TENCENT funding rates

TENCENT perpetual funding across 5 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 05:31 UTC · refreshed every 5 min

Best pair · 7d: 23.8%long Gate, short Lighter · net 19.8%
Highest funding now: 92.9%Lighter
Lowest funding now: 0.0%BybitCEX
Listed on: 5 venues

Funding by venue

													Flags	Open
Lighter	TENCENT	92.9%	24.4%	23.8%	16.2%	23.6%	100%	1h	06:00	54.75	$63k	$5k	TradFi	LiLighter
Aster	TENCENTUSDT	22.4%	3.4%	6.5%	7.7%	7.1%	12%	8h	08:00	54.69	$29k	$678	TradFi	AsAster
BitgetCEX	TENCENTUSDT	11.6%	1.8%	6.3%	2.5%	7.0%	11%	8h	08:00	54.54	$1.1M	$154k	TradFi	BgBitget
BybitCEX	TENCENTUSDT	0.0%	4.6%	2.4%	0.6%	2.0%	8%	8h	08:00	54.56	$420k	$17k	TradFi	ByBybit
GateCEX	TENCENT_USDT	0.0%	0.0%	0.0%	6.0%	0.0%	0%	8h	08:00	54.55	$1.8M	$173k	TradFi	GtGate

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
GateCEX	Lighter	92.9%	24.4%	23.8%	10.2%	19.8%	29.8%	2.3d	steady	$63k	8h/1hTradFi	Gt Li	calc
BybitCEX	Lighter	92.9%	19.8%	21.4%	15.6%	18.5%	27.7%	1.9d	steady	$63k	8h/1hTradFi	By Li	calc
BitgetCEX	Lighter	81.2%	22.6%	17.5%	13.7%	14.3%	21.5%	2.5d	steady	$63k	8h/1hTradFi	Bg Li	calc
Aster	Lighter	70.5%	21.0%	17.2%	8.6%	15.1%	22.7%	1.7d	steady	$29k	low OI8h/1hTradFi	As Li	calc
GateCEX	Aster	22.4%	3.4%	6.5%	1.6%	0.5%	0.8%	13d	steady	$29k	low OITradFi	Gt As	calc
GateCEX	BitgetCEX	11.6%	1.8%	6.3%	−3.5%	−0.8%	−1.1%	16d	steady	$1.1M	TradFi	Gt Bg	calc
BybitCEX	Aster	22.4%	−1.2%	4.1%	7.1%	−0.8%	−1.2%	17d	cooling	$29k	low OITradFi	By As	calc
BybitCEX	BitgetCEX	11.6%	−2.8%	3.9%	1.9%	−2.1%	−3.2%	22d	cooling	$420k	TradFi	By Bg	calc
GateCEX	BybitCEX	0.0%	4.6%	2.4%	−5.4%	−4.4%	−6.6%	40d	weak	$420k	TradFi	Gt By	calc
BitgetCEX	Aster	10.8%	1.6%	0.3%	5.2%	−5.0%	−7.4%	278d	weak	$29k	low OITradFi	Bg 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 05:31 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.

TENCENT · TradFi

No two venues give a usable spread right now.

TENCENT: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Lighter54.748	Aster54.6856	Bybit54.56	Gate54.55	Bitget54.54
Bitget54.54	0.381%	0.267%	0.037%	0.018%	—
Gate54.55	0.362%	0.248%	0.018%	—	−0.018%
Bybit54.56	0.344%	0.230%	—	−0.018%	−0.037%
Aster54.6856	0.114%	—	−0.230%	−0.248%	−0.267%
Lighter54.748	—	−0.114%	−0.344%	−0.362%	−0.381%

All quotes (5)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	54.6856	54.6856	mark	7m	$678	closedno FX
BitgetCEX	54.54	54.54	mark	7m	$154k	closedno FX
BybitCEX	54.56	54.56	mark	7m	$17k	closedno FX
GateCEX	54.55	54.55	mark	7m	$173k	closedno FX
Lighter	54.748	54.748	mark	7m	$5k	closed

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

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