STABLE funding rates

STABLE perpetual funding across 10 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 03:56 UTC · refreshed every 5 min

Best pair · 7d: 14.5%long Lighter, short Bybit · net 11.6%
Highest funding now: 30.2%BinanceCEX
Lowest funding now: 10.5%Lighter
Listed on: 10 venues

Funding by venue

													Open
BinanceCEX	STABLEUSDT	30.2%	18.9%	21.9%	11.8%	22.4%	100%	4h	04:00	0.02708	$4.9M	$1.3M	BnBinance
Extended	STABLE-USD	29.8%	19.6%	22.2%	12.1%	22.6%	100%	1h	04:00	0.02705	$2k	$76k	ExExtended
MEXCCEX	STABLE_USDT	29.1%	20.9%	20.9%	11.6%	20.9%	100%	4h	04:00	0.02708	$618k	$179k	MxMEXC
Aster	STABLEUSDT	23.4%	34.5%	19.1%	9.6%	16.5%	100%	4h	04:00	0.02706	$37k	$2k	AsAster
Hyperliquid	STABLE	10.9%	10.9%	10.9%	5.7%	10.9%	100%	1h	—	0.02704	$900k	$246k	HyHyperliquid
BybitCEX	STABLEUSDT	10.9%	11.1%	25.0%	11.5%	27.3%	100%	4h	04:00	0.02703	$1.7M	$231k	ByBybit
BitgetCEX	STABLEUSDT	10.9%	10.9%	11.4%	9.2%	11.5%	100%	4h	04:00	0.02706	$365k	$46k	BgBitget
GateCEX	STABLE_USDT	10.9%	10.9%	10.9%	10.7%	10.9%	100%	4h	04:00	0.02703	$287k	$14k	GtGate
Variational	STABLE	10.9%	10.9%	12.9%	11.9%	13.2%	100%	4h	—	0.02702	$64k	$3k	VaVariational
Lighter	STABLE	10.5%	10.5%	10.5%	−11.7%	10.5%	100%	1h	04:00	0.02683	$100k	$4	LiLighter

