HOOD funding rates

HOOD perpetual funding across 10 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
10.6%long Variational, short Bitget · net 7.5%
Highest funding now
10.9%RWA Perp
Lowest funding now
0.0%Aster
Listed on
10 venues

Funding by venue

7d chartFlagsOpen
RWA PerpPERP_HOOD_USDC_mythos10.9%10.9%10.9%10.1%10.9%100%8h08:00111.24$17k$3kTradFiRwRWA Perp
GateCEXHOOD_USDT9.5%5.6%6.3%6.6%6.5%41%8h08:00111.08$2.9M$537kTradFiGtGate
RISExHOOD/USDC7.0%3.6%10.1%18.3%11.2%34%1h05:00111.06$288k$84kTradFiRxRISEx
PolymarketHOOD-USD5.5%6.7%6.0%1.8%5.9%99%1h05:00110.93$247k$50kTradFiPmPolymarket
LighterHOOD3.5%6.6%11.5%13.8%12.3%99%1h05:00110.67$1.2M$598kTradFiLiLighter
BybitCEXHOODUSDT2.2%0.8%12.1%7.5%14.0%57%8h08:00111.03$4.2M$591kTradFiByBybit
AsterHOODUSDT0.0%0.0%6.0%1.6%7.0%26%8h08:00111.01$130k$302kTradFiAsAster
GRVTHOOD_USDT_Perp0.0%0.1%2.8%5.5%3.3%24%8h08:00111.06$781k$2.3MTradFiGrGRVT
VariationalHOOD0.0%0.1%2.3%2.2%2.7%30%8h—110.81$1.4M$172kTradFiVaVariational
BitgetCEXHOODUSDT0.0%0.0%13.0%9.7%15.1%52%8h08:00111.08$4.9M$1.2MTradFiBgBitget

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
VariationalLighter3.5%6.5%9.2%11.7%9.2%13.8%<0.1dsteady$1.2M8h/1hTradFispread not incl.VaLicalc
VariationalBitgetCEX0.0%−0.1%10.6%7.5%7.5%11.3%4.1dcooling$1.4MTradFispread not incl.VaBgcalc
VariationalBybitCEX2.2%0.7%9.8%5.3%6.9%10.4%4.1dsteady$1.4MTradFispread not incl.VaBycalc
GRVTLighter3.5%6.6%8.7%8.3%6.4%9.5%3.8dsteady$781k8h/1hTradFiGrLicalc
VariationalRISEx7.0%3.5%7.8%14.5%6.2%9.4%2.8dsteady$288k8h/1hTradFispread not incl.VaRxcalc
GRVTBitgetCEX0.0%−0.1%10.1%4.2%4.7%7.0%7.6dcooling$781kTradFiGrBgcalc
GRVTBybitCEX2.2%0.8%9.3%2.0%4.1%6.1%7.9dsteady$781kTradFiGrBycalc
AsterLighter3.5%6.6%5.6%12.3%3.5%5.2%5.2dsteady$130k8h/1hTradFiAsLicalc
GRVTRISEx7.0%3.6%7.3%12.0%3.4%5.1%7.5dsteady$288k8h/1hTradFiGrRxcalc
AsterBitgetCEX0.0%0.0%7.0%8.1%1.8%2.7%10dcooling$130kTradFiAsBgcalc
PolymarketLighter−2.0%−0.1%5.5%12.0%3.4%5.1%5.3dmixed$247kTradFiinvite onlyPmLicalc
VariationalPolymarket5.5%6.6%3.7%−0.4%1.6%2.5%7.8dweak$247k8h/1hTradFiinvite onlyspread not incl.VaPmcalc
VariationalAster0.0%−0.1%3.6%−0.6%1.6%2.3%8.0dweak$130kTradFispread not incl.VaAscalc
GateCEXLighter−6.0%1.0%5.2%7.3%1.3%1.9%11dcooling$1.2M8h/1hTradFiGtLicalc
AsterBybitCEX2.2%0.8%6.2%5.9%1.2%1.8%11dsteady$130kTradFiAsBycalc
PolymarketBitgetCEX−5.5%−6.7%6.9%7.9%1.7%2.6%11dmixed$247k1h/8hTradFiinvite onlyPmBgcalc
PolymarketBybitCEX−3.3%−5.9%6.1%5.7%1.1%1.7%11dmixed$247k1h/8hTradFiinvite onlyPmBycalc
AsterRISEx7.0%3.6%4.2%16.4%0.5%0.8%12dweak$130k8h/1hTradFiAsRxcalc
PolymarketRISEx1.6%−3.1%4.1%17.5%0.4%0.7%13dmixed$247kTradFiinvite onlyPmRxcalc
VariationalGateCEX9.5%5.6%4.0%4.4%0.1%0.2%14dweak$1.4MTradFispread not incl.VaGtcalc
RISExLighter−3.5%3.0%1.4%−5.1%−0.2%−0.2%16dweak$288kTradFiRxLicalc
GateCEXBitgetCEX−9.5%−5.6%6.6%3.2%−0.4%−0.6%15dcooling$2.9MTradFiGtBgcalc
GateCEXBybitCEX−7.3%−4.8%5.8%1.0%−1.0%−1.5%16dcooling$2.9MTradFiGtBycalc
GRVTPolymarket5.5%6.6%3.2%−3.7%−1.2%−1.8%19dweak$247k8h/1hTradFiinvite onlyGrPmcalc
GRVTAster0.0%−0.1%3.1%−3.9%−1.3%−2.0%20dweak$130kTradFiGrAscalc
GateCEXRISEx−2.5%−2.0%3.8%10.7%−1.7%−2.6%20dweak$288k8h/1hTradFiGtRxcalc
VariationalGRVT0.0%0.0%0.5%3.3%−1.8%−2.8%64dweak$781kTradFispread not incl.VaGrcalc
RISExBitgetCEX−7.0%−3.6%2.8%−6.1%−1.9%−2.8%23dweak$288k1h/8hTradFiRxBgcalc
RISExBybitCEX−4.9%−2.8%2.0%−9.2%−2.4%−3.7%31dweak$288k1h/8hTradFiRxBycalc
GRVTGateCEX9.5%5.6%3.5%1.1%−2.7%−4.1%25dweak$781kTradFiGrGtcalc
LighterBitgetCEX−3.5%−6.6%1.4%−4.1%−1.7%−2.5%31dmixed$1.2M1h/8hTradFiLiBgcalc
BybitCEXLighter1.3%5.8%−0.6%6.3%−3.5%−5.2%—weak$1.2M8h/1hTradFiByLicalc
AsterPolymarket5.5%6.7%0.1%0.2%−4.1%−6.1%758dweak$130k8h/1hTradFiinvite onlyAsPmcalc
BitgetCEXLighter3.5%6.6%−1.4%4.1%−4.6%−6.8%—weak$1.2M8h/1hTradFiBgLicalc
LighterBybitCEX−1.3%−5.8%0.6%−6.3%−2.3%−3.4%68dmixed$1.2M1h/8hTradFiLiBycalc
BybitCEXBitgetCEX−2.2%−0.8%0.8%2.2%−5.1%−7.7%99dweak$4.2MTradFiByBgcalc
AsterGateCEX9.5%5.6%0.4%5.0%−5.6%−8.4%216dweak$130kTradFiAsGtcalc
LighterRISEx3.5%−3.0%−1.4%5.1%−3.0%−4.5%—mixed$288kTradFiLiRxcalc
BitgetCEXBybitCEX2.2%0.8%−0.8%−2.2%−6.8%−10.3%—weak$4.2MTradFiBgBycalc
BitgetCEXRISEx7.0%3.6%−2.8%6.1%−7.5%−11.3%—weak$288k8h/1hTradFiBgRxcalc
RISExGateCEX2.5%2.0%−3.8%−10.7%−9.2%−13.9%—weak$288k1h/8hTradFiRxGtcalc
PolymarketGateCEX4.1%−1.1%0.3%4.7%−5.7%−8.5%269dmixed$247k1h/8hTradFiinvite onlyPmGtcalc
BybitCEXRISEx4.9%2.8%−2.0%9.2%−6.4%−9.6%—mixed$288k8h/1hTradFiByRxcalc
LighterPolymarket2.0%0.1%−5.5%−12.0%−7.6%−11.4%—mixed$247kTradFiinvite onlyLiPmcalc
LighterGateCEX6.0%−1.0%−5.2%−7.3%−9.1%−13.6%—mixed$1.2M1h/8hTradFiLiGtcalc
BybitCEXPolymarket3.3%5.9%−6.1%−5.7%−11.0%−16.5%—mixed$247k8h/1hTradFiinvite onlyByPmcalc
BitgetCEXPolymarket5.5%6.7%−6.9%−7.9%−12.1%−18.2%—mixed$247k8h/1hTradFiinvite onlyBgPmcalc
BybitCEXGateCEX7.3%4.8%−5.8%−1.0%−12.5%−18.8%—mixed$2.9MTradFiByGtcalc
BitgetCEXGateCEX9.5%5.6%−6.6%−3.2%−13.7%−20.5%—mixed$2.9MTradFiBgGtcalc
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 04:46 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.

