VVV funding rates

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

· refreshed every 5 min

Best pair · 7d
23.2%long Gate, short Hyperliquid · net 17.0%
Highest funding now
32.3%RISEx
Lowest funding now
−10.7%GateCEX
Listed on
14 venues

Funding by venue

7d chartFlagsOpen
RISExVVV/USDC32.3%19.6%13.3%33.9%12.2%63%1h04:0024.83$461k$599kRxRISEx
HyperliquidVVV10.9%15.0%23.5%20.2%25.0%100%1h—24.87$80.3M$21.0MHyHyperliquid
AsterVVVUSDT10.9%10.9%14.9%13.5%15.6%95%4h04:0024.83$116k$119kAsAster
BybitCEXVVVUSDT10.9%10.9%17.8%11.1%19.0%79%4h04:0024.86$29.8M$14.1MByBybit
BitgetCEXVVVUSDT10.9%10.9%10.9%10.8%10.9%100%4h04:0024.87$4.0M$1.8MBgBitget
VariationalVVV10.9%10.9%15.3%10.8%16.0%83%4h—24.74$1.9M$848kVaVariational
NadoVVV-PERP_USDT010.9%11.0%9.9%10.7%9.7%98%1h04:0024.85$181k$34kNaNado
MEXCCEXVVV_USDT10.5%10.9%14.5%13.4%15.1%93%4h04:0024.84$3.2M$3.9MMxMEXC
LighterVVV10.5%15.1%13.2%22.0%12.8%97%1h04:0024.80$1.8M$2.6MLiLighter
ExtendedVVV-USD9.6%11.3%14.8%13.8%15.4%95%1h04:0024.81$238k$806kExExtended
BinanceCEXVVVUSDT8.9%10.9%14.1%13.5%14.7%94%4h04:0024.86$24.5M$33.7MBnBinance
Lighter RHVVV−1.8%8.2%6.5%21.6%6.2%85%1h04:0024.75$362k$507kLrLighter RH
PolymarketVVV-USD−9.2%0.8%12.2%10.1%14.1%92%1h04:0024.84$10k$208kPmPolymarket
GateCEXVVV_USDT−10.7%−6.4%0.3%4.7%1.4%60%4h04:0024.85$63.1M$2.9MGtGate

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
GateCEXHyperliquid21.7%21.4%23.2%15.5%17.0%25.5%3.8dsteady$63.1M4h/1hGtHycalc
Lighter RHHyperliquid12.7%6.8%17.1%0.2%14.7%22.1%1.9dsteady$362kLrHycalc
GateCEXVariational21.7%17.3%15.0%6.1%11.0%16.6%3.7dsteady$1.9Mspread not incl.GtVacalc
GateCEXBybitCEX21.7%17.3%17.5%6.4%10.7%16.1%5.4dsteady$29.8MGtBycalc
GateCEXExtended20.4%17.7%14.5%9.2%9.3%13.9%5.0dsteady$238k4h/1hGtExcalc
GateCEXMEXCCEX21.2%17.3%14.2%8.7%9.3%13.9%4.9dsteady$3.2MGtMxcalc
GateCEXLighter21.2%21.5%12.8%17.3%8.9%13.4%4.3dsteady$1.8M4h/1hGtLicalc
Lighter RHVariational12.7%2.8%8.8%−10.2%8.8%13.2%<0.1dsteady$362k1h/4hspread not incl.LrVacalc
GateCEXAster21.7%17.3%14.6%8.8%8.6%13.0%5.7dsteady$116kGtAscalc
Lighter RHBybitCEX12.7%2.8%11.4%−9.6%8.5%12.7%3.5dsteady$362k1h/4hLrBycalc
