SOL funding rates

SOL perpetual funding across 17 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 02:32 UTC · refreshed every 5 min

Best pair · 7d: 23.7%long Lighter, short Hyperliquid · net 21.4%
Highest funding now: 12.9%RISEx
Lowest funding now: 4.1%RWA Perp
Listed on: 17 venues

Funding by venue

													Open
RISEx	SOL/USDC	12.9%	18.1%	0.7%	9.7%	−2.1%	54%	1h	03:00	111.95	$1.6M	$2.5M	RxRISEx
Extended	SOL-USD	11.4%	11.4%	7.5%	7.4%	6.8%	83%	1h	03:00	111.88	$9.0M	$12.2M	ExExtended
Hyperliquid	SOL	10.9%	9.3%	8.8%	8.4%	8.8%	94%	1h	—	112.06	$648.0M	$119.7M	HyHyperliquid
Aster	SOLUSD1	10.9%	7.1%	−1.0%	−4.6%	−2.4%	54%	8h	08:00	112.00	$2.0M	$3.7M	AsAster
GRVT	SOL_USDT_Perp	10.9%	10.7%	8.8%	9.3%	8.5%	90%	8h	08:00	112.04	$45.9M	$34.1M	GrGRVT
Polymarket	SOL-USD	10.9%	10.1%	5.8%	6.1%	5.1%	82%	1h	03:00	111.96	$797k	$660k	PmPolymarket
Ondo	SOL-USD.P	10.9%	10.9%	7.7%	7.3%	7.1%	85%	1h	03:00	111.91	$776k	$305k	OnOndo
BybitCEX	SOLUSDT	10.9%	5.1%	1.1%	2.7%	0.4%	54%	8h	08:00	112.19	$703.1M	$413.9M	ByBybit
BitgetCEX	SOLUSDT	10.9%	10.9%	7.5%	4.9%	6.9%	92%	8h	08:00	112.18	$467.6M	$146.3M	BgBitget
Variational	SOL	10.9%	10.7%	5.4%	6.2%	4.5%	83%	8h	—	111.64	$29.4M	$64.5M	VaVariational
Nado	SOL-PERP_USDT0	10.9%	10.4%	2.4%	4.4%	1.1%	64%	1h	03:00	112.07	$4.4M	$23.8M	NaNado
Lighter	SOL	10.5%	10.5%	−14.9%	1.7%	−19.1%	49%	1h	03:00	112.07	$23.7M	$59.5M	LiLighter
Lighter RH	SOL	10.5%	10.4%	−5.1%	0.5%	−7.7%	46%	1h	03:00	111.98	$2.5M	$9.4M	LrLighter RH
BinanceCEX	SOLUSDT	8.9%	8.2%	2.2%	3.9%	1.3%	76%	8h	08:00	112.15	$943.5M	$1.23B	BnBinance
MEXCCEX	SOL_USDT	8.9%	8.6%	2.2%	3.8%	1.1%	76%	8h	08:00	112.17	$557.1M	$539.7M	MxMEXC
GateCEX	SOL_USDT	7.3%	3.0%	1.6%	2.1%	1.3%	70%	8h	08:00	112.10	$933.4M	$267.3M	GtGate
RWA Perp	PERP_SOL_USDC	4.1%	2.5%	−2.6%	2.4%	−3.4%	30%	8h	08:00	111.93	$1.3M	$4.1M	RwRWA Perp

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
Lighter	Hyperliquid	0.4%	−1.2%	23.7%	6.7%	21.4%	32.1%	1.4d	cooling	$23.7M		Li Hy	calc
Lighter	GRVT	0.4%	0.2%	23.7%	7.7%	21.4%	32.1%	1.4d	steady	$23.7M	1h/8h	Li Gr	calc
Lighter	Ondo	0.4%	0.4%	22.6%	7.4%	21.3%	31.9%	0.8d	steady	$776k		Li On	calc
Lighter	Extended	0.9%	0.9%	22.4%	5.7%	21.1%	31.6%	0.8d	steady	$9.0M		Li Ex	calc
Lighter	Variational	0.4%	0.2%	20.3%	4.6%	20.3%	30.5%	<0.1d	steady	$23.7M	1h/8hspread not incl.	Li Va	calc
