IO funding rates

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

· refreshed every 5 min

Best pair · 7d
9.3%long Bybit, short Extended · net 5.1%
Highest funding now
15.8%Hyperliquid
Lowest funding now
10.9%Aster
Listed on
9 venues

Funding by venue

7d chartFlagsOpen
HyperliquidIO15.8%13.4%10.5%4.9%10.0%97%1h—0.1841$2.3M$2.2MHyHyperliquid
ExtendedIO-USD11.4%9.5%11.1%10.3%11.4%99%1h04:000.1835$503$97kExExtended
AsterIOUSDT10.9%10.9%10.9%9.8%10.9%100%4h04:000.1837$51k$103kAsAster
BinanceCEXIOUSDT10.9%9.0%10.7%10.9%10.9%99%4h04:000.1835$5.2M$21.5MBnBinance
BybitCEXIOUSDT10.9%9.7%1.8%6.4%0.5%71%4h04:000.1836$2.3M$5.0MByBybit
BitgetCEXIOUSDT10.9%10.9%10.9%10.9%10.9%100%4h04:000.1836$1.6M$2.4MBgBitget
GateCEXIO_USDT10.9%10.8%10.9%10.3%10.9%100%4h04:000.1836$430k$823kGtGate
MEXCCEXIO_USDT10.9%9.9%1.9%6.4%0.5%69%4h04:000.188$2.3M$1.1MMxMEXC
VariationalIO10.9%10.9%8.9%9.9%8.6%93%4h—0.1847$258k$284kVaVariational

