TRUMP funding rates

TRUMP perpetual funding across 12 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
17.6%long MEXC, short Bitget · net 13.4%
Highest funding now
11.4%Extended
Lowest funding now
10.5%Lighter
Listed on
12 venues

Funding by venue

7d chartFlagsOpen
ExtendedTRUMP-USD11.4%10.9%−6.8%−4.7%−9.7%58%1h04:001.93$47k$125kExExtended
HyperliquidTRUMP10.9%10.9%3.7%2.5%2.5%79%1h—1.93$11.5M$2.5MHyHyperliquid
AsterTRUMPUSDT10.9%10.9%5.7%3.2%4.8%83%4h04:001.93$278k$149kAsAster
GRVTTRUMP_USDT_Perp10.9%10.9%3.5%0.8%2.3%79%4h04:001.93$151k$5.0MGrGRVT
BinanceCEXTRUMPUSDT10.9%10.6%−8.2%−5.5%−11.4%58%4h04:001.93$52.5M$46.6MBnBinance
BybitCEXTRUMPUSDT10.9%8.5%1.8%0.9%0.7%75%4h04:001.93$25.7M$11.7MByBybit
BitgetCEXTRUMPUSDT10.9%10.9%7.1%5.4%6.5%83%4h04:001.93$15.8M$6.8MBgBitget
GateCEXTRUMP_USDT10.9%7.7%−3.7%2.4%−5.6%49%4h04:001.93$59.4M$5.7MGtGate
MEXCCEXTRUMP_USDC10.9%10.9%−10.4%−7.3%−14.0%55%4h04:001.93$466k$142kMxMEXC
VariationalTRUMP10.9%7.8%−1.3%−3.2%−2.8%64%4h—1.93$118k$58kVaVariational
RWA PerpPERP_TRUMP_USDC10.8%11.3%0.8%1.7%−0.9%45%4h04:001.93$4k$0RwRWA Perp
LighterTRUMP10.5%10.5%3.4%0.8%2.2%79%1h04:001.94$479k$177kLiLighter