LighterHyperliquid0.4%−0.1%10.4%−1.8%8.0%12.1%3.2dcooling$1.8MLiHycalc
GateCEXRISEx43.1%26.0%13.0%29.2%7.5%11.3%5.9dsteady$461k4h/1hGtRxcalc
GateCEXBinanceCEX19.7%17.3%13.8%9.3%7.3%11.0%6.6dsteady$24.5MGtBncalc
BitgetCEXHyperliquid0.0%4.1%12.6%9.4%7.1%10.7%6.1dcooling$4.0M4h/1hBgHycalc
Lighter RHExtended11.4%3.1%8.3%−7.2%7.0%10.5%2.2dsteady$238kLrExcalc
Lighter RHMEXCCEX12.3%2.8%8.0%−7.7%7.0%10.5%1.8dsteady$362k1h/4hLrMxcalc
Lighter RHLighter12.3%6.9%6.7%1.0%6.7%10.0%<0.1dsteady$362kLrLicalc
Lighter RHAster12.7%2.8%8.5%−7.9%6.4%9.6%3.4dsteady$116k1h/4hLrAscalc
RISExHyperliquid−21.4%−4.6%10.3%−13.6%6.3%9.5%5.3dcooling$461kRxHycalc
VariationalHyperliquid0.0%4.1%8.3%9.5%5.9%8.9%4.0dcooling$1.9M4h/1hspread not incl.VaHycalc
MEXCCEXHyperliquid0.4%4.1%9.0%6.8%5.6%8.5%5.3dsteady$3.2M4h/1hMxHycalc
Lighter RHBinanceCEX10.7%2.7%7.7%−7.8%5.0%7.6%4.8dsteady$362k1h/4hLrBncalc
NadoHyperliquid0.0%4.1%13.7%9.6%9.5%14.2%4.3dmixed$181kNaHycalc
BinanceCEXHyperliquid2.0%4.1%9.4%8.1%4.5%6.7%7.4dsteady$24.5M4h/1hBnHycalc
AsterHyperliquid0.0%4.1%8.6%6.7%4.2%6.3%7.2dcooling$116k4h/1hAsHycalc
GateCEXNado21.7%17.3%9.6%6.0%3.8%5.8%8.4dsteady$181k4h/1hGtNacalc
GateCEXBitgetCEX21.7%17.3%10.6%6.1%3.6%5.4%9.3dsteady$4.0MGtBgcalc
PolymarketHyperliquid20.2%14.2%11.4%10.1%6.9%10.4%5.5dsteady$10klow OIinvite onlyPmHycalc
GateCEXPolymarket1.5%7.2%11.9%5.4%5.9%8.8%7.1dsteady$10klow OI4h/1hinvite onlyGtPmcalc
Lighter RHRISEx34.1%11.4%6.8%9.6%5.3%7.9%3.2dsteady$362kLrRxcalc
ExtendedHyperliquid1.3%3.7%8.7%6.4%5.1%7.6%5.8dsteady$238kExHycalc
GateCEXLighter RH9.0%14.6%6.2%16.8%2.3%3.4%8.9dweak$362k4h/1hGtLrcalc
LighterVariational0.4%−4.2%2.1%−11.2%2.1%3.2%<0.1dweak$1.8M1h/4hspread not incl.LiVacalc
Lighter RHPolymarket−7.5%−7.4%5.7%−10.7%3.6%5.4%5.1dcooling$10klow OIinvite onlyLrPmcalc
LighterBybitCEX0.4%−4.2%4.7%−10.9%1.8%2.7%8.6dcooling$1.8M1h/4hLiBycalc
NadoExtended−1.3%0.4%4.9%3.2%1.8%2.7%8.9dcooling$181kNaExcalc
NadoVariational0.0%0.0%5.4%0.1%3.5%5.3%4.8dmixed$181k1h/4hspread not incl.NaVacalc
NadoBybitCEX0.0%0.0%7.9%0.5%3.3%4.9%8.3dmixed$181k1h/4hNaBycalc
Lighter RHNado12.7%2.8%3.4%−11.0%1.6%2.4%7.5dweak$181kLrNacalc
