OP funding rates

OP perpetual funding across 12 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 03:10 UTC · refreshed every 5 min

Best pair · 7d: 9.6%long Gate, short Aster · net 3.6%
Highest funding now: 11.4%Extended
Lowest funding now: 2.9%Variational
Listed on: 12 venues

Funding by venue

													Open
Extended	OP-USD	11.4%	7.8%	4.4%	5.8%	3.9%	76%	1h	04:00	0.1407	$34k	$118k	ExExtended
Hyperliquid	OP	10.9%	5.4%	8.8%	8.4%	9.3%	92%	1h	—	0.141	$4.7M	$2.4M	HyHyperliquid
Aster	OPUSDT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	8h	08:00	0.1408	$234k	$136k	AsAster
GRVT	OP_USDT_Perp	10.9%	10.9%	10.2%	10.4%	10.1%	100%	8h	08:00	0.1408	$329k	$5.7M	GrGRVT
BinanceCEX	OPUSDT	10.9%	7.3%	4.2%	5.8%	3.7%	76%	8h	08:00	0.1409	$19.5M	$42.8M	BnBinance
BybitCEX	OPUSDT	10.9%	0.3%	4.6%	5.6%	5.4%	74%	8h	08:00	0.1409	$20.3M	$18.3M	ByBybit
BitgetCEX	OPUSDT	10.9%	10.9%	10.9%	10.1%	10.9%	100%	8h	08:00	0.1408	$5.2M	$3.4M	BgBitget
MEXCCEX	OP_USDT	10.9%	9.8%	5.3%	6.0%	4.5%	81%	8h	08:00	0.1406	$11.7M	$10.9M	MxMEXC
Lighter	OP	10.5%	10.5%	10.5%	10.1%	10.5%	100%	1h	04:00	0.1415	$177k	$329k	LiLighter
RWA Perp	PERP_OP_USDC	6.3%	3.5%	4.3%	4.0%	4.4%	62%	8h	08:00	0.1407	$10k	$13k	RwRWA Perp
GateCEX	OP_USDT	3.4%	0.7%	1.3%	2.3%	1.4%	55%	8h	08:00	0.1409	$12.4M	$821k	GtGate
Variational	OP	2.9%	−6.6%	3.1%	−2.3%	4.7%	63%	8h	—	0.1404	$110k	$105k	VaVariational