Lighter	BitgetCEX	0.4%	0.4%	22.4%	3.2%	19.3%	28.9%	2.0d	steady	$23.7M	1h/8h	Li Bg	calc
Lighter	Polymarket	0.4%	−0.4%	20.7%	4.4%	18.6%	27.9%	1.4d	cooling	$797k	invite only	Li Pm	calc
Lighter	MEXCCEX	−1.6%	−1.9%	17.1%	2.2%	16.0%	24.0%	0.9d	cooling	$23.7M	1h/8h	Li Mx	calc
Lighter	Nado	0.4%	−0.1%	17.3%	2.7%	15.5%	23.2%	1.5d	cooling	$4.4M		Li Na	calc
Lighter	BinanceCEX	−1.6%	−2.3%	17.2%	2.6%	14.5%	21.8%	2.1d	cooling	$23.7M	1h/8h	Li Bn	calc
Lighter	RISEx	2.3%	7.6%	15.7%	8.0%	14.1%	21.1%	1.4d	steady	$1.6M		Li Rx	calc
Lighter	BybitCEX	0.4%	−5.4%	16.0%	1.1%	13.1%	19.6%	2.5d	cooling	$23.7M	1h/8h	Li By	calc
Lighter RH	Hyperliquid	0.4%	−1.1%	14.0%	8.8%	11.6%	17.5%	2.3d	cooling	$2.5M		Lr Hy	calc
Lighter RH	GRVT	0.4%	0.3%	14.0%	9.2%	11.6%	17.4%	2.4d	steady	$2.5M	1h/8h	Lr Gr	calc
Lighter RH	Ondo	0.4%	0.6%	12.8%	8.1%	11.5%	17.3%	1.4d	steady	$776k		Lr On	calc
Lighter RH	Extended	0.9%	1.0%	12.6%	7.5%	11.3%	17.0%	1.4d	steady	$2.5M		Lr Ex	calc
Lighter RH	Variational	0.4%	0.3%	10.6%	6.7%	10.6%	15.9%	<0.1d	steady	$2.5M	1h/8hspread not incl.	Lr Va	calc
Lighter	Lighter RH	0.0%	−0.1%	9.8%	−0.6%	9.8%	14.6%	<0.1d	cooling	$2.5M		Li Lr	calc
Lighter RH	BitgetCEX	0.4%	0.6%	12.7%	5.1%	9.5%	14.3%	3.5d	steady	$2.5M	1h/8h	Lr Bg	calc
Lighter RH	Polymarket	0.4%	−0.3%	10.9%	6.3%	8.9%	13.3%	2.7d	cooling	$797k	invite only	Lr Pm	calc
RWA Perp	Hyperliquid	6.8%	6.8%	11.4%	6.0%	6.5%	9.7%	6.1d	steady	$1.3M	8h/1h	Rw Hy	calc
RWA Perp	GRVT	6.8%	8.2%	11.4%	6.9%	6.5%	9.7%	6.1d	steady	$1.3M		Rw Gr	calc
RWA Perp	Ondo	6.8%	8.5%	10.2%	6.0%	6.3%	9.5%	5.3d	steady	$776k	8h/1h	Rw On	calc
Lighter	GateCEX	−3.2%	−7.6%	16.5%	0.5%	12.6%	18.9%	3.3d	mixed	$23.7M	1h/8h	Li Gt	calc
Lighter RH	MEXCCEX	−1.6%	−1.8%	7.3%	3.7%	6.3%	9.4%	2.0d	cooling	$2.5M	1h/8h	Lr Mx	calc
RWA Perp	Extended	7.3%	8.9%	10.1%	5.0%	6.2%	9.2%	5.4d	steady	$1.3M	8h/1h	Rw Ex	calc
Lighter	Aster	0.4%	−3.4%	13.9%	−5.4%	11.8%	17.7%	2.1d	mixed	$2.0M	1h/8h	Li As	calc
Lighter RH	Nado	0.4%	0.0%	7.5%	5.7%	5.7%	8.6%	3.4d	cooling	$2.5M		Lr Na	calc
Aster	Hyperliquid	0.0%	2.2%	9.9%	13.0%	5.4%	8.1%	6.3d	cooling	$2.0M	8h/1h	As Hy	calc
Aster	GRVT	0.0%	3.6%	9.8%	14.0%	5.4%	8.1%	6.3d	cooling	$2.0M		As Gr	calc
RWA Perp	Variational	6.8%	8.2%	8.0%	3.8%	5.4%	8.1%	4.6d	steady	$1.3M	spread not incl.	Rw Va	calc
Aster	Ondo	0.0%	3.9%	8.7%	11.4%	5.3%	7.9%	5.5d	cooling	$776k	8h/1h	As On	calc
