ME funding rates

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

Data as of 2026-10-12 03:10 UTC · refreshed every 5 min

Best pair · 7d: 23.9%long Aster, short Variational · net 21.9%
Highest funding now: 10.9%Hyperliquid
Lowest funding now: −44.1%Aster
Listed on: 8 venues

Funding by venue

													Open
Hyperliquid	ME	10.9%	10.9%	10.9%	10.9%	10.9%	100%	1h	—	0.07349	$262k	$61k	HyHyperliquid
BybitCEX	MEUSDT	10.9%	10.5%	7.3%	5.3%	6.8%	83%	4h	04:00	0.07346	$1.5M	$201k	ByBybit
BitgetCEX	MEUSDT	10.9%	10.9%	10.9%	10.6%	10.9%	100%	4h	04:00	0.07347	$713k	$136k	BgBitget
GateCEX	ME_USDT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	8h	08:00	0.0735	$174k	$20k	GtGate
Variational	ME	10.9%	10.9%	10.9%	10.9%	10.9%	100%	4h	—	0.07335	$8k	$5k	VaVariational
BinanceCEX	MEUSDT	−17.6%	−1.2%	6.5%	8.4%	7.8%	83%	4h	04:00	0.07336	$2.4M	$1.2M	BnBinance
MEXCCEX	ME_USDT	−18.6%	−1.2%	6.6%	8.2%	7.9%	87%	4h	04:00	0.07337	$295k	$126k	MxMEXC
Aster	MEUSDT	−44.1%	−33.3%	−13.0%	−3.4%	−9.6%	31%	4h	04:00	0.07342	$8k	$216	AsAster

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.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
Aster	Variational	55.0%	44.2%	23.9%	14.3%	21.9%	32.8%	1.2d	steady	$8k	low OIspread not incl.	As Va	calc
Aster	Hyperliquid	55.0%	44.2%	23.9%	14.3%	19.5%	29.3%	2.6d	steady	$8k	low OI4h/1h	As Hy	calc
Aster	BitgetCEX	55.0%	44.2%	23.9%	14.0%	18.7%	28.1%	3.0d	steady	$8k	low OI	As Bg	calc
Aster	GateCEX	55.0%	44.2%	23.9%	14.3%	17.9%	26.9%	3.5d	steady	$8k	low OI4h/8h	As Gt	calc
Aster	MEXCCEX	25.5%	32.0%	19.6%	11.5%	16.4%	24.7%	2.2d	steady	$8k	low OI	As Mx	calc
Aster	BybitCEX	55.0%	43.8%	20.3%	8.7%	15.3%	23.0%	3.4d	steady	$8k	low OI	As By	calc
Aster	BinanceCEX	26.4%	32.0%	19.5%	11.2%	14.8%	22.2%	3.4d	steady	$8k	low OI	As Bn	calc
MEXCCEX	Variational	29.6%	12.2%	4.4%	2.8%	3.3%	5.0%	3.3d	weak	$8k	low OIspread not incl.	Mx Va	calc
MEXCCEX	Hyperliquid	29.6%	12.2%	4.4%	2.8%	1.0%	1.5%	11d	weak	$262k	4h/1h	Mx Hy	calc
BinanceCEX	Variational	28.6%	12.2%	4.4%	2.5%	1.8%	2.8%	8.2d	weak	$8k	low OIspread not incl.	Bn Va	calc
BybitCEX	Variational	0.0%	0.4%	3.6%	5.6%	0.8%	1.2%	11d	weak	$8k	low OIspread not incl.	By Va	calc
MEXCCEX	BitgetCEX	29.6%	12.2%	4.4%	2.5%	0.2%	0.3%	13d	weak	$295k		Mx Bg	calc
BinanceCEX	Hyperliquid	28.6%	12.2%	4.4%	2.5%	−0.5%	−0.8%	16d	weak	$262k	4h/1h	Bn Hy	calc
MEXCCEX	GateCEX	29.6%	12.2%	4.4%	2.8%	−0.6%	−0.9%	16d	weak	$174k	4h/8h	Mx Gt	calc
BinanceCEX	BitgetCEX	28.6%	12.2%	4.4%	2.5%	−1.3%	−1.9%	18d	weak	$713k		Bn Bg	calc
BybitCEX	Hyperliquid	0.0%	0.4%	3.6%	5.6%	−1.6%	−2.4%	20d	weak	$262k	4h/1h	By Hy	calc
BinanceCEX	GateCEX	28.6%	12.2%	4.4%	2.5%	−2.1%	−3.1%	21d	weak	$174k	4h/8h	Bn Gt	calc
BybitCEX	BitgetCEX	0.0%	0.4%	3.6%	5.3%	−2.4%	−3.5%	23d	weak	$713k		By Bg	calc
BybitCEX	GateCEX	0.0%	0.4%	3.6%	5.6%	−3.1%	−4.7%	26d	weak	$174k	4h/8h	By Gt	calc
MEXCCEX	BybitCEX	29.6%	11.7%	0.7%	−2.8%	−3.2%	−4.8%	75d	weak	$295k		Mx By	calc
BinanceCEX	MEXCCEX	−1.0%	0.0%	0.1%	0.0%	−3.6%	−5.3%	589d	weak	$295k		Bn Mx	calc
MEXCCEX	BinanceCEX	1.0%	0.0%	−0.1%	0.0%	−3.7%	−5.6%	—	weak	$295k		Mx Bn	calc
BinanceCEX	BybitCEX	28.6%	11.7%	0.8%	−2.7%	−4.7%	−7.0%	94d	weak	$1.5M		Bn By	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 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.

ME: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	MEXC0.07337
MEXC0.07337	—

All quotes (8)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
MEXCCEX	0.07337	0.07337	mark	8m	$126k	no FX
Aster	0.0734218	0.0734218	mark	12m	$216	staleno FX
BinanceCEX	0.07336	0.07336	mark	12m	$1.2M	staleno FX
BitgetCEX	0.07347	0.07347	mark	12m	$136k	staleno FX
BybitCEX	0.07346	0.07346	mark	12m	$201k	staleno FX
GateCEX	0.0735	0.0735	mark	12m	$20k	staleno FX
Hyperliquid	0.07349	0.07349	mark	12m	$61k	stale
Variational	0.0733476	0.0733476	mark	12m	$5k	stale

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

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