HOOD · TradFi

No two venues give a usable spread right now.

HOOD: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →RWA Perp111.24Bitget111.08Gate111.08GRVT111.06RISEx111.06Bybit111.03Aster111.008Polymarket110.93Variational110.811Lighter110.675
Lighter110.6750.509%0.365%0.365%0.347%0.347%0.320%0.300%0.230%0.123%—
Variational110.8110.386%0.242%0.242%0.224%0.224%0.197%0.177%0.107%—−0.123%
Polymarket110.930.279%0.135%0.135%0.117%0.117%0.090%0.070%—−0.107%−0.230%
Aster111.0080.209%0.065%0.065%0.047%0.047%0.020%—−0.070%−0.177%−0.300%
Bybit111.030.189%0.045%0.045%0.027%0.027%—−0.020%−0.090%−0.197%−0.320%
GRVT111.060.162%0.018%0.018%—0.000%−0.027%−0.047%−0.117%−0.224%−0.347%
RISEx111.060.162%0.018%0.018%0.000%—−0.027%−0.047%−0.117%−0.224%−0.347%
Bitget111.080.144%—0.000%−0.018%−0.018%−0.045%−0.065%−0.135%−0.242%−0.365%
Gate111.080.144%0.000%—−0.018%−0.018%−0.045%−0.065%−0.135%−0.242%−0.365%
RWA Perp111.24—−0.144%−0.144%−0.162%−0.162%−0.189%−0.209%−0.279%−0.386%−0.509%
All quotes (10)
VenueBidAskQualityAgeVol 24hFlags
Aster111.008111.008mark9m$302kclosedno FX
BitgetCEX111.08111.08mark8m$1.2Mclosedno FX
BybitCEX111.03111.03mark8m$591kclosedno FX
GateCEX111.08111.08mark8m$537kclosedno FX
GRVT111.06111.06mark9m$2.3Mclosedno FX
Lighter110.675110.675mark9m$598kclosed
Polymarket110.93110.93mark9m$50kclosed
RISEx111.06111.06mark9m$84kclosed
RWA Perp111.24111.24mark9m$3kclosed
Variational110.811110.811mark9m$172kclosed

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

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