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	BybitCEX	0.4%	0.6%	14.5%	23.2%	11.6%	17.4%	2.8d	steady	$100k	1h/4h	Li By	calc
Lighter	MEXCCEX	18.6%	10.4%	10.4%	23.3%	9.3%	14.0%	1.4d	steady	$100k	1h/4h	Li Mx	calc
Variational	BybitCEX	0.0%	0.1%	12.1%	−0.4%	9.2%	13.9%	3.3d	cooling	$64k	spread not incl.	Va By	calc
Hyperliquid	BybitCEX	0.0%	0.1%	14.0%	5.8%	8.8%	13.2%	5.2d	cooling	$900k	1h/4h	Hy By	calc
Lighter	BinanceCEX	19.7%	8.4%	11.4%	23.5%	8.8%	13.1%	3.2d	steady	$100k	1h/4h	Li Bn	calc
BitgetCEX	BybitCEX	0.0%	0.1%	13.5%	2.3%	7.6%	11.3%	6.2d	cooling	$365k		Bg By	calc
GateCEX	BybitCEX	0.0%	0.1%	14.0%	0.9%	7.2%	10.9%	6.8d	cooling	$287k		Gt By	calc
Variational	MEXCCEX	18.2%	10.0%	8.0%	−0.3%	7.0%	10.5%	1.8d	steady	$64k	spread not incl.	Va Mx	calc
Hyperliquid	MEXCCEX	18.2%	10.0%	10.0%	5.9%	6.6%	9.8%	4.8d	steady	$618k	1h/4h	Hy Mx	calc
Variational	BinanceCEX	19.3%	7.9%	9.0%	0.0%	6.4%	9.6%	4.1d	steady	$64k	spread not incl.	Va Bn	calc
Hyperliquid	BinanceCEX	19.3%	7.9%	10.9%	6.1%	6.0%	9.0%	6.3d	steady	$900k	1h/4h	Hy Bn	calc
BitgetCEX	MEXCCEX	18.2%	10.0%	9.5%	2.4%	5.3%	8.0%	6.2d	steady	$365k		Bg Mx	calc
Lighter	Extended	19.3%	9.1%	11.7%	23.8%	10.4%	15.6%	1.6d	steady	$2k	low OI	Li Ex	calc
GateCEX	MEXCCEX	18.2%	10.0%	10.0%	0.9%	5.0%	7.5%	7.0d	steady	$287k		Gt Mx	calc
BitgetCEX	BinanceCEX	19.3%	7.9%	10.5%	2.6%	4.7%	7.1%	7.7d	steady	$365k		Bg Bn	calc
GateCEX	BinanceCEX	19.3%	7.9%	10.9%	1.2%	4.4%	6.6%	8.4d	steady	$287k		Gt Bn	calc
Variational	Extended	18.8%	8.7%	9.3%	0.2%	8.0%	12.0%	2.0d	steady	$2k	low OI4h/1hspread not incl.	Va Ex	calc
Hyperliquid	Extended	18.8%	8.7%	11.2%	6.3%	7.6%	11.4%	4.5d	steady	$2k	low OI	Hy Ex	calc
BitgetCEX	Extended	18.8%	8.7%	10.8%	2.9%	6.3%	9.5%	5.8d	steady	$2k	low OI4h/1h	Bg Ex	calc
GateCEX	Extended	18.8%	8.7%	11.2%	1.4%	6.0%	9.0%	6.5d	steady	$2k	low OI4h/1h	Gt Ex	calc
Lighter	Variational	0.4%	0.4%	2.4%	23.6%	2.4%	3.5%	<0.1d	weak	$64k	1h/4hspread not incl.	Li Va	calc
Lighter	Aster	12.9%	24.0%	8.5%	21.3%	6.5%	9.7%	3.4d	spike ×4.0	$37k	low OI1h/4h	Li As	calc
Variational	Aster	12.5%	23.6%	6.2%	−2.3%	4.1%	6.2%	4.7d	spike ×7.1	$37k	low OIspread not incl.	Va As	calc
Hyperliquid	Aster	12.5%	23.6%	8.1%	3.8%	3.7%	5.5%	7.7d	spike ×4.3	$37k	low OI1h/4h	Hy As	calc
BitgetCEX	Aster	12.5%	23.6%	7.6%	0.4%	2.4%	3.6%	9.6d	spike ×4.7	$37k	low OI	Bg As	calc
GateCEX	Aster	12.5%	23.6%	8.1%	−1.1%	2.1%	3.2%	10d	spike ×4.3	$37k	low OI	Gt As	calc
Aster	BybitCEX	−12.5%	−23.4%	5.9%	1.9%	1.0%	1.4%	12d	cooling	$37k	low OI	As By	calc
MEXCCEX	BybitCEX	−18.2%	−9.8%	4.1%	−0.1%	0.2%	0.2%	13d	cooling	$618k		Mx By	calc
Hyperliquid	Variational	0.0%	0.0%	1.9%	6.1%	−0.4%	−0.6%	17d	weak	$64k	1h/4hspread not incl.	Hy Va	calc
Aster	Extended	6.4%	−14.9%	3.1%	2.5%	−0.3%	−0.4%	15d	cooling	$2k	low OI4h/1h	As Ex	calc
BitgetCEX	Variational	0.0%	0.0%	1.4%	2.7%	−1.7%	−2.5%	30d	weak	$64k	spread not incl.	Bg Va	calc
Lighter	Hyperliquid	0.4%	0.4%	0.4%	17.4%	−1.9%	−2.9%	75d	weak	$100k		Li Hy	calc
GateCEX	Variational	0.0%	0.0%	1.9%	1.2%	−2.0%	−3.0%	29d	weak	$64k	spread not incl.	Gt Va	calc
MEXCCEX	Extended	0.7%	−1.3%	1.3%	0.5%	−1.1%	−1.6%	26d	weak	$2k	low OI4h/1h	Mx Ex	calc
Lighter	BitgetCEX	0.4%	0.4%	0.9%	20.9%	−2.2%	−3.3%	48d	weak	$100k	1h/4h	Li Bg	calc
BinanceCEX	BybitCEX	−19.3%	−7.8%	3.1%	−0.3%	−2.4%	−3.6%	25d	weak	$1.7M		Bn By	calc
Aster	MEXCCEX	5.7%	−13.6%	1.8%	2.0%	−1.3%	−1.9%	24d	weak	$37k	low OI	As Mx	calc
MEXCCEX	BinanceCEX	1.1%	−2.1%	1.0%	0.2%	−2.7%	−4.0%	52d	weak	$618k		Mx Bn	calc
Lighter	GateCEX	0.4%	0.4%	0.4%	22.4%	−3.5%	−5.2%	125d	weak	$100k	1h/4h	Li Gt	calc
Aster	BinanceCEX	6.8%	−15.6%	2.8%	2.2%	−1.9%	−2.8%	23d	cooling	$37k	low OI	As Bn	calc
Hyperliquid	BitgetCEX	0.0%	0.0%	0.5%	3.5%	−5.0%	−7.5%	162d	weak	$365k	1h/4h	Hy Bg	calc
Extended	BybitCEX	−18.8%	−8.5%	2.8%	−0.6%	−1.4%	−2.1%	21d	mixed	$2k	low OI1h/4h	Ex By	calc
GateCEX	BitgetCEX	0.0%	0.0%	0.5%	−1.5%	−6.6%	−9.8%	208d	weak	$287k		Gt Bg	calc
BinanceCEX	Extended	−0.4%	0.8%	0.3%	0.2%	−3.6%	−5.4%	178d	weak	$2k	low OI4h/1h	Bn Ex	calc
BybitCEX	MEXCCEX	18.2%	9.8%	−4.1%	0.1%	−8.0%	−12.0%	—	weak	$618k		By Mx	calc
BybitCEX	BinanceCEX	19.3%	7.8%	−3.1%	0.3%	−8.6%	−12.9%	—	weak	$1.7M		By Bn	calc
BybitCEX	Extended	18.8%	8.5%	−2.8%	0.6%	−7.0%	−10.4%	—	weak	$2k	low OI4h/1h	By Ex	calc
Extended	BinanceCEX	0.4%	−0.8%	−0.3%	−0.2%	−4.2%	−6.3%	—	mixed	$2k	low OI1h/4h	Ex Bn	calc
BybitCEX	Aster	12.5%	23.4%	−5.9%	−1.9%	−10.9%	−16.3%	—	spike	$37k	low OI	By As	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 03:56 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 Lighter at 0.0268295, sell on Binance at 0.02708: 0.929% before fees, 0.829% after taker fees.