Aster	Extended	0.4%	4.3%	8.5%	11.5%	5.1%	7.7%	5.6d	steady	$2.0M	8h/1h	As Ex	calc
Lighter	RWA Perp	−6.4%	−8.0%	12.3%	0.8%	9.7%	14.6%	3.0d	mixed	$1.3M	1h/8h	Li Rw	calc
Lighter RH	BinanceCEX	−1.6%	−2.2%	7.4%	3.2%	4.8%	7.2%	4.9d	cooling	$2.5M	1h/8h	Lr Bn	calc
RWA Perp	BitgetCEX	6.8%	8.5%	10.1%	2.5%	4.4%	6.5%	8.0d	steady	$1.3M		Rw Bg	calc
Aster	Variational	0.0%	3.6%	6.4%	10.8%	4.4%	6.5%	4.5d	cooling	$2.0M	spread not incl.	As Va	calc
Lighter RH	RISEx	2.3%	7.7%	5.9%	11.5%	4.3%	6.5%	3.7d	steady	$1.6M		Lr Rx	calc
RISEx	Hyperliquid	−1.9%	−8.8%	8.1%	−1.3%	4.2%	6.3%	6.8d	cooling	$1.6M		Rx Hy	calc
RISEx	GRVT	−1.9%	−7.4%	8.1%	−0.3%	4.2%	6.2%	6.8d	cooling	$1.6M	1h/8h	Rx Gr	calc
RISEx	Extended	−1.5%	−6.7%	6.7%	−2.3%	3.9%	5.8%	6.0d	cooling	$1.6M		Rx Ex	calc
RWA Perp	Polymarket	6.8%	7.6%	8.4%	3.6%	3.7%	5.5%	7.8d	steady	$797k	8h/1hinvite only	Rw Pm	calc
Lighter RH	BybitCEX	0.4%	−5.2%	6.2%	2.9%	3.3%	5.0%	6.5d	cooling	$2.5M	1h/8h	Lr By	calc
Aster	BitgetCEX	0.0%	3.9%	8.5%	9.7%	3.3%	5.0%	8.6d	cooling	$2.0M		As Bg	calc
MEXCCEX	Hyperliquid	2.1%	0.7%	6.7%	4.6%	3.3%	4.9%	7.1d	steady	$557.1M	8h/1h	Mx Hy	calc
MEXCCEX	GRVT	2.1%	2.1%	6.6%	5.5%	3.3%	4.9%	7.1d	steady	$45.9M		Mx Gr	calc
MEXCCEX	Ondo	2.1%	2.4%	5.5%	4.0%	3.1%	4.7%	6.0d	steady	$776k	8h/1h	Mx On	calc
MEXCCEX	Extended	2.5%	2.8%	5.3%	3.6%	3.0%	4.5%	6.2d	steady	$9.0M	8h/1h	Mx Ex	calc
Aster	Polymarket	0.0%	3.0%	6.8%	10.9%	2.6%	4.0%	8.6d	cooling	$797k	8h/1hinvite only	As Pm	calc
BybitCEX	Hyperliquid	0.0%	4.2%	7.8%	5.6%	2.6%	3.9%	9.4d	cooling	$648.0M	8h/1h	By Hy	calc
BybitCEX	GRVT	0.0%	5.5%	7.8%	6.6%	2.6%	3.8%	9.4d	cooling	$45.9M		By Gr	calc
BybitCEX	Ondo	0.0%	5.8%	6.6%	4.8%	2.4%	3.7%	8.8d	cooling	$776k	8h/1h	By On	calc
Nado	Hyperliquid	0.0%	−1.1%	6.4%	4.0%	2.3%	3.4%	9.1d	cooling	$4.4M		Na Hy	calc
BybitCEX	Extended	0.4%	6.2%	6.4%	4.7%	2.3%	3.4%	9.1d	steady	$9.0M	8h/1h	By Ex	calc
Nado	GRVT	0.0%	0.3%	6.4%	4.9%	2.3%	3.4%	9.1d	cooling	$4.4M	1h/8h	Na Gr	calc
MEXCCEX	Variational	2.1%	2.1%	3.2%	2.4%	2.2%	3.3%	4.5d	weak	$29.4M	spread not incl.	Mx Va	calc
Nado	Ondo	0.0%	0.6%	5.3%	1.7%	2.1%	3.2%	8.3d	cooling	$776k		Na On	calc
RISEx	BitgetCEX	−1.9%	−7.2%	6.8%	−4.8%	2.1%	3.1%	9.7d	cooling	$1.6M	1h/8h	Rx Bg	calc
Lighter RH	Aster	0.4%	−3.3%	4.1%	−3.2%	2.0%	3.1%	7.1d	cooling	$2.0M	1h/8h	Lr As	calc
