NOT funding rates

NOT perpetual funding across 10 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: 38.1%long Variational, short Binance · net 35.5%
Highest funding now: 11.4%Extended
Lowest funding now: 10.5%Lighter
Listed on: 10 venues

Funding by venue

													Open
Extended	kNOT-USD	11.4%	11.4%	11.3%	10.8%	11.3%	100%	1h	03:00	0.0004732	$6k	$0	ExExtended
Hyperliquid	NOT	10.9%	10.9%	10.9%	8.0%	10.9%	100%	1h	—	0.000474	$273k	$143k	HyHyperliquid
Aster	NOTUSDT	10.9%	10.9%	10.5%	8.0%	10.5%	98%	4h	04:00	0.0004741	$6k	$44	AsAster
BinanceCEX	NOTUSDT	10.9%	10.9%	10.9%	10.3%	10.9%	100%	4h	04:00	0.0004743	$2.2M	$2.2M	BnBinance
BybitCEX	NOTUSDT	10.9%	10.9%	9.6%	9.0%	9.3%	95%	4h	04:00	0.0004735	$1.9M	$482k	ByBybit
BitgetCEX	NOTUSDT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	4h	04:00	0.0004743	$536k	$185k	BgBitget
GateCEX	NOT_USDT	10.9%	10.7%	9.8%	10.3%	9.6%	95%	4h	04:00	0.000474	$123k	$46k	GtGate
MEXCCEX	NOT_USDT	10.9%	10.9%	10.9%	10.4%	10.9%	100%	4h	04:00	0.0004742	$715k	$162k	MxMEXC
Variational	NOT	10.9%	10.9%	−25.6%	−25.1%	−31.6%	35%	4h	—	0.000474	$111k	$6k	VaVariational
Lighter	1000NOT	10.5%	10.5%	10.5%	10.5%	10.5%	100%	1h	03:00	0.0004704	$3k	$4k	LiLighter

