HYPE funding rates

HYPE perpetual funding across 17 venues. Rates are annualized (APR); positive means longs pay shorts.

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

Best pair · 7d: 10.4%long Bybit, short RISEx · net 6.0%
Highest funding now: 11.4%Extended
Lowest funding now: −9.5%RWA Perp
Listed on: 17 venues

Funding by venue

													Open
Extended	HYPE-USD	11.4%	10.9%	9.7%	8.9%	9.4%	93%	1h	04:00	86.87	$15.0M	$11.7M	ExExtended
Hyperliquid	HYPE	10.9%	10.8%	8.5%	9.6%	8.2%	91%	1h	—	86.94	$1.75B	$216.8M	HyHyperliquid
Polymarket	HYPE-USD	10.9%	10.9%	10.8%	9.1%	10.8%	99%	1h	04:00	86.91	$274k	$151k	PmPolymarket
Ondo	HYPE-USD.P	10.9%	10.9%	10.9%	7.2%	10.9%	99%	1h	04:00	86.93	$328k	$371k	OnOndo
Variational	HYPE	10.9%	10.8%	10.1%	9.4%	9.9%	96%	8h	—	86.71	$21.1M	$40.3M	VaVariational
Nado	HYPE-PERP_USDT0	10.9%	8.6%	9.4%	9.7%	9.6%	97%	1h	04:00	87.06	$6.7M	$17.5M	NaNado
Lighter	HYPE	10.5%	5.7%	9.0%	8.7%	9.6%	96%	1h	04:00	86.82	$15.9M	$29.5M	LiLighter
BitgetCEX	HYPEUSDT	5.3%	3.5%	6.9%	4.5%	7.5%	87%	4h	04:00	87.00	$180.9M	$29.5M	BgBitget
GRVT	HYPE_USDT_Perp	5.3%	5.3%	8.6%	10.4%	9.2%	92%	4h	04:00	86.98	$6.9M	$61.9M	GrGRVT
MEXCCEX	HYPE_USDT	1.3%	0.9%	5.0%	5.4%	5.7%	70%	4h	04:00	87.06	$110.4M	$34.5M	MxMEXC
BinanceCEX	HYPEUSDT	1.3%	1.7%	4.9%	5.9%	5.5%	70%	4h	04:00	87.02	$342.8M	$284.5M	BnBinance
Lighter RH	HYPE	0.0%	−9.1%	3.1%	8.2%	5.1%	66%	1h	04:00	86.82	$3.8M	$7.7M	LrLighter RH
BybitCEX	HYPEUSDT	−0.4%	3.6%	2.0%	1.9%	1.8%	65%	8h	08:00	86.98	$254.5M	$77.6M	ByBybit
Aster	HYPEUSDT	−1.1%	1.9%	4.9%	3.9%	5.4%	75%	4h	04:00	86.99	$6.8M	$13.4M	AsAster
GateCEX	HYPE_USDT	−2.0%	0.1%	2.3%	3.7%	2.7%	60%	4h	04:00	86.99	$299.2M	$21.6M	GtGate
RISEx	HYPE/USDC	−4.3%	8.1%	12.4%	19.9%	13.1%	82%	1h	04:00	86.92	$2.8M	$3.8M	RxRISEx
RWA Perp	PERP_HYPE_USDC	−9.5%	−8.8%	4.6%	2.1%	6.9%	83%	4h	04:00	86.87	$104k	$280k	RwRWA Perp

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 RH	RISEx	−4.3%	17.3%	9.3%	11.5%	7.8%	11.6%	2.4d	cooling	$2.8M		Lr Rx	calc
BybitCEX	RISEx	−3.9%	4.6%	10.4%	18.1%	6.0%	9.0%	6.0d	cooling	$2.8M	8h/1h	By Rx	calc
Lighter RH	Lighter	10.5%	14.8%	5.9%	0.6%	5.9%	8.9%	<0.1d	weak	$3.8M		Lr Li	calc
BybitCEX	Variational	11.4%	7.3%	8.0%	7.5%	5.2%	7.8%	5.0d	steady	$21.1M	spread not incl.	By Va	calc
