SKY funding rates

SKY perpetual funding across 11 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 04:01 UTC · refreshed every 5 min

Best pair · 7d: 14.6%long Nado, short Lighter · net 12.7%
Highest funding now: 10.9%Hyperliquid
Lowest funding now: −64.7%Nado
Listed on: 11 venues

Funding by venue

													Open
Hyperliquid	SKY	10.9%	9.8%	10.7%	24.5%	10.9%	92%	1h	—	0.08071	$5.7M	$2.3M	HyHyperliquid
Aster	SKYUSDT	10.9%	10.6%	10.9%	7.7%	10.9%	100%	4h	08:00	0.08057	$107k	$15k	AsAster
BybitCEX	SKYUSDT	10.9%	0.2%	2.7%	7.0%	3.1%	70%	4h	08:00	0.08061	$9.0M	$1.7M	ByBybit
BitgetCEX	SKYUSDT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	4h	08:00	0.08063	$3.2M	$296k	BgBitget
GateCEX	SKY_USDT	10.9%	−13.9%	−0.7%	4.5%	1.5%	63%	4h	08:00	0.08059	$595k	$130k	GtGate
Variational	SKY	10.9%	4.9%	2.9%	3.4%	2.5%	70%	4h	—	0.08037	$675k	$182k	VaVariational
RWA Perp	PERP_SKY_USDC_mythos	10.9%	11.0%	10.9%	10.9%	10.9%	100%	4h	08:00	0.08056	$2k	$0	RwRWA Perp
Lighter	SKY	10.5%	10.5%	11.6%	18.1%	11.8%	100%	1h	05:00	0.08041	$405k	$77k	LiLighter
BinanceCEX	SKYUSDT	5.9%	7.6%	10.4%	10.8%	10.9%	99%	4h	08:00	0.08061	$20.7M	$9.3M	BnBinance
MEXCCEX	SKY_USDT	5.7%	8.1%	10.5%	10.8%	10.9%	99%	4h	08:00	0.08055	$1.5M	$348k	MxMEXC
Nado	SKY-PERP_USDT0	−64.7%	−22.3%	−2.9%	2.7%	0.3%	55%	1h	05:00	0.08047	$131k	$158k	NaNado

