ORDER funding rates

ORDER perpetual funding across 7 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 04:01 UTC · refreshed every 5 min

Best pair · 7d: 0.0%long Gate, short MEXC · net −4.9%
Highest funding now: 10.9%RWA Perp
Lowest funding now: 10.9%RWA Perp
Listed on: 7 venues

Funding by venue

													Open
RWA Perp	PERP_ORDER_USDC	10.9%	11.5%	15.4%	58.6%	16.1%	100%	4h	08:00	0.03756	$93k	$2k	RwRWA Perp
BinanceCEX	ORDERUSDT	10.9%	10.9%	10.9%	11.3%	10.9%	100%	4h	08:00	0.03763	$1.1M	$434k	BnBinance
BybitCEX	ORDERUSDT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	8h	08:00	0.03757	$1.1M	$99k	ByBybit
BitgetCEX	ORDERUSDT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	4h	08:00	0.03762	$444k	$31k	BgBitget
GateCEX	ORDER_USDT	10.9%	10.8%	10.9%	10.9%	10.9%	100%	4h	08:00	0.03769	$60k	$3k	GtGate
MEXCCEX	ORDER_USDT	10.9%	10.9%	10.9%	11.1%	10.9%	100%	4h	08:00	0.03759	$145k	$101k	MxMEXC
Variational	ORDER	10.9%	10.9%	10.9%	11.0%	10.9%	100%	8h	—	0.03749	$5k	$2k	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
GateCEX	MEXCCEX	0.0%	0.1%	0.0%	0.2%	−4.9%	−7.4%	>999d	weak	$60k		Gt Mx	calc
GateCEX	BinanceCEX	0.0%	0.1%	0.0%	0.4%	−6.5%	−9.8%	>999d	weak	$60k		Gt Bn	calc
GateCEX	BybitCEX	0.0%	0.1%	0.0%	0.0%	−6.8%	−10.1%	>999d	weak	$60k	4h/8h	Gt By	calc
GateCEX	BitgetCEX	0.0%	0.1%	0.0%	0.0%	−7.0%	−10.5%	>999d	weak	$60k		Gt Bg	calc
GateCEX	Variational	0.0%	0.1%	0.0%	0.0%	−3.9%	−5.8%	>999d	weak	$5k	low OI4h/8hspread not incl.	Gt 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 04:01 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 Variational at 0.0374936, sell on Gate at 0.03769: 0.523% before fees, 0.373% after taker fees.

ORDER: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Gate0.03769	Binance0.03763	Bitget0.03762	MEXC0.03759	Bybit0.03757	RWA Perp0.03756	Variational0.0374936
Variational0.0374936	0.523%	0.363%	0.337%	0.257%	0.204%	0.177%	—
RWA Perp0.03756	0.346%	0.186%	0.160%	0.080%	0.027%	—	−0.177%
Bybit0.03757	0.319%	0.160%	0.133%	0.053%	—	−0.027%	−0.204%
MEXC0.03759	0.266%	0.106%	0.080%	—	−0.053%	−0.080%	−0.257%
Bitget0.03762	0.186%	0.027%	—	−0.080%	−0.133%	−0.160%	−0.337%
Binance0.03763	0.159%	—	−0.027%	−0.106%	−0.160%	−0.186%	−0.363%
Gate0.03769	—	−0.159%	−0.186%	−0.266%	−0.319%	−0.346%	−0.523%

All quotes (7)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
BinanceCEX	0.03763	0.03763	mark	4m	$434k	no FX
BitgetCEX	0.03762	0.03762	mark	4m	$31k	no FX
BybitCEX	0.03757	0.03757	mark	4m	$99k	no FX
GateCEX	0.03769	0.03769	mark	4m	$3k	no FX
MEXCCEX	0.03759	0.03759	mark	5m	$101k	no FX
RWA Perp	0.03756	0.03756	mark	4m	$2k
Variational	0.0374936	0.0374936	mark	4m	$2k

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

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