POL funding rates

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

Data as of 2026-10-12 03:56 UTC · refreshed every 5 min

Best pair · 7d: 21.2%long GRVT, short Hyperliquid · net 16.5%
Highest funding now: 10.9%Hyperliquid
Lowest funding now: −19.1%RWA Perp
Listed on: 12 venues

Funding by venue

													Open
Hyperliquid	POL	10.9%	10.9%	10.9%	11.7%	10.9%	100%	1h	—	0.1032	$6.7M	$494k	HyHyperliquid
Aster	POLUSDT	10.9%	8.1%	6.2%	−8.1%	5.8%	79%	4h	04:00	0.1031	$339k	$84k	AsAster
BybitCEX	POLUSDT	10.9%	7.7%	6.1%	5.9%	5.8%	86%	4h	04:00	0.1032	$14.9M	$5.2M	ByBybit
BitgetCEX	POLUSDT	10.9%	10.9%	10.0%	8.3%	9.8%	98%	4h	04:00	0.1032	$4.0M	$970k	BgBitget
GateCEX	POL_USDT	10.9%	4.6%	3.0%	3.0%	2.8%	71%	4h	04:00	0.1032	$15.5M	$337k	GtGate
Variational	POL	10.9%	10.9%	9.6%	9.0%	9.3%	96%	4h	—	0.1027	$221k	$45k	VaVariational
Lighter	POL	10.5%	10.5%	10.5%	10.4%	10.4%	100%	1h	04:00	0.1028	$287k	$48k	LiLighter
BinanceCEX	POLUSDT	7.1%	−2.4%	0.1%	−1.7%	0.6%	55%	4h	04:00	0.1032	$18.8M	$19.4M	BnBinance
Extended	POL-USD	7.0%	−1.9%	−0.2%	−1.8%	0.0%	58%	1h	04:00	0.1029	$83k	$236k	ExExtended
MEXCCEX	POL_USDT	6.8%	0.8%	0.6%	−1.4%	0.6%	55%	4h	04:00	0.1031	$13.3M	$2.4M	MxMEXC
GRVT	POL_USDT_Perp	6.4%	−13.4%	−10.3%	−8.9%	−9.7%	15%	4h	04:00	0.1031	$987k	$2.8M	GrGRVT
RWA Perp	PERP_POL_USDC	−19.1%	−20.2%	−18.7%	−24.2%	−18.4%	0%	4h	04:00	0.103	$13k	$19k	RwRWA Perp

