KAS funding rates

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

· refreshed every 5 min

Best pair · 7d
7.9%long Variational, short Hyperliquid · net 5.5%
Highest funding now
10.9%Hyperliquid
Lowest funding now
10.9%Hyperliquid
Listed on
8 venues

Funding by venue

7d chartFlagsOpen
HyperliquidKAS10.9%10.9%11.1%13.6%11.1%100%1h—0.04178$2.2M$249kHyHyperliquid
AsterKASUSDT10.9%10.9%10.9%11.0%10.9%100%4h04:000.04181$249k$17kAsAster
BinanceCEXKASUSDT10.9%10.9%10.9%10.9%10.9%100%4h04:000.04175$3.0M$2.4MBnBinance
BybitCEXKASUSDT10.9%10.9%9.5%9.5%9.3%95%4h04:000.04176$9.6M$1.5MByBybit
BitgetCEXKASUSDT10.9%10.9%10.9%9.8%10.9%100%4h04:000.04178$10.8M$788kBgBitget
GateCEXKAS_USDT10.9%4.9%7.3%7.8%7.6%88%8h08:000.04175$12.1M$491kGtGate
MEXCCEXKAS_USDT10.9%10.9%10.9%10.9%10.9%100%4h04:000.04174$25.4M$2.3MMxMEXC
VariationalKAS10.9%10.9%3.2%−1.9%1.9%80%4h—0.04173$55k$61kVaVariational

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
VariationalMEXCCEX0.0%0.0%7.7%12.9%6.7%10.0%1.9dcooling$55kspread not incl.VaMxcalc
VariationalAster0.0%0.0%7.7%12.9%5.6%8.5%3.8dcooling$55kspread not incl.VaAscalc
VariationalHyperliquid0.0%0.0%7.9%15.5%5.5%8.3%4.2dcooling$55k4h/1hspread not incl.VaHycalc
VariationalBinanceCEX0.0%0.0%7.7%9.9%5.1%7.7%4.7dcooling$55kspread not incl.VaBncalc
VariationalBitgetCEX0.0%0.0%7.7%11.7%4.6%6.9%5.7dcooling$55kspread not incl.VaBgcalc
VariationalBybitCEX0.0%0.0%6.3%11.4%3.4%5.1%6.4dcooling$55kspread not incl.VaBycalc
VariationalGateCEX0.0%−6.0%4.0%9.7%0.1%0.2%14dcooling$55k4h/8hspread not incl.VaGtcalc
GateCEXMEXCCEX0.0%6.0%3.7%3.1%−1.3%−1.9%19dweak$12.1M8h/4hGtMxcalc
GateCEXAster0.0%6.0%3.7%3.2%−2.3%−3.4%23dweak$249k8h/4hGtAscalc
GateCEXHyperliquid0.0%6.0%3.8%5.8%−2.4%−3.6%23dweak$2.2M8h/1hGtHycalc
BybitCEXMEXCCEX0.0%0.0%1.4%1.4%−2.5%−3.7%38dweak$9.6MByMxcalc
GateCEXBinanceCEX0.0%6.0%3.7%2.5%−2.8%−4.2%25dweak$3.0M8h/4hGtBncalc
MEXCCEXHyperliquid0.0%0.0%0.2%2.7%−3.2%−4.9%315dweak$2.2M4h/1hMxHycalc
GateCEXBitgetCEX0.0%6.0%3.7%2.0%−3.3%−5.0%27dweak$10.8M8h/4hGtBgcalc
BybitCEXAster0.0%0.0%1.4%1.5%−3.5%−5.3%48dweak$249kByAscalc
BybitCEXHyperliquid0.0%0.0%1.6%4.1%−3.6%−5.4%46dweak$2.2M4h/1hByHycalc
BybitCEXBinanceCEX0.0%0.0%1.4%1.7%−4.0%−6.1%53dweak$3.0MByBncalc
AsterHyperliquid0.0%0.0%0.2%2.6%−4.3%−6.4%413dweak$249k4h/1hAsHycalc
GateCEXBybitCEX0.0%6.0%2.3%1.7%−4.5%−6.8%42dweak$9.6M8h/4hGtBycalc
BybitCEXBitgetCEX0.0%0.0%1.4%0.3%−4.6%−6.8%58dweak$9.6MByBgcalc
BinanceCEXHyperliquid0.0%0.0%0.2%3.6%−4.8%−7.2%461dweak$2.2M4h/1hBnHycalc
BitgetCEXHyperliquid0.0%0.0%0.2%3.8%−5.3%−8.0%510dweak$2.2M4h/1hBgHycalc
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 03:56 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 0.0417289, sell on Aster at 0.0418125: 0.200% before fees, 0.120% after taker fees.

KAS: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Aster0.0418125Bitget0.04178Hyperliquid0.041777Bybit0.04176Binance0.04175Gate0.04175MEXC0.04174Variational0.0417289
Variational0.04172890.200%0.122%0.115%0.075%0.051%0.051%0.027%—
MEXC0.041740.174%0.096%0.089%0.048%0.024%0.024%—−0.027%
Binance0.041750.150%0.072%0.065%0.024%—0.000%−0.024%−0.051%
Gate0.041750.150%0.072%0.065%0.024%0.000%—−0.024%−0.051%
Bybit0.041760.126%0.048%0.041%—−0.024%−0.024%−0.048%−0.075%
Hyperliquid0.0417770.085%0.007%—−0.041%−0.065%−0.065%−0.089%−0.115%
Bitget0.041780.078%—−0.007%−0.048%−0.072%−0.072%−0.096%−0.122%
Aster0.0418125—−0.078%−0.085%−0.126%−0.150%−0.150%−0.174%−0.200%
All quotes (8)
VenueBidAskQualityAgeVol 24hFlags
Aster0.04181250.0418125mark3m$17kno FX
BinanceCEX0.041750.04175mark3m$2.4Mno FX
BitgetCEX0.041780.04178mark3m$788kno FX
BybitCEX0.041760.04176mark3m$1.5Mno FX
GateCEX0.041750.04175mark3m$491kno FX
Hyperliquid0.0417770.041777mark3m$249k
MEXCCEX0.041740.04174mark4m$2.3Mno FX
Variational0.04172890.0417289mark3m$61k

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

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