GRVT funding rates

GRVT perpetual funding across 9 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
74.8%long Variational, short GRVT · net 72.4%
Highest funding now
52.2%BybitCEX
Lowest funding now
10.9%Aster
Listed on
9 venues

Funding by venue

7d chartFlagsOpen
BybitCEXGRVTUSDT52.2%27.8%17.3%30.5%15.5%100%4h04:000.2295$3.4M$694kByBybit
GRVTGRVT_USDT_Perp37.7%65.3%85.7%64.6%89.1%100%4h04:000.2298$928k$159kGrGRVT
ExtendedGRVT-USD11.4%20.7%24.6%36.7%25.2%100%1h03:000.2293$179k$370kExExtended
AsterGRVTUSDT10.9%24.0%22.3%40.2%22.1%100%4h04:000.2295$20k$32kAsAster
BinanceCEXGRVTUSDT10.9%20.5%24.8%35.1%25.5%100%4h04:000.2297$6.9M$2.8MBnBinance
BitgetCEXGRVTUSDT10.9%10.9%10.9%16.3%10.9%100%4h04:000.2294$595k$361kBgBitget
GateCEXGRVT_USDT10.9%11.9%14.2%27.6%14.5%100%4h04:000.2298$168k$51kGtGate
MEXCCEXGRVT_USDT10.9%10.9%11.1%14.0%11.1%100%4h04:000.2296$3.4M$114kMxMEXC
VariationalGRVT10.9%10.9%10.9%11.1%10.9%100%4h—0.2303$331k$87kVaVariational

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
VariationalGRVT26.7%54.3%74.8%53.5%72.4%109%0.4dsteady$331kspread not incl.VaGrcalc
MEXCCEXGRVT26.7%54.3%74.6%50.6%71.2%107%0.6dsteady$928kMxGrcalc
BitgetCEXGRVT26.7%54.3%74.8%48.3%69.3%104%1.0dsteady$595kBgGrcalc
GateCEXGRVT26.7%53.4%71.6%36.9%65.3%98.0%1.2dsteady$168kGtGrcalc
BybitCEXGRVT−14.5%37.5%68.5%34.1%63.3%94.9%1.1dcooling$928kByGrcalc
ExtendedGRVT26.3%44.6%61.2%27.9%57.5%86.3%0.8dsteady$179k1h/4hExGrcalc
BinanceCEXGRVT26.7%44.8%60.9%34.9%56.0%83.9%1.1dsteady$928kBnGrcalc
AsterGRVT26.7%41.3%63.4%24.4%59.0%88.4%1.0dsteady$20klow OIAsGrcalc
VariationalExtended0.4%9.8%13.6%25.6%12.3%18.5%1.3dsteady$179k4h/1hspread not incl.VaExcalc
VariationalBinanceCEX0.0%9.6%13.9%24.0%11.3%16.9%2.6dcooling$331kspread not incl.VaBncalc
MEXCCEXExtended0.4%9.8%13.5%22.8%11.1%16.7%2.4dsteady$179k4h/1hMxExcalc
MEXCCEXBinanceCEX0.0%9.6%13.7%22.7%10.1%15.1%3.7dcooling$3.4MMxBncalc
BitgetCEXExtended0.4%9.8%13.6%20.5%9.2%13.8%4.6dsteady$179k4h/1hBgExcalc
BitgetCEXBinanceCEX0.0%9.6%13.9%20.7%8.1%12.2%5.8dcooling$595kBgBncalc
GateCEXExtended0.4%8.9%10.4%9.1%5.2%7.8%7.0dsteady$168k4h/1hGtExcalc
VariationalAster0.0%13.0%11.4%29.1%9.3%14.0%2.6dcooling$20klow OIspread not incl.VaAscalc
GateCEXBinanceCEX0.0%8.7%10.6%1.8%4.1%6.2%8.6dcooling$168kGtBncalc
MEXCCEXAster0.0%13.0%11.2%26.2%8.1%12.2%3.9dcooling$20klow OIMxAscalc
BybitCEXExtended−40.8%−7.1%7.3%6.2%3.2%4.7%8.0dcooling$179k4h/1hByExcalc
BitgetCEXAster0.0%13.0%11.4%23.9%6.2%9.3%6.4dcooling$20klow OIBgAscalc
BybitCEXBinanceCEX−41.3%−7.3%7.6%6.3%2.1%3.1%10dcooling$3.4MByBncalc
VariationalBybitCEX41.3%16.9%6.3%19.4%3.4%5.2%6.4dspike ×3.7$331kspread not incl.VaBycalc
MEXCCEXBybitCEX41.3%16.9%6.1%16.5%2.2%3.4%8.9dspike ×3.9$3.4MMxBycalc
GateCEXAster0.0%12.1%8.2%12.5%2.2%3.3%10dcooling$20klow OIGtAscalc
BitgetCEXBybitCEX41.3%16.9%6.3%14.2%0.3%0.5%13dspike ×3.7$595kBgBycalc
BybitCEXAster−41.3%−3.8%5.1%9.7%0.1%0.2%14dcooling$20klow OIByAscalc
VariationalGateCEX0.0%0.9%3.2%16.5%−0.7%−1.0%17dweak$168kspread not incl.VaGtcalc
VariationalMEXCCEX0.0%0.0%0.2%2.9%−0.9%−1.3%93dweak$331kspread not incl.VaMxcalc
MEXCCEXGateCEX0.0%0.9%3.1%13.7%−1.9%−2.8%23dweak$168kMxGtcalc
AsterExtended0.4%−3.2%2.2%−3.5%−1.2%−1.7%21dweak$20klow OI4h/1hAsExcalc
BitgetCEXGateCEX0.0%0.9%3.2%11.4%−3.8%−5.7%31dweak$168kBgGtcalc
BitgetCEXMEXCCEX0.0%0.0%0.2%−2.3%−4.0%−6.0%373dweak$595kBgMxcalc
BinanceCEXExtended0.4%0.2%−0.2%−0.2%−4.1%−6.2%—weak$179k4h/1hBnExcalc
AsterBinanceCEX0.0%−3.4%2.5%−0.7%−2.2%−3.3%27dweak$20klow OIAsBncalc
ExtendedBinanceCEX−0.4%−0.2%0.2%0.2%−3.7%−5.5%235dmixed$179k1h/4hExBncalc
GateCEXBybitCEX41.3%15.9%3.1%2.8%−3.7%−5.5%31dspike ×16.7$168kGtBycalc
ExtendedBybitCEX40.8%7.1%−7.3%−6.2%−11.5%−17.2%—mixed$179k1h/4hExBycalc
BinanceCEXBybitCEX41.3%7.3%−7.6%−6.3%−13.0%−19.5%—mixed$3.4MBnBycalc
AsterBybitCEX41.3%3.8%−5.1%−9.7%−10.0%−15.1%—mixed$20klow OIAsBycalc
GRVTBybitCEX14.5%−37.5%−68.5%−34.1%−73.7%−111%—mixed$928kGrBycalc
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 02:27 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 Extended at 0.229318, sell on Variational at 0.230289: 0.422% before fees, 0.372% after taker fees.