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
MEXCCEXBitgetCEX0.0%0.0%17.6%12.8%13.4%20.1%3.3dcooling$466kMxBgcalc
MEXCCEXAster0.0%0.0%16.1%10.5%13.0%19.4%2.7dcooling$278kMxAscalc
MEXCCEXHyperliquid0.0%0.0%14.1%9.9%10.7%16.1%3.4dcooling$466k4h/1hMxHycalc
MEXCCEXGRVT0.0%0.0%14.0%8.1%10.6%15.9%3.4dcooling$151kMxGrcalc
BinanceCEXBitgetCEX0.0%0.4%15.4%11.1%9.6%14.5%5.2dcooling$15.8MBnBgcalc
BinanceCEXAster0.0%0.4%13.9%8.8%9.2%13.8%4.7dcooling$278kBnAscalc
MEXCCEXBybitCEX0.0%−2.4%12.2%8.2%8.3%12.5%4.5dcooling$466kMxBycalc
MEXCCEXVariational0.0%−3.2%9.1%4.1%8.1%12.1%1.6dcooling$118kspread not incl.MxVacalc
BinanceCEXHyperliquid0.0%0.4%11.9%7.8%7.0%10.5%5.8dcooling$11.5M4h/1hBnHycalc
BinanceCEXGRVT0.0%0.4%11.8%5.7%6.8%10.2%5.9dcooling$151kBnGrcalc
MEXCCEXLighter−0.4%−0.4%13.8%8.1%12.8%19.2%1.1dmixed$466k4h/1hMxLicalc
VariationalBitgetCEX0.0%3.2%8.4%8.6%5.3%8.0%5.2dcooling$118kspread not incl.VaBgcalc
VariationalAster0.0%3.2%7.0%6.4%4.9%7.3%4.2dcooling$118kspread not incl.VaAscalc
BinanceCEXBybitCEX0.0%−2.1%10.0%6.2%4.6%6.8%7.6dcooling$25.7MBnBycalc
BinanceCEXLighter−0.4%−0.1%11.6%6.0%9.0%13.5%3.1dmixed$479k4h/1hBnLicalc
BinanceCEXVariational0.0%−2.8%6.9%2.2%4.3%6.5%5.3dcooling$118kspread not incl.BnVacalc
GateCEXBitgetCEX0.0%3.3%10.9%3.0%3.9%5.8%9.0dcooling$15.8MGtBgcalc
GateCEXAster0.0%3.3%9.4%0.7%3.4%5.1%8.9dcooling$278kGtAscalc
VariationalHyperliquid0.0%3.2%5.0%5.7%2.7%4.0%6.6dcooling$118k4h/1hspread not incl.VaHycalc
VariationalGRVT0.0%3.2%4.8%4.0%2.5%3.7%6.8dcooling$118kspread not incl.VaGrcalc
ExtendedBitgetCEX−0.4%0.1%13.9%10.2%9.5%14.3%4.5dmixed$47klow OI1h/4hExBgcalc
VariationalLighter−0.4%2.8%4.7%4.0%4.7%7.0%<0.1dmixed$118k4h/1hspread not incl.VaLicalc
ExtendedAster−0.4%0.1%12.5%7.9%9.1%13.6%3.8dmixed$47klow OI1h/4hExAscalc
ExtendedLighter−0.9%−0.4%10.2%5.5%8.9%13.3%1.8dmixed$47klow OIExLicalc
ExtendedHyperliquid−0.4%0.1%10.5%7.3%6.8%10.3%4.9dmixed$47klow OIExHycalc
ExtendedGRVT−0.4%0.1%10.3%5.5%6.7%10.0%5.0dmixed$47klow OI1h/4hExGrcalc
GateCEXLighter−0.4%2.8%7.1%−1.7%3.2%4.8%7.7dmixed$479k4h/1hGtLicalc
GateCEXHyperliquid0.0%3.3%7.4%0.1%1.2%1.8%12dcooling$11.5M4h/1hGtHycalc
ExtendedBybitCEX−0.4%−2.4%8.6%5.7%4.4%6.6%6.8dmixed$47klow OI1h/4hExBycalc
ExtendedVariational−0.4%−3.1%5.5%1.5%4.2%6.3%3.3dmixed$47klow OI1h/4hspread not incl.ExVacalc
GateCEXGRVT0.0%3.3%7.3%−1.7%1.0%1.5%12dcooling$151kGtGrcalc
MEXCCEXGateCEX0.0%−3.3%6.7%9.8%1.7%2.6%10dmixed$466kMxGtcalc
MEXCCEXExtended0.4%−0.1%3.6%2.6%1.3%1.9%9.0dweak$47klow OI4h/1hMxExcalc
LighterBitgetCEX0.4%0.4%3.8%4.7%0.6%0.9%12dweak$479k1h/4hLiBgcalc
VariationalBybitCEX0.0%0.8%3.1%4.1%0.2%0.3%13dweak$118kspread not incl.VaBycalc
LighterAster0.4%0.4%2.3%2.4%0.2%0.3%13dweak$278k1h/4hLiAscalc
BybitCEXBitgetCEX0.0%2.4%5.4%4.5%−0.6%−1.0%16dcooling$15.8MByBgcalc
BybitCEXAster0.0%2.4%3.9%2.3%−1.1%−1.6%18dweak$278kByAscalc
GateCEXBybitCEX0.0%0.8%5.5%−1.5%−1.2%−1.9%17dcooling$25.7MGtBycalc
