SYRUP funding rates

SYRUP perpetual funding across 9 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
9.7%long Binance, short Hyperliquid · net 4.8%
Highest funding now
10.9%Hyperliquid
Lowest funding now
10.5%Lighter
Listed on
9 venues

Funding by venue

7d chartFlagsOpen
HyperliquidSYRUP10.9%10.9%17.0%22.5%18.0%100%1h—0.249$8.9M$973kHyHyperliquid
AsterSYRUPUSDT10.9%9.9%10.0%9.4%10.0%98%4h04:000.2487$47k$28kAsAster
BinanceCEXSYRUPUSDT10.9%8.0%7.3%8.2%7.1%90%4h04:000.2486$8.1M$6.2MBnBinance
BybitCEXSYRUPUSDT10.9%10.9%10.9%10.9%10.9%100%4h04:000.2489$4.1M$2.2MByBybit
BitgetCEXSYRUPUSDT10.9%10.9%10.9%10.9%10.9%100%4h04:000.2489$1.0M$520kBgBitget
GateCEXSYRUP_USDT10.9%8.6%10.5%9.1%10.8%99%8h08:000.2486$986k$165kGtGate
MEXCCEXSYRUP_USDT10.9%8.9%7.7%9.0%7.5%90%4h04:000.2488$2.5M$483kMxMEXC
VariationalSYRUP10.9%10.9%10.9%10.9%10.9%100%4h—0.2486$369k$120kVaVariational
LighterSYRUP10.5%10.5%10.5%11.5%10.5%100%1h04:000.2485$274k$129kLiLighter

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.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
MEXCCEXHyperliquid0.0%2.0%9.3%13.5%5.9%8.9%5.1dcooling$2.5M4h/1hMxHycalc
BinanceCEXHyperliquid0.0%3.0%9.7%9.1%4.8%7.1%7.1dcooling$8.1M4h/1hBnHycalc
LighterHyperliquid0.4%0.4%6.5%11.1%4.1%6.2%5.1dsteady$274kLiHycalc
VariationalHyperliquid0.0%0.0%6.0%11.6%3.7%5.5%5.5dcooling$369k4h/1hspread not incl.VaHycalc
MEXCCEXVariational0.0%2.0%3.3%1.9%2.2%3.4%4.5dweak$369kspread not incl.MxVacalc
AsterHyperliquid0.0%1.0%7.0%13.1%2.5%3.8%8.9dcooling$47klow OI4h/1hAsHycalc
BinanceCEXVariational0.0%3.0%3.7%2.7%1.1%1.6%9.9dweak$369kspread not incl.BnVacalc
MEXCCEXLighter−0.4%1.6%2.8%2.5%1.8%2.7%5.1dmixed$274k4h/1hMxLicalc
BybitCEXHyperliquid0.0%0.0%6.0%11.6%0.8%1.2%12dcooling$4.1M4h/1hByHycalc
BitgetCEXHyperliquid0.0%0.0%6.0%11.6%0.5%0.8%13dcooling$1.0M4h/1hBgHycalc
LighterVariational0.4%0.4%0.4%−0.5%0.4%0.7%<0.1dweak$274k1h/4hspread not incl.LiVacalc
BinanceCEXLighter−0.4%2.5%3.2%2.2%0.6%1.0%11dmixed$274k4h/1hBnLicalc
GateCEXHyperliquid0.0%2.4%6.4%13.4%0.2%0.3%14dcooling$986k8h/1hGtHycalc
MEXCCEXBybitCEX0.0%2.0%3.3%1.9%−0.6%−0.9%17dweak$2.5MMxBycalc
MEXCCEXBitgetCEX0.0%2.0%3.3%1.9%−0.9%−1.3%18dweak$1.0MMxBgcalc
MEXCCEXAster0.0%1.0%2.3%0.4%−0.8%−1.2%19dweak$47klow OIMxAscalc
BinanceCEXBybitCEX0.0%3.0%3.7%2.7%−1.8%−2.7%21dweak$4.1MBnBycalc
BinanceCEXBitgetCEX0.0%3.0%3.7%2.7%−2.0%−3.1%22dweak$1.0MBnBgcalc
MEXCCEXGateCEX0.0%−0.4%2.9%0.1%−2.1%−3.1%24dweak$986k4h/8hMxGtcalc
AsterVariational0.0%1.0%1.0%1.5%−1.1%−1.7%31dweak$47klow OIspread not incl.AsVacalc
LighterBybitCEX0.4%0.4%0.4%−0.5%−2.4%−3.6%92dweak$274k1h/4hLiBycalc
LighterBitgetCEX0.4%0.4%0.4%−0.5%−2.7%−4.0%100dweak$274k1h/4hLiBgcalc
BinanceCEXMEXCCEX0.0%1.0%0.4%0.1%−3.2%−4.9%125dweak$2.5MBnMxcalc
BinanceCEXGateCEX0.0%0.6%3.3%−0.2%−3.3%−4.9%28dweak$986k4h/8hBnGtcalc
GateCEXVariational0.0%2.4%0.4%1.8%−3.5%−5.2%129dweak$369k8h/4hspread not incl.GtVacalc
LighterMEXCCEX0.4%−1.6%−2.8%−2.5%−3.9%−5.8%—weak$274k1h/4hLiMxcalc
LighterGateCEX0.4%−1.9%0.0%−2.3%−3.9%−5.8%>999dweak$274k1h/8hLiGtcalc
BinanceCEXAster0.0%1.9%2.7%1.1%−2.0%−2.9%24dweak$47klow OIBnAscalc
LighterAster0.4%−0.6%−0.5%−2.0%−2.6%−3.9%—weak$47klow OI1h/4hLiAscalc
LighterBinanceCEX0.4%−2.5%−3.2%−2.2%−5.9%−8.8%—weak$274k1h/4hLiBncalc
AsterLighter−0.4%0.6%0.5%2.0%−1.6%−2.4%57dmixed$47klow OI4h/1hAsLicalc
GateCEXBybitCEX0.0%2.4%0.4%1.8%−6.4%−9.5%224dweak$986k8h/4hGtBycalc
GateCEXBitgetCEX0.0%2.4%0.4%1.8%−6.6%−9.9%232dweak$986k8h/4hGtBgcalc
AsterBybitCEX0.0%1.0%1.0%1.5%−4.0%−6.0%73dweak$47klow OIAsBycalc
AsterBitgetCEX0.0%1.0%1.0%1.5%−4.3%−6.4%76dweak$47klow OIAsBgcalc
AsterGateCEX0.0%−1.4%0.5%−0.3%−5.5%−8.2%158dweak$47klow OI4h/8hAsGtcalc
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 03:51 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 0.24846, sell on Hyperliquid at 0.24904: 0.233% before fees, 0.143% after taker fees.