MEXCCEX	RISEx	−5.7%	7.3%	7.4%	14.5%	4.8%	7.2%	4.9d	cooling	$2.8M	4h/1h	Mx Rx	calc
BybitCEX	Ondo	11.4%	7.4%	8.9%	7.3%	4.7%	7.0%	6.6d	steady	$328k	8h/1h	By On	calc
GateCEX	RISEx	−2.4%	8.1%	10.1%	16.2%	4.6%	6.9%	7.6d	cooling	$2.8M	4h/1h	Gt Rx	calc
BybitCEX	Lighter	11.0%	2.1%	7.0%	6.9%	4.2%	6.2%	5.7d	steady	$15.9M	8h/1h	By Li	calc
MEXCCEX	Variational	9.6%	10.0%	5.1%	4.0%	4.0%	6.0%	2.9d	weak	$21.1M	4h/8hspread not incl.	Mx Va	calc
Aster	RISEx	−3.2%	6.3%	7.5%	16.0%	3.8%	5.8%	6.8d	cooling	$2.8M	4h/1h	As Rx	calc
GateCEX	Variational	12.9%	10.8%	7.7%	5.7%	3.8%	5.7%	7.1d	steady	$21.1M	4h/8hspread not incl.	Gt Va	calc
BybitCEX	Polymarket	11.4%	7.4%	8.8%	7.2%	3.8%	5.7%	7.9d	steady	$274k	8h/1hinvite only	By Pm	calc
MEXCCEX	Ondo	9.6%	10.1%	5.9%	3.1%	3.5%	5.3%	5.6d	steady	$328k	4h/1h	Mx On	calc
Lighter RH	Variational	10.9%	20.0%	7.0%	1.4%	7.0%	10.4%	<0.1d	spike ×4.2	$3.8M	1h/8hspread not incl.	Lr Va	calc
BybitCEX	Extended	11.8%	7.4%	7.6%	7.0%	3.5%	5.2%	7.6d	steady	$15.0M	8h/1h	By Ex	calc
GateCEX	Ondo	12.9%	10.9%	8.6%	5.0%	3.4%	5.0%	8.5d	steady	$328k	4h/1h	Gt On	calc
Lighter RH	Ondo	10.9%	20.1%	7.8%	−1.0%	6.5%	9.7%	2.3d	spike ×3.5	$328k		Lr On	calc
Lighter RH	GRVT	5.3%	14.4%	5.5%	2.2%	3.2%	4.7%	6.0d	weak	$3.8M	1h/4h	Lr Gr	calc
Aster	Variational	12.1%	9.0%	5.1%	5.5%	3.0%	4.6%	5.7d	weak	$6.8M	4h/8hspread not incl.	As Va	calc
MEXCCEX	Lighter	9.2%	4.8%	4.0%	3.3%	3.0%	4.5%	3.6d	weak	$15.9M	4h/1h	Mx Li	calc
GateCEX	Lighter	12.5%	5.6%	6.7%	5.0%	2.8%	4.2%	8.1d	steady	$15.9M	4h/1h	Gt Li	calc
Lighter RH	Polymarket	10.9%	20.1%	7.7%	1.3%	5.6%	8.4%	3.8d	spike ×3.6	$274k	invite only	Lr Pm	calc
BybitCEX	Nado	11.4%	5.0%	7.4%	7.8%	2.7%	4.1%	8.9d	steady	$6.7M	8h/1h	By Na	calc
MEXCCEX	Polymarket	9.6%	10.1%	5.8%	3.7%	2.7%	4.0%	7.6d	steady	$274k	4h/1hinvite only	Mx Pm	calc
Lighter RH	Extended	11.4%	20.0%	6.6%	0.1%	5.2%	7.9%	2.8d	spike ×4.7	$3.8M		Lr Ex	calc
Aster	Ondo	12.1%	9.1%	6.0%	4.7%	2.6%	3.9%	8.0d	steady	$328k	4h/1h	As On	calc
GateCEX	Polymarket	12.9%	10.9%	8.5%	5.4%	2.5%	3.7%	9.9d	steady	$274k	4h/1hinvite only	Gt Pm	calc
BinanceCEX	Variational	9.7%	9.1%	5.0%	3.6%	2.4%	3.6%	7.3d	weak	$21.1M	4h/8hspread not incl.	Bn Va	calc
