TRB funding rates

TRB perpetual funding across 8 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 04:41 UTC · refreshed every 5 min

Best pair · 7d: 28.9%long Aster, short Variational · net 26.8%
Highest funding now: 10.9%Hyperliquid
Lowest funding now: 8.4%Aster
Listed on: 8 venues

Funding by venue

													Open
Hyperliquid	TRB	10.9%	6.0%	8.6%	10.4%	9.0%	91%	1h	—	19.42	$601k	$115k	HyHyperliquid
BinanceCEX	TRBUSDT	10.9%	9.4%	6.3%	8.8%	5.7%	80%	4h	08:00	19.41	$5.4M	$6.6M	BnBinance
BybitCEX	TRBUSDT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	4h	08:00	19.44	$5.9M	$1.0M	ByBybit
BitgetCEX	TRBUSDT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	4h	08:00	19.44	$1.2M	$615k	BgBitget
GateCEX	TRB_USDT	10.9%	8.6%	6.7%	9.1%	6.4%	85%	4h	08:00	19.44	$611k	$638k	GtGate
MEXCCEX	TRB_USDT	10.9%	8.9%	6.6%	9.4%	6.2%	81%	4h	08:00	19.44	$14.5M	$1.0M	MxMEXC
Variational	TRB	10.9%	11.0%	20.2%	17.8%	21.8%	100%	4h	—	19.44	$15k	$7k	VaVariational
Aster	TRBUSDT	8.4%	−6.5%	−8.6%	0.1%	−9.0%	38%	4h	08:00	19.44	$15k	$24k	AsAster

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
Aster	Variational	2.5%	17.4%	28.9%	17.7%	26.8%	40.2%	1.0d	steady	$15k	low OIspread not incl.	As Va	calc
Aster	BybitCEX	2.5%	17.4%	19.6%	10.8%	14.6%	21.9%	3.5d	steady	$15k	low OI	As By	calc
Aster	BitgetCEX	2.5%	17.4%	19.6%	10.8%	14.4%	21.6%	3.7d	steady	$15k	low OI	As Bg	calc
Aster	Hyperliquid	2.5%	12.5%	17.2%	10.3%	12.8%	19.2%	3.6d	steady	$15k	low OI4h/1h	As Hy	calc
MEXCCEX	Variational	0.0%	2.0%	13.6%	8.4%	12.6%	18.9%	1.1d	cooling	$15k	low OIspread not incl.	Mx Va	calc
Aster	MEXCCEX	2.5%	15.4%	15.2%	9.3%	12.1%	18.2%	2.9d	steady	$15k	low OI	As Mx	calc
BinanceCEX	Variational	0.0%	1.6%	14.0%	8.5%	11.4%	17.1%	2.6d	cooling	$15k	low OIspread not incl.	Bn Va	calc
Aster	BinanceCEX	2.5%	15.8%	14.9%	10.6%	10.2%	15.3%	4.4d	steady	$15k	low OI	As Bn	calc
GateCEX	Variational	0.0%	2.4%	13.6%	8.7%	9.7%	14.5%	4.0d	cooling	$15k	low OIspread not incl.	Gt Va	calc
Hyperliquid	Variational	0.0%	4.9%	11.7%	7.4%	9.3%	14.0%	2.8d	cooling	$15k	low OI1h/4hspread not incl.	Hy Va	calc
Aster	GateCEX	2.5%	15.0%	15.3%	9.0%	9.3%	14.0%	5.5d	steady	$15k	low OI	As Gt	calc
BybitCEX	Variational	0.0%	0.0%	9.3%	6.8%	6.4%	9.6%	4.3d	cooling	$15k	low OIspread not incl.	By Va	calc
BitgetCEX	Variational	0.0%	0.0%	9.3%	6.9%	6.2%	9.2%	4.7d	cooling	$15k	low OIspread not incl.	Bg Va	calc
MEXCCEX	BybitCEX	0.0%	2.0%	4.3%	1.5%	0.4%	0.6%	13d	weak	$5.9M		Mx By	calc
MEXCCEX	BitgetCEX	0.0%	2.0%	4.3%	1.5%	0.2%	0.3%	13d	weak	$1.2M		Mx Bg	calc
BinanceCEX	BybitCEX	0.0%	1.6%	4.7%	2.1%	−0.8%	−1.2%	16d	cooling	$5.4M		Bn By	calc
BinanceCEX	BitgetCEX	0.0%	1.6%	4.7%	2.1%	−1.0%	−1.6%	17d	cooling	$1.2M		Bn Bg	calc
MEXCCEX	Hyperliquid	0.0%	−2.9%	2.0%	1.0%	−1.4%	−2.1%	24d	weak	$601k	4h/1h	Mx Hy	calc
GateCEX	BybitCEX	0.0%	2.4%	4.3%	1.9%	−2.5%	−3.7%	22d	weak	$611k		Gt By	calc
BinanceCEX	Hyperliquid	0.0%	−3.4%	2.3%	1.4%	−2.6%	−4.0%	30d	weak	$601k	4h/1h	Bn Hy	calc
GateCEX	BitgetCEX	0.0%	2.4%	4.3%	1.8%	−2.8%	−4.1%	23d	weak	$611k		Gt Bg	calc
Hyperliquid	BybitCEX	0.0%	4.9%	2.4%	0.6%	−2.8%	−4.3%	31d	weak	$601k	1h/4h	Hy By	calc
Hyperliquid	BitgetCEX	0.0%	4.9%	2.4%	0.5%	−3.1%	−4.6%	32d	weak	$601k	1h/4h	Hy Bg	calc
BinanceCEX	MEXCCEX	0.0%	−0.5%	0.4%	0.1%	−3.3%	−4.9%	141d	weak	$5.4M		Bn Mx	calc
GateCEX	Hyperliquid	0.0%	−2.5%	1.9%	1.3%	−4.4%	−6.5%	46d	weak	$601k	4h/1h	Gt Hy	calc
MEXCCEX	GateCEX	0.0%	−0.4%	0.1%	−0.3%	−4.9%	−7.4%	>999d	weak	$611k		Mx Gt	calc
BinanceCEX	GateCEX	0.0%	−0.8%	0.4%	0.5%	−6.1%	−9.2%	220d	weak	$611k		Bn 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 04:41 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 Binance at 19.4141, sell on Gate at 19.44: 0.133% before fees, −0.117% after taker fees.

TRB: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Gate19.44	Bitget19.437	Bybit19.436	Binance19.4141
Binance19.4141	0.133%	0.118%	0.113%	—
Bybit19.436	0.021%	0.005%	—	−0.113%
Bitget19.437	0.015%	—	−0.005%	−0.118%
Gate19.44	—	−0.015%	−0.021%	−0.133%

All quotes (8)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
BinanceCEX	19.4141	19.4141	mark	9m	$6.6M	no FX
BitgetCEX	19.437	19.437	mark	9m	$615k	no FX
BybitCEX	19.436	19.436	mark	9m	$1.0M	no FX
GateCEX	19.44	19.44	mark	9m	$638k	no FX
Aster	19.4362	19.4362	mark	10m	$24k	staleno FX
Hyperliquid	19.419	19.419	mark	10m	$115k	stale
MEXCCEX	19.436	19.436	mark	10m	$1.0M	staleno FX
Variational	19.4368	19.4368	mark	10m	$7k	stale

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

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