ICP funding rates

ICP perpetual funding across 11 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
24.2%long Variational, short Hyperliquid · net 21.9%
Highest funding now
11.4%Extended
Lowest funding now
6.7%GRVT
Listed on
11 venues

Funding by venue

7d chartFlagsOpen
ExtendedICP-USD11.4%7.8%7.4%8.0%7.4%86%1h03:003.49$96k$168kExExtended
HyperliquidICP10.9%9.6%11.6%15.2%11.9%96%1h—3.49$4.8M$3.8MHyHyperliquid
AsterICPUSDT10.9%10.9%10.9%10.4%10.9%100%8h08:003.49$280k$665kAsAster
BinanceCEXICPUSDT10.9%7.6%7.2%7.3%7.1%86%8h08:003.49$33.2M$51.3MBnBinance
BybitCEXICPUSDT10.9%9.4%4.8%4.7%4.1%77%8h08:003.49$21.9M$19.8MByBybit
BitgetCEXICPUSDT10.9%10.9%10.9%10.1%10.9%100%8h08:003.49$8.2M$4.7MBgBitget
MEXCCEXICP_USDT10.9%9.3%6.9%7.2%6.5%83%8h08:003.49$18.8M$12.9MMxMEXC
VariationalICP10.9%−3.3%−12.6%−14.8%−14.2%26%8h—3.49$1.7M$1.4MVaVariational
LighterICP10.5%10.5%10.8%8.5%10.9%100%1h03:003.50$229k$246kLiLighter
GateCEXICP_USDT9.1%4.0%4.9%3.8%5.1%85%8h08:003.49$18.6M$4.6MGtGate
GRVTICP_USDT_Perp6.7%9.8%9.4%9.0%9.3%95%8h08:003.49$674k$409kGrGRVT

