RIVER funding rates

RIVER perpetual funding across 9 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
71.6%long Lighter, short Gate · net 67.7%
Highest funding now
10.9%Aster
Lowest funding now
1.8%Lighter
Listed on
9 venues

Funding by venue

7d chartFlagsOpen
AsterRIVERUSDT10.9%10.9%10.9%32.1%10.9%100%4h04:001.13$317k$13kAsAster
GRVTRIVER_USDT_Perp10.9%10.9%10.9%11.0%10.9%100%4h04:001.13$36k$377kGrGRVT
BinanceCEXRIVERUSDT10.9%10.9%11.1%25.8%11.1%100%4h04:001.14$6.3M$6.7MBnBinance
BybitCEXRIVERUSDT10.9%15.1%15.0%27.2%15.0%100%4h04:001.13$3.7M$922kByBybit
BitgetCEXRIVERUSDT10.9%10.9%10.9%27.3%10.9%100%4h04:001.13$2.9M$727kBgBitget
GateCEXRIVER_USDT10.9%39.7%18.1%33.5%14.5%100%4h04:001.13$523k$66kGtGate
MEXCCEXRIVER_USDT10.9%10.9%11.1%34.5%11.1%100%4h04:001.14$2.8M$975kMxMEXC
VariationalRIVER10.9%10.9%12.5%20.5%12.8%100%4h—1.13$17k$2kVaVariational
LighterRIVER1.8%−23.1%−53.5%−0.1%−58.5%36%1h03:001.13$224k$1kLiLighter

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.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
LighterGateCEX9.2%62.8%71.6%33.7%67.7%102%0.8dsteady$224k1h/4hLiGtcalc
LighterBybitCEX9.2%38.2%68.5%27.4%65.7%98.5%0.6dsteady$224k1h/4hLiBycalc
LighterMEXCCEX9.2%34.1%64.6%34.7%63.5%95.3%0.2dsteady$224k1h/4hLiMxcalc
LighterAster9.2%34.1%64.4%32.2%62.3%93.5%0.5dsteady$224k1h/4hLiAscalc
LighterBinanceCEX9.2%34.1%64.9%32.8%62.3%93.5%0.6dsteady$224k1h/4hLiBncalc
LighterBitgetCEX9.2%34.1%64.4%27.4%61.3%91.9%0.7dsteady$224k1h/4hLiBgcalc
LighterVariational9.2%34.1%66.0%20.6%66.0%99.0%<0.1dsteady$17klow OI1h/4hspread not incl.LiVacalc
LighterGRVT9.2%34.1%64.4%11.2%62.1%93.1%0.5dsteady$36klow OI1h/4hLiGrcalc
MEXCCEXGateCEX0.0%28.7%7.1%−1.0%2.1%3.1%9.8dspike ×8.4$523kMxGtcalc
AsterGateCEX0.0%28.7%7.2%1.5%1.2%1.8%12dspike ×8.0$317kAsGtcalc
VariationalGateCEX0.0%28.7%5.6%13.1%1.7%2.5%9.8dspike ×16.7$17klow OIspread not incl.VaGtcalc
BinanceCEXGateCEX0.0%28.7%7.1%2.1%0.6%0.9%13dspike ×8.3$523kBnGtcalc
GRVTGateCEX0.0%28.7%7.2%22.5%0.9%1.4%12dspike ×8.0$36klow OIGrGtcalc
MEXCCEXVariational0.0%0.0%1.5%−14.1%0.4%0.6%9.9dweak$17klow OIspread not incl.MxVacalc
BitgetCEXGateCEX0.0%28.7%7.2%6.2%0.1%0.2%14dspike ×8.0$523kBgGtcalc
MEXCCEXBybitCEX0.0%4.2%4.0%−7.3%0.1%0.1%14dweak$2.8MMxBycalc
VariationalBybitCEX0.0%4.2%2.5%6.7%−0.4%−0.6%16dweak$17klow OIspread not incl.VaBycalc
AsterBybitCEX0.0%4.2%4.1%−4.9%−0.9%−1.3%17dweak$317kAsBycalc
AsterVariational0.0%0.0%1.6%−11.6%−0.5%−0.7%18dweak$17klow OIspread not incl.AsVacalc
BinanceCEXBybitCEX0.0%4.2%4.0%−9.1%−1.5%−2.2%19dweak$3.7MBnBycalc
GRVTVariational0.0%0.0%1.6%9.5%−0.7%−1.1%21dweak$17klow OIspread not incl.GrVacalc
BitgetCEXBybitCEX0.0%4.2%4.1%−0.1%−1.9%−2.8%20dweak$2.9MBgBycalc
GRVTBybitCEX0.0%4.2%4.1%16.2%−1.1%−1.7%18dweak$36klow OIGrBycalc
BinanceCEXVariational0.0%0.0%1.5%−13.4%−1.1%−1.7%25dweak$17klow OIspread not incl.BnVacalc
AsterMEXCCEX0.0%0.0%0.1%2.5%−3.0%−4.5%336dweak$317kAsMxcalc
BitgetCEXVariational0.0%0.0%1.6%−6.8%−1.5%−2.3%27dweak$17klow OIspread not incl.BgVacalc
BinanceCEXMEXCCEX0.0%0.0%0.0%0.0%−3.6%−5.5%>999dweak$2.8MBnMxcalc
BitgetCEXMEXCCEX0.0%0.0%0.1%7.2%−4.0%−6.1%448dweak$2.8MBgMxcalc
AsterBinanceCEX0.0%0.0%0.1%1.8%−4.6%−6.9%550dweak$317kAsBncalc
BitgetCEXBinanceCEX0.0%0.0%0.1%3.7%−5.6%−8.4%673dweak$2.9MBgBncalc
GRVTMEXCCEX0.0%0.0%0.1%23.5%−3.3%−4.9%364dweak$36klow OIGrMxcalc
BybitCEXGateCEX0.0%24.6%3.1%6.3%−3.7%−5.5%31dspike$523kByGtcalc
GRVTBinanceCEX0.0%0.0%0.1%14.8%−4.8%−7.3%581dweak$36klow OIGrBncalc
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 02:32 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 1.1295, sell on Binance at 1.135: 0.486% before fees, 0.386% after taker fees.

