KERNEL funding rates
KERNEL perpetual funding across 6 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 8.1%long MEXC, short Gate · net 3.1%
- Highest funding now
- 10.9%BnBinanceCEX
- Lowest funding now
- 10.9%BnBinanceCEX
- Listed on
- 6 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BnBinanceCEX | KERNELUSDT | 10.9% | 10.9% | 10.9% | −134% | 10.9% | 100% | 4h | 08:00 | 0.05035 | $1.7M | $833k | BnBinance | ||
| ByBybitCEX | KERNELUSDT | 10.9% | 10.9% | 12.3% | −99.9% | 12.5% | 100% | 4h | 08:00 | 0.05044 | $958k | $125k | ByBybit | ||
| BgBitgetCEX | KERNELUSDT | 10.9% | 10.9% | 10.9% | −90.4% | 10.9% | 100% | 4h | 08:00 | 0.05033 | $403k | $45k | BgBitget | ||
| GtGateCEX | KERNEL_USDT | 10.9% | 10.9% | 19.0% | −87.7% | 20.4% | 100% | 4h | 08:00 | 0.05043 | $417k | $24k | GtGate | ||
| MxMEXCCEX | KERNEL_USDT | 10.9% | 10.9% | 10.9% | −101% | 10.9% | 100% | 4h | 08:00 | 0.05043 | $445k | $109k | MxMEXC | ||
| VaVariational | KERNEL | 10.9% | 11.2% | 12.1% | −107% | 12.3% | 100% | 4h | — | 0.05044 | $2k | $192 | VaVariational |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| MxMEXCCEX | GtGateCEX | 0.0% | 0.0% | 8.1% | 13.3% | 3.1% | 4.7% | 8.6d | cooling | $417k | MxGt | calc | ||
| BnBinanceCEX | GtGateCEX | 0.0% | 0.0% | 8.1% | 15.7% | 1.5% | 2.3% | 11d | cooling | $417k | BnGt | calc | ||
| VaVariational | GtGateCEX | 0.0% | −0.2% | 6.9% | 19.5% | 3.0% | 4.4% | 8.0d | cooling | $2k | low OIspread not incl. | VaGt | calc | |
| BgBitgetCEX | GtGateCEX | 0.0% | 0.0% | 8.1% | 2.7% | 1.0% | 1.5% | 12d | cooling | $403k | BgGt | calc | ||
| MxMEXCCEX | VaVariational | 0.0% | 0.2% | 1.2% | −6.2% | 0.1% | 0.2% | 12d | weak | $2k | low OIspread not incl. | MxVa | calc | |
| ByBybitCEX | GtGateCEX | 0.0% | 0.0% | 6.8% | 12.2% | 0.0% | 0.0% | 14d | cooling | $417k | ByGt | calc | ||
| MxMEXCCEX | ByBybitCEX | 0.0% | 0.0% | 1.3% | 1.1% | −2.6% | −3.9% | 42d | weak | $445k | MxBy | calc | ||
| BnBinanceCEX | VaVariational | 0.0% | 0.2% | 1.2% | −8.7% | −1.4% | −2.1% | 31d | weak | $2k | low OIspread not incl. | BnVa | calc | |
| BgBitgetCEX | VaVariational | 0.0% | 0.2% | 1.2% | −16.8% | −1.9% | −2.9% | 37d | weak | $2k | low OIspread not incl. | BgVa | calc | |
| BnBinanceCEX | ByBybitCEX | 0.0% | 0.0% | 1.3% | 0.6% | −4.2% | −6.3% | 59d | weak | $958k | BnBy | calc | ||
| BgBitgetCEX | ByBybitCEX | 0.0% | 0.0% | 1.3% | −9.5% | −4.7% | −7.0% | 64d | weak | $403k | BgBy | calc | ||
| VaVariational | ByBybitCEX | 0.0% | −0.2% | 0.1% | 7.3% | −2.8% | −4.1% | 362d | weak | $2k | low OIspread not incl. | VaBy | calc | |
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 04:55 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 Bitget at 0.05033, sell on Variational at 0.0504427: 0.224% before fees, 0.104% after taker fees.
| Buy ↓ · Sell → | VaVariational0.0504427 | ByBybit0.05044 | GtGate0.05043 | MxMEXC0.05043 | BnBinance0.0503459 | BgBitget0.05033 |
|---|---|---|---|---|---|---|
| BgBitget0.05033 | 0.224% | 0.218% | 0.198% | 0.198% | 0.032% | — |
| BnBinance0.0503459 | 0.192% | 0.187% | 0.167% | 0.167% | — | −0.032% |
| GtGate0.05043 | 0.025% | 0.020% | — | 0.000% | −0.167% | −0.198% |
| MxMEXC0.05043 | 0.025% | 0.020% | 0.000% | — | −0.167% | −0.198% |
| ByBybit0.05044 | 0.005% | — | −0.020% | −0.020% | −0.187% | −0.218% |
| VaVariational0.0504427 | — | −0.005% | −0.025% | −0.025% | −0.192% | −0.224% |
All quotes (6)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| BnBinanceCEX | 0.0503459 | 0.0503459 | mark | 5m | $833k | no FX |
| BgBitgetCEX | 0.05033 | 0.05033 | mark | 5m | $45k | no FX |
| ByBybitCEX | 0.05044 | 0.05044 | mark | 5m | $125k | no FX |
| GtGateCEX | 0.05043 | 0.05043 | mark | 5m | $24k | no FX |
| MxMEXCCEX | 0.05043 | 0.05043 | mark | 44s | $109k | no FX |
| VaVariational | 0.0504427 | 0.0504427 | mark | 44s | $192 |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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