.2%−0.3%16dweak$2klow OITradFispread not incl.VaGrcalc
LighterBitgetCEX−3.5%−3.5%2.6%−6.2%−0.5%−0.7%17dmixed$315k1h/8hTradFiLiBgcalc
VariationalBitgetCEX−5.0%−0.7%1.5%0.2%−1.6%−2.4%29dweak$233kTradFispread not incl.VaBgcalc
LighterGateCEX13.1%0.3%2.9%−0.7%−1.0%−1.5%19dmixed$315k1h/8hTradFiLiGtcalc
VariationalGateCEX11.7%3.2%1.8%5.7%−2.1%−3.2%31dweak$233kTradFispread not incl.VaGtcalc
Lighter RHGRVT−13.5%−2.4%1.7%0.0%−0.6%−0.9%19dmixed$2klow OI1h/8hTradFiLrGrcalc
BybitCEXPolymarket2.7%−4.5%3.5%1.1%−1.4%−2.1%20dweak$47klow OI8h/1hTradFiinvite onlyByPmcalc
Lighter RHBitgetCEX−27.2%−5.8%1.1%−1.6%−2.0%−3.0%39dmixed$591k1h/8hTradFiLrBgcalc
BitgetCEXLighter RH27.2%5.8%−1.1%1.6%−4.3%−6.4%—weak$591k8h/1hTradFiBgLrcalc
BitgetCEXVariational5.0%0.7%−1.5%−0.2%−4.7%−7.0%—weak$233kTradFispread not incl.BgVacalc
Lighter RHGateCEX−10.5%−2.0%1.4%4.3%−2.5%−3.8%39dmixed$591k1h/8hTradFiLrGtcalc
GateCEXLighter RH10.5%2.0%−1.4%−4.3%−5.3%−8.0%—weak$591k8h/1hTradFiGtLrcalc
BitgetCEXLighter3.5%3.5%−2.6%6.2%−5.8%−8.7%—weak$315k8h/1hTradFiBgLicalc
ExtendedLighter RH14.9%4.1%−1.8%0.3%−3.1%−4.7%—weak$9klow OITradFiExLrcalc
BitgetCEXBybitCEX34.7%23.9%2.8%5.4%−3.2%−4.9%30dspike$1.7MTradFiBgBycalc
BitgetCEXGateCEX16.6%3.9%0.3%5.5%−6.8%−10.2%367dweak$1.7MTradFiBgGtcalc
GRVTExtended−1.4%−1.8%0.1%−0.6%−3.5%−5.3%450dweak$2klow OI8h/1hTradFiGrExcalc
BitgetCEXExtended12.3%1.7%0.7%0.7%−3.7%−5.6%88dweak$9klow OI8h/1hTradFiBgExcalc
ExtendedGRVT1.4%1.8%−0.1%0.6%−3.8%−5.6%—weak$2klow OI1h/8hTradFiExGrcalc
GRVTLighter RH13.5%2.4%−1.7%0.0%−4.1%−6.1%—weak$2klow OI8h/1hTradFiGrLrcalc
ExtendedBybitCEX22.4%22.2%2.1%4.8%−2.1%−3.2%28dspike$9klow OI1h/8hTradFiExBycalc
GateCEXBybitCEX18.0%20.1%2.5%0.0%−4.3%−6.4%38dspike$2.1MTradFiGtBycalc
GateCEXExtended−4.4%−2.2%0.4%−4.8%−4.8%−7.2%168dweak$9klow OI8h/1hTradFiGtExcalc
BitgetCEXGRVT13.7%3.4%0.6%1.3%−4.9%−7.3%130dweak$2klow OITradFiBgGrcalc
ExtendedGateCEX4.4%2.2%−0.4%4.8%−5.6%−8.5%—weak$9klow OI1h/8hTradFiExGtcalc
GateCEXGRVT−3.0%−0.4%0.3%−4.2%−5.9%−8.9%272dweak$2klow OITradFiGtGrcalc
GRVTBybitCEX21.0%20.5%2.2%4.1%−3.0%−4.6%34dspike$2klow OITradFiGrBycalc
GRVTGateCEX3.0%0.4%−0.3%4.2%−6.6%−9.9%—weak$2klow OITradFiGrGtcalc
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 07:30 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.

CRWV · TradFi

No two venues give a usable spread right now.

CRWV: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Bitget82.94Lighter RH82.94Gate82.92GRVT82.9003Bybit82.87Lighter82.86Variational82.8326Polymarket82.791Extended82.7754Aster82.7706
Aster82.77060.204%0.204%0.180%0.157%0.120%0.108%0.075%0.025%0.006%—
Extended82.77540.199%0.199%0.174%0.151%0.114%0.102%0.069%0.019%—−0.006%
Polymarket82.7910.180%0.180%0.156%0.132%0.095%0.083%0.050%—−0.019%−0.025%
Variational82.83260.130%0.130%0.106%0.082%0.045%0.033%—−0.050%−0.069%−0.075%
Lighter82.860.097%0.097%0.072%0.049%0.012%—−0.033%−0.083%−0.102%−0.108%
Bybit82.870.084%0.084%0.060%0.037%—−0.012%−0.045%−0.095%−0.114%−0.120%
GRVT82.90030.048%0.048%0.024%—−0.037%−0.049%−0.082%−0.132%−0.151%−0.157%
Gate82.920.024%0.024%—−0.024%−0.060%−0.072%−0.106%−0.156%−0.174%−0.180%
Bitget82.94—0.000%−0.024%−0.048%−0.084%−0.097%−0.130%−0.180%−0.199%−0.204%
Lighter RH82.940.000%—−0.024%−0.048%−0.084%−0.097%−0.130%−0.180%−0.199%−0.204%
All quotes (10)
VenueBidAskQualityAgeVol 24hFlags
Aster82.770682.7706mark2m$361closedno FX
BitgetCEX82.9482.94mark7m$582kclosedno FX
BybitCEX82.8782.87mark7m$96kclosedno FX
Extended82.775482.7754mark2m$165kclosed
GateCEX82.9282.92mark7m$726kclosedno FX
GRVT82.900382.9003mark2m$178kclosedno FX
Lighter82.8682.86mark2m$64kclosed
Polymarket82.79182.791mark2m$198kclosed
Lighter RH82.9482.94mark2m$505kclosed
Variational82.832682.8326mark2m$120kclosed

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

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