GateCEXVariational0.0%0.1%2.4%−5.7%−1.5%−2.2%22dweak$118kspread not incl.GtVacalc
GRVTBitgetCEX0.0%0.0%3.6%4.6%−1.9%−2.8%21dweak$151kGrBgcalc
HyperliquidBitgetCEX0.0%0.0%3.4%2.9%−2.0%−3.0%22dweak$11.5M1h/4hHyBgcalc
BinanceCEXGateCEX0.0%−2.9%4.5%7.6%−2.0%−3.0%20dcooling$52.5MBnGtcalc
LighterHyperliquid0.4%0.4%0.3%1.7%−2.0%−3.1%105dweak$479kLiHycalc
LighterGRVT0.4%0.4%0.1%0.0%−2.2%−3.3%225dweak$151k1h/4hLiGrcalc
GRVTAster0.0%0.0%2.1%2.4%−2.3%−3.5%29dweak$151kGrAscalc
HyperliquidAster0.0%0.0%2.0%0.6%−2.5%−3.7%32dweak$278k1h/4hHyAscalc
BybitCEXLighter−0.4%2.0%1.6%−0.1%−1.3%−1.9%25dmixed$479k4h/1hByLicalc
MEXCCEXBinanceCEX0.0%−0.4%2.2%1.8%−1.5%−2.2%23dmixed$466kMxBncalc
BybitCEXHyperliquid0.0%2.4%1.9%1.6%−3.3%−5.0%38dweak$11.5M4h/1hByHycalc
BybitCEXGRVT0.0%2.4%1.7%−0.1%−3.5%−5.2%42dweak$151kByGrcalc
AsterBitgetCEX0.0%0.0%1.5%2.3%−3.7%−5.6%49dweak$278kAsBgcalc
LighterBybitCEX0.4%−2.0%−1.6%0.1%−4.5%−6.7%—weak$479k1h/4hLiBycalc
GRVTHyperliquid0.0%0.0%0.2%1.7%−4.5%−6.8%393dweak$151k4h/1hGrHycalc
BinanceCEXExtended0.4%0.3%1.4%0.9%−2.5%−3.7%38dweak$47klow OI4h/1hBnExcalc
ExtendedGateCEX−0.4%−3.2%3.0%7.2%−2.2%−3.3%24dmixed$47klow OI1h/4hExGtcalc
LighterVariational0.4%−2.8%−4.7%−4.0%−4.7%−7.0%—mixed$118k1h/4hspread not incl.LiVacalc
GateCEXExtended0.4%3.2%−3.0%−7.2%−8.3%−12.4%—weak$47klow OI4h/1hGtExcalc
LighterGateCEX0.4%−2.8%−7.1%1.7%−11.0%−16.6%—mixed$479k1h/4hLiGtcalc
VariationalExtended0.4%3.1%−5.5%−1.5%−6.8%−10.2%—mixed$47klow OI4h/1hspread not incl.VaExcalc
LighterBinanceCEX0.4%0.1%−11.6%−6.0%−14.2%−21.3%—mixed$479k1h/4hLiBncalc
LighterMEXCCEX0.4%0.4%−13.8%−8.1%−14.9%−22.3%—mixed$466k1h/4hLiMxcalc
LighterExtended0.9%0.4%−10.2%−5.5%−11.5%−17.2%—mixed$47klow OILiExcalc
BybitCEXExtended0.4%2.4%−8.6%−5.7%−12.8%−19.1%—mixed$47klow OI4h/1hByExcalc
GRVTExtended0.4%−0.1%−10.3%−5.5%−14.0%−21.0%—mixed$47klow OI4h/1hGrExcalc
HyperliquidExtended0.4%−0.1%−10.5%−7.3%−14.1%−21.2%—mixed$47klow OIHyExcalc
AsterExtended0.4%−0.1%−12.5%−7.9%−15.8%−23.8%—mixed$47klow OI4h/1hAsExcalc
BitgetCEXExtended0.4%−0.1%−13.9%−10.2%−18.4%−27.5%—mixed$47klow OI4h/1hBgExcalc
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 03:10 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.

No two venues give a usable spread right now.

TRUMP: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →MEXC1.925
MEXC1.925—
All quotes (12)
VenueBidAskQualityAgeVol 24hFlags
MEXCCEX1.9251.925mark5m$142kno FX
Aster1.929061.92906mark10m$149kstaleno FX
BinanceCEX1.929611.92961mark10m$46.6Mstaleno FX
BitgetCEX1.931.93mark10m$6.8Mstaleno FX
BybitCEX1.931.93mark10m$11.7Mstaleno FX
Extended1.927171.92717mark10m$125kstale
GateCEX1.931.93mark10m$5.7Mstaleno FX
GRVT1.9291.929mark10m$5.0Mstaleno FX
Hyperliquid1.928641.92864mark10m$2.5Mstale
Lighter1.9361.936mark10m$177kstale
RWA Perp1.9271.927mark10m$0stale
Variational1.927471.92747mark10m$58kstale

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

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