NIL funding rates

NIL perpetual funding across 9 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
6.0%long Gate, short Hyperliquid · net −0.2%
Highest funding now
11.4%Extended
Lowest funding now
10.9%Hyperliquid
Listed on
9 venues

Funding by venue

7d chartFlagsOpen
ExtendedNIL-USD11.4%11.4%10.4%11.0%10.3%96%1h04:000.09134$8k$91kExExtended
HyperliquidNIL10.9%10.9%13.3%27.4%13.7%100%1h—0.09161$7.4M$1.6MHyHyperliquid
AsterNILUSDT10.9%8.7%10.6%8.4%10.9%98%4h04:000.09125$42k$23kAsAster
BinanceCEXNILUSDT10.9%10.9%10.2%10.5%10.1%98%4h04:000.09141$7.1M$18.8MBnBinance
BybitCEXNILUSDT10.9%10.9%10.9%11.3%10.9%100%4h04:000.09152$6.5M$7.1MByBybit
BitgetCEXNILUSDT10.9%10.9%10.9%10.5%10.9%100%4h04:000.09146$2.5M$3.3MBgBitget
GateCEXNIL_USDT10.9%5.3%7.3%7.1%7.6%90%4h04:000.09151$492k$699kGtGate
MEXCCEXNIL_USDT10.9%10.9%10.2%10.5%10.1%98%4h04:000.09139$7.7M$2.0MMxMEXC
VariationalNIL10.9%10.9%10.9%11.4%10.9%100%4h—0.09111$592k$268kVaVariational

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
VariationalHyperliquid0.0%0.0%2.4%16.0%0.0%0.0%14dweak$592k4h/1hspread not incl.VaHycalc
GateCEXHyperliquid0.0%5.6%6.0%20.2%−0.2%−0.4%15dcooling$492k4h/1hGtHycalc
GateCEXVariational0.0%5.6%3.7%4.3%−0.2%−0.4%15dweak$492kspread not incl.GtVacalc
MEXCCEXHyperliquid0.0%0.0%3.1%16.8%−0.3%−0.5%15dweak$7.4M4h/1hMxHycalc
MEXCCEXVariational0.0%0.0%0.7%0.8%−0.3%−0.5%20dweak$592kspread not incl.MxVacalc
BinanceCEXHyperliquid0.0%0.0%3.1%10.7%−1.9%−2.8%23dweak$7.1M4h/1hBnHycalc
BinanceCEXVariational0.0%0.0%0.7%1.1%−1.9%−2.9%52dweak$592kspread not incl.BnVacalc
GateCEXMEXCCEX0.0%5.6%2.9%3.4%−2.0%−3.0%24dweak$492kGtMxcalc
BybitCEXHyperliquid0.0%0.0%2.4%16.1%−2.9%−4.3%31dweak$6.5M4h/1hByHycalc
GateCEXBybitCEX0.0%5.6%3.7%4.1%−3.1%−4.7%26dweak$492kGtBycalc
BitgetCEXHyperliquid0.0%0.0%2.4%16.8%−3.1%−4.7%33dweak$2.5M4h/1hBgHycalc
ExtendedHyperliquid−0.4%−0.4%2.9%16.3%−0.8%−1.2%18dmixed$8klow OIExHycalc
MEXCCEXBybitCEX0.0%0.0%0.7%0.7%−3.2%−4.8%76dweak$6.5MMxBycalc
ExtendedVariational−0.4%−0.4%0.5%0.4%−0.8%−1.2%36dmixed$8klow OI1h/4hspread not incl.ExVacalc
GateCEXBitgetCEX0.0%5.6%3.7%3.4%−3.4%−5.1%27dweak$492kGtBgcalc
MEXCCEXBitgetCEX0.0%0.0%0.7%0.0%−3.5%−5.2%81dweak$2.5MMxBgcalc
AsterHyperliquid0.0%2.3%2.7%19.0%−1.7%−2.6%23dweak$42klow OI4h/1hAsHycalc
AsterVariational0.0%2.3%0.3%3.0%−1.8%−2.6%89dweak$42klow OIspread not incl.AsVacalc
GateCEXBinanceCEX0.0%5.6%3.0%2.0%−3.6%−5.3%31dweak$492kGtBncalc
VariationalExtended0.4%0.4%−0.5%−0.4%−1.8%−2.7%—weak$8klow OI4h/1hspread not incl.VaExcalc
MEXCCEXBinanceCEX0.0%0.0%0.0%0.0%−3.6%−5.4%>999dweak$7.1MMxBncalc
GateCEXExtended0.4%6.1%3.2%3.9%−2.1%−3.1%23dweak$8klow OI4h/1hGtExcalc
MEXCCEXExtended0.4%0.4%0.2%0.5%−2.1%−3.2%154dweak$8klow OI4h/1hMxExcalc
BinanceCEXBybitCEX0.0%0.0%0.7%1.0%−4.8%−7.2%109dweak$6.5MBnBycalc
BinanceCEXBitgetCEX0.0%0.0%0.7%0.5%−5.0%−7.6%115dweak$2.5MBnBgcalc
GateCEXAster0.0%3.3%3.3%1.2%−2.7%−4.0%25dweak$42klow OIGtAscalc
MEXCCEXAster0.0%−2.3%0.4%−2.2%−2.7%−4.1%112dweak$42klow OIMxAscalc
AsterExtended0.4%2.7%−0.2%2.7%−3.6%−5.4%—weak$8klow OI4h/1hAsExcalc
BinanceCEXExtended0.4%0.4%0.2%0.5%−3.7%−5.6%282dweak$8klow OI4h/1hBnExcalc
BinanceCEXAster0.0%−2.3%0.4%0.0%−4.3%−6.5%176dweak$42klow OIBnAscalc
AsterBybitCEX0.0%2.3%0.3%2.9%−4.6%−6.9%212dweak$42klow OIAsBycalc
BybitCEXExtended0.4%0.4%−0.5%−0.2%−4.7%−7.0%—weak$8klow OI4h/1hByExcalc
AsterBitgetCEX0.0%2.3%0.3%2.2%−4.9%−7.3%223dweak$42klow OIAsBgcalc
BitgetCEXExtended0.4%0.4%−0.5%0.5%−4.9%−7.4%—weak$8klow OI4h/1hBgExcalc
ExtendedAster−0.4%−2.7%0.2%−2.7%−3.2%−4.8%266dmixed$8klow OI1h/4hExAscalc
HyperliquidExtended0.4%0.4%−2.9%−16.3%−6.5%−9.8%—weak$8klow OIHyExcalc
ExtendedBybitCEX−0.4%−0.4%0.5%0.2%−3.7%−5.5%115dmixed$8klow OI1h/4hExBycalc
ExtendedBitgetCEX−0.4%−0.4%0.5%−0.5%−3.9%−5.9%123dmixed$8klow OI1h/4hExBgcalc
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.

NIL: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →MEXC0.09139
MEXC0.09139—
All quotes (9)
VenueBidAskQualityAgeVol 24hFlags
MEXCCEX0.091390.09139mark6m$2.0Mno FX
Aster0.09124760.0912476mark10m$23kstaleno FX
BinanceCEX0.091410.09141mark10m$18.8Mstaleno FX
BitgetCEX0.091460.09146mark10m$3.3Mstaleno FX
BybitCEX0.091520.09152mark10m$7.1Mstaleno FX
Extended0.09134070.0913407mark10m$91kstale
GateCEX0.091510.09151mark10m$699kstaleno FX
Hyperliquid0.0916120.091612mark10m$1.6Mstale
Variational0.09111390.0911139mark10m$268kstale

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

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