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
VariationalLighter−0.4%13.8%23.4%23.3%23.4%35.2%<0.1dcooling$229k8h/1hspread not incl.VaLicalc
VariationalHyperliquid0.0%12.9%24.2%30.0%21.9%32.8%1.4dcooling$1.7M8h/1hspread not incl.VaHycalc
VariationalAster0.0%14.2%23.6%25.2%21.5%32.3%1.2dcooling$280kspread not incl.VaAscalc
VariationalBitgetCEX0.0%14.2%23.6%24.9%20.5%30.7%1.9dcooling$1.7Mspread not incl.VaBgcalc
VariationalGRVT−4.3%13.1%22.0%23.9%19.7%29.5%1.5dcooling$674kspread not incl.VaGrcalc
VariationalExtended0.4%11.0%20.1%22.8%18.8%28.1%0.9dsteady$96k8h/1hspread not incl.VaExcalc
VariationalMEXCCEX0.0%12.5%19.5%22.0%18.5%27.8%0.7dcooling$1.7Mspread not incl.VaMxcalc
VariationalBinanceCEX0.0%10.9%19.9%20.5%17.2%25.9%1.8dcooling$1.7Mspread not incl.VaBncalc
VariationalBybitCEX0.0%12.7%17.5%19.5%14.6%21.9%2.3dcooling$1.7Mspread not incl.VaBycalc
VariationalGateCEX−1.9%7.3%17.6%18.7%13.7%20.5%3.1dcooling$1.7Mspread not incl.VaGtcalc
GateCEXLighter1.4%6.5%5.9%4.6%2.0%2.9%9.3dsteady$229k8h/1hGtLicalc
BybitCEXHyperliquid0.0%0.2%6.8%10.5%1.6%2.4%11dcooling$4.8M8h/1hByHycalc
BybitCEXLighter−0.4%1.1%6.0%3.8%3.1%4.7%6.7dmixed$229k8h/1hByLicalc
MEXCCEXLighter−0.4%1.2%3.9%1.3%2.9%4.3%3.7dmixed$229k8h/1hMxLicalc
MEXCCEXHyperliquid0.0%0.3%4.7%8.0%1.3%2.0%10dcooling$4.8M8h/1hMxHycalc
BybitCEXAster0.0%1.5%6.1%5.7%1.2%1.8%11dcooling$280kByAscalc
ExtendedLighter−0.9%2.7%3.4%0.5%2.1%3.1%5.4dmixed$96kExLicalc
MEXCCEXAster0.0%1.7%4.0%3.1%0.9%1.4%11dweak$280kMxAscalc
BinanceCEXLighter−0.4%2.9%3.6%3.2%1.0%1.5%10dmixed$229k8h/1hBnLicalc
GateCEXHyperliquid1.9%5.6%6.7%11.4%0.4%0.6%13dsteady$4.8M8h/1hGtHycalc
ExtendedHyperliquid−0.4%1.8%4.2%7.2%0.5%0.8%12dmixed$96kExHycalc
BybitCEXBitgetCEX0.0%1.5%6.1%5.4%0.1%0.2%14dcooling$8.2MByBgcalc
ExtendedAster−0.4%3.2%3.5%2.3%0.1%0.2%13dmixed$96k1h/8hExAscalc
GateCEXAster1.9%6.9%6.0%6.5%0.0%0.0%14dsteady$280kGtAscalc
MEXCCEXBitgetCEX0.0%1.7%4.0%2.9%−0.1%−0.2%14dweak$8.2MMxBgcalc
BinanceCEXHyperliquid0.0%2.0%4.4%9.5%−0.6%−0.8%16dweak$4.8M8h/1hBnHycalc
BybitCEXGRVT−4.3%0.4%4.5%4.3%−0.7%−1.0%16dcooling$674kByGrcalc
MEXCCEXGRVT−4.3%0.6%2.5%1.8%−0.9%−1.4%19dweak$674kMxGrcalc
BinanceCEXAster0.0%3.3%3.7%3.2%−1.0%−1.4%18dweak$280kBnAscalc
GateCEXBitgetCEX1.9%6.9%6.0%6.2%−1.0%−1.6%16dsteady$8.2MGtBgcalc
LighterHyperliquid0.4%−0.9%0.8%6.7%−1.5%−2.3%41dweak$229kLiHycalc
BybitCEXExtended0.4%−1.6%2.6%3.3%−1.6%−2.3%22dweak$96k8h/1hByExcalc
GRVTLighter3.8%0.7%1.4%−0.6%−0.9%−1.3%23dmixed$229k8h/1hGrLicalc
MEXCCEXExtended0.4%−1.5%0.5%0.8%−1.8%−2.7%62dweak$96k8h/1hMxExcalc
BybitCEXMEXCCEX0.0%−0.1%2.1%2.5%−1.8%−2.7%26dweak$18.8MByMxcalc
ExtendedBitgetCEX−0.4%3.2%3.5%2.1%−0.9%−1.4%18dmixed$96k1h/8hExBgcalc
GateCEXGRVT−2.4%5.8%4.4%5.2%−1.8%−2.8%20dweak$674kGtGrcalc
LighterAster0.4%0.4%0.1%1.9%−1.9%−2.9%208dweak$229k1h/8hLiAscalc
BinanceCEXBitgetCEX0.0%3.3%3.7%3.2%−2.0%−3.0%21dweak$8.2MBnBgcalc
GRVTHyperliquid4.3%−0.2%2.2%6.2%−2.4%−3.7%29dweak$674k8h/1hGrHycalc
GateCEXExtended2.3%3.8%2.5%4.2%−2.7%−4.1%29dweak$96k8h/1hGtExcalc
BinanceCEXGRVT−4.3%2.2%2.1%1.5%−2.8%−4.2%32dweak$674kBnGrcalc
GRVTAster4.3%1.1%1.6%1.3%−2.8%−4.3%39dweak$280kGrAscalc
LighterBitgetCEX0.4%0.4%0.1%1.6%−3.0%−4.5%311dweak$229k1h/8hLiBgcalc
GateCEXMEXCCEX1.9%5.3%2.0%3.4%−3.0%−4.5%35dweak$18.6MGtMxcalc
BybitCEXBinanceCEX0.0%−1.8%2.4%2.5%−3.1%−4.6%32dweak$21.9MByBncalc
MEXCCEXBinanceCEX0.0%−1.6%0.3%0.1%−3.3%−5.0%165dweak$18.8MMxBncalc
ExtendedGRVT−4.7%2.0%1.9%1.0%−1.7%−2.6%26dmixed$96k1h/8hExGrcalc
BinanceCEXExtended0.4%0.1%0.2%1.0%−3.7%−5.5%252dweak$96k8h/1hBnExcalc
AsterHyperliquid0.0%−1.3%0.7%4.9%−3.8%−5.7%95dweak$280k8h/1hAsHycalc
GRVTBitgetCEX4.3%1.1%1.6%1.0%−3.9%−5.8%48dweak$674kGrBgcalc
GateCEXBinanceCEX1.9%3.6%2.3%3.0%−4.3%−6.4%40dweak$18.6MGtBncalc
BitgetCEXHyperliquid0.0%−1.3%0.7%5.1%−4.8%−7.2%117dweak$4.8M8h/1hBgHycalc
AsterBitgetCEX0.0%0.0%0.0%−0.3%−5.2%−7.8%>999dweak$280kAsBgcalc
BybitCEXGateCEX−1.9%−5.4%0.1%−0.9%−6.7%−10.0%744dweak$18.6MByGtcalc
GateCEXBybitCEX1.9%5.4%−0.1%0.9%−6.9%−10.4%—weak$18.6MGtBycalc
LighterExtended0.9%−2.7%−3.4%−0.5%−4.7%−7.0%—mixed$96kLiExcalc
LighterMEXCCEX0.4%−1.2%−3.9%−1.3%−4.9%−7.4%—mixed$229k1h/8hLiMxcalc
GRVTExtended4.7%−2.0%−1.9%−1.0%−5.6%−8.4%—mixed$96k8h/1hGrExcalc
GRVTMEXCCEX4.3%−0.6%−2.5%−1.8%−5.8%−8.8%—mixed$674kGrMxcalc
LighterBinanceCEX0.4%−2.9%−3.6%−3.2%−6.2%−9.3%—mixed$229k1h/8hLiBncalc
AsterExtended0.4%−3.2%−3.5%−2.3%−6.9%−10.4%—mixed$96k8h/1hAsExcalc
GRVTBinanceCEX4.3%−2.2%−2.1%−1.5%−7.1%−10.7%—mixed$674kGrBncalc
HyperliquidExtended0.4%−1.8%−4.2%−7.2%−7.8%−11.7%—mixed$96kHyExcalc
BitgetCEXExtended0.4%−3.2%−3.5%−2.1%−8.0%−11.9%—mixed$96k8h/1hBgExcalc
LighterBybitCEX0.4%−1.1%−6.0%−3.8%−8.9%−13.3%—mixed$229k1h/8hLiBycalc
GRVTBybitCEX4.3%−0.4%−4.5%−4.3%−9.8%−14.6%—mixed$674kGrBycalc
GRVTGateCEX2.4%−5.8%−4.4%−5.2%−10.7%−16.0%—mixed$674kGrGtcalc
GateCEXVariational1.9%−7.3%−17.6%−18.7%−21.5%−32.2%—mixed$1.7Mspread not incl.GtVacalc
LighterVariational0.4%−13.8%−23.4%−23.3%−23.4%−35.2%—mixed$229k1h/8hspread not incl.LiVacalc
GRVTVariational4.3%−13.1%−22.0%−23.9%−24.3%−36.5%—mixed$674kspread not incl.GrVacalc
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 02:32 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 3.48514, sell on Lighter at 3.5021: 0.485% before fees, 0.435% after taker fees.