Lighter RHBitgetCEX12.7%2.8%4.5%−10.8%1.4%2.0%9.8dweak$362k1h/4hLrBgcalc
BitgetCEXVariational0.0%0.0%4.3%0.0%1.2%1.8%10dcooling$1.9Mspread not incl.BgVacalc
BitgetCEXBybitCEX0.0%0.0%6.9%0.3%0.9%1.3%12dcooling$4.0MBgBycalc
NadoMEXCCEX−0.4%0.0%4.6%2.7%1.8%2.6%8.7dmixed$181k1h/4hNaMxcalc
NadoLighter−0.4%4.2%3.3%11.3%1.4%2.2%7.8dmixed$181kNaLicalc
NadoAster0.0%0.0%5.1%2.8%1.2%1.7%11dmixed$116k1h/4hNaAscalc
BybitCEXHyperliquid0.0%4.1%5.7%9.1%0.5%0.8%13dcooling$29.8M4h/1hByHycalc
PolymarketVariational20.2%10.1%3.1%0.7%1.0%1.5%9.5dweak$10klow OI1h/4hinvite onlyspread not incl.PmVacalc
LighterExtended−0.9%−3.8%1.7%−8.2%0.3%0.5%11dweak$238kLiExcalc
PolymarketBybitCEX20.2%10.1%5.6%1.0%0.7%1.0%12dweak$10klow OI1h/4hinvite onlyPmBycalc
LighterMEXCCEX0.0%−4.2%1.4%−8.6%0.3%0.5%11dweak$1.8M1h/4hLiMxcalc
RISExVariational−21.4%−8.7%2.0%−23.1%0.4%0.6%11dmixed$461k1h/4hspread not incl.RxVacalc
RISExBybitCEX−21.4%−8.7%4.5%−22.7%0.1%0.2%14dmixed$461k1h/4hRxBycalc
NadoRISEx21.4%8.6%3.4%23.2%0.0%0.0%14dmixed$181kNaRxcalc
VariationalBybitCEX0.0%0.0%2.6%0.3%−0.3%−0.4%16dweak$1.9Mspread not incl.VaBycalc
LighterAster0.4%−4.2%1.8%−8.5%−0.3%−0.4%16dweak$116k1h/4hLiAscalc
MEXCCEXVariational0.4%0.0%0.7%−2.6%−0.3%−0.4%20dweak$1.9Mspread not incl.MxVacalc
NadoBinanceCEX−2.0%−0.1%4.2%2.9%−0.2%−0.3%15dmixed$181k1h/4hNaBncalc
BitgetCEXExtended−1.3%0.4%3.9%3.0%−0.6%−0.9%16dweak$238k4h/1hBgExcalc
MEXCCEXBybitCEX0.4%0.0%3.3%−2.3%−0.6%−0.9%16dweak$3.2MMxBycalc
BitgetCEXMEXCCEX−0.4%0.0%3.6%2.6%−0.6%−0.9%16dweak$3.2MBgMxcalc
BitgetCEXAster0.0%0.0%4.0%2.7%−1.2%−1.8%18dweak$116kBgAscalc
BinanceCEXVariational2.0%0.1%1.1%−2.5%−1.5%−2.2%32dweak$1.9Mspread not incl.BnVacalc
PolymarketExtended18.9%10.5%2.6%3.7%−0.8%−1.2%18dweak$10klow OIinvite onlyPmExcalc
PolymarketMEXCCEX19.7%10.1%2.3%3.3%−0.8%−1.2%19dweak$10klow OI1h/4hinvite onlyPmMxcalc
LighterBinanceCEX−1.6%−4.2%1.0%−7.7%−1.6%−2.5%38dweak$1.8M1h/4hLiBncalc
ExtendedVariational1.3%−0.4%0.4%−3.1%−0.9%−1.3%41dmixed$238k1h/4hspread not incl.ExVacalc
BinanceCEXBybitCEX2.0%0.1%3.7%−2.1%−1.8%−2.7%21dweak$24.5MBnBycalc
