PROVE funding rates

PROVE perpetual funding across 10 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: 12.4%long Bybit, short GRVT · net 7.2%
Highest funding now: 10.9%Hyperliquid
Lowest funding now: −27.9%Aster
Listed on: 10 venues

Funding by venue

													Open
Hyperliquid	PROVE	10.9%	10.9%	9.6%	−2.6%	9.4%	96%	1h	—	0.2055	$244k	$58k	HyHyperliquid
GRVT	PROVE_USDT_Perp	10.9%	10.9%	10.9%	1.1%	10.9%	100%	4h	04:00	0.2055	$192k	$477k	GrGRVT
BybitCEX	PROVEUSDT	10.9%	−22.8%	−1.5%	−21.6%	2.1%	70%	4h	04:00	0.2055	$1.3M	$533k	ByBybit
BitgetCEX	PROVEUSDT	10.9%	3.6%	4.7%	−7.7%	4.8%	80%	4h	04:00	0.2055	$499k	$82k	BgBitget
GateCEX	PROVE_USDT	10.9%	6.0%	7.6%	−6.4%	7.9%	90%	4h	04:00	0.2056	$132k	$41k	GtGate
Variational	PROVE	10.9%	10.9%	10.9%	−0.4%	10.9%	100%	4h	—	0.2056	$9k	$2k	VaVariational
Lighter	PROVE	10.5%	10.5%	10.5%	5.0%	10.5%	100%	1h	04:00	0.2019	$27k	$119	LiLighter
MEXCCEX	PROVE_USDT	10.1%	9.7%	8.6%	−3.5%	8.4%	93%	4h	04:00	0.2053	$191k	$116k	MxMEXC
BinanceCEX	PROVEUSDT	10.0%	9.3%	8.5%	6.2%	8.4%	92%	4h	04:00	0.2052	$2.7M	$1.8M	BnBinance
Aster	PROVEUSDT	−27.9%	−6.6%	4.3%	−8.0%	6.2%	72%	4h	04:00	0.2055	$21k	$3k	AsAster