RISEx	Ondo	−1.9%	−7.2%	6.9%	−3.4%	4.0%	6.1%	5.8d	mixed	$776k		Rx On	calc
Nado	Extended	0.4%	1.0%	5.1%	3.0%	2.0%	3.0%	8.6d	steady	$4.4M		Na Ex	calc
BinanceCEX	Hyperliquid	2.0%	1.1%	6.6%	4.6%	1.6%	2.5%	11d	steady	$648.0M	8h/1h	Bn Hy	calc
BinanceCEX	GRVT	2.0%	2.5%	6.6%	5.3%	1.6%	2.4%	11d	steady	$45.9M		Bn Gr	calc
RISEx	Variational	−1.9%	−7.4%	4.7%	−3.4%	3.1%	4.7%	4.7d	mixed	$1.6M	1h/8hspread not incl.	Rx Va	calc
BinanceCEX	Ondo	2.0%	2.7%	5.4%	3.7%	1.5%	2.3%	10d	steady	$776k	8h/1h	Bn On	calc
BybitCEX	Variational	0.0%	5.5%	4.4%	3.5%	1.5%	2.3%	9.2d	weak	$29.4M	spread not incl.	By Va	calc
Lighter RH	GateCEX	−3.2%	−7.4%	6.7%	2.4%	2.8%	4.2%	8.1d	mixed	$2.5M	1h/8h	Lr Gt	calc
BinanceCEX	Extended	2.4%	3.2%	5.2%	3.6%	1.3%	2.0%	10d	steady	$9.0M	8h/1h	Bn Ex	calc
MEXCCEX	BitgetCEX	2.1%	2.4%	5.3%	1.1%	1.2%	1.7%	11d	steady	$467.6M		Mx Bg	calc
RWA Perp	MEXCCEX	4.8%	6.1%	4.8%	1.4%	1.1%	1.7%	11d	weak	$1.3M		Rw Mx	calc
Variational	Hyperliquid	0.0%	−1.4%	3.4%	2.2%	1.1%	1.6%	9.6d	weak	$29.4M	8h/1hspread not incl.	Va Hy	calc
Variational	GRVT	0.0%	0.0%	3.4%	3.1%	1.1%	1.6%	9.7d	weak	$29.4M	spread not incl.	Va Gr	calc
GateCEX	Hyperliquid	3.6%	6.3%	7.3%	6.3%	1.0%	1.5%	12d	steady	$648.0M	8h/1h	Gt Hy	calc
GateCEX	GRVT	3.6%	7.7%	7.2%	7.2%	1.0%	1.5%	12d	steady	$45.9M		Gt Gr	calc
Variational	Ondo	0.0%	0.3%	2.2%	0.6%	0.9%	1.4%	8.1d	weak	$776k	8h/1hspread not incl.	Va On	calc
GateCEX	Ondo	3.6%	8.0%	6.1%	5.3%	0.9%	1.3%	12d	steady	$776k	8h/1h	Gt On	calc
Variational	Extended	0.4%	0.7%	2.1%	1.2%	0.8%	1.2%	8.8d	weak	$9.0M	8h/1hspread not incl.	Va Ex	calc
RISEx	Polymarket	−1.9%	−8.0%	5.1%	−3.6%	1.4%	2.1%	10d	mixed	$797k	invite only	Rx Pm	calc
GateCEX	Extended	4.1%	8.4%	5.9%	5.3%	0.7%	1.0%	12d	steady	$9.0M	8h/1h	Gt Ex	calc
Nado	Variational	0.0%	0.3%	3.0%	1.8%	1.2%	1.8%	8.4d	mixed	$4.4M	1h/8hspread not incl.	Na Va	calc
BinanceCEX	Variational	2.0%	2.5%	3.2%	2.5%	0.6%	0.8%	12d	weak	$29.4M	spread not incl.	Bn Va	calc
RWA Perp	Nado	6.8%	7.9%	5.0%	2.0%	0.5%	0.8%	12d	weak	$1.3M	8h/1h	Rw Na	calc
MEXCCEX	Polymarket	2.1%	1.5%	3.6%	2.2%	0.5%	0.7%	12d	weak	$797k	8h/1hinvite only	Mx Pm	calc
BybitCEX	BitgetCEX	0.0%	5.8%	6.5%	2.1%	0.5%	0.7%	13d	cooling	$467.6M		By Bg	calc
Nado	BitgetCEX	0.0%	0.6%	5.1%	0.5%	0.2%	0.3%	14d	mixed	$4.4M	1h/8h	Na Bg	calc
Aster	MEXCCEX	−2.1%	1.5%	3.2%	7.9%	0.1%	0.1%	14d	weak	$2.0M		As Mx	calc
