FF funding rates

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

Data as of 2026-10-12 03:56 UTC · refreshed every 5 min

Best pair · 7d: 19.3%long Bybit, short Gate · net 12.5%
Highest funding now: 65.5%GateCEX
Lowest funding now: 10.5%Lighter
Listed on: 7 venues

Funding by venue

													Open
GateCEX	FF_USDT	65.5%	66.7%	28.6%	46.2%	22.3%	98%	4h	04:00	0.1157	$24.4M	$950k	GtGate
Aster	FFUSDT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	4h	04:00	0.1159	$1.2M	$15k	AsAster
BinanceCEX	FFUSDT	10.9%	10.9%	10.7%	9.1%	10.7%	99%	4h	04:00	0.1157	$39.0M	$6.6M	BnBinance
BybitCEX	FFUSDT	10.9%	10.9%	9.3%	8.6%	9.1%	93%	4h	04:00	0.1156	$11.6M	$2.6M	ByBybit
BitgetCEX	FFUSDT	10.9%	10.9%	10.9%	7.5%	10.9%	100%	4h	04:00	0.1158	$16.8M	$281k	BgBitget
MEXCCEX	FF_USDT	10.9%	10.9%	10.3%	9.3%	10.2%	98%	4h	04:00	0.1155	$10.0M	$285k	MxMEXC
Lighter	FF	10.5%	10.1%	10.5%	15.4%	10.5%	100%	1h	04:00	0.1151	$52k	$845	LiLighter

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.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
Lighter	GateCEX	55.0%	56.6%	18.2%	30.8%	14.3%	21.4%	3.0d	spike ×4.8	$52k	1h/4h	Li Gt	calc
MEXCCEX	GateCEX	54.5%	55.8%	18.3%	36.9%	13.4%	20.1%	3.8d	spike ×4.6	$10.0M		Mx Gt	calc
BybitCEX	GateCEX	54.5%	55.8%	19.3%	37.6%	12.5%	18.8%	4.9d	spike ×4.2	$11.6M		By Gt	calc
Aster	GateCEX	54.5%	55.8%	17.7%	35.3%	11.7%	17.5%	4.7d	spike ×4.9	$1.2M		As Gt	calc
BinanceCEX	GateCEX	54.5%	55.8%	17.8%	36.1%	11.3%	17.0%	5.1d	spike ×5.4	$24.4M		Bn Gt	calc
BitgetCEX	GateCEX	54.5%	55.8%	17.7%	38.7%	10.6%	16.0%	5.6d	spike ×4.9	$16.8M		Bg Gt	calc
Lighter	MEXCCEX	0.4%	0.8%	−0.2%	−6.1%	−1.2%	−1.8%	—	weak	$52k	1h/4h	Li Mx	calc
Lighter	Aster	0.4%	0.8%	0.5%	−4.4%	−1.6%	−2.4%	60d	weak	$52k	1h/4h	Li As	calc
MEXCCEX	Lighter	−0.4%	−0.8%	0.2%	6.1%	−0.9%	−1.3%	93d	mixed	$52k	4h/1h	Mx Li	calc
Lighter	BinanceCEX	0.4%	0.8%	0.2%	−7.6%	−2.4%	−3.5%	146d	weak	$52k	1h/4h	Li Bn	calc
MEXCCEX	Aster	0.0%	0.0%	0.6%	1.6%	−2.5%	−3.7%	68d	weak	$1.2M		Mx As	calc
Lighter	BitgetCEX	0.4%	0.8%	0.5%	−7.9%	−2.6%	−4.0%	89d	weak	$52k	1h/4h	Li Bg	calc
BybitCEX	MEXCCEX	0.0%	0.0%	1.0%	0.7%	−2.9%	−4.4%	56d	weak	$10.0M		By Mx	calc
MEXCCEX	BinanceCEX	0.0%	0.0%	0.5%	0.1%	−3.1%	−4.7%	101d	weak	$10.0M		Mx Bn	calc
BybitCEX	Aster	0.0%	0.0%	1.6%	2.3%	−3.3%	−5.0%	43d	weak	$1.2M		By As	calc
BybitCEX	Lighter	−0.4%	−0.8%	1.1%	6.8%	−1.7%	−2.6%	35d	mixed	$52k	4h/1h	By Li	calc
MEXCCEX	BitgetCEX	0.0%	0.0%	0.6%	−1.8%	−3.5%	−5.3%	90d	weak	$10.0M		Mx Bg	calc
BybitCEX	BinanceCEX	0.0%	0.0%	1.6%	1.1%	−3.8%	−5.7%	47d	weak	$11.6M		By Bn	calc
Lighter	BybitCEX	0.4%	0.8%	−1.1%	−6.8%	−4.0%	−6.0%	—	weak	$52k	1h/4h	Li By	calc
BybitCEX	BitgetCEX	0.0%	0.0%	1.6%	−1.1%	−4.4%	−6.6%	52d	weak	$11.6M		By Bg	calc
BinanceCEX	Aster	0.0%	0.0%	0.2%	1.8%	−4.4%	−6.7%	264d	weak	$1.2M		Bn As	calc
BinanceCEX	BitgetCEX	0.0%	0.0%	0.2%	−2.9%	−5.5%	−8.2%	322d	weak	$16.8M		Bn Bg	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 03:56 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 Lighter at 0.11506, sell on Aster at 0.115908: 0.734% before fees, 0.654% after taker fees.

FF: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Aster0.115908	Bitget0.11576	Binance0.115698	Gate0.11565	Bybit0.11559	MEXC0.11551	Lighter0.11506
Lighter0.11506	0.734%	0.607%	0.553%	0.511%	0.460%	0.390%	—
MEXC0.11551	0.344%	0.216%	0.163%	0.121%	0.069%	—	−0.390%
Bybit0.11559	0.275%	0.147%	0.093%	0.052%	—	−0.069%	−0.460%
Gate0.11565	0.223%	0.095%	0.041%	—	−0.052%	−0.121%	−0.511%
Binance0.115698	0.182%	0.054%	—	−0.041%	−0.093%	−0.163%	−0.553%
Bitget0.11576	0.128%	—	−0.054%	−0.095%	−0.147%	−0.216%	−0.607%
Aster0.115908	—	−0.128%	−0.182%	−0.223%	−0.275%	−0.344%	−0.734%

All quotes (7)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	0.115908	0.115908	mark	3m	$15k	no FX
BinanceCEX	0.115698	0.115698	mark	3m	$6.6M	no FX
BitgetCEX	0.11576	0.11576	mark	3m	$281k	no FX
BybitCEX	0.11559	0.11559	mark	3m	$2.6M	no FX
GateCEX	0.11565	0.11565	mark	3m	$950k	no FX
Lighter	0.11506	0.11506	mark	3m	$845
MEXCCEX	0.11551	0.11551	mark	3m	$285k	no FX

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

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