RAVE funding rates

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

Data as of 2026-10-12 03:16 UTC · refreshed every 5 min

Best pair · 7d: 7.7%long Aster, short Variational · net 5.6%
Highest funding now: 10.9%Aster
Lowest funding now: 10.9%Aster
Listed on: 7 venues

Funding by venue

													Open
Aster	RAVEUSDT	10.9%	18.4%	21.2%	46.1%	21.6%	100%	4h	04:00	0.1784	$16k	$4k	AsAster
BinanceCEX	RAVEUSDT	10.9%	28.1%	25.9%	39.9%	25.5%	100%	4h	04:00	0.1784	$4.1M	$1.7M	BnBinance
BybitCEX	RAVEUSDT	10.9%	65.0%	28.0%	61.3%	21.8%	95%	4h	04:00	0.1783	$2.1M	$524k	ByBybit
BitgetCEX	RAVEUSDT	10.9%	10.9%	23.2%	18.8%	25.3%	100%	4h	04:00	0.1786	$2.9M	$153k	BgBitget
GateCEX	RAVE_USDT	10.9%	11.7%	23.3%	61.2%	25.2%	100%	4h	04:00	0.1785	$909k	$133k	GtGate
MEXCCEX	RAVE_USDT	10.9%	26.7%	26.0%	39.6%	25.9%	100%	4h	04:00	0.1784	$1.5M	$145k	MxMEXC
Variational	RAVE	10.9%	48.7%	28.8%	60.5%	25.5%	100%	4h	—	0.178	$18k	$3k	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
Aster	Variational	0.0%	30.3%	7.7%	14.4%	5.6%	8.4%	3.8d	spike ×7.8	$16k	low OIspread not incl.	As Va	calc
Aster	MEXCCEX	0.0%	8.3%	4.8%	−6.6%	1.7%	2.5%	9.1d	weak	$16k	low OI	As Mx	calc
BitgetCEX	Variational	0.0%	37.8%	5.6%	41.8%	2.4%	3.7%	7.9d	spike ×178.0	$18k	low OIspread not incl.	Bg Va	calc
Aster	BybitCEX	0.0%	46.6%	6.8%	15.2%	1.8%	2.8%	10d	spike ×300.1	$16k	low OI	As By	calc
GateCEX	Variational	0.0%	37.0%	5.5%	−0.7%	1.6%	2.4%	9.9d	spike ×132.6	$18k	low OIspread not incl.	Gt Va	calc
MEXCCEX	Variational	0.0%	22.0%	2.8%	21.0%	1.8%	2.7%	5.2d	spike	$18k	low OIspread not incl.	Mx Va	calc
BinanceCEX	Variational	0.0%	20.6%	2.9%	23.8%	0.3%	0.5%	12d	spike	$18k	low OIspread not incl.	Bn Va	calc
Aster	BinanceCEX	0.0%	9.7%	4.7%	−5.5%	0.0%	0.0%	14d	weak	$16k	low OI	As Bn	calc
GateCEX	MEXCCEX	0.0%	14.9%	2.7%	−21.6%	−2.3%	−3.4%	26d	weak	$909k		Gt Mx	calc
BitgetCEX	BybitCEX	0.0%	54.0%	4.7%	42.6%	−1.3%	−1.9%	18d	spike	$2.1M		Bg By	calc
BitgetCEX	MEXCCEX	0.0%	15.7%	2.7%	20.8%	−1.4%	−2.1%	21d	spike ×27.2	$1.5M		Bg Mx	calc
BinanceCEX	MEXCCEX	0.0%	−1.4%	0.1%	0.0%	−3.5%	−5.3%	508d	weak	$1.5M		Bn Mx	calc
BybitCEX	Variational	0.0%	−16.3%	0.9%	−0.8%	−2.0%	−3.0%	46d	weak	$18k	low OIspread not incl.	By Va	calc
GateCEX	BybitCEX	0.0%	53.3%	4.7%	0.1%	−2.1%	−3.2%	20d	spike	$909k		Gt By	calc
BitgetCEX	BinanceCEX	0.0%	17.1%	2.6%	19.6%	−3.1%	−4.6%	30d	spike ×75.9	$2.9M		Bg Bn	calc
Aster	BitgetCEX	0.0%	−7.4%	2.1%	−27.4%	−3.1%	−4.7%	35d	weak	$16k	low OI	As Bg	calc
BitgetCEX	GateCEX	0.0%	0.8%	0.1%	42.4%	−7.0%	−10.5%	>999d	weak	$909k		Bg Gt	calc
Aster	GateCEX	0.0%	−6.7%	2.1%	15.1%	−3.9%	−5.8%	39d	weak	$16k	low OI	As Gt	calc
MEXCCEX	BybitCEX	0.0%	38.3%	2.0%	21.8%	−1.9%	−2.9%	28d	spike	$1.5M		Mx By	calc
GateCEX	BinanceCEX	0.0%	16.4%	2.6%	−18.6%	−3.9%	−5.9%	35d	spike ×55.9	$909k		Gt Bn	calc
BinanceCEX	BybitCEX	0.0%	36.9%	2.1%	22.5%	−3.4%	−5.1%	37d	spike	$2.1M		Bn 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 03:16 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.

Indicative (mark or mid prices): buy on Variational at 0.17796, sell on Bitget at 0.17864: 0.381% before fees, 0.261% after taker fees.

RAVE: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Bitget0.17864	Gate0.1785	Binance0.1784	MEXC0.1784	Aster0.178379	Bybit0.1783	Variational0.17796
Variational0.17796	0.381%	0.303%	0.247%	0.247%	0.235%	0.191%	—
Bybit0.1783	0.191%	0.112%	0.056%	0.056%	0.044%	—	−0.191%
Aster0.178379	0.146%	0.068%	0.012%	0.012%	—	−0.044%	−0.235%
Binance0.1784	0.134%	0.056%	—	0.000%	−0.012%	−0.056%	−0.247%
MEXC0.1784	0.134%	0.056%	0.000%	—	−0.012%	−0.056%	−0.247%
Gate0.1785	0.078%	—	−0.056%	−0.056%	−0.068%	−0.112%	−0.303%
Bitget0.17864	—	−0.078%	−0.134%	−0.134%	−0.146%	−0.191%	−0.381%

All quotes (7)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	0.178379	0.178379	mark	8m	$4k	no FX
BinanceCEX	0.1784	0.1784	mark	8m	$1.7M	no FX
BitgetCEX	0.17864	0.17864	mark	8m	$153k	no FX
BybitCEX	0.1783	0.1783	mark	8m	$524k	no FX
GateCEX	0.1785	0.1785	mark	8m	$133k	no FX
MEXCCEX	0.1784	0.1784	mark	8m	$145k	no FX
Variational	0.17796	0.17796	mark	8m	$3k

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

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