AsterVariational0.0%0.0%0.3%−2.7%−1.8%−2.7%94dweak$116kspread not incl.AsVacalc
BitgetCEXLighter−0.4%4.2%2.2%11.2%−0.9%−1.4%20dmixed$1.8M4h/1hBgLicalc
MEXCCEXExtended−0.9%0.4%0.3%0.4%−2.0%−3.1%111dweak$238k4h/1hMxExcalc
AsterBybitCEX0.0%0.0%2.9%−2.4%−2.1%−3.1%24dweak$116kAsBycalc
ExtendedBybitCEX1.3%−0.4%3.0%−2.7%−1.1%−1.7%19dmixed$238k1h/4hExBycalc
BitgetCEXBinanceCEX−2.0%−0.1%3.2%2.7%−2.6%−3.8%25dweak$4.0MBgBncalc
MEXCCEXAster0.4%0.0%0.4%0.1%−2.7%−4.0%101dweak$116kMxAscalc
RISExExtended−22.7%−8.3%1.5%−20.0%−1.4%−2.0%26dmixed$238kRxExcalc
RISExMEXCCEX−21.8%−8.7%1.2%−20.5%−1.4%−2.1%30dmixed$461k1h/4hRxMxcalc
PolymarketAster20.2%10.1%2.8%3.4%−1.4%−2.1%21dweak$10klow OI1h/4hinvite onlyPmAscalc
LighterRISEx21.8%4.5%0.1%11.9%−1.4%−2.1%163dmixed$461kLiRxcalc
BinanceCEXExtended0.7%0.4%0.7%0.4%−3.2%−4.8%81dweak$238k4h/1hBnExcalc
BinanceCEXMEXCCEX1.6%0.1%0.4%0.1%−3.3%−4.9%134dweak$3.2MBnMxcalc
BinanceCEXAster2.0%0.1%0.8%0.4%−3.9%−5.8%80dweak$116kBnAscalc
RISExAster−21.4%−8.7%1.7%−20.4%−2.0%−3.0%31dmixed$116k1h/4hRxAscalc
PolymarketLighter19.7%14.3%1.0%11.9%−1.1%−1.7%30dmixed$10klow OIinvite onlyPmLicalc
BitgetCEXRISEx21.4%8.7%2.3%23.0%−2.4%−3.5%28dmixed$461k4h/1hBgRxcalc
LighterNado0.4%−4.2%−3.3%−11.3%−5.1%−7.6%—weak$181kLiNacalc
ExtendedMEXCCEX0.9%−0.4%−0.3%−0.4%−2.6%−4.0%—mixed$238k1h/4hExMxcalc
LighterBitgetCEX0.4%−4.2%−2.2%−11.2%−5.3%−8.0%—weak$1.8M1h/4hLiBgcalc
PolymarketBinanceCEX18.1%10.1%1.9%3.8%−2.8%−4.1%34dweak$10klow OI1h/4hinvite onlyPmBncalc
ExtendedLighter0.9%3.8%−1.7%8.2%−3.0%−4.4%—mixed$238kExLicalc
NadoPolymarket−20.2%−10.1%2.3%−0.6%−1.6%−2.4%24dmixed$10klow OIinvite onlyNaPmcalc
ExtendedAster1.3%−0.4%0.1%−0.3%−3.3%−4.9%341dmixed$116k1h/4hExAscalc
RISExBinanceCEX−23.4%−8.7%0.8%−18.7%−3.3%−5.0%70dmixed$461k1h/4hRxBncalc
VariationalRISEx21.4%8.7%−2.0%23.1%−3.5%−5.3%—mixed$461k4h/1hspread not incl.VaRxcalc
BinanceCEXLighter1.6%4.2%−1.0%7.7%−3.6%−5.4%—mixed$1.8M4h/1hBnLicalc
MEXCCEXRISEx21.8%8.7%−1.2%20.5%−3.8%−5.7%—mixed$461k4h/1hMxRxcalc
MEXCCEXBitgetCEX0.4%0.0%−3.6%−2.6%−7.7%−11.6%—weak$3.2MMxBgcalc
NadoBitgetCEX0.0%0.0%1.1%0.2%−3.9%−5.8%65dmixed$181k1h/4hNaBgcalc
