OPENAI funding rates

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

· refreshed every 5 min

Best pair · 7d
5.5%long Gate, short Variational · net 1.6%
Highest funding now
5.5%Aster
Lowest funding now
−1.8%Lighter
Listed on
9 venues

Funding by venue

7d chartFlagsOpen
AsterOPENAIUSDT5.5%5.5%5.5%5.5%5.5%100%8h08:001,692$129k$8kTradFiAsAster
GRVTOPENAI_USDT_Perp5.5%5.5%5.5%5.5%5.5%100%8h08:001,692$2k$123kTradFiGrGRVT
MEXCCEXOPENAI_USDT5.5%5.5%5.5%5.5%5.5%100%8h08:001,692$3.2M$470kTradFiMxMEXC
VariationalOPENAI5.5%5.5%5.5%5.5%5.5%100%8h—1,689$950k$663kTradFiVaVariational
ExtendedOPENAI-USD5.3%5.3%5.3%5.2%5.3%100%1h04:001,689$174k$555kTradFiExExtended
BitgetCEXOPENAIUSDT0.0%0.0%0.0%0.0%0.0%0%8h08:001,613$11.9M$2.9MTradFiBgBitget
GateCEXOPENAI_USDT0.0%0.0%0.0%0.0%0.0%0%8h08:001,692$28.4M$11.5MTradFiGtGate
LighterOPENAI−1.8%0.2%0.3%1.6%0.3%28%1h04:001,750$1.5M$426kTradFiLiLighter
Lighter RHOPENAI−1.8%0.2%1.8%3.0%2.0%67%1h04:001,735$4.3M$23.9MTradFiLrLighter RH

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
GateCEXVariational5.5%5.5%5.5%5.5%1.6%2.3%10dsteady$950kTradFispread not incl.GtVacalc
LighterLighter RH0.0%0.0%1.5%1.3%1.5%2.2%<0.1dweak$1.5MTradFiLiLrcalc
GateCEXMEXCCEX5.5%5.5%5.5%5.5%0.5%0.8%13dsteady$3.2MTradFiGtMxcalc
LighterVariational7.2%5.2%5.2%3.9%5.2%7.8%<0.1dsteady$950k≠ asset?1h/8hTradFispread not incl.LiVacalc
LighterMEXCCEX7.2%5.2%5.2%3.9%4.2%6.2%2.8dsteady$1.5M≠ asset?1h/8hTradFiLiMxcalc
Lighter RHVariational7.2%5.2%3.7%2.5%3.7%5.6%<0.1dweak$950k≠ asset?1h/8hTradFispread not incl.LrVacalc
LighterExtended7.0%5.0%5.0%3.7%3.7%5.5%3.7dweak$174k≠ asset?TradFiLiExcalc
LighterAster7.2%5.2%5.2%3.9%3.1%4.7%5.6dsteady$129k≠ asset?1h/8hTradFiLiAscalc
Lighter RHMEXCCEX7.2%5.2%3.7%2.5%2.7%4.0%3.9dweak$3.2M≠ asset?1h/8hTradFiLrMxcalc
BitgetCEXVariational5.5%5.5%5.5%5.5%2.3%3.5%8.0dsteady$950k≠ asset?TradFispread not incl.BgVacalc
Lighter RHExtended7.0%5.0%3.5%2.2%2.2%3.3%5.2dweak$174k≠ asset?TradFiLrExcalc
Lighter RHAster7.2%5.2%3.7%2.5%1.6%2.4%7.9dweak$129k≠ asset?1h/8hTradFiLrAscalc
LighterGRVT7.2%5.2%5.2%3.9%2.8%4.3%6.3dsteady$2k≠ asset?low OI1h/8hTradFiLiGrcalc
BitgetCEXMEXCCEX5.5%5.5%5.5%5.5%1.3%2.0%11dsteady$3.2M≠ asset?TradFiBgMxcalc
BitgetCEXExtended5.3%5.3%5.3%5.2%0.8%1.2%12dsteady$174k≠ asset?8h/1hTradFiBgExcalc
Lighter RHGRVT7.2%5.2%3.7%2.5%1.4%2.0%8.9dweak$2k≠ asset?low OI1h/8hTradFiLrGrcalc
GateCEXExtended5.3%5.3%5.3%5.2%0.0%0.1%14dsteady$174k8h/1hTradFiGtExcalc
BitgetCEXAster5.5%5.5%5.5%5.5%0.3%0.4%13dsteady$129k≠ asset?TradFiBgAscalc
BitgetCEXGRVT5.5%5.5%5.5%5.5%0.0%0.0%14dsteady$2k≠ asset?low OITradFiBgGrcalc
GateCEXAster5.5%5.5%5.5%5.5%−0.5%−0.8%15dsteady$129kTradFiGtAscalc
ExtendedVariational0.2%0.2%0.2%0.2%−1.1%−1.6%83dweak$174k1h/8hTradFispread not incl.ExVacalc
GateCEXGRVT5.5%5.5%5.5%5.5%−0.8%−1.2%16dsteady$2klow OITradFiGtGrcalc
ExtendedMEXCCEX0.2%0.2%0.2%0.2%−2.1%−3.2%150dweak$174k1h/8hTradFiExMxcalc
ExtendedAster0.2%0.2%0.2%0.2%−3.2%−4.8%217dweak$129k1h/8hTradFiExAscalc
ExtendedGRVT0.2%0.2%0.2%0.2%−3.4%−5.1%233dweak$2klow OI1h/8hTradFiExGrcalc
BitgetCEXLighter RH−1.8%0.2%1.8%3.0%−1.4%−2.0%25dweak$4.3M≠ asset?8h/1hTradFiBgLrcalc
GateCEXLighter RH−1.8%0.2%1.8%3.0%−2.1%−3.2%31dweak$4.3M≠ asset?8h/1hTradFiGtLrcalc
BitgetCEXLighter−1.8%0.2%0.3%1.6%−2.8%−4.3%156dweak$1.5M≠ asset?8h/1hTradFiBgLicalc
LighterBitgetCEX1.8%−0.2%−0.3%−1.6%−3.4%−5.1%—weak$1.5M≠ asset?1h/8hTradFiLiBgcalc
GateCEXLighter−1.8%0.2%0.3%1.6%−3.6%−5.4%195dweak$1.5M≠ asset?8h/1hTradFiGtLicalc
LighterGateCEX1.8%−0.2%−0.3%−1.6%−4.2%−6.3%—weak$1.5M≠ asset?1h/8hTradFiLiGtcalc
Lighter RHBitgetCEX1.8%−0.2%−1.8%−3.0%−4.9%−7.4%—mixed$4.3M≠ asset?1h/8hTradFiLrBgcalc
Lighter RHGateCEX1.8%−0.2%−1.8%−3.0%−5.7%−8.5%—mixed$4.3M≠ asset?1h/8hTradFiLrGtcalc
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 03:16 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.