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	Lighter	7.6%	17.1%	7.4%	12.4%	7.4%	11.2%	<0.1d	steady	$110k	8h/1hspread not incl.	Va Li	calc
Variational	Aster	8.1%	17.5%	7.9%	13.2%	5.8%	8.7%	3.7d	steady	$110k	spread not incl.	Va As	calc
GateCEX	Lighter	7.1%	9.8%	9.2%	7.8%	5.3%	7.9%	6.0d	steady	$177k	8h/1h	Gt Li	calc
Variational	BitgetCEX	8.1%	17.5%	7.9%	12.4%	4.8%	7.1%	5.6d	steady	$110k	spread not incl.	Va Bg	calc
BinanceCEX	Lighter	−0.4%	3.2%	6.3%	4.5%	3.7%	5.6%	5.8d	cooling	$177k	8h/1h	Bn Li	calc
GateCEX	Aster	7.6%	10.2%	9.6%	8.7%	3.6%	5.4%	8.7d	steady	$234k		Gt As	calc
Variational	Hyperliquid	8.1%	12.0%	5.7%	10.6%	3.4%	5.0%	5.8d	weak	$110k	8h/1hspread not incl.	Va Hy	calc
GateCEX	GRVT	7.6%	10.2%	8.9%	8.1%	2.7%	4.0%	9.8d	steady	$329k		Gt Gr	calc
GateCEX	BitgetCEX	7.6%	10.2%	9.6%	7.8%	2.6%	3.9%	10d	steady	$5.2M		Gt Bg	calc
MEXCCEX	Aster	0.0%	1.1%	5.7%	5.0%	2.5%	3.8%	7.7d	cooling	$234k		Mx As	calc
Variational	GRVT	8.1%	17.5%	7.2%	12.6%	4.8%	7.3%	4.6d	spike ×3.2	$110k	spread not incl.	Va Gr	calc
Extended	Lighter	−0.9%	2.7%	6.1%	4.3%	4.8%	7.2%	3.0d	cooling	$34k	low OI	Ex Li	calc
MEXCCEX	Lighter	−0.4%	0.7%	5.2%	4.1%	4.2%	6.3%	2.8d	mixed	$177k	8h/1h	Mx Li	calc
BinanceCEX	Aster	0.0%	3.6%	6.8%	5.1%	2.1%	3.1%	9.7d	cooling	$234k		Bn As	calc
Extended	Aster	−0.4%	3.2%	6.5%	5.1%	3.1%	4.7%	7.3d	cooling	$34k	low OI1h/8h	Ex As	calc
MEXCCEX	GRVT	0.0%	1.1%	5.0%	4.4%	1.6%	2.3%	9.6d	cooling	$329k		Mx Gr	calc
BybitCEX	Lighter	−0.4%	10.2%	5.9%	4.5%	3.0%	4.5%	6.8d	mixed	$177k	8h/1h	By Li	calc
MEXCCEX	BitgetCEX	0.0%	1.1%	5.7%	4.1%	1.5%	2.2%	10d	cooling	$5.2M		Mx Bg	calc
BybitCEX	Aster	0.0%	10.7%	6.3%	5.3%	1.4%	2.0%	11d	cooling	$234k		By As	calc
GateCEX	Hyperliquid	7.6%	4.7%	7.4%	6.1%	1.2%	1.8%	12d	steady	$4.7M	8h/1h	Gt Hy	calc
BinanceCEX	GRVT	0.0%	3.6%	6.1%	4.4%	1.1%	1.7%	11d	cooling	$329k		Bn Gr	calc
Extended	GRVT	−0.4%	3.2%	5.8%	4.5%	2.2%	3.3%	8.8d	cooling	$34k	low OI1h/8h	Ex Gr	calc
Extended	BitgetCEX	−0.4%	3.2%	6.5%	4.3%	2.1%	3.2%	9.5d	cooling	$34k	low OI1h/8h	Ex Bg	calc
BinanceCEX	BitgetCEX	0.0%	3.6%	6.8%	5.1%	1.0%	1.5%	12d	cooling	$5.2M		Bn Bg	calc
Variational	MEXCCEX	8.1%	16.4%	2.2%	8.2%	1.2%	1.8%	6.6d	spike	$110k	spread not incl.	Va Mx	calc
BybitCEX	GRVT	0.0%	10.7%	5.6%	4.7%	0.4%	0.6%	13d	weak	$329k		By Gr	calc
BybitCEX	BitgetCEX	0.0%	10.7%	6.3%	4.5%	0.3%	0.5%	13d	cooling	$5.2M		By Bg	calc
Extended	Hyperliquid	−0.4%	−2.4%	4.4%	2.5%	0.7%	1.1%	12d	mixed	$34k	low OI	Ex Hy	calc
MEXCCEX	Hyperliquid	0.0%	−4.4%	3.5%	2.4%	0.1%	0.1%	14d	weak	$4.7M	8h/1h	Mx Hy	calc
Variational	Extended	8.5%	14.4%	1.4%	8.1%	0.0%	0.1%	13d	weak	$34k	low OI8h/1hspread not incl.	Va Ex	calc
BinanceCEX	Hyperliquid	0.0%	−1.9%	4.6%	1.8%	−0.4%	−0.6%	15d	cooling	$4.7M	8h/1h	Bn Hy	calc
GateCEX	MEXCCEX	7.6%	9.1%	4.0%	3.7%	−1.0%	−1.5%	17d	weak	$11.7M		Gt Mx	calc
BybitCEX	Hyperliquid	0.0%	5.1%	4.1%	2.7%	−1.1%	−1.6%	18d	weak	$4.7M	8h/1h	By Hy	calc
Hyperliquid	Lighter	−0.4%	5.1%	1.7%	1.7%	−0.6%	−0.9%	19d	mixed	$177k		Hy Li	calc
Variational	BybitCEX	8.1%	6.9%	1.6%	7.9%	−1.3%	−1.9%	25d	weak	$110k	spread not incl.	Va By	calc
Variational	BinanceCEX	8.1%	13.9%	1.1%	6.2%	−1.5%	−2.2%	32d	weak	$110k	spread not incl.	Va Bn	calc
Lighter	Aster	0.4%	0.4%	0.4%	0.9%	−1.6%	−2.5%	67d	weak	$177k	1h/8h	Li As	calc
Hyperliquid	Aster	0.0%	5.5%	2.2%	2.6%	−2.3%	−3.4%	28d	weak	$234k	1h/8h	Hy As	calc
BinanceCEX	MEXCCEX	0.0%	2.5%	1.1%	0.3%	−2.5%	−3.8%	46d	weak	$11.7M		Bn Mx	calc