RIVER: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Binance1.135MEXC1.135GRVT1.13497Bybit1.134Gate1.134Bitget1.133Aster1.13236Variational1.13032Lighter1.1295
Lighter1.12950.486%0.486%0.483%0.398%0.398%0.309%0.253%0.072%—
Variational1.130320.413%0.413%0.411%0.325%0.325%0.237%0.180%—−0.072%
Aster1.132360.233%0.233%0.230%0.145%0.145%0.057%—−0.180%−0.253%
Bitget1.1330.176%0.176%0.174%0.088%0.088%—−0.057%−0.237%−0.309%
Bybit1.1340.088%0.088%0.086%—0.000%−0.088%−0.145%−0.325%−0.398%
Gate1.1340.088%0.088%0.086%0.000%—−0.088%−0.145%−0.325%−0.398%
GRVT1.134970.002%0.002%—−0.086%−0.086%−0.174%−0.230%−0.411%−0.483%
Binance1.135—0.000%−0.002%−0.088%−0.088%−0.176%−0.233%−0.413%−0.486%
MEXC1.1350.000%—−0.002%−0.088%−0.088%−0.176%−0.233%−0.413%−0.486%
All quotes (9)
VenueBidAskQualityAgeVol 24hFlags
Aster1.132361.13236mark3m$13kno FX
BinanceCEX1.1351.135mark2m$6.7Mno FX
BitgetCEX1.1331.133mark2m$727kno FX
BybitCEX1.1341.134mark2m$922kno FX
GateCEX1.1341.134mark2m$66kno FX
GRVT1.134971.13497mark3m$377kno FX
Lighter1.12951.1295mark3m$1k
MEXCCEX1.1351.135mark86s$975kno FX
Variational1.130321.13032mark3m$2k

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

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