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
Variational	BinanceCEX	0.0%	0.0%	38.1%	33.8%	35.5%	53.2%	1.0d	cooling	$111k	spread not incl.	Va Bn	calc
Variational	MEXCCEX	0.0%	0.0%	36.5%	35.5%	35.5%	53.2%	0.4d	cooling	$111k	spread not incl.	Va Mx	calc
Variational	Hyperliquid	0.0%	0.0%	36.5%	33.1%	34.2%	51.2%	0.9d	cooling	$111k	4h/1hspread not incl.	Va Hy	calc
Variational	BitgetCEX	0.0%	0.0%	36.5%	36.1%	33.4%	50.1%	1.2d	cooling	$111k	spread not incl.	Va Bg	calc
Variational	BybitCEX	0.0%	0.0%	35.1%	34.1%	32.2%	48.4%	1.1d	cooling	$111k	spread not incl.	Va By	calc
Variational	GateCEX	0.0%	−0.3%	35.3%	35.5%	31.4%	47.1%	1.5d	cooling	$111k	spread not incl.	Va Gt	calc
Variational	Lighter	−0.4%	−0.4%	36.1%	35.6%	36.1%	54.1%	<0.1d	cooling	$3k	low OI4h/1hspread not incl.	Va Li	calc
Variational	Extended	0.4%	0.5%	36.9%	36.0%	35.6%	53.4%	0.5d	steady	$6k	low OI4h/1hspread not incl.	Va Ex	calc
Variational	Aster	0.0%	0.0%	36.1%	33.1%	34.0%	51.0%	0.8d	cooling	$6k	low OIspread not incl.	Va As	calc
Lighter	Extended	0.9%	0.9%	0.8%	0.4%	−0.5%	−0.7%	22d	weak	$3k	low OI	Li Ex	calc
Lighter	MEXCCEX	0.4%	0.4%	0.4%	−0.1%	−0.6%	−0.9%	33d	weak	$3k	low OI1h/4h	Li Mx	calc
BybitCEX	MEXCCEX	0.0%	0.0%	1.4%	1.4%	−2.5%	−3.8%	39d	weak	$715k		By Mx	calc
BinanceCEX	MEXCCEX	0.0%	0.0%	0.1%	0.0%	−3.6%	−5.4%	967d	weak	$715k		Bn Mx	calc
GateCEX	MEXCCEX	0.0%	0.3%	1.2%	0.0%	−3.8%	−5.7%	59d	weak	$123k		Gt Mx	calc
Lighter	Hyperliquid	0.4%	0.4%	0.4%	−2.5%	−1.9%	−2.9%	75d	weak	$3k	low OI	Li Hy	calc
BybitCEX	Hyperliquid	0.0%	0.0%	1.4%	−1.0%	−3.8%	−5.7%	52d	weak	$273k	4h/1h	By Hy	calc
BybitCEX	BinanceCEX	0.0%	0.0%	1.6%	1.5%	−3.9%	−5.8%	48d	weak	$1.9M		By Bn	calc
MEXCCEX	Extended	0.4%	0.4%	0.4%	0.5%	−2.0%	−2.9%	84d	weak	$6k	low OI4h/1h	Mx Ex	calc
Lighter	Aster	0.4%	0.4%	0.0%	−2.5%	−2.1%	−3.1%	>999d	weak	$3k	low OI1h/4h	Li As	calc
Lighter	BinanceCEX	0.4%	0.4%	0.4%	−0.2%	−2.2%	−3.3%	95d	weak	$3k	low OI1h/4h	Li Bn	calc
BybitCEX	BitgetCEX	0.0%	0.0%	1.4%	2.0%	−4.6%	−6.9%	60d	weak	$536k		By Bg	calc
BybitCEX	Extended	0.4%	0.4%	1.8%	1.9%	−2.4%	−3.6%	33d	weak	$6k	low OI4h/1h	By Ex	calc
BinanceCEX	Hyperliquid	0.0%	0.0%	0.1%	−2.6%	−4.9%	−7.4%	>999d	weak	$273k	4h/1h	Bn Hy	calc
GateCEX	Hyperliquid	0.0%	0.3%	1.2%	−2.4%	−5.1%	−7.6%	75d	weak	$123k	4h/1h	Gt Hy	calc
Aster	Extended	0.4%	0.4%	0.8%	2.9%	−2.6%	−3.9%	59d	weak	$6k	low OI4h/1h	As Ex	calc
GateCEX	BinanceCEX	0.0%	0.3%	1.3%	0.0%	−5.2%	−7.8%	69d	weak	$123k		Gt Bn	calc
Lighter	BitgetCEX	0.4%	0.4%	0.4%	0.5%	−2.7%	−4.0%	100d	weak	$3k	low OI1h/4h	Li Bg	calc
Aster	MEXCCEX	0.0%	0.0%	0.4%	2.4%	−2.7%	−4.1%	105d	weak	$6k	low OI	As Mx	calc
BinanceCEX	BitgetCEX	0.0%	0.0%	0.1%	0.7%	−5.7%	−8.5%	>999d	weak	$536k		Bn Bg	calc
GateCEX	BitgetCEX	0.0%	0.3%	1.2%	0.6%	−5.9%	−8.8%	84d	weak	$123k		Gt Bg	calc
Hyperliquid	Extended	0.4%	0.4%	0.4%	2.9%	−3.3%	−4.9%	131d	weak	$6k	low OI	Hy Ex	calc
BybitCEX	GateCEX	0.0%	−0.3%	0.2%	1.4%	−6.5%	−9.8%	413d	weak	$123k		By Gt	calc
BinanceCEX	Extended	0.4%	0.4%	0.4%	0.5%	−3.5%	−5.2%	126d	weak	$6k	low OI4h/1h	Bn Ex	calc
GateCEX	Extended	0.4%	0.7%	1.6%	0.5%	−3.7%	−5.5%	47d	weak	$6k	low OI4h/1h	Gt Ex	calc
BybitCEX	Lighter	−0.4%	−0.4%	1.0%	1.5%	−1.9%	−2.9%	42d	mixed	$3k	low OI4h/1h	By Li	calc
Lighter	BybitCEX	0.4%	0.4%	−1.0%	−1.5%	−3.8%	−5.7%	—	weak	$3k	low OI1h/4h	Li By	calc
BybitCEX	Aster	0.0%	0.0%	1.0%	−1.0%	−4.0%	−6.0%	71d	weak	$6k	low OI	By As	calc
Aster	Hyperliquid	0.0%	0.0%	0.4%	0.0%	−4.0%	−6.0%	148d	weak	$6k	low OI4h/1h	As Hy	calc
BitgetCEX	Extended	0.4%	0.4%	0.4%	−0.1%	−4.0%	−6.1%	159d	weak	$6k	low OI4h/1h	Bg Ex	calc
Aster	BinanceCEX	0.0%	0.0%	0.4%	2.6%	−4.3%	−6.4%	150d	weak	$6k	low OI	As Bn	calc
Lighter	GateCEX	0.4%	0.1%	−0.7%	−0.1%	−4.6%	−7.0%	—	weak	$3k	low OI1h/4h	Li Gt	calc
Aster	BitgetCEX	0.0%	0.0%	0.4%	3.0%	−4.8%	−7.2%	174d	weak	$6k	low OI	As Bg	calc
GateCEX	Aster	0.0%	0.3%	0.7%	−2.4%	−5.2%	−7.9%	112d	weak	$6k	low OI	Gt As	calc
GateCEX	Lighter	−0.4%	−0.1%	0.7%	0.1%	−3.2%	−4.8%	75d	mixed	$3k	low OI4h/1h	Gt Li	calc
Lighter	Variational	0.4%	0.4%	−36.1%	−35.6%	−36.1%	−54.1%	—	mixed	$3k	low OI1h/4hspread not incl.	Li Va	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 Lighter at 0.00047041, sell on Binance at 0.0004743: 0.824% before fees, 0.724% after taker fees.

