LiveRU

USELESS funding rates

USELESS perpetual funding across 14 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
16.6%long Nado, short Lighter RH · net 14.7%
Highest funding now
12.7%RWA Perp
Lowest funding now
10.5%Lighter
Listed on
14 venues

Funding by venue

7d chartFlagsOpen
RWA PerpPERP_USELESS_USDC12.7%21.4%41.8%53.6%45.2%100%4h04:000.2048$6k$28kRwRWA Perp
ExtendedUSELESS-USD11.4%13.7%21.1%22.6%22.3%100%1h04:000.2048$197k$676kExExtended
HyperliquidUSELESS10.9%14.9%17.6%32.1%18.1%100%1h—0.2051$11.8M$3.4MHyHyperliquid
AsterUSELESSUSDT10.9%10.9%19.1%30.8%20.5%100%4h04:000.2047$516k$341kAsAster
PolymarketUSELESS-USD10.9%10.9%13.4%16.9%13.8%100%1h04:000.205$55k$199kPmPolymarket
BinanceCEXUSELESSUSDT10.9%13.6%20.6%17.3%21.7%100%4h04:000.205$17.1M$32.1MBnBinance
BybitCEXUSELESSUSDT10.9%13.5%17.1%24.5%17.7%100%4h04:000.2048$16.8M$13.0MByBybit
BitgetCEXUSELESSUSDT10.9%10.9%27.5%27.2%30.2%100%4h04:000.205$4.3M$2.6MBgBitget
GateCEXUSELESS_USDT10.9%19.9%22.1%16.0%22.4%93%4h04:000.2049$26.7M$2.8MGtGate
MEXCCEXUSELESS_USDT10.9%12.8%19.5%21.5%20.7%100%4h04:000.2049$7.2M$4.8MMxMEXC
VariationalUSELESS10.9%11.2%16.2%25.9%17.0%100%4h—0.2045$749k$799kVaVariational
NadoUSELESS-PERP_USDT010.9%10.9%10.9%15.4%10.9%100%1h04:000.2048$32k$2kNaNado
LighterUSELESS10.5%10.5%17.4%21.6%18.6%100%1h04:000.2043$778k$419kLiLighter
Lighter RHUSELESS10.5%13.2%27.5%—29.9%100%1h04:000.2047$23k$132kLrLighter RH

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
PolymarketBitgetCEX0.0%0.0%14.1%10.3%8.9%13.3%5.2dcooling$55k1h/4hinvite onlyPmBgcalc
VariationalBitgetCEX0.0%−0.3%11.3%1.3%8.2%12.3%3.9dcooling$749kspread not incl.VaBgcalc
LighterBitgetCEX0.4%0.4%10.1%5.6%6.9%10.4%4.4dsteady$778k1h/4hLiBgcalc
NadoBitgetCEX0.0%0.0%16.5%11.9%11.6%17.4%4.2dcooling$32klow OI1h/4hNaBgcalc
LighterLighter RH0.0%2.7%10.1%—10.1%15.1%<0.1dcooling$23klow OILiLrcalc
BybitCEXBitgetCEX0.0%−2.6%10.4%2.7%4.4%6.6%8.1dcooling$4.3MByBgcalc
HyperliquidBitgetCEX0.0%−3.9%9.9%−4.9%4.4%6.6%7.8dcooling$4.3M1h/4hHyBgcalc
PolymarketExtended0.4%2.8%7.7%5.7%4.3%6.4%6.2dsteady$55kinvite onlyPmExcalc
MEXCCEXBitgetCEX0.0%−1.8%7.9%5.7%3.8%5.7%7.3dcooling$4.3MMxBgcalc