MEXCCEX	Extended	10.1%	10.1%	4.7%	3.5%	2.3%	3.5%	7.1d	weak	$15.0M	4h/1h	Mx Ex	calc
Lighter RH	Nado	10.9%	17.7%	6.3%	1.6%	4.5%	6.8%	4.0d	spike ×4.0	$3.8M		Lr Na	calc
GateCEX	Extended	13.4%	10.8%	7.3%	5.2%	2.1%	3.2%	9.9d	steady	$15.0M	4h/1h	Gt Ex	calc
BinanceCEX	Ondo	9.7%	9.2%	6.0%	1.5%	2.1%	3.1%	9.1d	steady	$328k	4h/1h	Bn On	calc
BinanceCEX	RISEx	−5.6%	6.4%	6.1%	14.0%	1.9%	2.9%	9.5d	cooling	$2.8M	4h/1h	Bn Rx	calc
Lighter	RISEx	−14.9%	2.5%	3.4%	11.2%	1.8%	2.7%	6.5d	weak	$2.8M		Li Rx	calc
Aster	Polymarket	12.1%	9.1%	5.9%	5.2%	1.7%	2.5%	10.0d	steady	$274k	4h/1hinvite only	As Pm	calc
MEXCCEX	Nado	9.6%	7.7%	4.4%	4.3%	1.6%	2.4%	9.0d	weak	$6.7M	4h/1h	Mx Na	calc
Lighter RH	Hyperliquid	10.9%	19.9%	5.4%	1.8%	3.1%	4.6%	6.0d	spike ×6.5	$3.8M		Lr Hy	calc
GateCEX	Nado	12.9%	8.5%	7.1%	6.0%	1.4%	2.1%	11d	steady	$6.7M	4h/1h	Gt Na	calc
BybitCEX	GRVT	5.7%	1.7%	6.6%	8.5%	1.4%	2.1%	11d	steady	$6.9M	8h/4h	By Gr	calc
Aster	Extended	12.5%	9.1%	4.7%	5.0%	1.3%	2.0%	10d	weak	$6.8M	4h/1h	As Ex	calc
BybitCEX	Hyperliquid	11.4%	7.2%	6.5%	7.7%	1.3%	2.0%	11d	steady	$254.5M	8h/1h	By Hy	calc
BinanceCEX	Polymarket	9.7%	9.2%	5.9%	3.1%	1.2%	1.8%	11d	steady	$274k	4h/1hinvite only	Bn Pm	calc
Aster	Lighter	11.7%	3.8%	4.1%	4.8%	2.0%	3.1%	7.1d	mixed	$6.8M	4h/1h	As Li	calc
Lighter	Variational	0.4%	5.2%	1.0%	0.7%	1.0%	1.5%	<0.1d	weak	$15.9M	1h/8hspread not incl.	Li Va	calc
Lighter RH	MEXCCEX	1.3%	10.0%	1.9%	−3.3%	0.9%	1.3%	7.7d	weak	$3.8M	1h/4h	Lr Mx	calc
BitgetCEX	RISEx	−9.6%	4.7%	5.5%	15.5%	0.8%	1.2%	12d	cooling	$2.8M	4h/1h	Bg Rx	calc
Lighter RH	BitgetCEX	5.3%	12.6%	3.8%	−3.9%	0.7%	1.0%	11d	weak	$3.8M	1h/4h	Lr Bg	calc
BinanceCEX	Lighter	9.2%	3.9%	3.9%	2.9%	1.3%	2.0%	9.3d	mixed	$15.9M	4h/1h	Bn Li	calc
Aster	Nado	12.1%	6.7%	4.5%	5.8%	0.6%	0.9%	12d	weak	$6.7M	4h/1h	As Na	calc
BinanceCEX	Extended	10.1%	9.2%	4.5%	3.5%	0.6%	0.9%	12d	weak	$15.0M	4h/1h	Bn Ex	calc
Lighter	Ondo	0.4%	5.3%	1.8%	−1.3%	0.5%	0.8%	9.9d	weak	$328k		Li On	calc
Variational	RISEx	−15.3%	−2.7%	2.4%	10.5%	0.8%	1.2%	9.3d	mixed	$2.8M	8h/1hspread not incl.	Va Rx	calc
MEXCCEX	GRVT	3.9%	4.4%	3.6%	5.0%	0.2%	0.3%	13d	weak	$6.9M		Mx Gr	calc
MEXCCEX	Hyperliquid	9.6%	9.9%	3.5%	4.2%	0.2%	0.2%	13d	weak	$110.4M	4h/1h	Mx Hy	calc
GateCEX	GRVT	7.2%	5.2%	6.3%	6.7%	0.0%	0.0%	14d	steady	$6.9M		Gt Gr	calc
