HYPER funding rates

HYPER perpetual funding across 8 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
8.2%long Bybit, short Binance · net 2.7%
Highest funding now
10.9%Hyperliquid
Lowest funding now
−2.0%GateCEX
Listed on
8 venues

Funding by venue

7d chartFlagsOpen
HyperliquidHYPER10.9%10.9%10.6%10.7%10.6%99%1h—0.0744$54k$142kHyHyperliquid
BinanceCEXHYPERUSDT10.9%10.9%10.8%10.6%10.7%100%4h12:000.07438$2.1M$3.6MBnBinance
BybitCEXHYPERUSDT10.9%10.9%3.0%6.0%1.7%83%4h12:000.07446$1.2M$787kByBybit
BitgetCEXHYPERUSDT10.9%10.9%10.9%10.9%10.9%100%4h12:000.07451$447k$437kBgBitget
MEXCCEXHYPER_USDT10.9%10.9%10.8%10.5%10.7%100%4h12:000.07434$199k$134kMxMEXC
VariationalHYPER10.9%10.9%4.6%6.9%3.5%85%4h—0.07432$6k$2kVaVariational
AsterHYPERUSDT6.3%10.7%3.5%7.4%2.3%79%4h12:000.07445$5k$8kAsAster
GateCEXHYPER_USDT−2.0%10.6%10.9%9.9%10.9%100%4h12:000.0744$72k$65kGtGate

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
BybitCEXMEXCCEX0.0%0.0%7.7%4.5%3.8%5.7%7.1dcooling$199kByMxcalc
BybitCEXBinanceCEX0.0%0.0%8.2%3.5%2.7%4.0%9.4dcooling$1.2MByBncalc
VariationalMEXCCEX0.0%0.0%6.2%3.5%5.2%7.8%2.3dcooling$6klow OIspread not incl.VaMxcalc
BybitCEXHyperliquid0.0%0.0%7.6%4.7%2.4%3.6%9.6dcooling$54k4h/1hByHycalc
AsterMEXCCEX4.6%0.3%7.3%3.0%4.2%6.2%6.0dsteady$5klow OIAsMxcalc
BybitCEXBitgetCEX0.0%0.0%7.9%4.9%1.9%2.9%11dcooling$447kByBgcalc
VariationalBinanceCEX0.0%0.0%6.4%2.5%3.8%5.6%5.7dcooling$6klow OIspread not incl.VaBncalc
VariationalHyperliquid0.0%0.0%6.1%3.7%3.7%5.6%5.4dcooling$6klow OI4h/1hspread not incl.VaHycalc
VariationalBitgetCEX0.0%0.0%6.4%4.0%3.3%4.9%6.9dcooling$6klow OIspread not incl.VaBgcalc
AsterHyperliquid4.6%0.3%7.2%3.2%2.7%4.1%8.7dsteady$5klow OI4h/1hAsHycalc
VariationalGateCEX−12.9%−0.3%6.3%3.0%2.4%3.7%8.6dcooling$6klow OIspread not incl.VaGtcalc
AsterBitgetCEX4.6%0.3%7.5%3.5%2.3%3.4%9.8dsteady$5klow OIAsBgcalc
BybitCEXGateCEX−12.9%−0.3%7.9%4.0%1.1%1.6%12dcooling$72kByGtcalc
AsterBinanceCEX4.6%0.3%6.5%2.5%1.8%2.8%10dsteady$5klow OIAsBncalc
AsterGateCEX−8.3%0.0%7.4%2.5%1.4%2.1%11dcooling$5klow OIAsGtcalc
AsterVariational4.6%0.3%1.1%−0.5%−1.0%−1.5%27dweak$5klow OIspread not incl.AsVacalc
BybitCEXVariational0.0%0.0%1.5%1.0%−1.4%−2.0%27dweak$6klow OIspread not incl.ByVacalc
HyperliquidMEXCCEX0.0%0.0%0.1%−0.2%−3.3%−4.9%355dweak$54k1h/4hHyMxcalc
MEXCCEXBinanceCEX0.0%0.0%0.0%0.0%−3.6%−5.5%>999dweak$199kMxBncalc
MEXCCEXBitgetCEX0.0%0.0%0.2%0.5%−4.0%−6.0%329dweak$199kMxBgcalc
HyperliquidBinanceCEX0.0%0.0%0.2%0.0%−4.8%−7.2%406dweak$54k1h/4hHyBncalc
MEXCCEXGateCEX−12.9%−0.3%0.1%−0.5%−4.8%−7.2%534dweak$72kMxGtcalc
GateCEXMEXCCEX12.9%0.3%−0.1%0.5%−5.1%−7.6%—weak$72kGtMxcalc
HyperliquidBitgetCEX0.0%0.0%0.3%0.2%−5.2%−7.7%247dweak$54k1h/4hHyBgcalc
BinanceCEXBitgetCEX0.0%0.0%0.2%0.3%−5.5%−8.3%419dweak$447kBnBgcalc
HyperliquidGateCEX−12.9%−0.3%0.3%−0.7%−6.0%−9.0%333dweak$54k1h/4hHyGtcalc
BinanceCEXGateCEX−12.9%−0.3%0.1%−0.5%−6.4%−9.6%670dweak$72kBnGtcalc
GateCEXHyperliquid12.9%0.3%−0.3%0.7%−6.5%−9.8%—weak$54k4h/1hGtHycalc
GateCEXBinanceCEX12.9%0.3%−0.1%0.5%−6.7%−10.0%—weak$72kGtBncalc
GateCEXBitgetCEX12.9%0.3%0.0%1.0%−7.0%−10.5%>999dweak$72kGtBgcalc
BybitCEXAster−4.6%−0.3%0.4%1.5%−4.5%−6.8%161dweak$5klow OIByAscalc
AsterBybitCEX4.6%0.3%−0.4%−1.5%−5.4%−8.1%—weak$5klow OIAsBycalc
GateCEXBybitCEX12.9%0.3%−7.9%−4.0%−14.6%−21.9%—weak$72kGtBycalc
GateCEXVariational12.9%0.3%−6.3%−3.0%−10.3%−15.4%—weak$6klow OIspread not incl.GtVacalc
GateCEXAster8.3%0.0%−7.4%−2.5%−13.4%−20.1%—weak$5klow OIGtAscalc
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 08:06 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 0.0743165, sell on Bitget at 0.07451: 0.260% before fees, 0.140% after taker fees.

