SPX funding rates
SPX perpetual funding across 11 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 15.1%long Variational, short Hyperliquid · net 12.7%
- Highest funding now
- 11.4%ExExtended
- Lowest funding now
- 10.5%LiLighter
- Listed on
- 11 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ExExtended | SPX-USD | 11.4% | 11.4% | 11.4% | 11.4% | 11.4% | 100% | 1h | 05:00 | 0.3869 | $42k | $173k | ExExtended | ||
| HyHyperliquid | SPX | 10.9% | 12.4% | 17.8% | 21.9% | 18.7% | 100% | 1h | — | 0.3877 | $7.2M | $917k | HyHyperliquid | ||
| AsAster | SPXUSDT | 10.9% | 10.9% | 11.8% | 11.4% | 11.9% | 100% | 4h | 08:00 | 0.3879 | $129k | $33k | AsAster | ||
| RwRWA Perp | PERP_SPX_USDC | 10.9% | 11.0% | 11.7% | 11.7% | 11.8% | 100% | 4h | 08:00 | 0.3874 | $15k | $482 | RwRWA Perp | ||
| BnBinanceCEX | SPXUSDT | 10.9% | 10.9% | 10.9% | 10.9% | 10.9% | 100% | 4h | 08:00 | 0.3879 | $4.7M | $5.3M | BnBinance | ||
| ByBybitCEX | SPXUSDT | 10.9% | 10.8% | 10.4% | 9.3% | 10.3% | 98% | 4h | 08:00 | 0.3876 | $11.9M | $3.8M | ByBybit | ||
| BgBitgetCEX | SPXUSDT | 10.9% | 10.9% | 10.9% | 10.9% | 10.9% | 100% | 4h | 08:00 | 0.3879 | $2.3M | $374k | BgBitget | ||
| GtGateCEX | SPX_USDT | 10.9% | 10.1% | 10.0% | 7.8% | 10.0% | 97% | 4h | 08:00 | 0.3877 | $1.1M | $243k | GtGate | ||
| MxMEXCCEX | SPX_USDT | 10.9% | 10.9% | 10.9% | 10.9% | 10.9% | 100% | 4h | 08:00 | 0.3874 | $7.5M | $1.3M | MxMEXC | ||
| VaVariational | SPX | 10.9% | 10.4% | 2.7% | 0.1% | 1.4% | 76% | 4h | — | 0.3853 | $784k | $28k | VaVariational | ||
| LiLighter | SPX | 10.5% | 10.5% | 14.3% | 14.9% | 14.9% | 100% | 1h | 05:00 | 0.3867 | $173k | $109k | LiLighter |
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 | HyHyperliquid | 0.0% | 2.0% | 15.1% | 21.8% | 12.7% | 19.1% | 2.2d | cooling | $784k | 4h/1hspread not incl. | VaHy | calc | |
| VaVariational | MxMEXCCEX | 0.0% | 0.6% | 8.3% | 10.8% | 7.2% | 10.8% | 1.8d | cooling | $784k | spread not incl. | VaMx | calc | |
| VaVariational | AsAster | 0.0% | 0.6% | 9.1% | 11.3% | 7.0% | 10.5% | 3.2d | cooling | $129k | spread not incl. | VaAs | calc | |
| VaVariational | LiLighter | −0.4% | 0.1% | 11.6% | 14.8% | 11.6% | 17.3% | <0.1d | mixed | $173k | 4h/1hspread not incl. | VaLi | calc | |
| VaVariational | BnBinanceCEX | 0.0% | 0.6% | 8.3% | 10.9% | 5.7% | 8.5% | 4.4d | cooling | $784k | spread not incl. | VaBn | calc | |
| VaVariational | BgBitgetCEX | 0.0% | 0.6% | 8.3% | 10.8% | 5.1% | 7.7% | 5.3d | cooling | $784k | spread not incl. | VaBg | calc | |
| VaVariational | ByBybitCEX | 0.0% | 0.4% | 7.7% | 9.1% | 4.8% | 7.3% | 5.2d | cooling | $784k | spread not incl. | VaBy | calc | |
