PANW funding rates
PANW perpetual funding across 3 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 0.5%long Bybit, short Gate · net −6.2%
- Highest funding now
- 0.0%ByBybitCEX
- Lowest funding now
- 0.0%ByBybitCEX
- Listed on
- 3 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ByBybitCEX | PANWUSDT | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0% | 8h | 16:00 | 422.05 | $551k | $24.6M | TradFi | ByBybit | |
| BgBitgetCEX | PANWUSDT | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0% | 8h | 16:00 | 422.13 | $115k | $277k | TradFi | BgBitget | |
| GtGateCEX | PANW_USDT | 0.0% | 3.8% | 0.5% | 0.5% | 0.0% | 4% | 8h | 16:00 | 421.88 | $203k | $2k | TradFi | GtGate |
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 | |||||||||||
| ByBybitCEX | GtGateCEX | 0.0% | 3.8% | 0.5% | 0.5% | −6.2% | −9.3% | 173d | weak | $203k | TradFi | ByGt | calc | |
| BgBitgetCEX | GtGateCEX | 0.0% | 3.8% | 0.5% | 0.4% | −6.5% | −9.7% | 179d | weak | $115k | TradFi | BgGt | 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 08:11 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.
PANW · TradFi
No two venues give a usable spread right now.
| Buy ↓ · Sell → | BgBitget422.13 | ByBybit422.05 | GtGate421.88 |
|---|---|---|---|
| GtGate421.88 | 0.059% | 0.040% | — |
| ByBybit422.05 | 0.019% | — | −0.040% |
| BgBitget422.13 | — | −0.019% | −0.059% |
All quotes (3)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| BgBitgetCEX | 422.13 | 422.13 | mark | 5m | $277k | closedno FX |
| ByBybitCEX | 422.05 | 422.05 | mark | 5m | $24.6M | closedno FX |
| GtGateCEX | 421.88 | 421.88 | mark | 5m | $2k | 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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