NOT: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Binance0.0004743	Bitget0.0004743	MEXC0.0004742	Aster0.00047412	Variational0.000474005	Gate0.000474	Hyperliquid0.000474	Bybit0.0004735	Extended0.000473241	Lighter0.00047041
Lighter0.00047041	0.824%	0.824%	0.802%	0.786%	0.761%	0.760%	0.760%	0.655%	0.600%	—
Extended0.000473241	0.224%	0.224%	0.202%	0.186%	0.161%	0.160%	0.160%	0.055%	—	−0.600%
Bybit0.0004735	0.169%	0.169%	0.148%	0.131%	0.107%	0.106%	0.106%	—	−0.055%	−0.655%
Gate0.000474	0.063%	0.063%	0.042%	0.025%	0.001%	—	0.000%	−0.106%	−0.160%	−0.760%
Hyperliquid0.000474	0.063%	0.063%	0.042%	0.025%	0.001%	0.000%	—	−0.106%	−0.160%	−0.760%
Variational0.000474005	0.062%	0.062%	0.041%	0.024%	—	−0.001%	−0.001%	−0.107%	−0.161%	−0.761%
Aster0.00047412	0.038%	0.038%	0.017%	—	−0.024%	−0.025%	−0.025%	−0.131%	−0.186%	−0.786%
MEXC0.0004742	0.021%	0.021%	—	−0.017%	−0.041%	−0.042%	−0.042%	−0.148%	−0.202%	−0.802%
Binance0.0004743	—	0.000%	−0.021%	−0.038%	−0.062%	−0.063%	−0.063%	−0.169%	−0.224%	−0.824%
Bitget0.0004743	0.000%	—	−0.021%	−0.038%	−0.062%	−0.063%	−0.063%	−0.169%	−0.224%	−0.824%

All quotes (10)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	0.00047412	0.00047412	mark	6m	$44	no FX
BinanceCEX	0.0004743	0.0004743	mark	6m	$2.2M	no FX
BitgetCEX	0.0004743	0.0004743	mark	6m	$185k	no FX
BybitCEX	0.0004735	0.0004735	mark	6m	$482k	no FX
Extended	0.000473241	0.000473241	mark	6m	$0
GateCEX	0.000474	0.000474	mark	6m	$46k	no FX
Hyperliquid	0.000474	0.000474	mark	6m	$143k
Lighter	0.00047041	0.00047041	mark	6m	$4k
MEXCCEX	0.0004742	0.0004742	mark	4m	$162k	no FX
Variational	0.000474005	0.000474005	mark	6m	$6k

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

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