ELSA funding rates

ELSA perpetual funding across 7 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
16.5%long Binance, short Bitget · net 10.8%
Highest funding now
12.0%BitgetCEX
Lowest funding now
10.9%Aster
Listed on
7 venues

Funding by venue

7d chartFlagsOpen
BitgetCEXELSAUSDT12.0%46.5%26.4%22.0%23.0%100%4h04:000.05378$411k$68kBgBitget
AsterELSAUSDT10.9%15.0%17.6%25.1%18.1%100%4h04:000.05369$17k$920AsAster
BinanceCEXELSAUSDT10.9%10.9%12.4%15.4%12.7%100%4h04:000.05369$1.2M$361kBnBinance
BybitCEXELSAUSDT10.9%17.8%13.0%22.1%12.3%100%4h04:000.05367$569k$91kByBybit
GateCEXELSA_USDT10.9%13.1%12.3%11.5%12.2%100%4h04:000.05386$280k$15kGtGate
MEXCCEXELSA_USDT10.9%10.9%12.6%15.7%12.9%100%4h04:000.05371$392k$106kMxMEXC
VariationalELSA10.9%10.9%10.9%10.9%10.9%100%4h—0.0539$1k$2kVaVariational

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
BinanceCEXBitgetCEX1.1%35.6%16.5%9.2%10.8%16.2%4.9dsteady$411kBnBgcalc
BybitCEXBitgetCEX1.1%28.8%13.3%−0.1%7.3%11.0%6.3dsteady$411kByBgcalc
VariationalBitgetCEX1.1%35.6%15.4%11.0%12.3%18.5%2.8dsteady$1klow OIspread not incl.VaBgcalc
MEXCCEXBitgetCEX1.1%35.6%13.8%6.3%9.6%14.4%4.2dspike ×3.5$392kMxBgcalc
GateCEXBitgetCEX1.1%33.4%14.1%10.5%7.0%10.6%7.0dspike ×3.1$280kGtBgcalc
VariationalAster0.0%4.1%6.7%14.2%4.6%6.9%4.4dcooling$1klow OIspread not incl.VaAscalc
MEXCCEXAster0.0%4.1%5.0%9.4%1.9%2.8%8.7dcooling$17klow OIMxAscalc
AsterBitgetCEX1.1%31.5%8.8%−3.1%3.5%5.3%8.3dspike ×6.3$17klow OIAsBgcalc
BinanceCEXAster0.0%4.1%6.3%9.8%1.6%2.4%10dcooling$17klow OIBnAscalc
VariationalMEXCCEX0.0%0.0%1.7%4.7%0.6%0.9%8.8dweak$1klow OIspread not incl.VaMxcalc
BybitCEXAster0.0%−2.7%4.6%3.1%−0.4%−0.5%15dcooling$17klow OIByAscalc
GateCEXAster0.0%1.9%5.3%13.6%−0.7%−1.0%16dcooling$17klow OIGtAscalc
VariationalBybitCEX0.0%6.8%2.1%11.1%−0.8%−1.2%19dweak$1klow OIspread not incl.VaBycalc
VariationalBinanceCEX0.0%0.0%1.5%4.4%−1.1%−1.7%24dweak$1klow OIspread not incl.VaBncalc
BinanceCEXMEXCCEX0.0%0.0%0.4%0.1%−3.2%−4.8%119dweak$392kBnMxcalc
MEXCCEXBybitCEX0.0%6.8%0.4%6.4%−3.5%−5.2%125dweak$392kMxBycalc
BinanceCEXBybitCEX0.0%6.8%0.9%6.3%−4.5%−6.8%81dweak$569kBnBycalc
GateCEXMEXCCEX0.0%−2.2%0.3%4.2%−4.6%−7.0%225dweak$280kGtMxcalc
VariationalGateCEX0.0%2.2%1.3%0.5%−2.6%−3.8%41dweak$1klow OIspread not incl.VaGtcalc
GateCEXBinanceCEX0.0%−2.2%1.1%4.3%−5.4%−8.1%80dweak$280kGtBncalc
GateCEXBybitCEX0.0%4.7%0.7%10.6%−6.0%−9.0%127dweak$280kGtBycalc
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 03:56 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 Bybit at 0.05367, sell on Variational at 0.0539004: 0.428% before fees, 0.318% after taker fees.

ELSA: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Variational0.0539004Gate0.05386Bitget0.05378MEXC0.05371Binance0.05369Aster0.0536893Bybit0.05367
Bybit0.053670.428%0.353%0.205%0.075%0.037%0.036%—
Aster0.05368930.392%0.317%0.169%0.038%0.001%—−0.036%
Binance0.053690.391%0.316%0.167%0.037%—−0.001%−0.037%
MEXC0.053710.354%0.279%0.130%—−0.037%−0.038%−0.075%
Bitget0.053780.224%0.149%—−0.130%−0.167%−0.169%−0.205%
Gate0.053860.075%—−0.149%−0.279%−0.316%−0.317%−0.353%
Variational0.0539004—−0.075%−0.224%−0.354%−0.391%−0.392%−0.428%
All quotes (7)
VenueBidAskQualityAgeVol 24hFlags
Aster0.05368930.0536893mark5m$920no FX
BinanceCEX0.053690.05369mark5m$361kno FX
BitgetCEX0.053780.05378mark5m$68kno FX
BybitCEX0.053670.05367mark5m$91kno FX
GateCEX0.053860.05386mark5m$15kno FX
MEXCCEX0.053710.05371mark6m$106kno FX
Variational0.05390040.0539004mark5m$2k

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

↗ buttons open the exchange; some are referral links and we may earn a commission at no extra cost to you.