GOAT funding rates

GOAT perpetual funding across 6 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
5.4%long Variational, short MEXC · net 4.4%
Highest funding now
12.3%MEXCCEX
Lowest funding now
10.9%Hyperliquid
Listed on
6 venues

Funding by venue

7d chartFlagsOpen
MEXCCEXGOAT_USDT12.3%17.3%16.4%22.9%16.2%100%4h04:000.01672$275k$118kMxMEXC
BinanceCEXGOATUSDT11.2%13.3%15.2%20.9%15.5%100%4h04:000.01672$1.6M$828kBnBinance
HyperliquidGOAT10.9%11.1%16.0%46.5%16.9%100%1h—0.01674$1.2M$103kHyHyperliquid
BybitCEXGOATUSDT10.9%10.9%10.9%10.9%10.9%100%4h04:000.0167$1.6M$181kByBybit
GateCEXGOAT_USDT10.9%10.9%10.9%10.9%10.9%100%4h04:000.01671$198k$30kGtGate
VariationalGOAT10.9%10.9%10.9%9.9%10.9%100%4h—0.0167$2k$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
VariationalMEXCCEX1.3%6.3%5.4%12.9%4.4%6.6%2.7dsteady$2klow OIspread not incl.VaMxcalc
BybitCEXMEXCCEX1.3%6.3%5.4%11.9%1.5%2.3%10dsteady$275kByMxcalc
VariationalHyperliquid0.0%0.2%5.1%36.6%2.8%4.1%6.4dcooling$2klow OI4h/1hspread not incl.VaHycalc
VariationalBinanceCEX0.3%2.4%4.3%11.3%1.6%2.5%8.6dweak$2klow OIspread not incl.VaBncalc
GateCEXMEXCCEX1.3%6.3%5.4%11.9%0.5%0.7%13dsteady$198kGtMxcalc
BybitCEXHyperliquid0.0%0.2%5.1%35.6%−0.1%−0.2%14dcooling$1.2M4h/1hByHycalc
GateCEXHyperliquid0.0%0.2%5.1%35.5%−1.2%−1.7%17dcooling$198k4h/1hGtHycalc
BybitCEXBinanceCEX0.3%2.4%4.3%10.0%−1.2%−1.8%18dweak$1.6MByBncalc
GateCEXBinanceCEX0.3%2.4%4.3%10.0%−2.3%−3.4%21dweak$198kGtBncalc
BinanceCEXMEXCCEX1.0%3.9%1.2%0.4%−2.5%−3.7%43dweak$275kBnMxcalc
HyperliquidMEXCCEX1.3%6.1%0.3%−23.6%−3.0%−4.6%138dweak$275k1h/4hHyMxcalc
BinanceCEXHyperliquid−0.3%−2.2%0.8%24.6%−4.1%−6.2%82dweak$1.2M4h/1hBnHycalc
VariationalBybitCEX0.0%0.0%0.0%1.0%−2.9%−4.3%>999dweak$2klow OIspread not incl.VaBycalc
HyperliquidBinanceCEX0.3%2.2%−0.8%−24.6%−5.8%−8.7%—weak$1.2M1h/4hHyBncalc
VariationalGateCEX0.0%0.0%0.0%1.0%−3.9%−5.9%>999dweak$2klow OIspread not incl.VaGtcalc
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 Variational at 0.0166966, sell on Hyperliquid at 0.016737: 0.242% before fees, 0.152% after taker fees.

GOAT: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Hyperliquid0.016737Binance0.01672MEXC0.01672Gate0.016712Bybit0.016697Variational0.0166966
Variational0.01669660.242%0.140%0.140%0.092%0.003%—
Bybit0.0166970.239%0.138%0.138%0.090%—−0.003%
Gate0.0167120.149%0.048%0.048%—−0.090%−0.092%
Binance0.016720.102%—0.000%−0.048%−0.138%−0.140%
MEXC0.016720.102%0.000%—−0.048%−0.138%−0.140%
Hyperliquid0.016737—−0.102%−0.102%−0.149%−0.239%−0.242%
All quotes (6)
VenueBidAskQualityAgeVol 24hFlags
BinanceCEX0.016720.01672mark6m$828kno FX
BybitCEX0.0166970.016697mark6m$181kno FX
GateCEX0.0167120.016712mark6m$30kno FX
Hyperliquid0.0167370.016737mark6m$103k
MEXCCEX0.016720.01672mark7m$118kno FX
Variational0.01669660.0166966mark6m$2k

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

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