MRNA funding rates

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

· refreshed every 5 min

Best pair · 7d
7.7%long Aster, short Lighter · net 5.6%
Highest funding now
17.1%GateCEX
Lowest funding now
−115%Lighter
Listed on
8 venues

Funding by venue

7d chartFlagsOpen
GateCEXMRNA_USDT17.1%9.1%0.9%7.0%−0.4%5%8h08:00226.39$1.3M$130kTradFiGtGate
AsterMRNAUSDT0.0%0.0%0.0%0.0%0.0%0%8h08:00226.41$51k$16kTradFiAsAster
GRVTMRNA_USDT_Perp0.0%0.9%5.9%2.4%6.8%30%8h08:00226.45$190$120kTradFiGrGRVT
VariationalMRNA0.0%0.0%0.7%1.4%0.8%7%8h—226.59$143k$286kTradFiVaVariational
BybitCEXMRNAUSDT0.0%7.0%6.5%1.5%6.4%20%8h08:00226.42$929k$769kTradFiByBybit
BitgetCEXMRNAUSDT0.0%11.9%4.8%1.0%3.6%13%8h08:00226.42$1.4M$2.1MTradFiBgBitget
ExtendedMRNA-USD−2.6%9.8%7.4%7.2%7.0%85%1h07:00225.97$28k$1kTradFiExExtended
LighterMRNA−115%21.6%7.7%7.7%5.4%94%1h07:00226.72$163k$410kTradFiLiLighter

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
VariationalLighter−115%21.6%7.0%6.4%7.0%10.4%<0.1dspike ×4.8$143k8h/1hTradFispread not incl.VaLicalc
VariationalBybitCEX0.0%7.0%5.7%0.2%2.9%4.3%7.0dcooling$143kTradFispread not incl.VaBycalc
GateCEXLighter−132%12.4%6.7%0.7%2.8%4.2%8.1dcooling$163k8h/1hTradFiGtLicalc
AsterLighter−115%21.6%7.7%7.7%5.6%8.4%3.8dspike ×4.0$51k8h/1hTradFiAsLicalc
VariationalExtended−2.6%9.8%6.7%5.9%5.4%8.1%2.7dcooling$28klow OI8h/1hTradFispread not incl.VaExcalc
AsterExtended−2.6%9.8%7.4%7.2%4.0%6.0%6.4dcooling$28klow OI8h/1hTradFiAsExcalc
AsterBybitCEX0.0%7.0%6.5%1.5%1.5%2.3%11dcooling$51kTradFiAsBycalc
VariationalGRVT0.0%0.9%5.2%1.1%2.9%4.3%6.3dcooling$190low OITradFispread not incl.VaGrcalc
VariationalBitgetCEX0.0%11.9%4.1%−0.4%1.0%1.4%11dweak$143kTradFispread not incl.VaBgcalc
AsterGRVT0.0%0.9%5.9%2.4%1.5%2.2%10dcooling$190low OITradFiAsGrcalc
GateCEXExtended−19.7%0.7%6.5%0.2%1.2%1.9%11dcooling$28klow OI8h/1hTradFiGtExcalc
BitgetCEXLighter−115%9.7%2.9%6.7%−0.3%−0.4%15dweak$163k8h/1hTradFiBgLicalc
AsterBitgetCEX0.0%11.9%4.8%1.0%−0.4%−0.6%15dweak$51kTradFiAsBgcalc
GateCEXBybitCEX−17.1%−2.2%5.5%−5.5%−1.3%−1.9%17dcooling$929kTradFiGtBycalc
AsterVariational0.0%0.0%0.7%1.4%−1.4%−2.1%41dweak$51kTradFispread not incl.AsVacalc
BybitCEXLighter−115%14.6%1.2%6.2%−1.6%−2.5%33dweak$163k8h/1hTradFiByLicalc
GRVTLighter−115%20.7%1.8%5.3%−0.6%−0.9%19dspike$190low OI8h/1hTradFiGrLicalc
GateCEXGRVT−17.1%−8.2%5.0%−4.6%−1.3%−1.9%18dcooling$190low OITradFiGtGrcalc
LighterExtended112%−11.7%−0.3%−0.5%−1.6%−2.4%—weak$28klow OITradFiLiExcalc
GateCEXBitgetCEX−17.1%2.7%3.8%−6.0%−3.2%−4.8%26dweak$1.3MTradFiGtBgcalc
BitgetCEXExtended−2.6%−2.1%2.6%6.2%−1.8%−2.7%24dweak$28klow OI8h/1hTradFiBgExcalc
VariationalGateCEX17.1%9.1%0.2%5.7%−3.7%−5.5%233dweak$143kTradFispread not incl.VaGtcalc
ExtendedLighter−112%11.7%0.3%0.5%−1.0%−1.5%67dmixed$28klow OITradFiExLicalc
GRVTExtended−2.6%8.9%1.5%4.8%−2.2%−3.2%34dweak$190low OI8h/1hTradFiGrExcalc
BitgetCEXBybitCEX0.0%−4.9%1.7%0.5%−4.3%−6.5%51dweak$929kTradFiBgBycalc
AsterGateCEX17.1%9.1%0.9%7.0%−5.0%−7.6%89dweak$51kTradFiAsGtcalc
BybitCEXExtended−2.6%2.8%0.9%5.7%−3.2%−4.8%62dweak$28klow OI8h/1hTradFiByExcalc
LighterBybitCEX115%−14.6%−1.2%−6.2%−4.1%−6.1%—mixed$163k1h/8hTradFiLiBycalc
BitgetCEXGRVT0.0%−11.0%1.1%1.5%−4.4%−6.5%68dweak$190low OITradFiBgGrcalc
GRVTBybitCEX0.0%6.1%0.5%−0.9%−4.7%−7.0%136dweak$190low OITradFiGrBycalc
BitgetCEXGateCEX17.1%−2.7%−3.8%6.0%−10.9%−16.3%—weak$1.3MTradFiBgGtcalc
LighterBitgetCEX115%−9.7%−2.9%−6.7%−6.0%−9.0%—mixed$163k1h/8hTradFiLiBgcalc
BybitCEXGateCEX17.1%2.2%−5.5%5.5%−12.3%−18.4%—weak$929kTradFiByGtcalc
LighterVariational115%−21.6%−7.0%−6.4%−7.0%−10.4%—mixed$143k1h/8hTradFispread not incl.LiVacalc
LighterGRVT115%−20.7%−1.8%−5.3%−4.1%−6.2%—mixed$190low OI1h/8hTradFiLiGrcalc
LighterAster115%−21.6%−7.7%−7.7%−9.8%−14.6%—mixed$51k1h/8hTradFiLiAscalc
ExtendedBybitCEX2.6%−2.8%−0.9%−5.7%−5.1%−7.7%—mixed$28klow OI1h/8hTradFiExBycalc
ExtendedGRVT2.6%−8.9%−1.5%−4.8%−5.1%−7.7%—mixed$190low OI1h/8hTradFiExGrcalc
LighterGateCEX132%−12.4%−6.7%−0.7%−10.6%−16.0%—mixed$163k1h/8hTradFiLiGtcalc
GRVTGateCEX17.1%8.2%−5.0%4.6%−11.2%−16.8%—weak$190low OITradFiGrGtcalc
ExtendedBitgetCEX2.6%2.1%−2.6%−6.2%−7.0%−10.6%—mixed$28klow OI1h/8hTradFiExBgcalc
ExtendedVariational2.6%−9.8%−6.7%−5.9%−8.0%−12.0%—mixed$28klow OI1h/8hTradFispread not incl.ExVacalc
ExtendedAster2.6%−9.8%−7.4%−7.2%−10.8%−16.2%—mixed$28klow OI1h/8hTradFiExAscalc
ExtendedGateCEX19.7%−0.7%−6.5%−0.2%−11.7%−17.5%—mixed$28klow OI1h/8hTradFiExGtcalc
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 06:26 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.