GateCEX	Variational	3.6%	7.7%	3.8%	4.1%	−0.1%	−0.1%	14d	weak	$29.4M	spread not incl.	Gt Va	calc
Lighter RH	RWA Perp	−6.4%	−7.9%	2.6%	1.9%	0.0%	−0.1%	14d	mixed	$1.3M	1h/8h	Lr Rw	calc
BybitCEX	Polymarket	0.0%	4.9%	4.7%	3.3%	−0.2%	−0.3%	15d	weak	$797k	8h/1hinvite only	By Pm	calc
RWA Perp	BinanceCEX	4.8%	5.7%	4.8%	1.7%	−0.4%	−0.6%	15d	weak	$1.3M		Rw Bn	calc
BinanceCEX	BitgetCEX	2.0%	2.7%	5.3%	0.8%	−0.5%	−0.7%	15d	steady	$467.6M		Bn Bg	calc
Aster	Nado	0.0%	3.3%	3.4%	9.4%	−0.5%	−0.8%	16d	weak	$2.0M	8h/1h	As Na	calc
Nado	Polymarket	0.0%	−0.3%	3.4%	1.7%	−0.5%	−0.7%	16d	mixed	$797k	invite only	Na Pm	calc
Variational	BitgetCEX	0.0%	0.3%	2.1%	−1.3%	−1.0%	−1.6%	21d	weak	$29.4M	spread not incl.	Va Bg	calc
GateCEX	BitgetCEX	3.6%	8.0%	5.9%	2.8%	−1.1%	−1.7%	17d	steady	$467.6M		Gt Bg	calc
BinanceCEX	Polymarket	2.0%	1.9%	3.6%	2.2%	−1.1%	−1.7%	18d	weak	$797k	8h/1hinvite only	Bn Pm	calc
Polymarket	Hyperliquid	0.0%	−0.8%	3.0%	2.3%	−1.4%	−2.1%	20d	weak	$797k	invite only	Pm Hy	calc
Polymarket	GRVT	0.0%	0.6%	3.0%	3.3%	−1.4%	−2.1%	21d	weak	$797k	1h/8hinvite only	Pm Gr	calc
Aster	BinanceCEX	−2.0%	1.1%	3.3%	6.5%	−1.4%	−2.1%	20d	weak	$2.0M		As Bn	calc
Polymarket	Ondo	0.0%	0.9%	1.9%	0.6%	−1.5%	−2.3%	25d	weak	$776k	invite only	Pm On	calc
RWA Perp	RISEx	8.7%	15.6%	3.3%	7.2%	−0.8%	−1.3%	18d	spike ×12.2	$1.3M	8h/1h	Rw Rx	calc
Polymarket	Extended	0.4%	1.3%	1.7%	1.3%	−1.7%	−2.5%	28d	weak	$797k	invite only	Pm Ex	calc
Variational	Polymarket	0.0%	−0.6%	0.4%	−0.2%	−1.7%	−2.6%	77d	weak	$797k	8h/1hinvite onlyspread not incl.	Va Pm	calc
GateCEX	Polymarket	3.6%	7.1%	4.2%	3.9%	−1.8%	−2.7%	20d	weak	$797k	8h/1hinvite only	Gt Pm	calc
RWA Perp	BybitCEX	6.8%	2.7%	3.6%	0.3%	−1.8%	−2.8%	21d	weak	$1.3M		Rw By	calc
RWA Perp	GateCEX	3.2%	0.5%	4.2%	−0.3%	−2.4%	−3.5%	22d	weak	$1.3M		Rw Gt	calc
RISEx	MEXCCEX	−4.0%	−9.5%	1.4%	−5.8%	−1.2%	−1.8%	26d	mixed	$1.6M	1h/8h	Rx Mx	calc
Ondo	Hyperliquid	0.0%	−1.6%	1.2%	1.7%	−2.5%	−3.7%	44d	weak	$776k		On Hy	calc
Ondo	GRVT	0.0%	−0.3%	1.2%	2.2%	−2.5%	−3.7%	44d	weak	$776k	1h/8h	On Gr	calc
Ondo	Extended	0.4%	0.4%	−0.2%	0.2%	−2.8%	−4.2%	—	weak	$776k		On Ex	calc
BybitCEX	MEXCCEX	−2.1%	3.4%	1.1%	1.1%	−2.8%	−4.2%	49d	weak	$557.1M		By Mx	calc
Aster	BybitCEX	0.0%	−1.9%	2.1%	6.9%	−2.9%	−4.3%	34d	weak	$2.0M		As By	calc