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
Nado	Lighter	75.2%	32.8%	14.6%	15.4%	12.7%	19.1%	1.8d	steady	$131k		Na Li	calc
Nado	MEXCCEX	70.3%	30.4%	13.4%	8.2%	10.5%	15.8%	3.0d	steady	$131k	1h/4h	Na Mx	calc
Nado	BinanceCEX	70.6%	29.9%	13.4%	6.0%	8.9%	13.4%	4.6d	steady	$131k	1h/4h	Na Bn	calc
Variational	MEXCCEX	−5.3%	3.2%	7.6%	7.4%	6.6%	9.9%	1.9d	cooling	$675k	spread not incl.	Va Mx	calc
GateCEX	MEXCCEX	−5.3%	22.0%	11.2%	6.4%	6.2%	9.3%	6.2d	cooling	$595k		Gt Mx	calc
Variational	Aster	0.0%	5.7%	8.0%	4.3%	6.0%	8.9%	3.6d	cooling	$107k	spread not incl.	Va As	calc
GateCEX	Aster	0.0%	24.5%	11.6%	3.3%	5.6%	8.4%	7.2d	cooling	$107k		Gt As	calc
Variational	Hyperliquid	0.0%	4.9%	7.9%	21.1%	5.5%	8.3%	4.2d	cooling	$675k	4h/1hspread not incl.	Va Hy	calc
GateCEX	Hyperliquid	0.0%	23.7%	11.4%	20.1%	5.2%	7.8%	7.7d	cooling	$595k	4h/1h	Gt Hy	calc
Variational	BitgetCEX	0.0%	6.1%	8.1%	7.5%	5.0%	7.5%	5.4d	cooling	$675k	spread not incl.	Va Bg	calc
Variational	BinanceCEX	−5.0%	2.7%	7.6%	7.0%	5.0%	7.4%	4.8d	cooling	$675k	spread not incl.	Va Bn	calc
Nado	Aster	75.6%	32.8%	13.8%	5.1%	9.9%	14.9%	4.0d	spike ×3.1	$107k	1h/4h	Na As	calc
Nado	Hyperliquid	75.6%	32.0%	13.7%	21.9%	9.5%	14.3%	4.3d	spike ×3.0	$131k		Na Hy	calc
GateCEX	BitgetCEX	0.0%	24.9%	11.6%	6.5%	4.6%	6.9%	8.5d	cooling	$595k		Gt Bg	calc
GateCEX	BinanceCEX	−5.0%	21.5%	11.1%	7.3%	4.6%	6.9%	8.2d	cooling	$595k		Gt Bn	calc
Nado	BitgetCEX	75.6%	33.2%	13.9%	8.3%	8.9%	13.4%	5.0d	spike ×3.1	$131k	1h/4h	Na Bg	calc
Variational	Lighter	−0.4%	5.6%	8.8%	14.7%	8.8%	13.1%	<0.1d	mixed	$405k	4h/1hspread not incl.	Va Li	calc
GateCEX	Lighter	−0.4%	24.4%	12.3%	13.6%	8.4%	12.6%	4.4d	mixed	$405k	4h/1h	Gt Li	calc
BybitCEX	MEXCCEX	−5.3%	7.9%	7.7%	3.9%	3.8%	5.7%	7.1d	cooling	$1.5M		By Mx	calc
BybitCEX	Aster	0.0%	10.3%	8.2%	0.8%	3.2%	4.8%	8.5d	cooling	$107k		By As	calc
BybitCEX	Lighter	−0.4%	10.3%	8.9%	11.1%	6.0%	9.0%	4.5d	mixed	$405k	4h/1h	By Li	calc
BybitCEX	Hyperliquid	0.0%	9.5%	8.0%	17.6%	2.8%	4.2%	9.1d	cooling	$5.7M	4h/1h	By Hy	calc
BybitCEX	BitgetCEX	0.0%	10.7%	8.2%	4.0%	2.2%	3.3%	10d	cooling	$3.2M		By Bg	calc
BybitCEX	BinanceCEX	−5.0%	7.3%	7.7%	4.0%	2.2%	3.3%	10.0d	cooling	$9.0M		By Bn	calc
Nado	Variational	75.6%	27.2%	5.8%	0.8%	4.0%	5.9%	4.4d	spike ×12.2	$131k	1h/4hspread not incl.	Na Va	calc
Nado	BybitCEX	75.6%	22.5%	5.7%	4.3%	1.0%	1.5%	12d	spike ×7.9	$131k	1h/4h	Na By	calc
MEXCCEX	Lighter	4.8%	2.4%	1.1%	7.3%	0.1%	0.2%	13d	mixed	$405k	4h/1h	Mx Li	calc
GateCEX	Variational	0.0%	18.8%	3.5%	−1.0%	−0.4%	−0.5%	15d	spike ×18.7	$595k	spread not incl.	Gt Va	calc
MEXCCEX	Aster	5.3%	2.4%	0.4%	−3.1%	−2.7%	−4.1%	102d	weak	$107k		Mx As	calc
Aster	Lighter	−0.4%	0.0%	0.7%	10.4%	−1.4%	−2.1%	41d	mixed	$107k	4h/1h	As Li	calc
BybitCEX	Variational	0.0%	4.6%	0.1%	−3.6%	−2.7%	−4.1%	322d	weak	$675k	spread not incl.	By Va	calc
Lighter	Aster	0.4%	0.0%	−0.7%	−10.4%	−2.8%	−4.2%	—	weak	$107k	1h/4h	Li As	calc
BinanceCEX	Lighter	4.6%	2.9%	1.2%	8.4%	−1.4%	−2.1%	31d	mixed	$405k	4h/1h	Bn Li	calc
Hyperliquid	Lighter	−0.4%	0.8%	0.9%	−6.4%	−1.5%	−2.2%	38d	mixed	$405k		Hy Li	calc
MEXCCEX	Hyperliquid	5.3%	1.6%	0.3%	13.7%	−3.1%	−4.7%	171d	weak	$1.5M	4h/1h	Mx Hy	calc
Lighter	Hyperliquid	0.4%	−0.8%	−0.9%	6.4%	−3.2%	−4.8%	—	weak	$405k		Li Hy	calc
GateCEX	BybitCEX	0.0%	14.2%	3.4%	2.5%	−3.4%	−5.0%	28d	weak	$595k		Gt By	calc
BinanceCEX	MEXCCEX	−0.3%	0.5%	0.0%	0.0%	−3.6%	−5.4%	>999d	weak	$1.5M		Bn Mx	calc
MEXCCEX	BitgetCEX	5.3%	2.8%	0.5%	0.1%	−3.7%	−5.5%	121d	weak	$1.5M		Mx Bg	calc
MEXCCEX	BinanceCEX	0.3%	−0.5%	0.0%	0.0%	−3.7%	−5.5%	—	weak	$1.5M		Mx Bn	calc
Lighter	BitgetCEX	0.4%	0.4%	−0.7%	−7.1%	−3.8%	−5.7%	—	weak	$405k	1h/4h	Li Bg	calc
BinanceCEX	Aster	5.0%	3.0%	0.5%	−0.5%	−4.2%	−6.3%	140d	weak	$107k		Bn As	calc
Hyperliquid	Aster	0.0%	0.8%	0.2%	−16.8%	−4.3%	−6.4%	413d	weak	$107k	1h/4h	Hy As	calc
BinanceCEX	Hyperliquid	5.0%	2.2%	0.3%	15.8%	−4.6%	−7.0%	218d	weak	$5.7M	4h/1h	Bn Hy	calc
BitgetCEX	Lighter	−0.4%	−0.4%	0.7%	7.1%	−2.5%	−3.7%	66d	mixed	$405k	4h/1h	Bg Li	calc
Aster	BitgetCEX	0.0%	0.4%	0.1%	3.2%	−5.2%	−7.7%	>999d	weak	$107k		As Bg	calc
BinanceCEX	BitgetCEX	5.0%	3.4%	0.5%	0.1%	−5.2%	−7.8%	153d	weak	$3.2M		Bn Bg	calc
Hyperliquid	BitgetCEX	0.0%	1.2%	0.2%	−13.6%	−5.3%	−7.9%	371d	weak	$3.2M	1h/4h	Hy Bg	calc
Nado	GateCEX	75.6%	8.4%	2.2%	1.8%	−3.5%	−5.2%	36d	mixed	$131k	1h/4h	Na Gt	calc
MEXCCEX	Variational	5.3%	−3.2%	−7.6%	−7.4%	−8.7%	−13.0%	—	mixed	$675k	spread not incl.	Mx Va	calc
Lighter	Variational	0.4%	−5.6%	−8.8%	−14.7%	−8.8%	−13.1%	—	mixed	$405k	1h/4hspread not incl.	Li Va	calc
BinanceCEX	Variational	5.0%	−2.7%	−7.6%	−7.0%	−10.2%	−15.3%	—	mixed	$675k	spread not incl.	Bn Va	calc
MEXCCEX	BybitCEX	5.3%	−7.9%	−7.7%	−3.9%	−11.6%	−17.5%	—	mixed	$1.5M		Mx By	calc
Lighter	BybitCEX	0.4%	−10.3%	−8.9%	−11.1%	−11.8%	−17.6%	—	mixed	$405k	1h/4h	Li By	calc
BinanceCEX	BybitCEX	5.0%	−7.3%	−7.7%	−4.0%	−13.2%	−19.8%	—	mixed	$9.0M		Bn By	calc
MEXCCEX	GateCEX	5.3%	−22.0%	−11.2%	−6.4%	−16.1%	−24.2%	—	mixed	$595k		Mx Gt	calc
Lighter	GateCEX	0.4%	−24.4%	−12.3%	−13.6%	−16.2%	−24.3%	—	mixed	$405k	1h/4h	Li Gt	calc
BinanceCEX	GateCEX	5.0%	−21.5%	−11.1%	−7.3%	−17.6%	−26.5%	—	mixed	$595k		Bn 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 04:01 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 0.0803662, sell on Hyperliquid at 0.080712: 0.429% before fees, 0.339% after taker fees.

