S funding rates
S perpetual funding across 11 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 75.9%long Variational, short Binance · net 73.3%
- Highest funding now
- 10.9%HyHyperliquid
- Lowest funding now
- −46.8%RwRWA Perp
- Listed on
- 11 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HyHyperliquid | S | 10.9% | 3.0% | −3.7% | 0.0% | −4.8% | 65% | 1h | — | 0.06053 | $1.4M | $7.6M | HyHyperliquid | ||
| AsAster | SUSDT | 10.9% | −4.1% | −5.3% | −3.3% | −5.5% | 68% | 4h | 04:00 | 0.06058 | $61k | $805k | AsAster | ||
| ByBybitCEX | SUSDT | 10.9% | −12.3% | 5.7% | 6.7% | 8.7% | 90% | 4h | 04:00 | 0.06043 | $9.5M | $69.5M | ByBybit | ||
| LiLighter | S | 10.5% | 1.8% | 8.7% | −1.1% | 9.9% | 95% | 1h | 03:00 | 0.06028 | $119k | $622k | LiLighter | ||
| BgBitgetCEX | SUSDT | 9.9% | 0.9% | 7.6% | 6.5% | 8.8% | 88% | 4h | 04:00 | 0.06049 | $2.5M | $40.9M | BgBitget | ||
| BnBinanceCEX | SUSDT | 2.9% | −10.4% | 0.3% | 4.5% | 2.4% | 62% | 4h | 04:00 | 0.06045 | $12.0M | $328.7M | BnBinance | ||
| MxMEXCCEX | S_USDT | 2.8% | −8.6% | 2.5% | 5.3% | 4.3% | 66% | 4h | 04:00 | 0.06048 | $5.8M | $29.5M | MxMEXC | ||
| ExExtended | S-USD | 2.6% | −11.2% | 1.4% | 5.3% | 3.6% | 63% | 1h | 03:00 | 0.06045 | $227k | $793k | ExExtended | ||
| GtGateCEX | S_USDT | −19.5% | −23.9% | 4.2% | 9.4% | 8.9% | 90% | 4h | 04:00 | 0.06053 | $806k | $9.6M | GtGate | ||
| VaVariational | S | −21.3% | −55.1% | −65.1% | −59.2% | −66.8% | 13% | 4h | — | 0.05961 | $915k | $1.9M | VaVariational | ||
| RwRWA Perp | PERP_S_USDC | −46.8% | −52.9% | −13.1% | −21.7% | −6.4% | 10% | 4h | 04:00 | 0.06047 | $159k | $1.5M | RwRWA Perp |
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 | |||||||||||
| VaVariational | LiLighter | 31.8% | 56.9% | 73.8% | 58.1% | 73.8% | 111% | <0.1d | steady | $119k | 4h/1hspread not incl. | VaLi | calc | |
| VaVariational | BnBinanceCEX | 24.2% | 44.7% | 75.9% | 70.6% | 73.3% | 110% | 0.5d | steady | $915k | spread not incl. | VaBn | calc | |
| VaVariational | BgBitgetCEX | 31.2% | 55.9% | 72.8% | 65.6% | 69.6% | 104% | 0.6d | steady | $915k | spread not incl. | VaBg | calc | |
| VaVariational | ByBybitCEX | 32.3% | 42.8% | 70.8% | 65.8% | 68.0% | 102% | 0.6d | steady | $915k | spread not incl. | VaBy | calc | |
| VaVariational | MxMEXCCEX | 24.2% | 46.5% | 67.6% | 64.4% | 66.6% | 99.8% | 0.2d | steady | $915k | spread not incl. | VaMx | calc | |
| VaVariational | GtGateCEX | 1.8% | 31.2% | 69.3% | 68.5% | 65.4% | 98.2% | 0.8d | steady | $806k | spread not incl. | VaGt | calc | |
| VaVariational | ExExtended | 23.9% | 43.9% | 66.6% | 64.4% | 65.3% | 97.9% | 0.3d | steady | $227k | 4h/1hspread not incl. | VaEx | calc | |
| VaVariational | HyHyperliquid | 32.3% | 58.1% | 61.4% | 59.1% | 59.1% | 88.6% | 0.5d | steady | $915k | 4h/1hspread not incl. | VaHy | calc | |
| VaVariational | AsAster | 32.3% | 50.9% | 59.8% | 55.9% | 57.8% | 86.6% | 0.5d | steady | $61k | spread not incl. | VaAs | calc | |
| AsAster | BgBitgetCEX | −1.1% | 5.0% | 12.9% | 9.7% | 7.7% | 11.5% | 5.7d | cooling | $61k | AsBg | calc | ||
| AsAster | ByBybitCEX | 0.0% | −8.2% | 11.0% | 9.9% | 6.0% | 9.1% | 6.3d | cooling | $61k | AsBy | calc | ||