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
BybitCEX	GRVT	0.0%	33.8%	12.4%	22.7%	7.2%	10.8%	5.9d	spike ×3.8	$192k		By Gr	calc
BybitCEX	MEXCCEX	−0.9%	32.6%	10.0%	18.1%	6.1%	9.2%	5.5d	spike ×5.2	$191k		By Mx	calc
BybitCEX	Hyperliquid	0.0%	33.8%	11.1%	19.0%	5.9%	8.8%	6.6d	spike ×4.6	$244k	4h/1h	By Hy	calc
BybitCEX	Variational	0.0%	33.8%	12.4%	21.2%	9.6%	14.3%	3.2d	spike ×3.8	$9k	low OIspread not incl.	By Va	calc
BybitCEX	BinanceCEX	−1.0%	32.1%	10.0%	15.6%	4.5%	6.8%	7.7d	spike ×5.1	$1.3M		By Bn	calc
BitgetCEX	Variational	0.0%	7.4%	6.3%	7.3%	3.2%	4.7%	7.0d	cooling	$9k	low OIspread not incl.	Bg Va	calc
BybitCEX	GateCEX	0.0%	28.9%	9.1%	15.2%	2.3%	3.4%	10d	spike ×5.0	$132k		By Gt	calc
BybitCEX	Lighter	−0.4%	33.3%	12.0%	26.6%	9.1%	13.7%	3.4d	spike ×4.0	$27k	low OI4h/1h	By Li	calc
Aster	Variational	38.8%	17.5%	6.6%	7.6%	4.5%	6.8%	4.4d	spike ×3.7	$9k	low OIspread not incl.	As Va	calc
BitgetCEX	GRVT	0.0%	7.4%	6.3%	8.8%	0.8%	1.2%	12d	cooling	$192k		Bg Gr	calc
BitgetCEX	Lighter	−0.4%	6.9%	5.9%	12.7%	2.7%	4.1%	7.5d	mixed	$27k	low OI4h/1h	Bg Li	calc
MEXCCEX	Variational	0.9%	1.2%	2.4%	3.1%	1.3%	2.0%	6.1d	weak	$9k	low OIspread not incl.	Mx Va	calc
Aster	GRVT	38.8%	17.5%	6.6%	9.1%	2.2%	3.3%	9.4d	spike ×3.7	$21k	low OI	As Gr	calc
Aster	Lighter	38.4%	17.1%	6.2%	13.0%	4.1%	6.1%	4.7d	spike ×3.9	$21k	low OI4h/1h	As Li	calc
Aster	MEXCCEX	38.0%	16.3%	4.2%	4.5%	1.1%	1.6%	10d	spike ×7.4	$21k	low OI	As Mx	calc
MEXCCEX	Lighter	0.4%	0.8%	1.9%	8.5%	0.9%	1.4%	7.5d	mixed	$27k	low OI4h/1h	Mx Li	calc
Lighter	Variational	0.4%	0.4%	0.4%	−5.4%	0.4%	0.7%	<0.1d	weak	$9k	low OI1h/4hspread not incl.	Li Va	calc
BybitCEX	Aster	−38.8%	16.2%	5.8%	13.6%	0.9%	1.3%	12d	spike ×4.0	$21k	low OI	By As	calc
Aster	Hyperliquid	38.8%	17.5%	5.3%	5.4%	0.9%	1.3%	12d	spike ×5.4	$21k	low OI4h/1h	As Hy	calc
BybitCEX	BitgetCEX	0.0%	26.4%	6.1%	13.9%	0.1%	0.2%	14d	spike ×9.6	$499k		By Bg	calc
BitgetCEX	MEXCCEX	−0.9%	6.1%	3.9%	4.2%	−0.3%	−0.4%	15d	weak	$191k		Bg Mx	calc
BinanceCEX	Variational	1.0%	1.7%	2.4%	4.5%	−0.2%	−0.3%	15d	weak	$9k	low OIspread not incl.	Bn Va	calc
BitgetCEX	Hyperliquid	0.0%	7.4%	5.0%	5.1%	−0.5%	−0.7%	15d	weak	$244k	4h/1h	Bg Hy	calc
MEXCCEX	GRVT	0.9%	1.2%	2.4%	4.6%	−1.0%	−1.5%	20d	weak	$191k		Mx Gr	calc
GateCEX	Variational	0.0%	4.9%	3.4%	6.0%	−0.6%	−0.8%	16d	weak	$9k	low OIspread not incl.	Gt Va	calc
BitgetCEX	BinanceCEX	−1.0%	5.7%	3.9%	6.2%	−1.8%	−2.8%	21d	weak	$499k		Bg Bn	calc
Aster	BinanceCEX	37.9%	15.9%	4.2%	4.8%	−0.5%	−0.7%	16d	spike ×7.1	$21k	low OI	As Bn	calc
Hyperliquid	Variational	0.0%	0.0%	1.3%	2.2%	−1.0%	−1.6%	25d	weak	$9k	low OI1h/4hspread not incl.	Hy Va	calc
MEXCCEX	Hyperliquid	0.9%	1.2%	1.1%	0.9%	−2.3%	−3.5%	44d	weak	$191k	4h/1h	Mx Hy	calc
BinanceCEX	GRVT	1.0%	1.7%	2.4%	4.0%	−2.5%	−3.8%	29d	weak	$192k		Bn Gr	calc
BinanceCEX	Lighter	0.5%	1.2%	2.0%	0.5%	−0.6%	−1.0%	19d	mixed	$27k	low OI4h/1h	Bn Li	calc
GateCEX	GRVT	0.0%	4.9%	3.4%	7.5%	−2.9%	−4.4%	26d	weak	$132k		Gt Gr	calc
Hyperliquid	GRVT	0.0%	0.0%	1.3%	3.7%	−3.4%	−5.1%	50d	weak	$192k	1h/4h	Hy Gr	calc
BinanceCEX	MEXCCEX	0.1%	0.4%	0.0%	0.0%	−3.6%	−5.4%	>999d	weak	$191k		Bn Mx	calc
Lighter	GRVT	0.4%	0.4%	0.4%	−3.9%	−1.9%	−2.9%	75d	weak	$27k	low OI1h/4h	Li Gr	calc
BinanceCEX	Hyperliquid	1.0%	1.7%	1.1%	−2.3%	−3.9%	−5.8%	63d	weak	$244k	4h/1h	Bn Hy	calc
GateCEX	MEXCCEX	−0.9%	3.7%	1.0%	2.9%	−4.0%	−6.0%	72d	weak	$132k		Gt Mx	calc
GateCEX	Lighter	−0.4%	4.5%	2.9%	11.4%	−1.0%	−1.5%	19d	mixed	$27k	low OI4h/1h	Gt Li	calc
BitgetCEX	GateCEX	0.0%	2.4%	2.9%	1.3%	−4.1%	−6.1%	34d	weak	$132k		Bg Gt	calc
GateCEX	Hyperliquid	0.0%	4.9%	2.0%	3.7%	−4.2%	−6.3%	43d	weak	$132k	4h/1h	Gt Hy	calc
Aster	GateCEX	38.8%	12.6%	3.2%	1.6%	−2.7%	−4.1%	26d	weak	$21k	low OI	As Gt	calc
GateCEX	BinanceCEX	−1.0%	3.3%	0.9%	3.8%	−5.6%	−8.4%	96d	weak	$132k		Gt Bn	calc
Hyperliquid	Lighter	−0.4%	−0.4%	0.9%	7.6%	−1.5%	−2.2%	38d	mixed	$27k	low OI	Hy Li	calc
MEXCCEX	GateCEX	0.9%	−3.7%	−1.0%	−2.9%	−5.9%	−8.9%	—	weak	$132k		Mx Gt	calc
Lighter	Hyperliquid	0.4%	0.4%	−0.9%	−7.6%	−3.2%	−4.8%	—	weak	$27k	low OI	Li Hy	calc
BinanceCEX	GateCEX	1.0%	−3.3%	−0.9%	−3.8%	−7.5%	−11.2%	—	weak	$132k		Bn Gt	calc
MEXCCEX	BitgetCEX	0.9%	−6.1%	−3.9%	−4.2%	−8.1%	−12.1%	—	weak	$191k		Mx Bg	calc
BinanceCEX	BitgetCEX	1.0%	−5.7%	−3.9%	−6.2%	−9.6%	−14.4%	—	weak	$499k		Bn Bg	calc
Aster	BitgetCEX	38.8%	10.2%	0.3%	0.3%	−4.9%	−7.4%	235d	weak	$21k	low OI	As Bg	calc
Lighter	GateCEX	0.4%	−4.5%	−2.9%	−11.4%	−6.8%	−10.2%	—	weak	$27k	low OI1h/4h	Li Gt	calc
MEXCCEX	BybitCEX	0.9%	−32.6%	−10.0%	−18.1%	−13.9%	−20.9%	—	weak	$191k		Mx By	calc
BinanceCEX	BybitCEX	1.0%	−32.1%	−10.0%	−15.6%	−15.5%	−23.2%	—	weak	$1.3M		Bn By	calc
Lighter	BitgetCEX	0.4%	−6.9%	−5.9%	−12.7%	−9.0%	−13.5%	—	weak	$27k	low OI1h/4h	Li Bg	calc
Aster	BybitCEX	38.8%	−16.2%	−5.8%	−13.6%	−10.8%	−16.2%	—	weak	$21k	low OI	As By	calc
Lighter	BybitCEX	0.4%	−33.3%	−12.0%	−26.6%	−14.8%	−22.3%	—	mixed	$27k	low OI1h/4h	Li By	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 Lighter at 0.20187, sell on Variational at 0.205623: 1.84% before fees, 1.84% after taker fees.