MRNA · TradFi

No two venues give a usable spread right now.

MRNA: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Lighter226.715Variational226.591GRVT226.453Bitget226.42Bybit226.42Aster226.415Gate226.39Extended225.968
Extended225.9680.330%0.276%0.215%0.200%0.200%0.198%0.187%—
Gate226.390.143%0.089%0.028%0.013%0.013%0.011%—−0.187%
Aster226.4150.132%0.078%0.017%0.002%0.002%—−0.011%−0.198%
Bitget226.420.130%0.075%0.014%—0.000%−0.002%−0.013%−0.200%
Bybit226.420.130%0.075%0.014%0.000%—−0.002%−0.013%−0.200%
GRVT226.4530.116%0.061%—−0.014%−0.014%−0.017%−0.028%−0.215%
Variational226.5910.055%—−0.061%−0.075%−0.075%−0.078%−0.089%−0.276%
Lighter226.715—−0.055%−0.116%−0.130%−0.130%−0.132%−0.143%−0.330%
All quotes (8)
VenueBidAskQualityAgeVol 24hFlags
Aster226.415226.415mark5m$16kclosedno FX
BitgetCEX226.42226.42mark5m$2.1Mclosedno FX
BybitCEX226.42226.42mark5m$769kclosedno FX
Extended225.968225.968mark5m$1kclosed
GateCEX226.39226.39mark5m$130kclosedno FX
GRVT226.453226.453mark5m$120kclosedno FX
Lighter226.715226.715mark5m$410kclosed
Variational226.591226.591mark5m$286kclosed

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

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