| ExExtended | LiLighter | 7.9% | 13.1% | 7.3% | −6.3% | 6.0% | 9.0% | 2.5d | steady | $119k | ExLi | calc | ||
| AsAster | LiLighter | −0.4% | 6.0% | 14.0% | 2.2% | 11.9% | 17.9% | 2.1d | mixed | $61k | 4h/1h | AsLi | calc | |
| HyHyperliquid | BgBitgetCEX | −1.1% | −2.1% | 11.4% | 6.5% | 5.9% | 8.8% | 6.8d | cooling | $1.4M | 1h/4h | HyBg | calc | |
| BnBinanceCEX | LiLighter | 7.6% | 12.2% | 8.1% | −6.1% | 5.5% | 8.3% | 4.5d | steady | $119k | 4h/1h | BnLi | calc | |
| MxMEXCCEX | LiLighter | 7.7% | 10.4% | 6.2% | −6.4% | 5.2% | 7.8% | 2.3d | steady | $119k | 4h/1h | MxLi | calc | |
| HyHyperliquid | LiLighter | −0.4% | −1.1% | 12.4% | −1.0% | 10.1% | 15.1% | 2.6d | mixed | $119k | HyLi | calc | ||
| HyHyperliquid | ByBybitCEX | 0.0% | −15.3% | 9.4% | 6.7% | 4.2% | 6.3% | 7.7d | cooling | $1.4M | 1h/4h | HyBy | calc | |
| AsAster | GtGateCEX | −30.4% | −19.8% | 9.5% | 12.6% | 3.5% | 5.3% | 8.8d | cooling | $61k | AsGt | calc | ||
| HyHyperliquid | MxMEXCCEX | −8.1% | −11.5% | 6.2% | 5.3% | 2.8% | 4.2% | 7.7d | cooling | $1.4M | 1h/4h | HyMx | calc | |
| AsAster | MxMEXCCEX | −8.1% | −4.4% | 7.8% | 8.5% | 4.6% | 6.9% | 5.6d | mixed | $61k | AsMx | calc | ||
| AsAster | BnBinanceCEX | −8.1% | −6.2% | 8.4% | 10.9% | 3.7% | 5.6% | 7.8d | mixed | $61k | AsBn | calc | ||
| HyHyperliquid | GtGateCEX | −30.4% | −26.9% | 7.9% | 9.4% | 1.7% | 2.5% | 11d | cooling | $806k | 1h/4h | HyGt | calc | |
| AsAster | ExExtended | −8.3% | −7.1% | 6.7% | 8.5% | 3.3% | 5.0% | 7.1d | mixed | $61k | 4h/1h | AsEx | calc | |
| BnBinanceCEX | BgBitgetCEX | 7.0% | 11.2% | 6.8% | 2.2% | 1.1% | 1.7% | 12d | steady | $2.5M | BnBg | calc | ||
| MxMEXCCEX | BgBitgetCEX | 7.0% | 9.4% | 5.2% | 1.2% | 1.0% | 1.5% | 11d | weak | $2.5M | MxBg | calc | ||
| ExExtended | BgBitgetCEX | 7.2% | 12.1% | 6.2% | 1.2% | 1.8% | 2.6% | 10d | steady | $227k | 1h/4h | ExBg | calc | |
| HyHyperliquid | BnBinanceCEX | −8.1% | −13.4% | 6.6% | 5.4% | 1.6% | 2.4% | 11d | mixed | $1.4M | 1h/4h | HyBn | calc | |
| HyHyperliquid | ExExtended | −8.3% | −14.2% | 5.2% | 5.3% | 1.5% | 2.3% | 9.9d | mixed | $227k | HyEx | calc | ||
| GtGateCEX | LiLighter | 30.0% | 25.8% | 4.5% | −10.5% | 0.6% | 0.9% | 12d | spike ×27.3 | $119k | 4h/1h | GtLi | calc | |
| ByBybitCEX | LiLighter | −0.4% | 14.2% | 3.0% | −7.7% | 0.1% | 0.2% | 13d | mixed | $119k | 4h/1h | ByLi | calc | |
| ExExtended | ByBybitCEX | 8.3% | −1.1% | 4.3% | 1.4% | 0.1% | 0.2% | 14d | mixed | $227k | 1h/4h | ExBy | calc | |
| MxMEXCCEX | ByBybitCEX | 8.1% | −3.8% | 3.2% | 1.4% | −0.7% | −1.0% | 17d | weak | $5.8M | MxBy | calc | ||
| BnBinanceCEX | ByBybitCEX | 8.1% | −1.9% | 4.5% | 0.5% | −1.0% | −1.4% | 17d | cooling | $9.5M | BnBy | calc | ||
| ExExtended | MxMEXCCEX | 0.2% | 2.7% | 1.0% | 0.0% | −1.3% | −2.0% | 32d | mixed | $227k | 1h/4h | ExMx | calc | |
| BnBinanceCEX | MxMEXCCEX | 0.0% | 1.8% | 1.0% | 0.2% | −2.7% | −4.0% | 52d | weak | $5.8M | BnMx | calc | ||
| AsAster | HyHyperliquid | 0.0% | 7.1% | 1.6% | 3.2% | −2.9% | −4.3% | 40d | weak | $61k | 4h/1h | AsHy | calc | |
| MxMEXCCEX | GtGateCEX | −22.3% | −15.4% | 1.7% | 4.1% | −3.2% | −4.8% | 40d | weak | $806k | MxGt | calc | ||
