MON funding rates

MON perpetual funding across 13 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 02:27 UTC · refreshed every 5 min

Best pair · 7d: 23.6%long Nado, short RISEx · net 20.2%
Highest funding now: 11.6%RISEx
Lowest funding now: −9.7%Nado
Listed on: 13 venues

Funding by venue

													Open
RISEx	MON/USDC	11.6%	18.6%	6.5%	—	—	75%	1h	03:00	0.02687	$73k	$374k	RxRISEx
Extended	MON-USD	11.4%	11.4%	5.5%	9.4%	4.6%	76%	1h	03:00	0.02689	$130k	$317k	ExExtended
Hyperliquid	MON	10.9%	11.3%	13.2%	19.3%	13.5%	99%	1h	—	0.02689	$52.1M	$10.7M	HyHyperliquid
Aster	MONUSDT	10.9%	10.9%	9.9%	8.7%	9.7%	98%	4h	04:00	0.02687	$147k	$66k	AsAster
GRVT	MON_USDT_Perp	10.9%	10.9%	10.9%	11.5%	10.9%	100%	4h	04:00	0.02688	$599k	$449k	GrGRVT
RWA Perp	PERP_MON_USDC	10.9%	18.9%	49.1%	15.2%	54.1%	95%	4h	04:00	0.02687	$88k	$73k	RwRWA Perp
BinanceCEX	MONUSDT	10.9%	10.9%	4.7%	8.6%	3.7%	73%	4h	04:00	0.02687	$33.1M	$21.3M	BnBinance
BitgetCEX	MONUSDT	10.9%	10.9%	10.9%	9.8%	10.9%	100%	4h	04:00	0.02688	$3.0M	$1.1M	BgBitget
GateCEX	MON_USDT	10.9%	1.3%	2.9%	5.2%	3.1%	69%	4h	04:00	0.02687	$797k	$655k	GtGate
Variational	MON	10.9%	10.3%	4.6%	7.5%	3.7%	77%	8h	—	0.02698	$1.3M	$773k	VaVariational
Lighter	MON	10.5%	10.5%	10.5%	14.3%	10.5%	100%	1h	03:00	0.02729	$395k	$315k	LiLighter
BybitCEX	MONUSDT	6.8%	4.3%	−3.1%	3.2%	−4.4%	54%	8h	08:00	0.02688	$23.3M	$13.6M	ByBybit
Nado	MON-PERP_USDT0	−9.7%	−3.4%	−7.2%	7.0%	−7.9%	43%	1h	03:00	0.02686	$743k	$301k	NaNado