BitgetCEX	Variational	5.7%	7.4%	3.1%	4.9%	0.0%	0.0%	14d	weak	$21.1M	4h/8hspread not incl.	Bg Va	calc
GateCEX	Hyperliquid	12.9%	10.7%	6.2%	5.9%	0.0%	0.0%	14d	steady	$299.2M	4h/1h	Gt Hy	calc
Hyperliquid	RISEx	−15.3%	−2.6%	3.9%	10.3%	0.0%	−0.1%	14d	mixed	$2.8M		Hy Rx	calc
BinanceCEX	Nado	9.7%	6.9%	4.3%	3.8%	−0.1%	−0.2%	14d	weak	$6.7M	4h/1h	Bn Na	calc
Lighter RH	BinanceCEX	1.3%	10.9%	2.4%	−2.6%	−0.2%	−0.3%	15d	weak	$3.8M	1h/4h	Lr Bn	calc
BinanceCEX	Hyperliquid	9.7%	9.0%	4.8%	4.0%	−0.2%	−0.3%	15d	weak	$342.8M	4h/1h	Bn Hy	calc
GRVT	RISEx	−9.6%	2.8%	3.8%	9.6%	−0.1%	−0.1%	14d	mixed	$2.8M	4h/1h	Gr Rx	calc
Extended	RISEx	−15.7%	−2.8%	2.8%	11.0%	−0.1%	−0.2%	15d	mixed	$2.8M		Ex Rx	calc
Lighter RH	Aster	−1.1%	11.0%	1.8%	−4.7%	−0.3%	−0.4%	16d	weak	$3.8M	1h/4h	Lr As	calc
Lighter	Polymarket	0.4%	5.3%	1.7%	0.4%	−0.4%	−0.5%	17d	weak	$274k	invite only	Li Pm	calc
BitgetCEX	Ondo	5.7%	7.5%	4.0%	3.2%	−0.5%	−0.7%	16d	weak	$328k	4h/1h	Bg On	calc
Variational	Ondo	0.0%	0.1%	0.8%	−2.2%	−0.5%	−0.7%	22d	weak	$328k	8h/1hspread not incl.	Va On	calc
Lighter	Extended	0.9%	5.2%	0.6%	0.2%	−0.7%	−1.0%	30d	weak	$15.0M		Li Ex	calc
Aster	GRVT	6.4%	3.5%	3.7%	6.4%	−0.8%	−1.1%	17d	weak	$6.8M		As Gr	calc
Aster	Hyperliquid	12.1%	8.9%	3.6%	5.7%	−0.8%	−1.2%	17d	weak	$6.8M	4h/1h	As Hy	calc
Nado	RISEx	−15.3%	−0.5%	3.0%	10.2%	−0.4%	−0.6%	16d	mixed	$2.8M		Na Rx	calc
Hyperliquid	Variational	0.0%	0.1%	1.5%	−0.2%	−0.8%	−1.3%	22d	weak	$21.1M	1h/8hspread not incl.	Hy Va	calc
GRVT	Variational	5.7%	5.5%	1.5%	−1.0%	−0.9%	−1.3%	23d	weak	$6.9M	4h/8hspread not incl.	Gr Va	calc
BybitCEX	BitgetCEX	5.7%	−0.1%	4.9%	2.6%	−1.1%	−1.6%	17d	cooling	$180.9M	8h/4h	By Bg	calc
Hyperliquid	Ondo	0.0%	0.2%	2.3%	−2.6%	−1.3%	−2.0%	22d	weak	$328k		Hy On	calc
BitgetCEX	Polymarket	5.7%	7.5%	3.9%	4.6%	−1.3%	−2.0%	19d	weak	$274k	4h/1hinvite only	Bg Pm	calc
Variational	Polymarket	0.0%	0.1%	0.7%	−0.3%	−1.4%	−2.0%	40d	weak	$274k	8h/1hinvite onlyspread not incl.	Va Pm	calc
GRVT	Ondo	5.7%	5.6%	2.3%	−3.1%	−1.4%	−2.1%	22d	weak	$328k	4h/1h	Gr On	calc
Lighter	Nado	0.4%	2.9%	0.4%	1.0%	−1.4%	−2.2%	65d	weak	$6.7M		Li Na	calc
BinanceCEX	GRVT	4.0%	3.6%	3.3%	4.4%	−1.6%	−2.4%	21d	weak	$6.9M		Bn Gr	calc