| BnBinanceCEX | GtGateCEX | −22.4% | −13.5% | 2.8% | 4.2% | −3.7% | −5.6% | 33d | cooling | $806k | BnGt | calc | ||
| ByBybitCEX | BgBitgetCEX | −1.1% | 13.2% | 1.9% | −0.2% | −4.1% | −6.1% | 44d | weak | $2.5M | ByBg | calc | ||
| BgBitgetCEX | LiLighter | 0.7% | 1.0% | 1.1% | −7.6% | −2.0% | −3.1% | 40d | mixed | $119k | 4h/1h | BgLi | calc | |
| ExExtended | GtGateCEX | −22.1% | −12.7% | 2.8% | 4.1% | −2.4% | −3.6% | 26d | mixed | $227k | 1h/4h | ExGt | calc | |
| GtGateCEX | ByBybitCEX | 30.4% | 11.6% | 1.5% | −2.7% | −5.3% | −7.9% | 64d | weak | $806k | GtBy | calc | ||
| LiLighter | ByBybitCEX | 0.4% | −14.2% | −3.0% | 7.7% | −5.9% | −8.8% | — | weak | $119k | 1h/4h | LiBy | calc | |
| ExExtended | BnBinanceCEX | 0.2% | 0.8% | 0.3% | 0.1% | −3.6% | −5.3% | 158d | mixed | $227k | 1h/4h | ExBn | calc | |
| GtGateCEX | BgBitgetCEX | 29.3% | 24.8% | 3.4% | −2.9% | −3.6% | −5.5% | 29d | spike | $806k | GtBg | calc | ||
| BgBitgetCEX | ByBybitCEX | 1.1% | −13.2% | −1.9% | 0.2% | −7.9% | −11.9% | — | weak | $2.5M | BgBy | calc | ||
| MxMEXCCEX | BnBinanceCEX | 0.0% | −1.8% | −1.0% | −0.2% | −4.6% | −6.9% | — | mixed | $5.8M | MxBn | calc | ||
| MxMEXCCEX | HyHyperliquid | 8.1% | 11.5% | −6.2% | −5.3% | −9.6% | −14.4% | — | weak | $1.4M | 4h/1h | MxHy | calc | |
| MxMEXCCEX | AsAster | 8.1% | 4.4% | −7.8% | −8.5% | −10.9% | −16.3% | — | weak | $61k | MxAs | calc | ||
| BnBinanceCEX | HyHyperliquid | 8.1% | 13.4% | −6.6% | −5.4% | −11.5% | −17.3% | — | weak | $1.4M | 4h/1h | BnHy | calc | |
| BnBinanceCEX | AsAster | 8.1% | 6.2% | −8.4% | −10.9% | −13.1% | −19.6% | — | weak | $61k | BnAs | calc | ||
| LiLighter | HyHyperliquid | 0.4% | 1.1% | −12.4% | 1.0% | −14.8% | −22.2% | — | weak | $119k | LiHy | calc | ||
| GtGateCEX | ExExtended | 22.1% | 12.7% | −2.8% | −4.1% | −8.0% | −12.0% | — | mixed | $227k | 4h/1h | GtEx | calc | |
| BgBitgetCEX | HyHyperliquid | 1.1% | 2.1% | −11.4% | −6.5% | −16.8% | −25.2% | — | weak | $1.4M | 4h/1h | BgHy | calc | |
| ExExtended | HyHyperliquid | 8.3% | 14.2% | −5.2% | −5.3% | −8.8% | −13.2% | — | mixed | $227k | ExHy | calc | ||
| GtGateCEX | BnBinanceCEX | 22.4% | 13.5% | −2.8% | −4.2% | −9.3% | −13.9% | — | mixed | $806k | GtBn | calc | ||
| ExExtended | AsAster | 8.3% | 7.1% | −6.7% | −8.5% | −10.1% | −15.2% | — | mixed | $61k | 1h/4h | ExAs | calc | |
| GtGateCEX | MxMEXCCEX | 22.3% | 15.4% | −1.7% | −4.1% | −6.7% | −10.1% | — | spike | $806k | GtMx | calc | ||
| GtGateCEX | HyHyperliquid | 30.4% | 26.9% | −7.9% | −9.4% | −14.2% | −21.3% | — | spike | $806k | 4h/1h | GtHy | calc | |
| LiLighter | AsAster | 0.4% | −6.0% | −14.0% | −2.2% | −16.1% | −24.1% | — | mixed | $61k | 1h/4h | LiAs | calc | |
| BgBitgetCEX | AsAster | 1.1% | −5.0% | −12.9% | −9.7% | −18.1% | −27.2% | — | mixed | $61k | BgAs | calc | ||
| GtGateCEX | AsAster | 30.4% | 19.8% | −9.5% | −12.6% | −15.5% | −23.2% | — | spike | $61k | GtAs | 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 02:27 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 0.0596127, sell on Aster at 0.0605762: 1.60% before fees, 1.52% after taker fees.