Lighter	GRVT	0.4%	0.4%	−0.3%	0.3%	−2.6%	−3.9%	—	weak	$177k	1h/8h	Li Gr	calc
Lighter	BitgetCEX	0.4%	0.4%	0.4%	0.0%	−2.7%	−4.0%	100d	weak	$177k	1h/8h	Li Bg	calc
Hyperliquid	GRVT	0.0%	5.5%	1.5%	2.0%	−3.2%	−4.8%	44d	weak	$329k	1h/8h	Hy Gr	calc
BybitCEX	MEXCCEX	0.0%	9.6%	0.7%	0.3%	−3.3%	−4.9%	84d	weak	$11.7M		By Mx	calc
Hyperliquid	BitgetCEX	0.0%	5.5%	2.2%	1.7%	−3.3%	−4.9%	35d	weak	$4.7M	1h/8h	Hy Bg	calc
GateCEX	BybitCEX	7.6%	−0.5%	3.3%	3.4%	−3.5%	−5.2%	29d	weak	$12.4M		Gt By	calc
GateCEX	BinanceCEX	7.6%	6.6%	2.9%	3.4%	−3.7%	−5.5%	32d	weak	$12.4M		Gt Bn	calc
GRVT	Aster	0.0%	0.0%	0.7%	0.6%	−3.7%	−5.6%	88d	weak	$234k		Gr As	calc
Lighter	Hyperliquid	0.4%	−5.1%	−1.7%	−1.7%	−4.1%	−6.1%	—	weak	$177k		Li Hy	calc
GRVT	Lighter	−0.4%	−0.4%	0.3%	−0.3%	−2.1%	−3.1%	124d	mixed	$177k	8h/1h	Gr Li	calc
GateCEX	Extended	8.0%	7.0%	3.1%	3.6%	−2.1%	−3.2%	24d	weak	$34k	low OI8h/1h	Gt Ex	calc
GateCEX	Variational	−0.5%	−7.3%	1.7%	−4.5%	−2.2%	−3.3%	31d	mixed	$110k	spread not incl.	Gt Va	calc
GRVT	BitgetCEX	0.0%	0.0%	0.7%	−0.3%	−4.8%	−7.2%	109d	weak	$329k		Gr Bg	calc
BinanceCEX	BybitCEX	0.0%	−7.0%	0.4%	−0.3%	−5.0%	−7.5%	171d	weak	$19.5M		Bn By	calc
Extended	MEXCCEX	−0.4%	2.1%	0.9%	0.1%	−1.5%	−2.2%	38d	mixed	$34k	low OI1h/8h	Ex Mx	calc
BinanceCEX	Extended	0.4%	0.5%	0.2%	0.1%	−3.7%	−5.5%	242d	weak	$34k	low OI8h/1h	Bn Ex	calc
BybitCEX	Extended	0.4%	7.5%	−0.2%	0.2%	−4.4%	−6.6%	—	weak	$34k	low OI8h/1h	By Ex	calc
Variational	GateCEX	0.5%	7.3%	−1.7%	4.5%	−5.7%	−8.5%	—	mixed	$110k	spread not incl.	Va Gt	calc
Lighter	MEXCCEX	0.4%	−0.7%	−5.2%	−4.1%	−6.3%	−9.4%	—	mixed	$177k	1h/8h	Li Mx	calc
MEXCCEX	Extended	0.4%	−2.1%	−0.9%	−0.1%	−3.2%	−4.8%	—	mixed	$34k	low OI8h/1h	Mx Ex	calc
Extended	BybitCEX	−0.4%	−7.5%	0.2%	−0.2%	−3.9%	−5.9%	263d	mixed	$34k	low OI1h/8h	Ex By	calc
Lighter	BybitCEX	0.4%	−10.2%	−5.9%	−4.5%	−8.7%	−13.1%	—	mixed	$177k	1h/8h	Li By	calc
Lighter	BinanceCEX	0.4%	−3.2%	−6.3%	−4.5%	−8.9%	−13.4%	—	mixed	$177k	1h/8h	Li Bn	calc
Lighter	Extended	0.9%	−2.7%	−6.1%	−4.3%	−7.4%	−11.1%	—	mixed	$34k	low OI	Li Ex	calc
Hyperliquid	Extended	0.4%	2.4%	−4.4%	−2.5%	−8.0%	−12.0%	—	mixed	$34k	low OI	Hy Ex	calc
GRVT	Extended	0.4%	−3.2%	−5.8%	−4.5%	−9.5%	−14.2%	—	mixed	$34k	low OI8h/1h	Gr Ex	calc
Aster	Extended	0.4%	−3.2%	−6.5%	−5.1%	−9.9%	−14.9%	—	mixed	$34k	low OI8h/1h	As Ex	calc
BitgetCEX	Extended	0.4%	−3.2%	−6.5%	−4.3%	−11.0%	−16.4%	—	mixed	$34k	low OI8h/1h	Bg Ex	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 03:10 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.

OP: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	MEXC0.14064
MEXC0.14064	—

All quotes (12)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
MEXCCEX	0.14064	0.14064	mark	8m	$10.9M	no FX
Aster	0.140828	0.140828	mark	12m	$136k	staleno FX
BinanceCEX	0.14091	0.14091	mark	12m	$42.8M	staleno FX
BitgetCEX	0.1408	0.1408	mark	12m	$3.4M	staleno FX
BybitCEX	0.14085	0.14085	mark	12m	$18.3M	staleno FX
Extended	0.140698	0.140698	mark	12m	$118k	stale
GateCEX	0.1409	0.1409	mark	12m	$821k	staleno FX
GRVT	0.14081	0.14081	mark	12m	$5.7M	staleno FX
Hyperliquid	0.14096	0.14096	mark	12m	$2.4M	stale
Lighter	0.141485	0.141485	mark	12m	$329k	stale
RWA Perp	0.1407	0.1407	mark	12m	$13k	stale
Variational	0.140372	0.140372	mark	12m	$105k	stale

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

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