SYRUP: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Hyperliquid0.24904Bitget0.2489Bybit0.24889MEXC0.2488Aster0.248706Binance0.248644Gate0.2486Variational0.2486Lighter0.24846
Lighter0.248460.233%0.177%0.173%0.137%0.099%0.074%0.056%0.056%—
Gate0.24860.177%0.121%0.117%0.080%0.042%0.018%—0.000%−0.056%
Variational0.24860.177%0.120%0.116%0.080%0.042%0.018%0.000%—−0.056%
Binance0.2486440.159%0.103%0.099%0.063%0.025%—−0.018%−0.018%−0.074%
Aster0.2487060.134%0.078%0.074%0.038%—−0.025%−0.042%−0.042%−0.099%
MEXC0.24880.096%0.040%0.036%—−0.038%−0.063%−0.080%−0.080%−0.137%
Bybit0.248890.060%0.004%—−0.036%−0.074%−0.099%−0.117%−0.116%−0.173%
Bitget0.24890.056%—−0.004%−0.040%−0.078%−0.103%−0.121%−0.120%−0.177%
Hyperliquid0.24904—−0.056%−0.060%−0.096%−0.134%−0.159%−0.177%−0.177%−0.233%
All quotes (9)
VenueBidAskQualityAgeVol 24hFlags
Aster0.2487060.248706mark6m$28kno FX
BinanceCEX0.2486440.248644mark6m$6.2Mno FX
BitgetCEX0.24890.2489mark6m$520kno FX
BybitCEX0.248890.24889mark6m$2.2Mno FX
GateCEX0.24860.2486mark6m$165kno FX
Hyperliquid0.249040.24904mark6m$973k
Lighter0.248460.24846mark6m$129k
MEXCCEX0.24880.2488mark6m$483kno FX
Variational0.24860.2486mark6m$120k

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

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