| VaVariational | ExExtended | 0.4% | 1.0% | 8.7% | 11.2% | 7.4% | 11.1% | 2.1d | steady | $42k | low OI4h/1hspread not incl. | VaEx | calc | |
| VaVariational | GtGateCEX | 0.0% | −0.3% | 7.3% | 7.7% | 3.4% | 5.1% | 7.5d | cooling | $784k | spread not incl. | VaGt | calc | |
| MxMEXCCEX | HyHyperliquid | 0.0% | 1.5% | 6.8% | 11.0% | 3.4% | 5.1% | 7.0d | cooling | $7.2M | 4h/1h | MxHy | calc | |
| ByBybitCEX | HyHyperliquid | 0.0% | 1.6% | 7.4% | 12.7% | 2.1% | 3.2% | 9.9d | cooling | $7.2M | 4h/1h | ByHy | calc | |
| BnBinanceCEX | HyHyperliquid | 0.0% | 1.5% | 6.8% | 10.9% | 1.9% | 2.8% | 10d | cooling | $4.7M | 4h/1h | BnHy | calc | |
| AsAster | HyHyperliquid | 0.0% | 1.5% | 6.0% | 10.5% | 1.5% | 2.3% | 10d | cooling | $129k | 4h/1h | AsHy | calc | |
| GtGateCEX | HyHyperliquid | 0.0% | 2.3% | 7.7% | 14.1% | 1.5% | 2.2% | 11d | cooling | $1.1M | 4h/1h | GtHy | calc | |
| BgBitgetCEX | HyHyperliquid | 0.0% | 1.5% | 6.8% | 11.0% | 1.3% | 2.0% | 11d | cooling | $2.3M | 4h/1h | BgHy | calc | |
| LiLighter | HyHyperliquid | 0.4% | 1.9% | 3.5% | 7.0% | 1.2% | 1.7% | 9.4d | weak | $173k | LiHy | calc | ||
| MxMEXCCEX | LiLighter | −0.4% | −0.4% | 3.3% | 4.0% | 2.3% | 3.4% | 4.4d | mixed | $173k | 4h/1h | MxLi | calc | |
| ExExtended | HyHyperliquid | −0.4% | 1.0% | 6.4% | 10.6% | 2.7% | 4.1% | 8.0d | mixed | $42k | low OI | ExHy | calc | |
| ByBybitCEX | LiLighter | −0.4% | −0.3% | 3.8% | 5.7% | 1.0% | 1.5% | 10d | mixed | $173k | 4h/1h | ByLi | calc | |
| ExExtended | LiLighter | −0.9% | −0.9% | 2.9% | 3.5% | 1.6% | 2.3% | 6.4d | mixed | $42k | low OI | ExLi | calc | |
| BnBinanceCEX | LiLighter | −0.4% | −0.4% | 3.3% | 5.1% | 0.7% | 1.0% | 11d | mixed | $173k | 4h/1h | BnLi | calc | |
| AsAster | LiLighter | −0.4% | −0.4% | 2.5% | 3.5% | 0.4% | 0.6% | 12d | mixed | $129k | 4h/1h | AsLi | calc | |
| GtGateCEX | LiLighter | −0.4% | 0.4% | 4.2% | 7.1% | 0.3% | 0.5% | 13d | mixed | $173k | 4h/1h | GtLi | calc | |
| BgBitgetCEX | LiLighter | −0.4% | −0.4% | 3.3% | 4.0% | 0.2% | 0.3% | 13d | mixed | $173k | 4h/1h | BgLi | calc | |
| MxMEXCCEX | AsAster | 0.0% | 0.0% | 0.8% | 0.5% | −2.3% | −3.4% | 52d | weak | $129k | MxAs | calc | ||
| ByBybitCEX | MxMEXCCEX | 0.0% | 0.2% | 0.5% | 1.7% | −3.4% | −5.1% | 101d | weak | $7.5M | ByMx | calc | ||
| ByBybitCEX | AsAster | 0.0% | 0.2% | 1.4% | 2.2% | −3.6% | −5.4% | 50d | weak | $129k | ByAs | calc | ||
| MxMEXCCEX | ExExtended | 0.4% | 0.4% | 0.4% | 0.4% | −1.9% | −2.9% | 75d | weak | $42k | low OI4h/1h | MxEx | calc | |
| BnBinanceCEX | AsAster | 0.0% | 0.0% | 0.8% | 0.5% | −3.9% | −5.8% | 78d | weak | $129k | BnAs | calc | ||
| GtGateCEX | MxMEXCCEX | 0.0% | 0.9% | 0.9% | 3.1% | −4.0% | −6.1% | 76d | weak | $1.1M | GtMx | calc | ||
| GtGateCEX | AsAster | 0.0% | 0.9% | 1.8% | 3.6% | −4.2% | −6.4% | 48d | weak | $129k | GtAs | calc | ||