BitgetCEX	Extended	6.1%	7.4%	2.7%	4.4%	−1.7%	−2.5%	23d	weak	$15.0M	4h/1h	Bg Ex	calc
Variational	Extended	0.4%	0.1%	−0.4%	−0.5%	−1.7%	−2.6%	—	weak	$15.0M	8h/1hspread not incl.	Va Ex	calc
Extended	Variational	−0.4%	−0.1%	0.4%	0.5%	−0.9%	−1.4%	45d	mixed	$15.0M	1h/8hspread not incl.	Ex Va	calc
BybitCEX	MEXCCEX	1.8%	−2.7%	3.0%	3.5%	−0.9%	−1.4%	18d	mixed	$110.4M	8h/4h	By Mx	calc
BitgetCEX	Lighter	5.3%	2.2%	2.1%	4.3%	−1.0%	−1.5%	21d	mixed	$15.9M	4h/1h	Bg Li	calc
BybitCEX	Aster	−0.7%	−1.7%	2.9%	2.0%	−2.0%	−3.1%	24d	weak	$6.8M	8h/4h	By As	calc
Hyperliquid	Polymarket	0.0%	0.2%	2.2%	−0.5%	−2.2%	−3.3%	28d	weak	$274k	invite only	Hy Pm	calc
GRVT	Polymarket	5.7%	5.6%	2.2%	−1.3%	−2.3%	−3.4%	28d	weak	$274k	4h/1hinvite only	Gr Pm	calc
MEXCCEX	BitgetCEX	3.9%	2.6%	1.9%	−0.9%	−2.3%	−3.4%	30d	weak	$110.4M		Mx Bg	calc
GateCEX	MEXCCEX	3.3%	0.8%	2.7%	1.7%	−2.3%	−3.4%	26d	weak	$110.4M		Gt Mx	calc
Nado	Variational	0.0%	2.3%	0.6%	−0.3%	−1.2%	−1.8%	41d	mixed	$6.7M	1h/8hspread not incl.	Na Va	calc
BitgetCEX	Nado	5.7%	5.1%	2.5%	5.2%	−2.4%	−3.6%	27d	weak	$6.7M	4h/1h	Bg Na	calc
GateCEX	BitgetCEX	7.2%	3.4%	4.6%	0.8%	−2.4%	−3.7%	21d	weak	$180.9M		Gt Bg	calc
Hyperliquid	Extended	0.4%	0.2%	1.1%	−0.7%	−2.5%	−3.8%	46d	weak	$15.0M		Hy Ex	calc
GRVT	Extended	6.1%	5.6%	1.1%	−1.5%	−2.6%	−3.9%	49d	weak	$6.9M	4h/1h	Gr Ex	calc
Ondo	RISEx	−15.3%	−2.8%	1.5%	12.5%	−1.3%	−2.0%	26d	mixed	$328k		On Rx	calc
Extended	Ondo	−0.4%	0.0%	1.2%	−0.7%	−1.4%	−2.1%	30d	mixed	$328k		Ex On	calc
Lighter	Hyperliquid	0.4%	5.1%	−0.5%	0.9%	−2.8%	−4.3%	—	weak	$15.9M		Li Hy	calc
Nado	Extended	0.4%	2.3%	0.2%	−0.8%	−2.9%	−4.4%	201d	weak	$6.7M		Na Ex	calc
Aster	MEXCCEX	2.5%	−1.0%	0.1%	1.5%	−3.1%	−4.6%	618d	weak	$6.8M		As Mx	calc
Aster	BitgetCEX	6.4%	1.6%	2.0%	0.6%	−3.2%	−4.8%	37d	weak	$6.8M		As Bg	calc
Hyperliquid	Nado	0.0%	−2.2%	0.9%	0.1%	−3.3%	−4.9%	65d	weak	$6.7M		Hy Na	calc
Polymarket	Ondo	0.0%	0.0%	0.1%	−2.5%	−3.3%	−4.9%	472d	weak	$274k	invite only	Pm On	calc
GRVT	Nado	5.7%	3.3%	0.8%	−0.7%	−3.3%	−5.0%	70d	weak	$6.7M	4h/1h	Gr Na	calc
Nado	Ondo	0.0%	2.4%	1.4%	−2.7%	−1.7%	−2.5%	30d	mixed	$328k		Na On	calc
GateCEX	BinanceCEX	3.2%	1.7%	3.1%	2.1%	−3.4%	−5.1%	29d	weak	$299.2M		Gt Bn	calc
GateCEX	Aster	0.8%	1.8%	2.6%	0.2%	−3.4%	−5.1%	32d	weak	$6.8M		Gt As	calc