BybitCEX	Nado	0.0%	5.2%	1.3%	1.6%	−3.4%	−5.0%	49d	weak	$4.4M	8h/1h	By Na	calc
RISEx	Nado	−1.9%	−7.7%	1.6%	−5.3%	−1.8%	−2.6%	29d	mixed	$1.6M		Rx Na	calc
Polymarket	BitgetCEX	0.0%	0.9%	1.7%	−1.2%	−3.5%	−5.3%	43d	weak	$797k	1h/8hinvite only	Pm Bg	calc
MEXCCEX	BinanceCEX	0.1%	−0.4%	0.1%	0.0%	−3.6%	−5.4%	687d	weak	$557.1M		Mx Bn	calc
Aster	RISEx	1.9%	11.0%	1.8%	13.6%	−1.9%	−2.8%	29d	mixed	$1.6M	8h/1h	As Rx	calc
BitgetCEX	Hyperliquid	0.0%	−1.6%	1.3%	3.5%	−4.1%	−6.2%	58d	weak	$467.6M	8h/1h	Bg Hy	calc
BitgetCEX	GRVT	0.0%	−0.3%	1.3%	4.4%	−4.2%	−6.2%	59d	weak	$45.9M		Bg Gr	calc
BitgetCEX	Ondo	0.0%	0.0%	0.2%	2.2%	−4.3%	−6.4%	401d	weak	$776k	8h/1h	Bg On	calc
BybitCEX	BinanceCEX	−2.0%	3.1%	1.2%	1.4%	−4.3%	−6.4%	64d	weak	$703.1M		By Bn	calc
BitgetCEX	Extended	0.4%	0.4%	0.0%	2.5%	−4.5%	−6.7%	—	weak	$9.0M	8h/1h	Bg Ex	calc
Extended	Hyperliquid	−0.4%	−2.1%	1.3%	1.0%	−2.3%	−3.5%	38d	mixed	$9.0M		Ex Hy	calc
Extended	GRVT	−0.4%	−0.7%	1.3%	1.9%	−2.3%	−3.5%	38d	mixed	$9.0M	1h/8h	Ex Gr	calc
GRVT	Hyperliquid	0.0%	−1.4%	0.0%	−0.9%	−4.7%	−7.0%	>999d	weak	$45.9M	8h/1h	Gr Hy	calc
Extended	Ondo	−0.4%	−0.4%	0.2%	−0.2%	−2.4%	−3.7%	211d	mixed	$776k		Ex On	calc
GateCEX	Nado	3.6%	7.4%	0.8%	2.3%	−4.9%	−7.4%	99d	weak	$4.4M	8h/1h	Gt Na	calc
GRVT	Extended	0.4%	0.7%	−1.3%	−1.9%	−5.0%	−7.5%	—	weak	$9.0M	8h/1h	Gr Ex	calc
Hyperliquid	Extended	0.4%	2.1%	−1.3%	−1.0%	−5.0%	−7.5%	—	weak	$9.0M		Hy Ex	calc
MEXCCEX	Nado	2.1%	1.8%	0.2%	0.6%	−2.7%	−4.0%	186d	mixed	$4.4M	8h/1h	Mx Na	calc
RISEx	BinanceCEX	−3.9%	−9.9%	1.5%	−6.1%	−2.7%	−4.0%	39d	mixed	$1.6M	1h/8h	Rx Bn	calc
BybitCEX	GateCEX	−3.6%	−2.2%	0.5%	−0.6%	−6.3%	−9.4%	180d	weak	$703.1M		By Gt	calc
RWA Perp	Aster	6.8%	4.6%	1.6%	−6.3%	−3.1%	−4.7%	42d	mixed	$1.3M		Rw As	calc
Aster	GateCEX	−3.6%	−4.1%	2.6%	6.5%	−3.4%	−5.1%	32d	mixed	$2.0M		As Gt	calc
MEXCCEX	RISEx	4.0%	9.5%	−1.4%	5.8%	−4.0%	−6.0%	—	mixed	$1.6M	8h/1h	Mx Rx	calc
RISEx	BybitCEX	−1.9%	−13.0%	0.3%	−6.9%	−4.1%	−6.2%	206d	mixed	$1.6M	1h/8h	Rx By	calc
BinanceCEX	Nado	2.0%	2.2%	0.1%	0.5%	−4.3%	−6.4%	440d	mixed	$4.4M	8h/1h	Bn Na	calc
GateCEX	MEXCCEX	1.5%	5.6%	0.6%	1.7%	−4.4%	−6.5%	117d	mixed	$557.1M		Gt Mx	calc
Extended	BitgetCEX	−0.4%	−0.4%	0.0%	−2.5%	−4.4%	−6.6%	>999d	mixed	$9.0M	1h/8h	Ex Bg	calc
RISEx	GateCEX	−5.5%	−15.2%	0.8%	−7.5%	−4.6%	−7.0%	92d	mixed	$1.6M	1h/8h	Rx Gt	calc
BybitCEX	RISEx	1.9%	13.0%	−0.3%	6.9%	−4.7%	−7.1%	—	mixed	$1.6M	8h/1h	By Rx	calc