| Buy ↓ · Sell → | AsAster0.0605762 | GtGate0.06053 | HyHyperliquid0.060526 | BgBitget0.06049 | MxMEXC0.06048 | RwRWA Perp0.06047 | ExExtended0.0604546 | BnBinance0.0604537 | ByBybit0.06043 | LiLighter0.060275 | VaVariational0.0596127 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VaVariational0.0596127 | 1.60% | 1.53% | 1.52% | 1.46% | 1.44% | 1.43% | 1.40% | 1.40% | 1.36% | 1.10% | — |
| LiLighter0.060275 | 0.499% | 0.422% | 0.416% | 0.356% | 0.340% | 0.323% | 0.297% | 0.296% | 0.257% | — | −1.10% |
| ByBybit0.06043 | 0.242% | 0.165% | 0.159% | 0.099% | 0.083% | 0.066% | 0.041% | 0.039% | — | −0.257% | −1.36% |
| BnBinance0.0604537 | 0.203% | 0.126% | 0.120% | 0.060% | 0.044% | 0.027% | 0.001% | — | −0.039% | −0.296% | −1.40% |
| ExExtended0.0604546 | 0.201% | 0.125% | 0.118% | 0.059% | 0.042% | 0.026% | — | −0.001% | −0.041% | −0.297% | −1.40% |
| RwRWA Perp0.06047 | 0.176% | 0.099% | 0.093% | 0.033% | 0.017% | — | −0.026% | −0.027% | −0.066% | −0.323% | −1.43% |
| MxMEXC0.06048 | 0.159% | 0.083% | 0.076% | 0.017% | — | −0.017% | −0.042% | −0.044% | −0.083% | −0.340% | −1.44% |
| BgBitget0.06049 | 0.142% | 0.066% | 0.059% | — | −0.017% | −0.033% | −0.059% | −0.060% | −0.099% | −0.356% | −1.46% |
| HyHyperliquid0.060526 | 0.083% | 0.007% | — | −0.059% | −0.076% | −0.093% | −0.118% | −0.120% | −0.159% | −0.416% | −1.52% |
| GtGate0.06053 | 0.076% | — | −0.007% | −0.066% | −0.083% | −0.099% | −0.125% | −0.126% | −0.165% | −0.422% | −1.53% |
| AsAster0.0605762 | — | −0.076% | −0.083% | −0.142% | −0.159% | −0.176% | −0.201% | −0.203% | −0.242% | −0.499% | −1.60% |
All quotes (11)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| AsAster | 0.0605762 | 0.0605762 | mark | 7m | $805k | no FX |
| BnBinanceCEX | 0.0604537 | 0.0604537 | mark | 6m | $328.7M | no FX |
| BgBitgetCEX | 0.06049 | 0.06049 | mark | 6m | $40.9M | no FX |
| ByBybitCEX | 0.06043 | 0.06043 | mark | 6m | $69.5M | no FX |
| ExExtended | 0.0604546 | 0.0604546 | mark | 7m | $793k | |
| GtGateCEX | 0.06053 | 0.06053 | mark | 6m | $9.6M | no FX |
| HyHyperliquid | 0.060526 | 0.060526 | mark | 7m | $7.6M | |
| LiLighter | 0.060275 | 0.060275 | mark | 7m | $622k | |
| MxMEXCCEX | 0.06048 | 0.06048 | mark | 5m | $29.5M | no FX |
| RwRWA Perp | 0.06047 | 0.06047 | mark | 7m | $1.5M | |
| VaVariational | 0.0596127 | 0.0596127 | mark | 7m | $1.9M |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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