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
GRVT	Lighter	4.2%	23.9%	20.7%	19.3%	18.4%	27.6%	1.6d	steady	$287k	4h/1h	Gr Li	calc
GRVT	Variational	4.6%	24.4%	19.8%	17.9%	17.5%	26.2%	1.7d	steady	$221k	spread not incl.	Gr Va	calc
GRVT	Hyperliquid	4.6%	24.4%	21.2%	20.6%	16.5%	24.8%	3.1d	steady	$987k	4h/1h	Gr Hy	calc
GRVT	BitgetCEX	4.6%	24.3%	20.2%	17.3%	14.8%	22.2%	3.8d	steady	$987k		Gr Bg	calc
GRVT	Aster	4.6%	21.5%	16.4%	0.8%	12.0%	18.0%	3.8d	steady	$339k		Gr As	calc
GRVT	BybitCEX	4.6%	21.1%	16.4%	14.8%	11.2%	16.7%	4.5d	steady	$987k		Gr By	calc
Extended	Lighter	3.5%	12.4%	10.7%	12.2%	9.4%	14.1%	1.7d	steady	$83k		Ex Li	calc
MEXCCEX	Lighter	3.7%	9.8%	9.9%	11.7%	8.8%	13.2%	1.5d	steady	$287k	4h/1h	Mx Li	calc
Extended	Variational	3.9%	12.8%	9.8%	10.8%	8.5%	12.7%	1.9d	steady	$83k	1h/4hspread not incl.	Ex Va	calc
MEXCCEX	Variational	4.2%	10.2%	9.0%	10.3%	7.9%	11.9%	1.6d	steady	$221k	spread not incl.	Mx Va	calc
BinanceCEX	Lighter	3.4%	12.9%	10.3%	12.1%	7.7%	11.6%	3.5d	steady	$287k	4h/1h	Bn Li	calc
Extended	Hyperliquid	3.9%	12.8%	11.2%	13.5%	7.5%	11.3%	4.6d	steady	$83k		Ex Hy	calc
GRVT	MEXCCEX	0.4%	14.2%	10.9%	7.6%	7.5%	11.2%	4.4d	steady	$987k		Gr Mx	calc
GRVT	GateCEX	4.6%	18.1%	13.3%	11.9%	7.0%	10.6%	6.6d	steady	$987k		Gr Gt	calc
MEXCCEX	Hyperliquid	4.2%	10.2%	10.4%	13.0%	7.0%	10.5%	4.6d	steady	$6.7M	4h/1h	Mx Hy	calc
BinanceCEX	Variational	3.9%	13.4%	9.4%	10.6%	6.8%	10.2%	3.9d	steady	$221k	spread not incl.	Bn Va	calc
GRVT	Extended	0.7%	11.6%	10.0%	7.1%	6.4%	9.6%	5.1d	steady	$83k	4h/1h	Gr Ex	calc
BinanceCEX	Hyperliquid	3.9%	13.4%	10.8%	13.3%	5.9%	8.8%	6.4d	steady	$6.7M	4h/1h	Bn Hy	calc
Extended	BitgetCEX	3.9%	12.7%	10.2%	10.2%	5.8%	8.6%	6.1d	steady	$83k	1h/4h	Ex Bg	calc
GRVT	BinanceCEX	0.7%	11.0%	10.4%	7.9%	5.4%	8.2%	6.7d	steady	$987k		Gr Bn	calc
MEXCCEX	BitgetCEX	4.2%	10.1%	9.4%	9.7%	5.2%	7.8%	6.2d	steady	$4.0M		Mx Bg	calc
BinanceCEX	BitgetCEX	3.9%	13.3%	9.8%	9.9%	4.1%	6.2%	8.2d	steady	$4.0M		Bn Bg	calc
GateCEX	Lighter	−0.4%	5.9%	7.4%	7.4%	3.5%	5.3%	7.4d	cooling	$287k	4h/1h	Gt Li	calc
Extended	Aster	3.9%	10.0%	6.4%	−6.3%	3.0%	4.5%	7.4d	steady	$83k	1h/4h	Ex As	calc
GateCEX	Variational	0.0%	6.3%	6.5%	6.0%	2.6%	3.9%	8.4d	cooling	$221k	spread not incl.	Gt Va	calc
MEXCCEX	Aster	4.2%	7.4%	5.6%	−6.8%	2.4%	3.7%	7.9d	steady	$339k		Mx As	calc
Extended	BybitCEX	3.9%	9.5%	6.3%	7.7%	2.2%	3.2%	9.2d	steady	$83k	1h/4h	Ex By	calc
GateCEX	Hyperliquid	0.0%	6.3%	7.9%	8.7%	1.7%	2.5%	11d	cooling	$6.7M	4h/1h	Gt Hy	calc
MEXCCEX	BybitCEX	4.2%	6.9%	5.5%	7.2%	1.6%	2.4%	9.9d	steady	$13.3M		Mx By	calc
BinanceCEX	Aster	3.9%	10.6%	6.0%	−6.1%	1.3%	2.0%	11d	steady	$339k		Bn As	calc
Aster	Variational	0.0%	2.8%	3.4%	17.1%	1.3%	2.0%	8.6d	weak	$221k	spread not incl.	As Va	calc