| LiLighter | MxMEXCCEX | 0.4% | 0.4% | −3.3% | −4.0% | −4.3% | −6.5% | — | weak | $173k | 1h/4h | LiMx | calc | |
| BgBitgetCEX | AsAster | 0.0% | 0.0% | 0.8% | 0.5% | −4.4% | −6.6% | 87d | weak | $129k | BgAs | calc | ||
| LiLighter | AsAster | 0.4% | 0.4% | −2.5% | −3.5% | −4.6% | −6.8% | — | weak | $129k | 1h/4h | LiAs | calc | |
| ByBybitCEX | BnBinanceCEX | 0.0% | 0.2% | 0.5% | 1.7% | −4.9% | −7.4% | 141d | weak | $4.7M | ByBn | calc | ||
| ByBybitCEX | BgBitgetCEX | 0.0% | 0.2% | 0.5% | 1.7% | −5.5% | −8.2% | 155d | weak | $2.3M | ByBg | calc | ||
| GtGateCEX | BnBinanceCEX | 0.0% | 0.9% | 0.9% | 3.4% | −5.6% | −8.4% | 100d | weak | $1.1M | GtBn | calc | ||
| LiLighter | BnBinanceCEX | 0.4% | 0.4% | −3.3% | −5.1% | −5.9% | −8.9% | — | weak | $173k | 1h/4h | LiBn | calc | |
| GtGateCEX | BgBitgetCEX | 0.0% | 0.9% | 0.9% | 3.1% | −6.1% | −9.2% | 108d | weak | $1.1M | GtBg | calc | ||
| ByBybitCEX | ExExtended | 0.4% | 0.6% | 1.0% | 2.1% | −3.2% | −4.8% | 60d | weak | $42k | low OI4h/1h | ByEx | calc | |
| GtGateCEX | ByBybitCEX | 0.0% | 0.7% | 0.4% | 1.5% | −6.4% | −9.6% | 254d | weak | $1.1M | GtBy | calc | ||
| LiLighter | BgBitgetCEX | 0.4% | 0.4% | −3.3% | −4.0% | −6.4% | −9.7% | — | weak | $173k | 1h/4h | LiBg | calc | |
| LiLighter | ByBybitCEX | 0.4% | 0.3% | −3.8% | −5.7% | −6.7% | −10.1% | — | weak | $173k | 1h/4h | LiBy | calc | |
| BnBinanceCEX | ExExtended | 0.4% | 0.4% | 0.4% | 0.4% | −3.5% | −5.2% | 125d | weak | $42k | low OI4h/1h | BnEx | calc | |
| AsAster | ExExtended | 0.4% | 0.4% | −0.4% | 0.0% | −3.8% | −5.7% | — | weak | $42k | low OI4h/1h | AsEx | calc | |
| GtGateCEX | ExExtended | 0.4% | 1.3% | 1.4% | 3.6% | −3.9% | −5.8% | 54d | weak | $42k | low OI4h/1h | GtEx | calc | |
| BgBitgetCEX | ExExtended | 0.4% | 0.4% | 0.4% | 0.4% | −4.0% | −6.0% | 142d | weak | $42k | low OI4h/1h | BgEx | calc | |
| LiLighter | GtGateCEX | 0.4% | −0.4% | −4.2% | −7.1% | −8.1% | −12.2% | — | weak | $173k | 1h/4h | LiGt | calc | |
| LiLighter | ExExtended | 0.9% | 0.9% | −2.9% | −3.5% | −4.2% | −6.3% | — | weak | $42k | low OI | LiEx | calc | |
| ExExtended | AsAster | −0.4% | −0.4% | 0.4% | 0.0% | −3.0% | −4.5% | 119d | mixed | $42k | low OI1h/4h | ExAs | calc | |
| HyHyperliquid | ExExtended | 0.4% | −1.0% | −6.4% | −10.6% | −10.0% | −15.0% | — | weak | $42k | low OI | HyEx | calc | |
| LiLighter | VaVariational | 0.4% | −0.1% | −11.6% | −14.8% | −11.6% | −17.3% | — | mixed | $173k | 1h/4hspread not incl. | LiVa | 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 04:36 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 0.385324, sell on Binance at 0.387907: 0.668% before fees, 0.568% after taker fees.
