IWM funding rates

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

· refreshed every 5 min

Best pair · 7d
8.8%long Bybit, short GRVT · net 3.6%
Highest funding now
40.4%GRVT
Lowest funding now
0.0%Aster
Listed on
8 venues

Funding by venue

7d chartFlagsOpen
GRVTIWM_USDT_Perp40.4%6.6%8.8%3.1%9.1%48%8h08:00280.49$867$106kTradFiGrGRVT
MEXCCEXIWM_USDT24.3%1.1%5.6%−1.5%6.4%45%8h08:00280.29$711k$102kTradFiMxMEXC
VariationalIWM20.0%0.8%4.3%1.0%4.9%30%8h—280.21$326k$115kTradFiVaVariational
LighterIWM3.5%3.5%3.5%2.9%3.5%100%1h06:00280.09$59k$0TradFiLiLighter
AsterIWMUSDT0.0%0.0%0.2%0.0%0.2%5%8h08:00280.42$11k$11kTradFiAsAster
BybitCEXIWMUSDT0.0%0.0%0.0%−1.2%0.0%0%8h08:00280.38$895k$109kTradFiByBybit
BitgetCEXIWMUSDT0.0%0.0%1.8%0.4%2.1%24%8h08:00280.65$550k$95kTradFiBgBitget
GateCEXIWM_USDT0.0%0.0%0.0%−0.2%0.0%0%8h08:00280.36$151k$95kTradFiGtGate

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
AsterGRVT40.4%6.6%8.6%3.1%4.1%6.2%7.2dsteady$867low OITradFiAsGrcalc
BybitCEXGRVT40.4%6.6%8.8%4.3%3.6%5.3%8.3dsteady$867low OITradFiByGrcalc
BybitCEXMEXCCEX24.3%1.1%5.6%−0.3%1.7%2.6%9.8dsteady$711kTradFiByMxcalc
BybitCEXVariational20.0%0.8%4.3%2.2%1.4%2.2%9.3dweak$326kTradFispread not incl.ByVacalc
GateCEXGRVT40.4%6.6%8.8%3.3%2.5%3.8%10.0dsteady$867low OITradFiGtGrcalc
AsterMEXCCEX24.3%1.1%5.4%−1.5%2.3%3.4%8.1dsteady$11klow OITradFiAsMxcalc
VariationalGRVT20.4%5.9%4.5%2.1%2.1%3.2%7.4dweak$867low OITradFispread not incl.VaGrcalc
AsterVariational20.0%0.8%4.1%1.0%2.0%3.0%7.1dweak$11klow OITradFispread not incl.AsVacalc
BitgetCEXGRVT40.4%6.6%7.0%2.7%1.5%2.2%11dsteady$867low OITradFiBgGrcalc
LighterGRVT36.9%3.1%5.3%0.3%2.9%4.4%6.2dsteady$867low OI1h/8hTradFiLiGrcalc
GateCEXMEXCCEX24.3%1.1%5.6%−1.2%0.7%1.0%12dsteady$151kTradFiGtMxcalc
BybitCEXLighter3.5%3.5%3.5%4.1%0.6%1.0%11dweak$59k8h/1hTradFiByLicalc
AsterLighter3.5%3.5%3.3%2.8%1.2%1.8%8.8dweak$11klow OI8h/1hTradFiAsLicalc
LighterMEXCCEX20.8%−2.4%2.1%−4.3%1.1%1.6%6.9dmixed$59k1h/8hTradFiLiMxcalc
LighterVariational16.5%−2.7%0.8%−1.8%0.8%1.2%<0.1dmixed$59k1h/8hTradFispread not incl.LiVacalc
GateCEXVariational20.0%0.8%4.3%1.2%0.4%0.6%13dweak$151kTradFispread not incl.GtVacalc
VariationalMEXCCEX4.3%0.3%1.3%−2.5%0.3%0.4%11dweak$326kTradFispread not incl.VaMxcalc
BitgetCEXMEXCCEX24.3%1.1%3.8%−1.9%−0.4%−0.5%15dweak$550kTradFiBgMxcalc
GateCEXLighter3.5%3.5%3.5%3.1%−0.4%−0.6%16dweak$59k8h/1hTradFiGtLicalc
MEXCCEXGRVT16.1%5.6%3.2%4.6%−0.2%−0.4%15dweak$867low OITradFiMxGrcalc
BitgetCEXVariational20.0%0.8%2.5%0.6%−0.6%−0.9%17dweak$326kTradFispread not incl.BgVacalc
BitgetCEXLighter3.5%3.5%1.7%2.4%−1.4%−2.2%26dweak$59k8h/1hTradFiBgLicalc
BybitCEXBitgetCEX0.0%0.0%1.8%1.6%−4.2%−6.3%46dweak$550kTradFiByBgcalc
GateCEXBitgetCEX0.0%0.0%1.8%0.6%−5.2%−7.8%54dweak$151kTradFiGtBgcalc
AsterBitgetCEX0.0%0.0%1.6%0.4%−3.6%−5.4%45dweak$11klow OITradFiAsBgcalc
BybitCEXAster0.0%0.0%0.2%1.3%−4.7%−7.1%340dweak$11klow OITradFiByAscalc
GateCEXAster0.0%0.0%0.2%0.3%−5.8%−8.7%412dweak$11klow OITradFiGtAscalc
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 05:31 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.

IWM · TradFi

No two venues give a usable spread right now.

IWM: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Bitget280.65GRVT280.486Aster280.416Bybit280.38Gate280.36MEXC280.29Variational280.208Lighter280.09
Lighter280.090.200%0.141%0.116%0.103%0.096%0.071%0.042%—
Variational280.2080.158%0.099%0.074%0.061%0.054%0.029%—−0.042%
MEXC280.290.128%0.070%0.045%0.032%0.025%—−0.029%−0.071%
Gate280.360.103%0.045%0.020%0.007%—−0.025%−0.054%−0.096%
Bybit280.380.096%0.038%0.013%—−0.007%−0.032%−0.061%−0.103%
Aster280.4160.083%0.025%—−0.013%−0.020%−0.045%−0.074%−0.116%
GRVT280.4860.058%—−0.025%−0.038%−0.045%−0.070%−0.099%−0.141%
Bitget280.65—−0.058%−0.083%−0.096%−0.103%−0.128%−0.158%−0.200%
All quotes (8)
VenueBidAskQualityAgeVol 24hFlags
Aster280.416280.416mark8m$11kclosedno FX
BitgetCEX280.65280.65mark7m$95kclosedno FX
BybitCEX280.38280.38mark7m$109kclosedno FX
GateCEX280.36280.36mark7m$95kclosedno FX
GRVT280.486280.486mark8m$106kclosedno FX
Lighter280.09280.09mark8m$0closed
MEXCCEX280.29280.29mark8m$102kclosedno FX
Variational280.208280.208mark8m$115kclosed

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

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