OPENAI · TradFi

No two venues give a usable spread right now.

OPENAI: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Lighter1,749.99Lighter RH1,735.1GRVT1,692.16Gate1,691.98MEXC1,691.86Aster1,691.54Extended1,689.43Variational1,689.33Bitget1,612.53
Bitget1,612.538.18%7.32%4.82%4.81%4.80%4.78%4.66%4.65%—
Variational1,689.333.53%2.67%0.167%0.157%0.150%0.131%0.006%—−4.65%
Extended1,689.433.52%2.67%0.161%0.151%0.144%0.125%—−0.006%−4.66%
Aster1,691.543.40%2.54%0.036%0.026%0.019%—−0.125%−0.131%−4.78%
MEXC1,691.863.38%2.52%0.017%0.007%—−0.019%−0.144%−0.150%−4.80%
Gate1,691.983.37%2.52%0.010%—−0.007%−0.026%−0.151%−0.157%−4.81%
GRVT1,692.163.36%2.51%—−0.010%−0.017%−0.036%−0.161%−0.167%−4.82%
Lighter RH1,735.10.855%—−2.51%−2.52%−2.52%−2.54%−2.67%−2.67%−7.32%
Lighter1,749.99—−0.855%−3.36%−3.37%−3.38%−3.40%−3.52%−3.53%−8.18%
All quotes (9)
VenueBidAskQualityAgeVol 24hFlags
Aster1,691.541,691.54mark7m$8kno FX
BitgetCEX1,612.531,612.53mark6m$2.9M≠ asset?no FX
Extended1,689.431,689.43mark7m$555k
GateCEX1,691.981,691.98mark6m$11.5Mno FX
GRVT1,692.161,692.16mark7m$123kno FX
Lighter1,749.991,749.99mark7m$426k≠ asset?
MEXCCEX1,691.861,691.86mark7m$470kno FX
Lighter RH1,735.11,735.1mark7m$23.9M
Variational1,689.331,689.33mark7m$663k

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

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