NadoLighter RH−0.4%2.2%16.6%—14.7%22.1%1.5dmixed$23klow OINaLrcalc
VariationalExtended0.4%2.5%4.9%−3.3%3.6%5.4%3.7dsteady$197k4h/1hspread not incl.VaExcalc
NadoExtended0.4%2.8%10.1%7.3%7.0%10.5%4.3dsteady$32klow OINaExcalc
AsterBitgetCEX0.0%0.0%8.3%−3.6%3.1%4.7%8.7dcooling$516kAsBgcalc
PolymarketLighter RH−0.4%2.2%14.1%—12.0%18.0%2.1dmixed$23klow OIinvite onlyPmLrcalc
PolymarketMEXCCEX0.0%1.8%6.1%4.6%3.0%4.5%7.1dcooling$55k1h/4hinvite onlyPmMxcalc
NadoMEXCCEX0.0%1.8%8.6%6.1%5.7%8.6%4.7dcooling$32klow OI1h/4hNaMxcalc
VariationalLighter RH−0.4%2.0%11.3%—11.3%17.0%<0.1dmixed$23klow OI4h/1hspread not incl.VaLrcalc
NadoGateCEX0.0%9.0%11.1%0.6%5.4%8.1%7.2dcooling$32klow OI1h/4hNaGtcalc
PolymarketGateCEX0.0%9.0%8.7%−1.0%2.7%4.0%9.7dcooling$55k1h/4hinvite onlyPmGtcalc
NadoBinanceCEX0.0%2.7%9.6%4.4%5.2%7.8%6.5dcooling$32klow OI1h/4hNaBncalc
PolymarketBinanceCEX0.0%2.7%7.2%−0.4%2.5%3.7%9.2dcooling$55k1h/4hinvite onlyPmBncalc
LighterExtended0.9%3.2%3.7%1.0%2.4%3.5%5.0dweak$197kLiExcalc
VariationalMEXCCEX0.0%1.6%3.4%−4.4%2.3%3.5%4.3dweak$749kspread not incl.VaMxcalc
NadoAster0.0%0.0%8.2%15.5%4.3%6.4%6.7dcooling$32klow OI1h/4hNaAscalc
VariationalGateCEX0.0%8.7%5.9%−10.0%2.0%3.0%9.3dcooling$749kspread not incl.VaGtcalc
BybitCEXLighter RH−0.4%−0.3%10.5%—7.6%11.4%3.8dmixed$23klow OI4h/1hByLrcalc
HyperliquidLighter RH−0.4%−1.7%9.9%—7.6%11.4%3.3dmixed$23klow OIHyLrcalc
VariationalBinanceCEX0.0%2.4%4.4%0.0%1.8%2.7%8.3dweak$749kspread not incl.VaBncalc
MEXCCEXLighter RH−0.4%0.4%8.0%—6.9%10.4%1.8dmixed$23klow OI4h/1hMxLrcalc
NadoVariational0.0%0.3%5.2%10.6%3.4%5.1%4.9dcooling$32klow OI1h/4hspread not incl.NaVacalc
AsterLighter RH−0.4%2.2%8.4%—6.3%9.4%3.5dmixed$23klow OI4h/1hAsLrcalc
PolymarketAster0.0%0.0%5.7%13.9%1.6%2.3%10dcooling$55k1h/4hinvite onlyPmAscalc
ExtendedLighter RH−0.9%−0.5%6.4%—5.1%7.7%2.8dmixed$23klow OIExLrcalc
NadoHyperliquid0.0%3.9%6.7%16.7%2.5%3.7%8.8dcooling$32klow OINaHycalc
BinanceCEXBitgetCEX0.0%−2.7%6.9%8.3%1.2%1.8%12dcooling$4.3MBnBgcalc
NadoLighter−0.4%−0.4%6.5%6.2%4.7%7.0%3.9dmixed$32klow OINaLicalc
BinanceCEXLighter RH−0.4%−0.5%7.0%—4.3%6.5%5.2dmixed$23klow OI4h/1hBnLrcalc