ICP: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Lighter3.5021Hyperliquid3.4943Binance3.494Bitget3.494Bybit3.494Gate3.494Aster3.49048GRVT3.48906MEXC3.488Variational3.48686Extended3.48514
Extended3.485140.485%0.262%0.254%0.254%0.254%0.254%0.153%0.112%0.082%0.049%—
Variational3.486860.436%0.213%0.205%0.205%0.205%0.205%0.104%0.063%0.033%—−0.049%
MEXC3.4880.403%0.180%0.172%0.172%0.172%0.172%0.071%0.030%—−0.033%−0.082%
GRVT3.489060.373%0.150%0.142%0.142%0.142%0.142%0.041%—−0.030%−0.063%−0.112%
Aster3.490480.332%0.110%0.101%0.101%0.101%0.101%—−0.041%−0.071%−0.104%−0.153%
Binance3.4940.232%0.009%—0.000%0.000%0.000%−0.101%−0.142%−0.172%−0.205%−0.254%
Bitget3.4940.232%0.009%0.000%—0.000%0.000%−0.101%−0.142%−0.172%−0.205%−0.254%
Bybit3.4940.232%0.009%0.000%0.000%—0.000%−0.101%−0.142%−0.172%−0.205%−0.254%
Gate3.4940.232%0.009%0.000%0.000%0.000%—−0.101%−0.142%−0.172%−0.205%−0.254%
Hyperliquid3.49430.223%—−0.009%−0.009%−0.009%−0.009%−0.110%−0.150%−0.180%−0.213%−0.262%
Lighter3.5021—−0.223%−0.232%−0.232%−0.232%−0.232%−0.332%−0.373%−0.403%−0.436%−0.485%
All quotes (11)
VenueBidAskQualityAgeVol 24hFlags
Aster3.490483.49048mark3m$665kno FX
BinanceCEX3.4943.494mark2m$51.3Mno FX
BitgetCEX3.4943.494mark2m$4.7Mno FX
BybitCEX3.4943.494mark2m$19.8Mno FX
Extended3.485143.48514mark3m$168k
GateCEX3.4943.494mark2m$4.6Mno FX
GRVT3.489063.48906mark3m$409kno FX
Hyperliquid3.49433.4943mark3m$3.8M
Lighter3.50213.5021mark3m$246k
MEXCCEX3.4883.488mark86s$12.9Mno FX
Variational3.486863.48686mark3m$1.4M

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

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