PROVE: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Variational0.205623	Gate0.2056	Hyperliquid0.20552	Aster0.2055	Bitget0.2055	Bybit0.2055	GRVT0.205469	MEXC0.2053	Binance0.20525	Lighter0.20187
Lighter0.20187	1.84%	1.83%	1.79%	1.78%	1.78%	1.78%	1.77%	1.68%	1.66%	—
Binance0.20525	0.182%	0.171%	0.132%	0.122%	0.122%	0.122%	0.107%	0.025%	—	−1.66%
MEXC0.2053	0.157%	0.146%	0.107%	0.097%	0.097%	0.097%	0.082%	—	−0.025%	−1.68%
GRVT0.205469	0.075%	0.064%	0.025%	0.015%	0.015%	0.015%	—	−0.082%	−0.107%	−1.77%
Aster0.2055	0.060%	0.049%	0.010%	—	0.000%	0.000%	−0.015%	−0.097%	−0.122%	−1.78%
Bitget0.2055	0.060%	0.049%	0.010%	0.000%	—	0.000%	−0.015%	−0.097%	−0.122%	−1.78%
Bybit0.2055	0.060%	0.049%	0.010%	0.000%	0.000%	—	−0.015%	−0.097%	−0.122%	−1.78%
Hyperliquid0.20552	0.050%	0.039%	—	−0.010%	−0.010%	−0.010%	−0.025%	−0.107%	−0.132%	−1.79%
Gate0.2056	0.011%	—	−0.039%	−0.049%	−0.049%	−0.049%	−0.064%	−0.146%	−0.171%	−1.83%
Variational0.205623	—	−0.011%	−0.050%	−0.060%	−0.060%	−0.060%	−0.075%	−0.157%	−0.182%	−1.84%

All quotes (10)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	0.2055	0.2055	mark	5m	$3k	no FX
BinanceCEX	0.20525	0.20525	mark	5m	$1.8M	no FX
BitgetCEX	0.2055	0.2055	mark	5m	$82k	no FX
BybitCEX	0.2055	0.2055	mark	5m	$533k	no FX
GateCEX	0.2056	0.2056	mark	5m	$41k	no FX
GRVT	0.205469	0.205469	mark	5m	$477k	no FX
Hyperliquid	0.20552	0.20552	mark	5m	$58k
Lighter	0.20187	0.20187	mark	5m	$119
MEXCCEX	0.2053	0.2053	mark	5m	$116k	no FX
Variational	0.205623	0.205623	mark	5m	$2k

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

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