MEXCCEX	BinanceCEX	0.0%	0.9%	0.1%	0.0%	−3.5%	−5.3%	497d	weak	$110.4M		Mx Bn	calc
BybitCEX	Lighter RH	0.4%	−12.7%	1.1%	7.1%	−1.8%	−2.7%	37d	mixed	$3.8M	8h/1h	By Lr	calc
Hyperliquid	Lighter	−0.4%	−5.1%	0.5%	−0.9%	−1.8%	−2.8%	65d	mixed	$15.9M		Hy Li	calc
BinanceCEX	MEXCCEX	0.0%	−0.9%	−0.1%	0.0%	−3.8%	−5.6%	—	weak	$110.4M		Bn Mx	calc
BitgetCEX	GRVT	0.0%	1.8%	1.7%	5.9%	−3.8%	−5.7%	45d	weak	$6.9M		Bg Gr	calc
GRVT	Lighter	5.3%	0.4%	0.4%	−1.6%	−1.9%	−2.9%	74d	mixed	$6.9M	4h/1h	Gr Li	calc
Ondo	Extended	0.4%	0.0%	−1.2%	0.7%	−3.8%	−5.8%	—	weak	$328k		On Ex	calc
BitgetCEX	Hyperliquid	5.7%	7.3%	1.6%	5.1%	−3.8%	−5.8%	47d	weak	$180.9M	4h/1h	Bg Hy	calc
Polymarket	RISEx	−15.3%	−2.8%	1.6%	10.8%	−2.0%	−3.0%	31d	mixed	$274k	invite only	Pm Rx	calc
BinanceCEX	BitgetCEX	4.0%	1.7%	1.5%	−1.2%	−4.2%	−6.3%	53d	weak	$180.9M		Bn Bg	calc
Polymarket	Extended	0.4%	0.0%	−1.1%	−0.2%	−4.5%	−6.8%	—	weak	$274k	invite only	Pm Ex	calc
Extended	Polymarket	−0.4%	0.0%	1.1%	0.2%	−2.3%	−3.4%	42d	mixed	$274k	invite only	Ex Pm	calc
BinanceCEX	Aster	−2.4%	0.1%	0.1%	−1.7%	−4.6%	−6.9%	958d	weak	$6.8M		Bn As	calc
Hyperliquid	GRVT	−5.7%	−5.4%	0.1%	0.7%	−4.6%	−6.9%	>999d	weak	$6.9M	1h/4h	Hy Gr	calc
GRVT	Hyperliquid	5.7%	5.4%	−0.1%	−0.7%	−4.8%	−7.1%	—	weak	$6.9M	4h/1h	Gr Hy	calc
Aster	BinanceCEX	2.4%	−0.1%	−0.1%	1.7%	−4.8%	−7.1%	—	weak	$6.8M		As Bn	calc
Nado	Polymarket	0.0%	2.4%	1.3%	−0.6%	−2.6%	−3.8%	41d	mixed	$274k	invite only	Na Pm	calc
GateCEX	Lighter RH	2.0%	−9.2%	0.8%	5.4%	−3.1%	−4.7%	70d	mixed	$3.8M	4h/1h	Gt Lr	calc
GateCEX	BybitCEX	1.5%	3.5%	−0.3%	−1.8%	−7.1%	−10.6%	—	weak	$254.5M	4h/8h	Gt By	calc
BybitCEX	BinanceCEX	1.7%	−1.8%	1.9%	3.0%	−3.5%	−5.3%	40d	mixed	$254.5M	8h/4h	By Bn	calc
Aster	Lighter RH	1.1%	−11.0%	−1.8%	4.7%	−3.9%	−5.9%	—	mixed	$3.8M	4h/1h	As Lr	calc
RISEx	Variational	15.3%	2.7%	−2.4%	−10.5%	−3.9%	−5.9%	—	mixed	$2.8M	1h/8hspread not incl.	Rx Va	calc
RISEx	Ondo	15.3%	2.8%	−1.5%	−12.5%	−4.4%	−6.6%	—	mixed	$328k		Rx On	calc
RISEx	Lighter	14.9%	−2.5%	−3.4%	−11.2%	−4.9%	−7.4%	—	mixed	$2.8M		Rx Li	calc
RISEx	Polymarket	15.3%	2.8%	−1.6%	−10.8%	−5.3%	−7.9%	—	mixed	$274k	invite only	Rx Pm	calc
RISEx	Extended	15.7%	2.8%	−2.8%	−11.0%	−5.6%	−8.4%	—	mixed	$2.8M		Rx Ex	calc