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
Nado	RISEx	21.3%	22.0%	23.6%	—	20.2%	30.3%	2.0d	new	$73k		Na Rx	calc
Nado	Hyperliquid	20.7%	14.6%	20.4%	12.3%	16.2%	24.3%	2.9d	steady	$743k		Na Hy	calc
Nado	Lighter	20.2%	13.9%	17.7%	7.4%	15.9%	23.9%	1.4d	steady	$395k		Na Li	calc
Nado	GRVT	20.7%	14.3%	18.2%	4.5%	14.0%	21.0%	3.2d	steady	$599k	1h/4h	Na Gr	calc
Nado	BitgetCEX	20.7%	14.3%	18.2%	2.8%	13.2%	19.8%	3.8d	steady	$743k	1h/4h	Na Bg	calc
Nado	Aster	20.7%	14.3%	17.1%	1.8%	13.2%	19.8%	3.2d	steady	$147k	1h/4h	Na As	calc
BybitCEX	Hyperliquid	4.2%	7.0%	16.3%	16.1%	11.1%	16.7%	4.5d	steady	$23.3M	8h/1h	By Hy	calc
BybitCEX	Lighter	3.7%	6.2%	13.7%	11.2%	10.8%	16.2%	2.9d	steady	$395k	8h/1h	By Li	calc
Nado	Variational	20.7%	13.6%	11.8%	0.5%	10.0%	15.0%	2.2d	steady	$743k	1h/8hspread not incl.	Na Va	calc
Nado	Extended	21.1%	14.7%	12.8%	2.4%	9.6%	14.4%	3.4d	steady	$130k		Na Ex	calc
BybitCEX	GRVT	4.2%	6.6%	14.1%	8.3%	8.9%	13.3%	5.2d	steady	$599k	8h/4h	By Gr	calc
BybitCEX	BitgetCEX	4.2%	6.6%	14.1%	6.6%	8.1%	12.2%	6.0d	steady	$3.0M	8h/4h	By Bg	calc
BybitCEX	Aster	4.2%	6.6%	13.0%	5.5%	8.1%	12.1%	5.3d	steady	$147k	8h/4h	By As	calc
Nado	BinanceCEX	20.7%	14.3%	11.9%	1.9%	7.5%	11.2%	5.2d	steady	$743k	1h/4h	Na Bn	calc
BybitCEX	RISEx	4.8%	14.3%	11.9%	—	7.5%	11.2%	5.2d	new	$73k	8h/1h	By Rx	calc
Variational	Hyperliquid	0.0%	1.0%	8.5%	11.8%	6.2%	9.3%	3.8d	cooling	$1.3M	8h/1hspread not incl.	Va Hy	calc
BybitCEX	Variational	4.2%	6.0%	7.8%	4.3%	4.9%	7.4%	5.2d	steady	$1.3M	spread not incl.	By Va	calc
BybitCEX	Extended	4.6%	7.1%	8.7%	6.2%	4.5%	6.8%	6.7d	steady	$130k	8h/1h	By Ex	calc
Nado	GateCEX	20.7%	4.7%	10.1%	−1.7%	4.3%	6.5%	8.0d	steady	$743k	1h/4h	Na Gt	calc
GateCEX	Hyperliquid	0.0%	9.9%	10.3%	14.0%	4.1%	6.1%	8.5d	cooling	$797k	4h/1h	Gt Hy	calc
Variational	GRVT	0.0%	0.7%	6.3%	4.0%	4.0%	6.0%	5.2d	cooling	$599k	8h/4hspread not incl.	Va Gr	calc
BinanceCEX	Hyperliquid	0.0%	0.3%	8.5%	10.3%	3.5%	5.3%	8.2d	cooling	$33.1M	4h/1h	Bn Hy	calc
Variational	BitgetCEX	0.0%	0.7%	6.3%	2.3%	3.2%	4.8%	6.9d	cooling	$1.3M	8h/4hspread not incl.	Va Bg	calc
Variational	Aster	0.0%	0.7%	5.2%	1.2%	3.2%	4.7%	5.6d	cooling	$147k	8h/4hspread not incl.	Va As	calc
Variational	Lighter	−0.4%	0.2%	5.9%	6.8%	5.9%	8.8%	<0.1d	mixed	$395k	8h/1hspread not incl.	Va Li	calc
