MELI funding rates

MELI perpetual funding across 3 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 08:56 UTC · refreshed every 5 min

Best pair · 7d: 4.4%long Bitget, short Extended · net −0.1%
Highest funding now: 4.4%Extended
Lowest funding now: 0.0%BitgetCEX
Listed on: 3 venues

Funding by venue

													Flags	Open
Extended	MELI-USD	4.4%	4.4%	4.4%	4.4%	4.4%	100%	1h	09:00	1,892	$2k	$0	TradFi	ExExtended
BitgetCEX	MELIUSDT	0.0%	0.0%	0.0%	0.0%	0.0%	0%	8h	16:00	1,892	$65k	$13k	TradFi	BgBitget
GateCEX	MELI_USDT	0.0%	0.0%	0.0%	−0.2%	0.0%	0%	8h	16:00	1,894	$66k	$525	TradFi	GtGate

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
BitgetCEX	Extended	4.4%	4.4%	4.4%	4.4%	−0.1%	−0.1%	14d	weak	$2k	low OI8h/1hTradFi	Bg Ex	calc
GateCEX	Extended	4.4%	4.4%	4.4%	4.6%	−0.8%	−1.3%	17d	weak	$2k	low OI8h/1hTradFi	Gt Ex	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 08:56 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.

MELI · TradFi

No two venues give a usable spread right now.

MELI: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Gate1,893.5	Bitget1,892.3	Extended1,891.88
Extended1,891.88	0.086%	0.022%	—
Bitget1,892.3	0.063%	—	−0.022%
Gate1,893.5	—	−0.063%	−0.086%

All quotes (3)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
BitgetCEX	1,892.3	1,892.3	mark	6m	$13k	closedno FX
Extended	1,891.88	1,891.88	mark	6m	$0	closed
GateCEX	1,893.5	1,893.5	mark	6m	$525	closedno FX

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

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