LighterMEXCCEX0.4%2.3%2.1%−0.1%1.1%1.6%6.9dweak$778k1h/4hLiMxcalc
ExtendedBitgetCEX−0.4%−2.8%6.4%4.6%2.0%2.9%9.7dmixed$197k1h/4hExBgcalc
PolymarketLighter−0.4%−0.4%4.0%4.7%1.9%2.9%7.3dmixed$55kinvite onlyPmLicalc
VariationalAster0.0%−0.3%3.0%4.9%0.9%1.3%9.9dweak$516kspread not incl.VaAscalc
LighterGateCEX0.4%9.4%4.6%−5.6%0.7%1.1%12dweak$778k1h/4hLiGtcalc
NadoBybitCEX0.0%2.6%6.1%9.2%1.4%2.1%11dcooling$32klow OI1h/4hNaBycalc
PolymarketVariational0.0%0.3%2.8%9.0%0.7%1.0%11dweak$55k1h/4hinvite onlyspread not incl.PmVacalc
VariationalLighter−0.4%−0.7%1.3%−4.3%1.3%1.9%<0.1dmixed$749k4h/1hspread not incl.VaLicalc
LighterBinanceCEX0.4%3.1%3.1%−5.2%0.5%0.8%12dweak$778k1h/4hLiBncalc
GateCEXLighter RH−0.4%−6.8%5.5%—1.5%2.3%10dmixed$23klow OI4h/1hGtLrcalc
BybitCEXExtended0.4%0.2%4.0%−1.9%−0.1%−0.2%15dweak$197k4h/1hByExcalc
HyperliquidExtended0.4%−1.1%3.5%−9.5%−0.2%−0.2%15dweak$197kHyExcalc
PolymarketHyperliquid0.0%3.9%4.2%15.2%−0.2%−0.4%15dweak$55kinvite onlyPmHycalc
LighterAster0.4%0.4%1.7%9.2%−0.4%−0.6%17dweak$516k1h/4hLiAscalc
MEXCCEXExtended0.4%0.9%1.6%1.1%−0.8%−1.2%21dweak$197k4h/1hMxExcalc
VariationalHyperliquid0.0%3.6%1.4%6.2%−0.9%−1.4%23dweak$749k4h/1hspread not incl.VaHycalc
LighterVariational0.4%0.7%−1.3%4.3%−1.3%−1.9%—weak$749k1h/4hspread not incl.LiVacalc
PolymarketBybitCEX0.0%2.6%3.7%7.6%−1.3%−1.9%19dweak$55k1h/4hinvite onlyPmBycalc
AsterExtended0.4%2.8%2.0%−8.2%−1.4%−2.2%24dweak$197k4h/1hAsExcalc
BybitCEXMEXCCEX0.0%−0.7%2.5%−3.0%−1.4%−2.2%22dweak$7.2MByMxcalc
HyperliquidMEXCCEX0.0%−2.1%1.9%−10.6%−1.5%−2.2%25dweak$7.2M1h/4hHyMxcalc
GateCEXBitgetCEX0.0%−9.0%5.4%11.3%−1.6%−2.4%18dcooling$4.3MGtBgcalc
BybitCEXGateCEX0.0%6.4%5.0%−8.6%−1.8%−2.7%19dweak$16.8MByGtcalc
HyperliquidGateCEX0.0%5.1%4.5%−16.1%−1.8%−2.7%20dweak$11.8M1h/4hHyGtcalc
VariationalBybitCEX0.0%2.3%0.9%−1.4%−2.0%−3.0%45dweak$749kspread not incl.VaBycalc
BybitCEXBinanceCEX0.0%0.1%3.5%−0.1%−2.0%−3.0%22dweak$16.8MByBncalc
HyperliquidBinanceCEX0.0%−1.2%3.0%−2.1%−2.0%−3.0%23dweak$11.8M1h/4hHyBncalc
LighterHyperliquid0.4%4.3%0.2%10.5%−2.2%−3.3%191dweak$778kLiHycalc
MEXCCEXGateCEX0.0%7.2%2.5%−5.5%−2.4%−3.6%27dweak$7.2MMxGtcalc
MEXCCEXBinanceCEX0.0%0.9%1.0%0.4%−2.6%−3.9%50dweak$7.2MMxBncalc