RISEx	Nado	15.3%	0.5%	−3.0%	−10.2%	−6.4%	−9.6%	—	mixed	$2.8M		Rx Na	calc
BybitCEX	GateCEX	−1.5%	−3.5%	0.3%	1.8%	−6.5%	−9.7%	312d	mixed	$254.5M	8h/4h	By Gt	calc
RISEx	GRVT	9.6%	−2.8%	−3.8%	−9.6%	−7.7%	−11.6%	—	mixed	$2.8M	1h/4h	Rx Gr	calc
RISEx	Hyperliquid	15.3%	2.6%	−3.9%	−10.3%	−7.8%	−11.7%	—	mixed	$2.8M		Rx Hy	calc
Aster	BybitCEX	0.7%	1.7%	−2.9%	−2.0%	−7.9%	−11.8%	—	mixed	$6.8M	4h/8h	As By	calc
RISEx	MEXCCEX	5.7%	−7.3%	−7.4%	−14.5%	−10.0%	−15.0%	—	mixed	$2.8M	1h/4h	Rx Mx	calc
RISEx	BitgetCEX	9.6%	−4.7%	−5.5%	−15.5%	−10.2%	−15.3%	—	mixed	$2.8M	1h/4h	Rx Bg	calc
RISEx	BinanceCEX	5.6%	−6.4%	−6.1%	−14.0%	−10.3%	−15.4%	—	mixed	$2.8M	1h/4h	Rx Bn	calc
RISEx	Lighter RH	4.3%	−17.3%	−9.3%	−11.5%	−10.9%	−16.3%	—	mixed	$2.8M		Rx Lr	calc
RISEx	Aster	3.2%	−6.3%	−7.5%	−16.0%	−11.1%	−16.7%	—	mixed	$2.8M	1h/4h	Rx As	calc
RISEx	BybitCEX	3.9%	−4.6%	−10.4%	−18.1%	−14.8%	−22.3%	—	mixed	$2.8M	1h/8h	Rx By	calc
RISEx	GateCEX	2.4%	−8.1%	−10.1%	−16.2%	−15.6%	−23.4%	—	mixed	$2.8M	1h/4h	Rx Gt	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 03:10 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.

No two venues give a usable spread right now.

HYPE: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	MEXC87.062
MEXC87.062	—

All quotes (17)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
MEXCCEX	87.062	87.062	mark	7m	$34.5M	no FX
Aster	86.99	86.99	mark	12m	$13.4M	staleno FX
BinanceCEX	87.0172	87.0172	mark	11m	$284.5M	staleno FX
BitgetCEX	87.004	87.004	mark	11m	$29.5M	staleno FX
BybitCEX	86.984	86.984	mark	11m	$77.6M	staleno FX
Extended	86.8719	86.8719	mark	12m	$11.7M	stale
GateCEX	86.992	86.992	mark	11m	$21.6M	staleno FX
GRVT	86.9826	86.9826	mark	12m	$61.9M	staleno FX
Hyperliquid	86.9401	86.9401	mark	12m	$216.8M	stale
Lighter	86.8215	86.8215	mark	12m	$29.5M	stale
Nado	87.0594	87.0594	mark	12m	$17.5M	staleno FX
Ondo	86.93	86.93	mark	12m	$371k	stale
Polymarket	86.91	86.91	mark	12m	$151k	stale
Lighter RH	86.8245	86.8245	mark	12m	$7.7M	stale
RISEx	86.9226	86.9226	mark	12m	$3.8M	stale
RWA Perp	86.873	86.873	mark	12m	$280k	stale
Variational	86.7135	86.7135	mark	12m	$40.3M	stale

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

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