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
MEXCCEXVariational0.0%1.1%7.1%3.5%6.0%9.0%2.1dcooling$258kspread not incl.MxVacalc
BybitCEXVariational0.0%1.2%7.1%3.5%4.2%6.3%5.7dcooling$258kspread not incl.ByVacalc
BybitCEXAster0.0%1.2%9.1%3.5%4.2%6.2%7.6dcooling$51kByAscalc
BybitCEXHyperliquid4.9%3.7%8.6%−1.5%3.4%5.1%8.4dsteady$2.3M4h/1hByHycalc
BybitCEXBinanceCEX0.0%−0.7%8.8%3.8%3.4%5.1%8.7dcooling$2.3MByBncalc
BybitCEXBitgetCEX0.0%1.2%9.1%4.6%3.1%4.7%9.2dcooling$1.6MByBgcalc
BybitCEXExtended0.4%−0.2%9.3%3.9%5.1%7.7%6.3dcooling$503low OI4h/1hByExcalc
BybitCEXGateCEX0.0%1.1%9.1%3.9%2.3%3.5%10dcooling$430kByGtcalc
MEXCCEXAster0.0%1.1%9.1%3.5%5.9%8.9%4.8dcooling$51k≠ asset?MxAscalc
MEXCCEXHyperliquid4.9%3.5%8.6%−1.5%5.2%7.8%5.5dsteady$2.3M≠ asset?4h/1hMxHycalc
MEXCCEXBinanceCEX0.0%−0.9%8.8%3.8%5.2%7.7%5.8dcooling$2.3M≠ asset?MxBncalc
MEXCCEXBitgetCEX0.0%1.1%9.1%4.6%4.9%7.4%6.4dcooling$1.6M≠ asset?MxBgcalc
VariationalExtended0.4%−1.4%2.2%0.4%0.9%1.3%8.3dweak$503low OI4h/1hspread not incl.VaExcalc
MEXCCEXGateCEX0.0%0.9%9.1%3.9%4.1%6.2%7.7dcooling$430k≠ asset?MxGtcalc
MEXCCEXExtended0.4%−0.4%9.3%3.9%6.9%10.4%3.6dcooling$503≠ asset?low OI4h/1hMxExcalc
VariationalAster0.0%0.0%2.0%0.0%−0.1%−0.1%14dweak$51kspread not incl.VaAscalc
VariationalHyperliquid4.9%2.5%1.5%−5.0%−0.8%−1.2%21dweak$258k4h/1hspread not incl.VaHycalc
VariationalBinanceCEX0.0%−1.9%1.8%0.5%−0.9%−1.3%21dweak$258kspread not incl.VaBncalc
VariationalBitgetCEX0.0%0.0%2.0%1.1%−1.1%−1.7%22dweak$258kspread not incl.VaBgcalc
VariationalGateCEX0.0%−0.1%2.0%0.4%−1.9%−2.9%27dweak$258kspread not incl.VaGtcalc
HyperliquidAster−4.9%−2.5%0.5%4.9%−4.0%−5.9%130dweak$51k1h/4hHyAscalc
BinanceCEXAster0.0%1.9%0.3%0.2%−4.4%−6.6%241dweak$51kBnAscalc
HyperliquidBinanceCEX−4.9%−4.4%0.2%4.7%−4.8%−7.1%341dweak$2.3M1h/4hHyBncalc
AsterHyperliquid4.9%2.5%−0.5%−4.9%−4.9%−7.4%—weak$51k4h/1hAsHycalc
HyperliquidBitgetCEX−4.9%−2.5%0.5%6.0%−5.0%−7.5%161dweak$1.6M1h/4hHyBgcalc
BinanceCEXHyperliquid4.9%4.4%−0.2%−4.7%−5.2%−7.7%—weak$2.3M4h/1hBnHycalc
BinanceCEXBitgetCEX0.0%1.9%0.3%0.1%−5.5%−8.2%294dweak$1.6MBnBgcalc
HyperliquidGateCEX−4.9%−2.6%0.5%5.4%−5.8%−8.7%191dweak$430k1h/4hHyGtcalc
BitgetCEXHyperliquid4.9%2.5%−0.5%−6.0%−6.0%−8.9%—weak$1.6M4h/1hBgHycalc
GateCEXAster0.0%0.1%0.0%−0.5%−6.0%−9.0%>999dweak$51kGtAscalc
HyperliquidExtended−4.5%−3.9%0.6%5.4%−3.0%−4.5%79dweak$503low OIHyExcalc
BinanceCEXGateCEX0.0%1.8%0.3%−0.4%−6.3%−9.4%359dweak$430kBnGtcalc
AsterExtended0.4%−1.4%0.2%0.5%−3.2%−4.8%276dweak$503low OI4h/1hAsExcalc
GateCEXHyperliquid4.9%2.6%−0.5%−5.4%−6.7%−10.1%—weak$430k4h/1hGtHycalc
BinanceCEXExtended0.4%0.5%0.4%0.4%−3.5%−5.2%123dweak$503low OI4h/1hBnExcalc
GateCEXBitgetCEX0.0%0.1%0.0%0.7%−7.0%−10.5%>999dweak$430kGtBgcalc
BitgetCEXExtended0.4%−1.4%0.2%−0.6%−4.3%−6.4%361dweak$503low OI4h/1hBgExcalc
GateCEXExtended0.4%−1.3%0.2%0.0%−5.0%−7.5%383dweak$503low OI4h/1hGtExcalc
ExtendedHyperliquid4.5%3.9%−0.6%−5.4%−4.3%−6.4%—mixed$503low OIExHycalc
BybitCEXMEXCCEX0.0%0.2%0.0%0.0%−3.9%−5.8%>999dweak$2.3M≠ asset?ByMxcalc
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.

IO: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →MEXC0.188
MEXC0.188—
All quotes (9)
VenueBidAskQualityAgeVol 24hFlags
MEXCCEX0.1880.188mark7m$1.1Mno FX
Aster0.1836970.183697mark12m$103kstaleno FX
BinanceCEX0.1835060.183506mark12m$21.5Mstaleno FX
BitgetCEX0.18360.1836mark12m$2.4Mstaleno FX
BybitCEX0.183620.18362mark12m$5.0Mstaleno FX
Extended0.1834780.183478mark12m$97kstale
GateCEX0.183610.18361mark12m$823kstaleno FX
Hyperliquid0.184140.18414mark12m$2.2Mstale
Variational0.1846550.184655mark12m$284kstale

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

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