Nado	RISEx	1.9%	7.7%	−1.6%	5.3%	−5.0%	−7.5%	—	mixed	$1.6M		Na Rx	calc
MEXCCEX	BybitCEX	2.1%	−3.4%	−1.1%	−1.1%	−5.0%	−7.5%	—	mixed	$557.1M		Mx By	calc
RWA Perp	Lighter RH	6.4%	7.9%	−2.6%	−1.9%	−5.2%	−7.8%	—	mixed	$1.3M	8h/1h	Rw Lr	calc
BinanceCEX	RISEx	3.9%	9.9%	−1.5%	6.1%	−5.7%	−8.5%	—	mixed	$1.6M	8h/1h	Bn Rx	calc
GateCEX	BinanceCEX	1.6%	5.3%	0.7%	1.6%	−5.8%	−8.8%	136d	mixed	$933.4M		Gt Bn	calc
Variational	RISEx	1.9%	7.4%	−4.7%	3.4%	−6.2%	−9.4%	—	mixed	$1.6M	8h/1hspread not incl.	Va Rx	calc
MEXCCEX	Aster	2.1%	−1.5%	−3.2%	−7.9%	−6.3%	−9.5%	—	mixed	$2.0M		Mx As	calc
BinanceCEX	BybitCEX	2.0%	−3.1%	−1.2%	−1.4%	−6.7%	−10.0%	—	mixed	$703.1M		Bn By	calc
GateCEX	BybitCEX	3.6%	2.2%	−0.5%	0.6%	−7.3%	−11.0%	—	mixed	$703.1M		Gt By	calc
BinanceCEX	Aster	2.0%	−1.1%	−3.3%	−6.5%	−8.0%	−11.9%	—	mixed	$2.0M		Bn As	calc
MEXCCEX	Lighter RH	1.6%	1.8%	−7.3%	−3.7%	−8.4%	−12.5%	—	mixed	$2.5M	8h/1h	Mx Lr	calc
GateCEX	Aster	3.6%	4.1%	−2.6%	−6.5%	−8.6%	−12.9%	—	mixed	$2.0M		Gt As	calc
Polymarket	RISEx	1.9%	8.0%	−5.1%	3.6%	−8.7%	−13.1%	—	mixed	$797k	invite only	Pm Rx	calc
Extended	RISEx	1.5%	6.7%	−6.7%	2.3%	−9.6%	−14.4%	—	mixed	$1.6M		Ex Rx	calc
Ondo	RISEx	1.9%	7.2%	−6.9%	3.4%	−9.8%	−14.7%	—	mixed	$776k		On Rx	calc
BinanceCEX	Lighter RH	1.6%	2.2%	−7.4%	−3.2%	−10.0%	−15.0%	—	mixed	$2.5M	8h/1h	Bn Lr	calc
GateCEX	Lighter RH	3.2%	7.4%	−6.7%	−2.4%	−10.6%	−16.0%	—	mixed	$2.5M	8h/1h	Gt Lr	calc
BitgetCEX	RISEx	1.9%	7.2%	−6.8%	4.8%	−11.5%	−17.2%	—	mixed	$1.6M	8h/1h	Bg Rx	calc
GRVT	RISEx	1.9%	7.4%	−8.1%	0.3%	−12.0%	−18.0%	—	mixed	$1.6M	8h/1h	Gr Rx	calc
Hyperliquid	RISEx	1.9%	8.8%	−8.1%	1.3%	−12.0%	−18.0%	—	mixed	$1.6M		Hy Rx	calc
GateCEX	RISEx	5.5%	15.2%	−0.8%	7.5%	−6.3%	−9.5%	—	spike	$1.6M	8h/1h	Gt Rx	calc
RWA Perp	Lighter	6.4%	8.0%	−12.3%	−0.8%	−14.9%	−22.4%	—	mixed	$1.3M	8h/1h	Rw Li	calc
MEXCCEX	Lighter	1.6%	1.9%	−17.1%	−2.2%	−18.1%	−27.2%	—	mixed	$23.7M	8h/1h	Mx Li	calc
BinanceCEX	Lighter	1.6%	2.3%	−17.2%	−2.6%	−19.8%	−29.6%	—	mixed	$23.7M	8h/1h	Bn Li	calc
GateCEX	Lighter	3.2%	7.6%	−16.5%	−0.5%	−20.4%	−30.6%	—	mixed	$23.7M	8h/1h	Gt Li	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 02:32 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 Variational at 111.638, sell on Bybit at 112.19: 0.493% before fees, 0.383% after taker fees.

