SQD funding rates

SQD perpetual funding across 7 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 04:55 UTC · refreshed every 5 min

Best pair · 7d: 0.0%long Variational, short MEXC · net −1.0%
Highest funding now: 10.9%Aster
Lowest funding now: 10.9%Aster
Listed on: 7 venues

Funding by venue

													Open
Aster	SQDUSDT	10.9%	10.9%	10.9%	11.0%	10.9%	100%	4h	08:00	0.02637	$9k	$3k	AsAster
BinanceCEX	SQDUSDT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	4h	08:00	0.02633	$1.3M	$880k	BnBinance
BybitCEX	SQDUSDT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	4h	08:00	0.02632	$812k	$145k	ByBybit
BitgetCEX	SQDUSDT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	4h	08:00	0.02637	$602k	$76k	BgBitget
GateCEX	SQD_USDT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	4h	08:00	0.0263	$606k	$53k	GtGate
MEXCCEX	SQD_USDT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	4h	08:00	0.02642	$4.0M	$127k	MxMEXC
Variational	SQD	10.9%	10.9%	10.9%	10.6%	10.9%	100%	4h	—	0.0263	$3k	$2k	VaVariational

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
Variational	MEXCCEX	0.0%	0.0%	0.0%	0.3%	−1.0%	−1.6%	>999d	weak	$3k	low OIspread not incl.	Va Mx	calc
Variational	Aster	0.0%	0.0%	0.0%	0.4%	−2.1%	−3.1%	>999d	weak	$3k	low OIspread not incl.	Va As	calc
Variational	BinanceCEX	0.0%	0.0%	0.0%	0.0%	−2.6%	−3.9%	>999d	weak	$3k	low OIspread not incl.	Va Bn	calc
Variational	BybitCEX	0.0%	0.0%	0.0%	0.3%	−2.9%	−4.3%	>999d	weak	$3k	low OIspread not incl.	Va By	calc
Variational	BitgetCEX	0.0%	0.0%	0.0%	0.3%	−3.1%	−4.7%	>999d	weak	$3k	low OIspread not incl.	Va Bg	calc
Variational	GateCEX	0.0%	0.0%	0.0%	0.3%	−3.9%	−5.9%	>999d	weak	$3k	low OIspread not incl.	Va 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 04:55 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 Gate at 0.0263, sell on MEXC at 0.02642: 0.455% before fees, 0.265% after taker fees.

SQD: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	MEXC0.02642	Bitget0.02637	Aster0.0263655	Binance0.02633	Bybit0.02632	Variational0.0263001	Gate0.0263
Gate0.0263	0.455%	0.266%	0.249%	0.114%	0.076%	0.001%	—
Variational0.0263001	0.455%	0.265%	0.248%	0.113%	0.075%	—	−0.001%
Bybit0.02632	0.379%	0.190%	0.173%	0.038%	—	−0.075%	−0.076%
Binance0.02633	0.341%	0.152%	0.135%	—	−0.038%	−0.113%	−0.114%
Aster0.0263655	0.207%	0.017%	—	−0.135%	−0.173%	−0.248%	−0.249%
Bitget0.02637	0.189%	—	−0.017%	−0.152%	−0.190%	−0.265%	−0.266%
MEXC0.02642	—	−0.189%	−0.207%	−0.341%	−0.379%	−0.455%	−0.455%

All quotes (7)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	0.0263655	0.0263655	mark	44s	$3k	no FX
BinanceCEX	0.02633	0.02633	mark	5m	$880k	no FX
BitgetCEX	0.02637	0.02637	mark	5m	$76k	no FX
BybitCEX	0.02632	0.02632	mark	5m	$145k	no FX
GateCEX	0.0263	0.0263	mark	5m	$53k	no FX
MEXCCEX	0.02642	0.02642	mark	44s	$127k	no FX
Variational	0.0263001	0.0263001	mark	44s	$2k

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.