AsterMEXCCEX0.0%1.8%0.4%−9.3%−2.7%−4.1%110dweak$516kAsMxcalc
BybitCEXAster0.0%−2.6%2.1%6.3%−2.9%−4.3%33dweak$516kByAscalc
HyperliquidAster0.0%−3.9%1.5%−1.3%−2.9%−4.3%40dweak$516k1h/4hHyAscalc
NadoPolymarket0.0%0.0%2.5%1.6%−1.5%−2.2%22dweak$32klow OIinvite onlyNaPmcalc
AsterGateCEX0.0%9.0%2.9%−14.9%−3.1%−4.6%29dweak$516kAsGtcalc
LighterBybitCEX0.4%3.0%−0.4%2.9%−3.2%−4.8%—weak$778k1h/4hLiBycalc
AsterBinanceCEX0.0%2.7%1.4%−3.6%−3.3%−4.9%46dweak$516kAsBncalc
BinanceCEXExtended0.4%0.1%0.5%0.7%−3.4%−5.1%103dweak$197k4h/1hBnExcalc
BybitCEXHyperliquid0.0%1.3%0.5%7.6%−4.7%−7.0%137dweak$11.8M4h/1hByHycalc
BybitCEXLighter−0.4%−3.0%0.4%−2.9%−2.5%−3.8%111dmixed$778k4h/1hByLicalc
BinanceCEXGateCEX0.0%6.3%1.5%−2.2%−5.0%−7.5%61dweak$17.1MBnGtcalc
LighterPolymarket0.4%0.4%−4.0%−4.7%−6.1%−9.2%—weak$55kinvite onlyLiPmcalc
GateCEXExtended0.4%−6.2%−1.0%6.7%−6.2%−9.3%—weak$197k4h/1hGtExcalc
Lighter RHBitgetCEX0.4%−2.2%0.0%—−3.2%−4.7%—weak$23klow OI1h/4hLrBgcalc
ExtendedGateCEX−0.4%6.2%1.0%−6.7%−4.2%−6.4%76dmixed$197k1h/4hExGtcalc
BitgetCEXLighter RH−0.4%2.2%0.0%—−3.1%−4.6%>999dmixed$23klow OI4h/1hBgLrcalc
Lighter RHExtended0.9%0.5%−6.4%—−7.7%−11.6%—weak$23klow OILrExcalc
LighterNado0.4%0.4%−6.5%−6.2%−8.3%−12.5%—weak$32klow OILiNacalc
Lighter RHMEXCCEX0.4%−0.4%−8.0%—−9.0%−13.5%—weak$23klow OI1h/4hLrMxcalc
Lighter RHGateCEX0.4%6.8%−5.5%—−9.4%−14.1%—weak$23klow OI1h/4hLrGtcalc
Lighter RHBinanceCEX0.4%0.5%−7.0%—−9.6%−14.3%—weak$23klow OI1h/4hLrBncalc
Lighter RHAster0.4%−2.2%−8.4%—−10.5%−15.7%—weak$23klow OI1h/4hLrAscalc
BitgetCEXExtended0.4%2.8%−6.4%−4.6%−10.8%−16.2%—mixed$197k4h/1hBgExcalc
Lighter RHVariational0.4%−2.0%−11.3%—−11.3%−17.0%—weak$23klow OI1h/4hspread not incl.LrVacalc
Lighter RHHyperliquid0.4%1.7%−9.9%—−12.3%−18.4%—weak$23klow OILrHycalc
Lighter RHBybitCEX0.4%0.3%−10.5%—−13.3%−20.0%—weak$23klow OI1h/4hLrBycalc
Lighter RHPolymarket0.4%−2.2%−14.1%—−16.2%−24.3%—weak$23klow OIinvite onlyLrPmcalc
Lighter RHNado0.4%−2.2%−16.6%—−18.4%−27.6%—weak$23klow OILrNacalc
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 0.20426, sell on Hyperliquid at 0.20512: 0.420% before fees, 0.330% after taker fees.