SKY: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Hyperliquid0.080712	Bitget0.08063	Binance0.08061	Bybit0.08061	Gate0.08059	Aster0.0805708	RWA Perp0.080562	MEXC0.08055	Nado0.0804743	Lighter0.080414	Variational0.0803662
Variational0.0803662	0.429%	0.328%	0.303%	0.303%	0.278%	0.254%	0.243%	0.228%	0.134%	0.059%	—
Lighter0.080414	0.370%	0.268%	0.243%	0.243%	0.219%	0.195%	0.184%	0.169%	0.075%	—	−0.059%
Nado0.0804743	0.295%	0.193%	0.169%	0.169%	0.144%	0.120%	0.109%	0.094%	—	−0.075%	−0.134%
MEXC0.08055	0.201%	0.099%	0.074%	0.074%	0.050%	0.026%	0.015%	—	−0.094%	−0.169%	−0.228%
RWA Perp0.080562	0.186%	0.084%	0.060%	0.060%	0.035%	0.011%	—	−0.015%	−0.109%	−0.184%	−0.243%
Aster0.0805708	0.175%	0.073%	0.049%	0.049%	0.024%	—	−0.011%	−0.026%	−0.120%	−0.195%	−0.254%
Gate0.08059	0.151%	0.050%	0.025%	0.025%	—	−0.024%	−0.035%	−0.050%	−0.144%	−0.219%	−0.278%
Binance0.08061	0.126%	0.025%	—	0.000%	−0.025%	−0.049%	−0.060%	−0.074%	−0.169%	−0.243%	−0.303%
Bybit0.08061	0.126%	0.025%	0.000%	—	−0.025%	−0.049%	−0.060%	−0.074%	−0.169%	−0.243%	−0.303%
Bitget0.08063	0.102%	—	−0.025%	−0.025%	−0.050%	−0.073%	−0.084%	−0.099%	−0.193%	−0.268%	−0.328%
Hyperliquid0.080712	—	−0.102%	−0.126%	−0.126%	−0.151%	−0.175%	−0.186%	−0.201%	−0.295%	−0.370%	−0.429%

All quotes (11)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	0.0805708	0.0805708	mark	6m	$15k	no FX
BinanceCEX	0.08061	0.08061	mark	5m	$9.3M	no FX
BitgetCEX	0.08063	0.08063	mark	5m	$296k	no FX
BybitCEX	0.08061	0.08061	mark	5m	$1.7M	no FX
GateCEX	0.08059	0.08059	mark	5m	$130k	no FX
Hyperliquid	0.080712	0.080712	mark	6m	$2.3M
Lighter	0.080414	0.080414	mark	6m	$77k
MEXCCEX	0.08055	0.08055	mark	6m	$348k	no FX
Nado	0.0804743	0.0804743	mark	6m	$158k	no FX
RWA Perp	0.080562	0.080562	mark	6m	$0
Variational	0.0803662	0.0803662	mark	6m	$182k

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

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