Aster	Lighter	−0.4%	2.4%	4.3%	18.5%	2.2%	3.3%	6.8d	mixed	$287k	4h/1h	As Li	calc
BybitCEX	Lighter	−0.4%	2.8%	4.3%	4.5%	1.5%	2.2%	9.2d	mixed	$287k	4h/1h	By Li	calc
BybitCEX	Variational	0.0%	3.3%	3.5%	3.1%	0.6%	0.9%	12d	weak	$221k	spread not incl.	By Va	calc
BinanceCEX	BybitCEX	3.9%	10.1%	6.0%	7.6%	0.5%	0.8%	13d	steady	$14.9M		Bn By	calc
Variational	Lighter	−0.4%	−0.4%	0.9%	1.4%	0.9%	1.3%	<0.1d	mixed	$221k	4h/1hspread not incl.	Va Li	calc
Aster	Hyperliquid	0.0%	2.8%	4.8%	19.8%	0.4%	0.5%	13d	cooling	$339k	4h/1h	As Hy	calc
GateCEX	BitgetCEX	0.0%	6.2%	6.9%	5.4%	−0.1%	−0.2%	14d	cooling	$4.0M		Gt Bg	calc
BybitCEX	Hyperliquid	0.0%	3.3%	4.8%	5.8%	−0.4%	−0.6%	15d	cooling	$6.7M	4h/1h	By Hy	calc
Lighter	Variational	0.4%	0.4%	−0.9%	−1.4%	−0.9%	−1.3%	—	weak	$221k	1h/4hspread not incl.	Li Va	calc
Variational	Hyperliquid	0.0%	0.0%	1.4%	2.7%	−1.0%	−1.4%	24d	weak	$221k	4h/1hspread not incl.	Va Hy	calc
Aster	BitgetCEX	0.0%	2.7%	3.8%	16.5%	−1.4%	−2.1%	19d	weak	$339k		As Bg	calc
Lighter	Hyperliquid	0.4%	0.4%	0.5%	1.3%	−1.9%	−2.8%	66d	weak	$287k		Li Hy	calc
BybitCEX	BitgetCEX	0.0%	3.2%	3.9%	2.5%	−2.1%	−3.2%	22d	weak	$4.0M		By Bg	calc
MEXCCEX	GateCEX	4.2%	3.9%	2.4%	4.3%	−2.5%	−3.8%	28d	weak	$13.3M		Mx Gt	calc
Variational	BitgetCEX	0.0%	−0.1%	0.4%	−0.6%	−2.7%	−4.1%	105d	weak	$221k	spread not incl.	Va Bg	calc
GateCEX	Aster	0.0%	3.5%	3.1%	−11.1%	−2.9%	−4.3%	27d	weak	$339k		Gt As	calc
Extended	MEXCCEX	−0.2%	2.6%	0.8%	0.5%	−1.5%	−2.3%	40d	mixed	$83k	1h/4h	Ex Mx	calc
Lighter	BitgetCEX	0.4%	0.4%	−0.5%	−2.0%	−3.6%	−5.4%	—	weak	$287k	1h/4h	Li Bg	calc
BinanceCEX	GateCEX	3.9%	7.1%	2.9%	4.6%	−3.6%	−5.4%	31d	weak	$15.5M		Bn Gt	calc
GateCEX	BybitCEX	0.0%	3.0%	3.1%	2.9%	−3.7%	−5.6%	31d	weak	$14.9M		Gt By	calc
Extended	GateCEX	3.9%	6.5%	3.3%	4.8%	−2.0%	−2.9%	22d	mixed	$83k	1h/4h	Ex Gt	calc
BitgetCEX	Hyperliquid	0.0%	0.1%	1.0%	3.3%	−4.5%	−6.8%	79d	weak	$4.0M	4h/1h	Bg Hy	calc
BybitCEX	Aster	0.0%	0.4%	0.1%	−14.0%	−4.9%	−7.3%	>999d	weak	$339k		By As	calc
BitgetCEX	Lighter	−0.4%	−0.4%	0.5%	2.0%	−2.6%	−4.0%	91d	mixed	$287k	4h/1h	Bg Li	calc
MEXCCEX	Extended	0.2%	−2.6%	−0.8%	−0.5%	−3.2%	−4.7%	—	mixed	$83k	4h/1h	Mx Ex	calc
Lighter	Aster	0.4%	−2.4%	−4.3%	−18.5%	−6.4%	−9.6%	—	weak	$287k	1h/4h	Li As	calc
BinanceCEX	MEXCCEX	−0.3%	3.2%	0.5%	0.1%	−3.2%	−4.8%	111d	mixed	$13.3M		Bn Mx	calc
Extended	BinanceCEX	0.1%	−0.6%	0.4%	0.4%	−3.6%	−5.3%	155d	mixed	$83k	1h/4h	Ex Bn	calc
Lighter	BybitCEX	0.4%	−2.8%	−4.3%	−4.5%	−7.2%	−10.8%	—	weak	$287k	1h/4h	Li By	calc
MEXCCEX	BinanceCEX	0.3%	−3.2%	−0.5%	−0.1%	−4.1%	−6.2%	—	mixed	$13.3M		Mx Bn	calc
Lighter	GateCEX	0.4%	−5.9%	−7.4%	−7.4%	−11.3%	−17.0%	—	mixed	$287k	1h/4h	Li Gt	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.