STABLE: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Binance0.02708	MEXC0.02708	Aster0.02706	Bitget0.02706	Extended0.0270471	Hyperliquid0.027041	Bybit0.02703	Gate0.02703	Variational0.0270201	Lighter0.0268295
Lighter0.0268295	0.929%	0.929%	0.855%	0.855%	0.808%	0.785%	0.745%	0.745%	0.708%	—
Variational0.0270201	0.221%	0.221%	0.147%	0.147%	0.100%	0.077%	0.036%	0.036%	—	−0.708%
Bybit0.02703	0.185%	0.185%	0.111%	0.111%	0.063%	0.041%	—	0.000%	−0.036%	−0.745%
Gate0.02703	0.185%	0.185%	0.111%	0.111%	0.063%	0.041%	0.000%	—	−0.036%	−0.745%
Hyperliquid0.027041	0.144%	0.144%	0.070%	0.070%	0.023%	—	−0.041%	−0.041%	−0.077%	−0.785%
Extended0.0270471	0.122%	0.122%	0.048%	0.048%	—	−0.023%	−0.063%	−0.063%	−0.100%	−0.808%
Aster0.02706	0.074%	0.074%	—	0.000%	−0.048%	−0.070%	−0.111%	−0.111%	−0.147%	−0.855%
Bitget0.02706	0.074%	0.074%	0.000%	—	−0.048%	−0.070%	−0.111%	−0.111%	−0.147%	−0.855%
Binance0.02708	—	0.000%	−0.074%	−0.074%	−0.122%	−0.144%	−0.185%	−0.185%	−0.221%	−0.929%
MEXC0.02708	0.000%	—	−0.074%	−0.074%	−0.122%	−0.144%	−0.185%	−0.185%	−0.221%	−0.929%

All quotes (10)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	0.02706	0.02706	mark	3m	$2k	no FX
BinanceCEX	0.02708	0.02708	mark	3m	$1.3M	no FX
BitgetCEX	0.02706	0.02706	mark	3m	$46k	no FX
BybitCEX	0.02703	0.02703	mark	3m	$231k	no FX
Extended	0.0270471	0.0270471	mark	3m	$76k
GateCEX	0.02703	0.02703	mark	3m	$14k	no FX
Hyperliquid	0.027041	0.027041	mark	3m	$246k
Lighter	0.0268295	0.0268295	mark	3m	$4
MEXCCEX	0.02708	0.02708	mark	3m	$179k	no FX
Variational	0.0270201	0.0270201	mark	3m	$3k

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

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