DRIFT funding rates
DRIFT perpetual funding across 6 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 12.4%long Gate, short Variational · net 8.5%
- Highest funding now
- 10.9%BnBinanceCEX
- Lowest funding now
- 10.9%BnBinanceCEX
- Listed on
- 6 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BnBinanceCEX | DRIFTUSDT | 10.9% | 10.9% | 11.1% | 12.0% | 11.2% | 100% | 4h | 04:00 | 0.01828 | $2.1M | $1.5M | BnBinance | ||
| ByBybitCEX | DRIFTUSDT | 10.9% | 10.9% | 12.6% | 11.4% | 12.9% | 100% | 4h | 04:00 | 0.01819 | $2.4M | $517k | ByBybit | ||
| BgBitgetCEX | DRIFTUSDT | 10.9% | 10.9% | 11.2% | 11.8% | 11.2% | 100% | 4h | 04:00 | 0.01823 | $485k | $123k | BgBitget | ||
| GtGateCEX | DRIFT_USDT | 10.9% | 33.9% | 6.4% | 55.9% | 1.8% | 72% | 4h | 04:00 | 0.01818 | $192k | $64k | GtGate | ||
| MxMEXCCEX | DRIFT_USDT | 10.9% | 10.9% | 11.1% | 11.9% | 11.1% | 100% | 4h | 04:00 | 0.01841 | $256k | $111k | MxMEXC | ||
| VaVariational | DRIFT | 10.9% | 10.9% | 18.8% | 16.5% | 20.1% | 100% | 4h | — | 0.01818 | $18k | $7k | VaVariational |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| GtGateCEX | VaVariational | 0.0% | −23.0% | 12.4% | −39.4% | 8.5% | 12.8% | 4.4d | cooling | $18k | low OIspread not incl. | GtVa | calc | |
| MxMEXCCEX | VaVariational | 0.0% | 0.0% | 7.7% | 4.6% | 6.6% | 9.9% | 1.9d | cooling | $18k | low OIspread not incl. | MxVa | calc | |
| BnBinanceCEX | VaVariational | 0.0% | 0.0% | 7.6% | 5.1% | 5.0% | 7.5% | 4.8d | cooling | $18k | low OIspread not incl. | BnVa | calc | |
| BgBitgetCEX | VaVariational | 0.0% | 0.0% | 7.6% | 4.7% | 4.4% | 6.7% | 5.8d | cooling | $18k | low OIspread not incl. | BgVa | calc | |
| ByBybitCEX | VaVariational | 0.0% | 0.0% | 6.2% | 5.1% | 3.3% | 4.9% | 6.5d | cooling | $18k | low OIspread not incl. | ByVa | calc | |
| GtGateCEX | MxMEXCCEX | 0.0% | −23.0% | 4.8% | −44.0% | −0.2% | −0.3% | 15d | cooling | $192k | GtMx | calc | ||
| GtGateCEX | ByBybitCEX | 0.0% | −23.0% | 6.2% | −44.5% | −0.5% | −0.8% | 15d | cooling | $192k | GtBy | calc | ||
| GtGateCEX | BnBinanceCEX | 0.0% | −23.0% | 4.8% | −37.4% | −1.7% | −2.6% | 19d | cooling | $192k | GtBn | calc | ||
| GtGateCEX | BgBitgetCEX | 0.0% | −23.0% | 4.8% | −44.1% | −2.2% | −3.3% | 20d | cooling | $192k | GtBg | calc | ||
| MxMEXCCEX | ByBybitCEX | 0.0% | 0.0% | 1.5% | −0.5% | −2.4% | −3.6% | 37d | weak | $256k | MxBy | calc | ||
| MxMEXCCEX | BnBinanceCEX | 0.0% | 0.0% | 0.0% | 0.0% | −3.6% | −5.4% | >999d | weak | $256k | MxBn | calc | ||
| BnBinanceCEX | ByBybitCEX | 0.0% | 0.0% | 1.5% | −0.6% | −4.0% | −6.0% | 53d | weak | $2.1M | BnBy | calc | ||
| MxMEXCCEX | BgBitgetCEX | 0.0% | 0.0% | 0.1% | −0.1% | −4.1% | −6.1% | 700d | weak | $256k | MxBg | calc | ||
| BgBitgetCEX | ByBybitCEX | 0.0% | 0.0% | 1.4% | −0.4% | −4.6% | −6.9% | 59d | weak | $485k | BgBy | calc | ||
| BnBinanceCEX | BgBitgetCEX | 0.0% | 0.0% | 0.0% | −0.1% | −5.7% | −8.5% | >999d | weak | $485k | BnBg | 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 03:51 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 Gate at 0.01818, sell on MEXC at 0.01841: 1.26% before fees, 1.07% after taker fees.
| Buy ↓ · Sell → | MxMEXC0.01841 | BnBinance0.01828 | BgBitget0.01823 | ByBybit0.018188 | VaVariational0.0181849 | GtGate0.01818 |
|---|---|---|---|---|---|---|
| GtGate0.01818 | 1.26% | 0.549% | 0.275% | 0.044% | 0.027% | — |
| VaVariational0.0181849 | 1.23% | 0.522% | 0.248% | 0.017% | — | −0.027% |
| ByBybit0.018188 | 1.21% | 0.505% | 0.231% | — | −0.017% | −0.044% |
| BgBitget0.01823 | 0.983% | 0.274% | — | −0.231% | −0.248% | −0.275% |
| BnBinance0.01828 | 0.709% | — | −0.274% | −0.505% | −0.522% | −0.549% |
| MxMEXC0.01841 | — | −0.709% | −0.983% | −1.21% | −1.23% | −1.26% |
All quotes (6)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| BnBinanceCEX | 0.01828 | 0.01828 | mark | 5m | $1.5M | no FX |
| BgBitgetCEX | 0.01823 | 0.01823 | mark | 5m | $123k | no FX |
| ByBybitCEX | 0.018188 | 0.018188 | mark | 5m | $517k | no FX |
| GtGateCEX | 0.01818 | 0.01818 | mark | 5m | $64k | no FX |
| MxMEXCCEX | 0.01841 | 0.01841 | mark | 6m | $111k | no FX |
| VaVariational | 0.0181849 | 0.0181849 | mark | 6m | $7k |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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