| Buy ↓ · Sell → | BnBinance0.387907 | BgBitget0.3879 | AsAster0.387872 | GtGate0.3877 | HyHyperliquid0.38767 | ByBybit0.3876 | MxMEXC0.3874 | RwRWA Perp0.3874 | ExExtended0.386872 | LiLighter0.38671 | VaVariational0.385324 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VaVariational0.385324 | 0.668% | 0.666% | 0.659% | 0.615% | 0.607% | 0.589% | 0.537% | 0.537% | 0.401% | 0.359% | — |
| LiLighter0.38671 | 0.309% | 0.307% | 0.300% | 0.256% | 0.248% | 0.230% | 0.178% | 0.178% | 0.042% | — | −0.359% |
| ExExtended0.386872 | 0.267% | 0.265% | 0.258% | 0.214% | 0.206% | 0.188% | 0.136% | 0.136% | — | −0.042% | −0.401% |
| MxMEXC0.3874 | 0.131% | 0.129% | 0.122% | 0.077% | 0.070% | 0.052% | — | 0.000% | −0.136% | −0.178% | −0.537% |
| RwRWA Perp0.3874 | 0.131% | 0.129% | 0.122% | 0.077% | 0.070% | 0.052% | 0.000% | — | −0.136% | −0.178% | −0.537% |
| ByBybit0.3876 | 0.079% | 0.077% | 0.070% | 0.026% | 0.018% | — | −0.052% | −0.052% | −0.188% | −0.230% | −0.589% |
| HyHyperliquid0.38767 | 0.061% | 0.059% | 0.052% | 0.008% | — | −0.018% | −0.070% | −0.070% | −0.206% | −0.248% | −0.607% |
| GtGate0.3877 | 0.053% | 0.052% | 0.044% | — | −0.008% | −0.026% | −0.077% | −0.077% | −0.214% | −0.256% | −0.615% |
| AsAster0.387872 | 0.009% | 0.007% | — | −0.044% | −0.052% | −0.070% | −0.122% | −0.122% | −0.258% | −0.300% | −0.659% |
| BgBitget0.3879 | 0.002% | — | −0.007% | −0.052% | −0.059% | −0.077% | −0.129% | −0.129% | −0.265% | −0.307% | −0.666% |
| BnBinance0.387907 | — | −0.002% | −0.009% | −0.053% | −0.061% | −0.079% | −0.131% | −0.131% | −0.267% | −0.309% | −0.668% |
All quotes (11)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| AsAster | 0.387872 | 0.387872 | mark | 6m | $33k | no FX |
| BnBinanceCEX | 0.387907 | 0.387907 | mark | 6m | $5.3M | no FX |
| BgBitgetCEX | 0.3879 | 0.3879 | mark | 6m | $374k | no FX |
| ByBybitCEX | 0.3876 | 0.3876 | mark | 6m | $3.8M | no FX |
| ExExtended | 0.386872 | 0.386872 | mark | 6m | $173k | |
| GtGateCEX | 0.3877 | 0.3877 | mark | 6m | $243k | no FX |
| HyHyperliquid | 0.38767 | 0.38767 | mark | 6m | $917k | |
| LiLighter | 0.38671 | 0.38671 | mark | 6m | $109k | |
| MxMEXCCEX | 0.3874 | 0.3874 | mark | 6m | $1.3M | no FX |
| RwRWA Perp | 0.3874 | 0.3874 | mark | 6m | $482 | |
| VaVariational | 0.385324 | 0.385324 | mark | 6m | $28k |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
↗ buttons open the exchange; some are referral links and we may earn a commission at no extra cost to you.