SOL: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Bybit112.19	Bitget112.177	MEXC112.17	Binance112.151	Gate112.1	Lighter112.074	Nado112.069	Hyperliquid112.06	GRVT112.04	Aster112	Lighter RH111.981	Polymarket111.96	RISEx111.954	RWA Perp111.928	Ondo111.91	Extended111.884	Variational111.638
Variational111.638	0.493%	0.481%	0.475%	0.458%	0.413%	0.389%	0.385%	0.377%	0.359%	0.323%	0.306%	0.288%	0.283%	0.259%	0.243%	0.220%	—
Extended111.884	0.273%	0.261%	0.255%	0.238%	0.193%	0.170%	0.165%	0.157%	0.139%	0.103%	0.087%	0.068%	0.063%	0.039%	0.023%	—	−0.220%
Ondo111.91	0.250%	0.238%	0.232%	0.215%	0.170%	0.146%	0.142%	0.134%	0.116%	0.080%	0.063%	0.045%	0.040%	0.016%	—	−0.023%	−0.243%
RWA Perp111.928	0.234%	0.222%	0.216%	0.199%	0.154%	0.130%	0.126%	0.118%	0.100%	0.064%	0.047%	0.029%	0.024%	—	−0.016%	−0.039%	−0.259%
RISEx111.954	0.210%	0.199%	0.192%	0.175%	0.130%	0.107%	0.102%	0.094%	0.076%	0.041%	0.024%	0.005%	—	−0.024%	−0.040%	−0.063%	−0.283%
Polymarket111.96	0.205%	0.194%	0.187%	0.170%	0.125%	0.102%	0.097%	0.089%	0.071%	0.036%	0.019%	—	−0.005%	−0.029%	−0.045%	−0.068%	−0.288%
Lighter RH111.981	0.186%	0.175%	0.169%	0.151%	0.106%	0.083%	0.078%	0.071%	0.052%	0.017%	—	−0.019%	−0.024%	−0.047%	−0.063%	−0.087%	−0.306%
Aster112	0.169%	0.158%	0.152%	0.135%	0.089%	0.066%	0.061%	0.054%	0.035%	—	−0.017%	−0.036%	−0.041%	−0.064%	−0.080%	−0.103%	−0.323%
GRVT112.04	0.134%	0.123%	0.116%	0.099%	0.054%	0.031%	0.026%	0.018%	—	−0.035%	−0.052%	−0.071%	−0.076%	−0.100%	−0.116%	−0.139%	−0.359%
Hyperliquid112.06	0.116%	0.104%	0.098%	0.081%	0.036%	0.012%	0.008%	—	−0.018%	−0.054%	−0.071%	−0.089%	−0.094%	−0.118%	−0.134%	−0.157%	−0.377%
Nado112.069	0.108%	0.097%	0.090%	0.073%	0.028%	0.005%	—	−0.008%	−0.026%	−0.061%	−0.078%	−0.097%	−0.102%	−0.126%	−0.142%	−0.165%	−0.385%
Lighter112.074	0.103%	0.092%	0.086%	0.068%	0.023%	—	−0.005%	−0.012%	−0.031%	−0.066%	−0.083%	−0.102%	−0.107%	−0.130%	−0.146%	−0.170%	−0.389%
Gate112.1	0.080%	0.069%	0.062%	0.045%	—	−0.023%	−0.028%	−0.036%	−0.054%	−0.089%	−0.106%	−0.125%	−0.130%	−0.154%	−0.170%	−0.193%	−0.413%
Binance112.151	0.035%	0.023%	0.017%	—	−0.045%	−0.068%	−0.073%	−0.081%	−0.099%	−0.135%	−0.151%	−0.170%	−0.175%	−0.199%	−0.215%	−0.238%	−0.458%
MEXC112.17	0.018%	0.006%	—	−0.017%	−0.062%	−0.086%	−0.090%	−0.098%	−0.116%	−0.152%	−0.169%	−0.187%	−0.192%	−0.216%	−0.232%	−0.255%	−0.475%
Bitget112.177	0.012%	—	−0.006%	−0.023%	−0.069%	−0.092%	−0.097%	−0.104%	−0.123%	−0.158%	−0.175%	−0.194%	−0.199%	−0.222%	−0.238%	−0.261%	−0.481%
Bybit112.19	—	−0.012%	−0.018%	−0.035%	−0.080%	−0.103%	−0.108%	−0.116%	−0.134%	−0.169%	−0.186%	−0.205%	−0.210%	−0.234%	−0.250%	−0.273%	−0.493%

All quotes (17)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	112	112	mark	3m	$3.7M	no FX
BinanceCEX	112.151	112.151	mark	2m	$1.23B	no FX
BitgetCEX	112.177	112.177	mark	2m	$146.3M	no FX
BybitCEX	112.19	112.19	mark	2m	$413.9M	no FX
Extended	111.884	111.884	mark	3m	$12.2M
GateCEX	112.1	112.1	mark	2m	$267.3M	no FX
GRVT	112.04	112.04	mark	3m	$34.1M	no FX
Hyperliquid	112.06	112.06	mark	3m	$119.7M
Lighter	112.074	112.074	mark	3m	$59.5M
MEXCCEX	112.17	112.17	mark	86s	$539.7M	no FX
Nado	112.069	112.069	mark	3m	$23.8M	no FX
Ondo	111.91	111.91	mark	3m	$305k
Polymarket	111.96	111.96	mark	3m	$660k
Lighter RH	111.981	111.981	mark	3m	$9.4M
RISEx	111.954	111.954	mark	3m	$2.5M
RWA Perp	111.928	111.928	mark	3m	$4.1M
Variational	111.638	111.638	mark	3m	$64.5M

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

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