BybitCEX	BinanceCEX	4.2%	6.6%	7.9%	5.7%	2.4%	3.6%	9.8d	steady	$23.3M	8h/4h	By Bn	calc
Extended	Hyperliquid	−0.4%	−0.1%	7.6%	9.9%	4.0%	6.0%	6.7d	mixed	$130k		Ex Hy	calc
GateCEX	RISEx	0.6%	17.3%	7.4%	—	1.9%	2.9%	10d	new	$73k	4h/1h	Gt Rx	calc
GateCEX	Lighter	−0.4%	9.2%	7.7%	9.1%	3.7%	5.6%	7.2d	mixed	$395k	4h/1h	Gt Li	calc
GateCEX	GRVT	0.0%	9.6%	8.1%	6.3%	1.8%	2.8%	11d	cooling	$599k		Gt Gr	calc
Extended	Lighter	−0.9%	−0.9%	5.0%	5.0%	3.7%	5.5%	3.7d	mixed	$130k		Ex Li	calc
BinanceCEX	Lighter	−0.4%	−0.4%	5.8%	6.0%	3.2%	4.8%	6.3d	mixed	$395k	4h/1h	Bn Li	calc
BinanceCEX	GRVT	0.0%	0.0%	6.2%	3.0%	1.3%	1.9%	11d	cooling	$599k		Bn Gr	calc
RISEx	Lighter	−1.0%	−8.1%	4.0%	—	2.4%	3.7%	5.5d	mixed	$73k		Rx Li	calc
GateCEX	BitgetCEX	0.0%	9.6%	8.1%	4.5%	1.1%	1.6%	12d	cooling	$797k		Gt Bg	calc
GateCEX	Aster	0.0%	9.6%	7.0%	3.5%	1.0%	1.5%	12d	cooling	$147k		Gt As	calc
Extended	GRVT	−0.4%	−0.4%	5.4%	2.2%	1.8%	2.6%	9.4d	mixed	$130k	1h/4h	Ex Gr	calc
RISEx	GRVT	−0.6%	−7.6%	4.4%	—	0.5%	0.8%	12d	new	$73k	1h/4h	Rx Gr	calc
BinanceCEX	BitgetCEX	0.0%	0.0%	6.2%	1.1%	0.5%	0.8%	13d	cooling	$3.0M		Bn Bg	calc
Extended	RISEx	0.2%	7.2%	3.9%	—	1.0%	1.5%	10d	mixed	$73k		Ex Rx	calc
BinanceCEX	RISEx	0.6%	7.6%	4.7%	—	0.5%	0.7%	13d	new	$73k	4h/1h	Bn Rx	calc
RISEx	Hyperliquid	−0.6%	−7.3%	4.4%	—	0.5%	0.7%	12d	new	$73k		Rx Hy	calc
Extended	BitgetCEX	−0.4%	−0.4%	5.4%	0.4%	1.0%	1.5%	11d	mixed	$130k	1h/4h	Ex Bg	calc
BinanceCEX	Aster	0.0%	0.0%	5.2%	0.0%	0.5%	0.7%	13d	cooling	$147k		Bn As	calc
Extended	Aster	−0.4%	−0.4%	4.3%	−0.6%	1.0%	1.4%	11d	mixed	$130k	1h/4h	Ex As	calc
Lighter	Hyperliquid	0.4%	0.8%	2.7%	4.9%	0.3%	0.5%	12d	weak	$395k		Li Hy	calc
Variational	RISEx	0.6%	8.3%	1.7%	—	0.1%	0.2%	13d	mixed	$73k	8h/1hspread not incl.	Va Rx	calc
RISEx	BitgetCEX	−0.6%	−7.6%	4.4%	—	−0.3%	−0.4%	15d	new	$73k	1h/4h	Rx Bg	calc
Variational	Extended	0.4%	1.1%	0.9%	1.9%	−0.4%	−0.6%	20d	weak	$130k	8h/1hspread not incl.	Va Ex	calc
Nado	BybitCEX	16.5%	7.7%	4.1%	−3.8%	−0.6%	−0.9%	16d	weak	$743k	1h/8h	Na By	calc
BybitCEX	GateCEX	4.2%	−3.0%	6.0%	2.1%	−0.8%	−1.2%	16d	cooling	$797k	8h/4h	By Gt	calc
RISEx	Aster	−0.6%	−7.6%	2.6%	—	−1.1%	−1.6%	20d	new	$73k	1h/4h	Rx As	calc
Aster	Hyperliquid	0.0%	0.3%	3.3%	10.5%	−1.1%	−1.7%	19d	weak	$147k	4h/1h	As Hy	calc
Lighter	GRVT	0.4%	0.4%	0.4%	−2.8%	−1.9%	−2.9%	75d	weak	$395k	1h/4h	Li Gr	calc