USELESS: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Hyperliquid0.20512Bitget0.20504Binance0.20498Polymarket0.20496MEXC0.20495Gate0.20493Nado0.204831Bybit0.20483RWA Perp0.20479Extended0.204754Aster0.204748Lighter RH0.20469Variational0.204499Lighter0.20426
Lighter0.204260.420%0.381%0.352%0.342%0.337%0.327%0.279%0.279%0.259%0.241%0.239%0.210%0.117%—
Variational0.2044990.303%0.264%0.235%0.225%0.220%0.211%0.162%0.162%0.142%0.124%0.122%0.093%—−0.117%
Lighter RH0.204690.210%0.171%0.142%0.132%0.127%0.117%0.069%0.068%0.049%0.031%0.029%—−0.093%−0.210%
Aster0.2047480.181%0.142%0.113%0.103%0.098%0.089%0.041%0.040%0.020%0.003%—−0.029%−0.122%−0.239%
Extended0.2047540.179%0.140%0.111%0.101%0.096%0.086%0.038%0.037%0.018%—−0.003%−0.031%−0.124%−0.241%
RWA Perp0.204790.161%0.122%0.093%0.083%0.078%0.068%0.020%0.020%—−0.018%−0.020%−0.049%−0.142%−0.259%
Bybit0.204830.141%0.102%0.073%0.063%0.059%0.049%0.001%—−0.020%−0.037%−0.040%−0.068%−0.162%−0.279%
Nado0.2048310.141%0.102%0.073%0.063%0.058%0.048%—−0.001%−0.020%−0.038%−0.041%−0.069%−0.162%−0.279%
Gate0.204930.093%0.054%0.024%0.015%0.010%—−0.048%−0.049%−0.068%−0.086%−0.089%−0.117%−0.211%−0.327%
MEXC0.204950.083%0.044%0.015%0.005%—−0.010%−0.058%−0.059%−0.078%−0.096%−0.098%−0.127%−0.220%−0.337%
Polymarket0.204960.078%0.039%0.010%—−0.005%−0.015%−0.063%−0.063%−0.083%−0.101%−0.103%−0.132%−0.225%−0.342%
Binance0.204980.068%0.029%—−0.010%−0.015%−0.024%−0.073%−0.073%−0.093%−0.111%−0.113%−0.142%−0.235%−0.352%
Bitget0.205040.039%—−0.029%−0.039%−0.044%−0.054%−0.102%−0.102%−0.122%−0.140%−0.142%−0.171%−0.264%−0.381%
Hyperliquid0.20512—−0.039%−0.068%−0.078%−0.083%−0.093%−0.141%−0.141%−0.161%−0.179%−0.181%−0.210%−0.303%−0.420%
All quotes (14)
VenueBidAskQualityAgeVol 24hFlags
Aster0.2047480.204748mark3m$341kno FX
BinanceCEX0.204980.20498mark3m$32.1Mno FX
BitgetCEX0.205040.20504mark3m$2.6Mno FX
BybitCEX0.204830.20483mark3m$13.0Mno FX
Extended0.2047540.204754mark3m$676k
GateCEX0.204930.20493mark3m$2.8Mno FX
Hyperliquid0.205120.20512mark3m$3.4M
Lighter0.204260.20426mark3m$419k
MEXCCEX0.204950.20495mark3m$4.8Mno FX
Nado0.2048310.204831mark3m$2kno FX
Polymarket0.204960.20496mark3m$199k
Lighter RH0.204690.20469mark3m$132k
RWA Perp0.204790.20479mark3m$28k
Variational0.2044990.204499mark3m$799k

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

↗ buttons open the exchange; some are referral links and we may earn a commission at no extra cost to you.