HYPER: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Bitget0.07451Bybit0.07446Aster0.0744527Gate0.0744Hyperliquid0.074397Binance0.07438MEXC0.07434Variational0.0743165
Variational0.07431650.260%0.193%0.183%0.112%0.108%0.085%0.032%—
MEXC0.074340.228%0.161%0.152%0.081%0.077%0.054%—−0.032%
Binance0.074380.175%0.107%0.098%0.027%0.023%—−0.054%−0.085%
Hyperliquid0.0743970.152%0.085%0.075%0.004%—−0.023%−0.077%−0.108%
Gate0.07440.148%0.081%0.071%—−0.004%−0.027%−0.081%−0.112%
Aster0.07445270.077%0.010%—−0.071%−0.075%−0.098%−0.152%−0.183%
Bybit0.074460.067%—−0.010%−0.081%−0.085%−0.107%−0.161%−0.193%
Bitget0.07451—−0.067%−0.077%−0.148%−0.152%−0.175%−0.228%−0.260%
All quotes (8)
VenueBidAskQualityAgeVol 24hFlags
Aster0.07445270.0744527mark7m$8kno FX
BinanceCEX0.074380.07438mark6m$3.6Mno FX
BitgetCEX0.074510.07451mark6m$437kno FX
BybitCEX0.074460.07446mark6m$787kno FX
GateCEX0.07440.0744mark6m$65kno FX
Hyperliquid0.0743970.074397mark7m$142k
MEXCCEX0.074340.07434mark7m$134kno FX
Variational0.07431650.0743165mark7m$2k

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

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