GateCEX	Variational	0.0%	9.0%	1.8%	2.3%	−2.1%	−3.2%	31d	weak	$797k	4h/8hspread not incl.	Gt Va	calc
GRVT	Hyperliquid	0.0%	0.3%	2.2%	7.8%	−2.5%	−3.7%	30d	weak	$599k	4h/1h	Gr Hy	calc
Variational	BinanceCEX	0.0%	0.7%	0.1%	1.3%	−2.5%	−3.8%	462d	weak	$1.3M	8h/4hspread not incl.	Va Bn	calc
GateCEX	Extended	0.4%	10.0%	2.7%	4.1%	−2.5%	−3.8%	27d	weak	$130k	4h/1h	Gt Ex	calc
Lighter	BitgetCEX	0.4%	0.4%	0.4%	−4.6%	−2.7%	−4.0%	100d	weak	$395k	1h/4h	Li Bg	calc
Lighter	Aster	0.4%	0.4%	−0.6%	−5.6%	−2.7%	−4.1%	—	weak	$147k	1h/4h	Li As	calc
Aster	Lighter	−0.4%	−0.4%	0.6%	5.6%	−1.5%	−2.2%	46d	mixed	$147k	4h/1h	As Li	calc
BinanceCEX	Extended	0.4%	0.4%	0.8%	0.6%	−3.1%	−4.6%	66d	weak	$130k	4h/1h	Bn Ex	calc
BitgetCEX	Hyperliquid	0.0%	0.3%	2.2%	9.5%	−3.3%	−4.9%	34d	weak	$3.0M	4h/1h	Bg Hy	calc
Aster	GRVT	0.0%	0.0%	1.1%	2.8%	−3.4%	−5.0%	58d	weak	$147k		As Gr	calc
Aster	BitgetCEX	0.0%	0.0%	1.1%	1.0%	−4.1%	−6.2%	68d	weak	$147k		As Bg	calc
GateCEX	BinanceCEX	0.0%	9.6%	1.9%	3.2%	−4.7%	−7.0%	49d	weak	$797k		Gt Bn	calc
Lighter	Extended	0.9%	0.9%	−5.0%	−5.0%	−6.3%	−9.4%	—	weak	$130k		Li Ex	calc
Aster	Extended	0.4%	0.4%	−4.3%	0.6%	−7.7%	−11.6%	—	weak	$130k	4h/1h	As Ex	calc
Lighter	BinanceCEX	0.4%	0.4%	−5.8%	−6.0%	−8.4%	−12.6%	—	weak	$395k	1h/4h	Li Bn	calc
GRVT	Extended	0.4%	0.4%	−5.4%	−2.2%	−9.1%	−13.6%	—	weak	$130k	4h/1h	Gr Ex	calc
BitgetCEX	Extended	0.4%	0.4%	−5.4%	−0.4%	−9.8%	−14.8%	—	weak	$130k	4h/1h	Bg Ex	calc
Lighter	RISEx	1.0%	8.1%	−4.0%	—	−5.6%	−8.3%	—	mixed	$73k		Li Rx	calc
Lighter	Variational	0.4%	−0.2%	−5.9%	−6.8%	−5.9%	−8.8%	—	mixed	$395k	1h/8hspread not incl.	Li Va	calc
Aster	RISEx	0.6%	7.6%	−2.6%	—	−6.2%	−9.3%	—	mixed	$73k	4h/1h	As Rx	calc
Hyperliquid	RISEx	0.6%	7.3%	−4.4%	—	−8.3%	−12.5%	—	mixed	$73k		Hy Rx	calc
GRVT	RISEx	0.6%	7.6%	−4.4%	—	−8.3%	−12.5%	—	mixed	$73k	4h/1h	Gr Rx	calc
BitgetCEX	RISEx	0.6%	7.6%	−4.4%	—	−9.1%	−13.7%	—	mixed	$73k	4h/1h	Bg Rx	calc
Hyperliquid	Extended	0.4%	0.1%	−7.6%	−9.9%	−11.3%	−16.9%	—	mixed	$130k		Hy Ex	calc
Lighter	GateCEX	0.4%	−9.2%	−7.7%	−9.1%	−11.6%	−17.4%	—	mixed	$395k	1h/4h	Li Gt	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 02:27 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 Nado at 0.0268577, sell on Lighter at 0.027295: 1.61% before fees, 1.54% after taker fees.