Indicative (mark or mid prices): buy on Variational at 0.102731, sell on Gate at 0.10322: 0.474% before fees, 0.324% after taker fees.

POL: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Gate0.10322	Hyperliquid0.10321	Bitget0.1032	Binance0.103166	Bybit0.10315	Aster0.103095	GRVT0.10307	MEXC0.10305	RWA Perp0.10297	Extended0.102945	Lighter0.10285	Variational0.102731
Variational0.102731	0.474%	0.465%	0.455%	0.422%	0.407%	0.353%	0.329%	0.310%	0.232%	0.207%	0.115%	—
Lighter0.10285	0.359%	0.349%	0.340%	0.306%	0.291%	0.238%	0.214%	0.194%	0.117%	0.092%	—	−0.115%
Extended0.102945	0.267%	0.257%	0.248%	0.214%	0.199%	0.146%	0.122%	0.102%	0.025%	—	−0.092%	−0.207%
RWA Perp0.10297	0.242%	0.233%	0.223%	0.190%	0.175%	0.121%	0.097%	0.078%	—	−0.025%	−0.117%	−0.232%
MEXC0.10305	0.165%	0.155%	0.145%	0.112%	0.097%	0.043%	0.020%	—	−0.078%	−0.102%	−0.194%	−0.310%
GRVT0.10307	0.145%	0.135%	0.126%	0.092%	0.077%	0.024%	—	−0.020%	−0.097%	−0.122%	−0.214%	−0.329%
Aster0.103095	0.121%	0.112%	0.102%	0.069%	0.054%	—	−0.024%	−0.043%	−0.121%	−0.146%	−0.238%	−0.353%
Bybit0.10315	0.068%	0.058%	0.048%	0.015%	—	−0.054%	−0.077%	−0.097%	−0.175%	−0.199%	−0.291%	−0.407%
Binance0.103166	0.053%	0.043%	0.033%	—	−0.015%	−0.069%	−0.092%	−0.112%	−0.190%	−0.214%	−0.306%	−0.422%
Bitget0.1032	0.019%	0.010%	—	−0.033%	−0.048%	−0.102%	−0.126%	−0.145%	−0.223%	−0.248%	−0.340%	−0.455%
Hyperliquid0.10321	0.010%	—	−0.010%	−0.043%	−0.058%	−0.112%	−0.135%	−0.155%	−0.233%	−0.257%	−0.349%	−0.465%
Gate0.10322	—	−0.010%	−0.019%	−0.053%	−0.068%	−0.121%	−0.145%	−0.165%	−0.242%	−0.267%	−0.359%	−0.474%

All quotes (12)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	0.103095	0.103095	mark	3m	$84k	no FX
BinanceCEX	0.103166	0.103166	mark	2m	$19.4M	no FX
BitgetCEX	0.1032	0.1032	mark	2m	$970k	no FX
BybitCEX	0.10315	0.10315	mark	2m	$5.2M	no FX
Extended	0.102945	0.102945	mark	3m	$236k
GateCEX	0.10322	0.10322	mark	2m	$337k	no FX
GRVT	0.10307	0.10307	mark	3m	$2.8M	no FX
Hyperliquid	0.10321	0.10321	mark	3m	$494k
Lighter	0.10285	0.10285	mark	3m	$48k
MEXCCEX	0.10305	0.10305	mark	3m	$2.4M	no FX
RWA Perp	0.10297	0.10297	mark	3m	$19k
Variational	0.102731	0.102731	mark	3m	$45k

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

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