ON funding rates
ON perpetual funding across 6 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 19.2%long Variational, short Aster · net 17.2%
- Highest funding now
- 45.7%BnBinanceCEX
- Lowest funding now
- 0.0%ByBybitCEX
- Listed on
- 6 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BnBinanceCEX | ONUSDT | 45.7% | 11.6% | 12.1% | 14.3% | 12.1% | 100% | 4h | 04:00 | 0.1292 | $6.2M | $6.0M | BnBinance | ||
| MxMEXCCEX | ON_USDT | 44.7% | 11.6% | 12.7% | 16.4% | 12.9% | 100% | 4h | 04:00 | 0.129 | $249k | $233k | MxMEXC | ||
| AsAster | ONUSDT | 41.7% | 44.1% | 30.2% | 46.6% | 27.9% | 100% | 4h | 04:00 | 0.129 | $366k | $70k | AsAster | ||
| GtGateCEX | ON_USDT | 10.9% | 10.9% | 11.6% | 11.1% | 11.7% | 100% | 4h | 04:00 | 0.1289 | $309k | $170k | GtGate | ||
| VaVariational | ON | 10.9% | 10.9% | 10.9% | 10.9% | 10.9% | 100% | 4h | — | 0.1296 | $43k | $4k | VaVariational | ||
| ByBybitCEX | ONUSDT | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0% | 8h | 08:00 | 77.96 | $130k | $42k | TradFi | ByBybit |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| MxMEXCCEX | AsAster | −2.9% | 32.5% | 17.5% | 30.2% | 14.4% | 21.6% | 2.5d | cooling | $249k | MxAs | calc | ||
| BnBinanceCEX | AsAster | −3.9% | 32.4% | 18.1% | 20.7% | 13.4% | 20.2% | 3.6d | cooling | $366k | BnAs | calc | ||
| GtGateCEX | AsAster | 30.8% | 33.1% | 18.6% | 35.5% | 12.6% | 18.9% | 4.5d | steady | $309k | GtAs | calc | ||
| VaVariational | AsAster | 30.8% | 33.1% | 19.2% | 35.6% | 17.2% | 25.7% | 1.5d | steady | $43k | low OIspread not incl. | VaAs | calc | |
| VaVariational | MxMEXCCEX | 33.7% | 0.7% | 1.7% | 5.4% | 0.7% | 1.0% | 8.4d | weak | $43k | low OIspread not incl. | VaMx | calc | |
| VaVariational | BnBinanceCEX | 34.7% | 0.7% | 1.1% | 3.4% | −1.5% | −2.3% | 33d | weak | $43k | low OIspread not incl. | VaBn | calc | |
| BnBinanceCEX | MxMEXCCEX | −1.0% | 0.0% | 0.6% | 0.2% | −3.0% | −4.5% | 81d | weak | $249k | BnMx | calc | ||
| GtGateCEX | MxMEXCCEX | 33.7% | 0.7% | 1.1% | 5.3% | −3.9% | −5.8% | 63d | weak | $249k | GtMx | calc | ||
| MxMEXCCEX | BnBinanceCEX | 1.0% | 0.0% | −0.6% | −0.2% | −4.3% | −6.4% | — | weak | $249k | MxBn | calc | ||
| GtGateCEX | BnBinanceCEX | 34.7% | 0.7% | 0.5% | 3.1% | −6.0% | −9.1% | 193d | weak | $309k | GtBn | calc | ||
| VaVariational | GtGateCEX | 0.0% | 0.0% | 0.6% | 0.1% | −3.3% | −4.9% | 87d | weak | $43k | low OIspread not incl. | VaGt | calc | |
| AsAster | MxMEXCCEX | 2.9% | −32.5% | −17.5% | −30.2% | −20.6% | −31.0% | — | weak | $249k | AsMx | calc | ||
| AsAster | BnBinanceCEX | 3.9% | −32.4% | −18.1% | −20.7% | −22.8% | −34.2% | — | weak | $366k | AsBn | 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 03:56 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.
ON · Crypto
Indicative (mark or mid prices): buy on Gate at 0.12886, sell on Variational at 0.129607: 0.578% before fees, 0.428% after taker fees.
| Buy ↓ · Sell → | VaVariational0.129607 | BnBinance0.129158 | AsAster0.129005 | MxMEXC0.129 | GtGate0.12886 |
|---|---|---|---|---|---|
| GtGate0.12886 | 0.578% | 0.231% | 0.112% | 0.109% | — |
| MxMEXC0.129 | 0.469% | 0.122% | 0.004% | — | −0.109% |
| AsAster0.129005 | 0.466% | 0.118% | — | −0.004% | −0.112% |
| BnBinance0.129158 | 0.347% | — | −0.118% | −0.122% | −0.231% |
| VaVariational0.129607 | — | −0.347% | −0.466% | −0.469% | −0.578% |
All quotes (5)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| AsAster | 0.129005 | 0.129005 | mark | 5m | $70k | no FX |
| BnBinanceCEX | 0.129158 | 0.129158 | mark | 5m | $6.0M | no FX |
| GtGateCEX | 0.12886 | 0.12886 | mark | 5m | $170k | no FX |
| MxMEXCCEX | 0.129 | 0.129 | mark | 5m | $233k | no FX |
| VaVariational | 0.129607 | 0.129607 | mark | 5m | $4k |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
ON · TradFi
No two venues give a usable spread right now.
| Buy ↓ · Sell → | ByBybit77.96 |
|---|---|
| ByBybit77.96 | — |
All quotes (1)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| ByBybitCEX | 77.96 | 77.96 | mark | 5m | $42k | 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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