MON: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Lighter0.027295	Variational0.0269768	Hyperliquid0.026891	Extended0.0268869	Bitget0.02688	Bybit0.02688	GRVT0.0268761	Aster0.0268742	Binance0.02687	Gate0.02687	RISEx0.02687	RWA Perp0.02687	Nado0.0268577
Nado0.0268577	1.61%	0.442%	0.124%	0.108%	0.083%	0.083%	0.068%	0.061%	0.046%	0.046%	0.046%	0.046%	—
Binance0.02687	1.57%	0.397%	0.078%	0.063%	0.037%	0.037%	0.023%	0.015%	—	0.000%	0.000%	0.000%	−0.046%
Gate0.02687	1.57%	0.397%	0.078%	0.063%	0.037%	0.037%	0.023%	0.015%	0.000%	—	0.000%	0.000%	−0.046%
RISEx0.02687	1.57%	0.397%	0.078%	0.063%	0.037%	0.037%	0.023%	0.015%	0.000%	0.000%	—	0.000%	−0.046%
RWA Perp0.02687	1.57%	0.397%	0.078%	0.063%	0.037%	0.037%	0.023%	0.015%	0.000%	0.000%	0.000%	—	−0.046%
Aster0.0268742	1.55%	0.381%	0.063%	0.047%	0.022%	0.022%	0.007%	—	−0.015%	−0.015%	−0.015%	−0.015%	−0.061%
GRVT0.0268761	1.55%	0.374%	0.055%	0.040%	0.014%	0.014%	—	−0.007%	−0.023%	−0.023%	−0.023%	−0.023%	−0.068%
Bitget0.02688	1.53%	0.360%	0.041%	0.026%	—	0.000%	−0.014%	−0.022%	−0.037%	−0.037%	−0.037%	−0.037%	−0.083%
Bybit0.02688	1.53%	0.360%	0.041%	0.026%	0.000%	—	−0.014%	−0.022%	−0.037%	−0.037%	−0.037%	−0.037%	−0.083%
Extended0.0268869	1.51%	0.334%	0.015%	—	−0.026%	−0.026%	−0.040%	−0.047%	−0.063%	−0.063%	−0.063%	−0.063%	−0.108%
Hyperliquid0.026891	1.49%	0.319%	—	−0.015%	−0.041%	−0.041%	−0.055%	−0.063%	−0.078%	−0.078%	−0.078%	−0.078%	−0.124%
Variational0.0269768	1.17%	—	−0.319%	−0.334%	−0.360%	−0.360%	−0.374%	−0.381%	−0.397%	−0.397%	−0.397%	−0.397%	−0.442%
Lighter0.027295	—	−1.17%	−1.49%	−1.51%	−1.53%	−1.53%	−1.55%	−1.55%	−1.57%	−1.57%	−1.57%	−1.57%	−1.61%

All quotes (13)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	0.0268742	0.0268742	mark	6m	$66k	no FX
BinanceCEX	0.02687	0.02687	mark	5m	$21.3M	no FX
BitgetCEX	0.02688	0.02688	mark	5m	$1.1M	no FX
BybitCEX	0.02688	0.02688	mark	5m	$13.6M	no FX
Extended	0.0268869	0.0268869	mark	6m	$317k
GateCEX	0.02687	0.02687	mark	5m	$655k	no FX
GRVT	0.0268761	0.0268761	mark	6m	$449k	no FX
Hyperliquid	0.026891	0.026891	mark	6m	$10.7M
Lighter	0.027295	0.027295	mark	6m	$315k
Nado	0.0268577	0.0268577	mark	6m	$301k	no FX
RISEx	0.02687	0.02687	mark	6m	$374k
RWA Perp	0.02687	0.02687	mark	6m	$73k
Variational	0.0269768	0.0269768	mark	6m	$773k

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

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