GRVT: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Variational0.230289Gate0.2298GRVT0.229792Binance0.229669MEXC0.22955Aster0.229527Bybit0.22952Bitget0.22941Extended0.229318
Extended0.2293180.422%0.210%0.206%0.153%0.101%0.091%0.088%0.040%—
Bitget0.229410.383%0.170%0.167%0.113%0.061%0.051%0.048%—−0.040%
Bybit0.229520.335%0.122%0.119%0.065%0.013%0.003%—−0.048%−0.088%
Aster0.2295270.332%0.119%0.116%0.062%0.010%—−0.003%−0.051%−0.091%
MEXC0.229550.322%0.109%0.106%0.052%—−0.010%−0.013%−0.061%−0.101%
Binance0.2296690.270%0.057%0.054%—−0.052%−0.062%−0.065%−0.113%−0.153%
GRVT0.2297920.216%0.003%—−0.054%−0.106%−0.116%−0.119%−0.167%−0.206%
Gate0.22980.213%—−0.003%−0.057%−0.109%−0.119%−0.122%−0.170%−0.210%
Variational0.230289—−0.213%−0.216%−0.270%−0.322%−0.332%−0.335%−0.383%−0.422%
All quotes (9)
VenueBidAskQualityAgeVol 24hFlags
Aster0.2295270.229527mark7m$32kno FX
BinanceCEX0.2296690.229669mark6m$2.8Mno FX
BitgetCEX0.229410.22941mark6m$361kno FX
BybitCEX0.229520.22952mark6m$694kno FX
Extended0.2293180.229318mark7m$370k
GateCEX0.22980.2298mark6m$51kno FX
GRVT0.2297920.229792mark7m$159kno FX
MEXCCEX0.229550.22955mark5m$114kno FX
Variational0.2302890.230289mark7m$87k

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

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