BitgetCEXPolymarket−20.2%−10.1%1.2%−0.7%−4.0%−6.0%59dweak$10klow OI4h/1hinvite onlyBgPmcalc
ExtendedRISEx22.7%8.3%−1.5%20.0%−4.4%−6.6%—mixed$238kExRxcalc
BinanceCEXBitgetCEX2.0%0.1%−3.2%−2.7%−8.9%−13.4%—weak$4.0MBnBgcalc
BinanceCEXRISEx23.4%8.7%−0.8%18.7%−5.0%−7.5%—mixed$461k4h/1hBnRxcalc
AsterRISEx21.4%8.7%−1.7%20.4%−5.3%−8.0%—mixed$116k4h/1hAsRxcalc
PolymarketBitgetCEX20.2%10.1%−1.2%0.7%−6.4%−9.7%—weak$10klow OI1h/4hinvite onlyPmBgcalc
MEXCCEXNado0.4%0.0%−4.6%−2.7%−7.5%−11.2%—mixed$181k4h/1hMxNacalc
ExtendedNado1.3%−0.4%−4.9%−3.2%−8.1%−12.1%—mixed$181kExNacalc
ExtendedBitgetCEX1.3%−0.4%−3.9%−3.0%−8.3%−12.4%—mixed$238k1h/4hExBgcalc
BinanceCEXNado2.0%0.1%−4.2%−2.9%−8.7%−13.0%—mixed$181k4h/1hBnNacalc
BybitCEXRISEx21.4%8.7%−4.5%22.7%−9.0%−13.5%—mixed$461k4h/1hByRxcalc
PolymarketRISEx41.5%18.8%1.1%23.8%−2.5%−3.8%46dspike$10klow OIinvite onlyPmRxcalc
PolymarketNado20.2%10.1%−2.3%0.6%−6.2%−9.3%—mixed$10klow OIinvite onlyPmNacalc
HyperliquidRISEx21.4%4.6%−10.3%13.6%−14.2%−21.3%—mixed$461kHyRxcalc
PolymarketLighter RH7.5%7.4%−5.7%10.7%−7.8%−11.7%—mixed$10klow OIinvite onlyPmLrcalc
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 03:56 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 Variational at 24.7377, sell on Bitget at 24.87: 0.534% before fees, 0.414% after taker fees.

VVV: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Bitget24.87Hyperliquid24.866Binance24.8633Bybit24.858Nado24.8515Gate24.85Polymarket24.845MEXC24.841RISEx24.8341Aster24.83Extended24.8128Lighter24.8035Lighter RH24.7455Variational24.7377
Variational24.73770.534%0.517%0.506%0.485%0.459%0.453%0.433%0.417%0.389%0.373%0.303%0.266%0.032%—
Lighter RH24.74550.502%0.486%0.475%0.454%0.427%0.421%0.401%0.385%0.357%0.341%0.272%0.234%—−0.032%
Lighter24.80350.268%0.252%0.241%0.219%0.193%0.187%0.167%0.151%0.123%0.107%0.038%—−0.234%−0.266%
Extended24.81280.230%0.214%0.203%0.182%0.156%0.150%0.130%0.114%0.086%0.069%—−0.038%−0.272%−0.303%
Aster24.830.161%0.145%0.134%0.113%0.086%0.081%0.060%0.044%0.017%—−0.069%−0.107%−0.341%−0.373%
RISEx24.83410.144%0.128%0.117%0.096%0.070%0.064%0.044%0.028%—−0.017%−0.086%−0.123%−0.357%−0.389%
MEXC24.8410.117%0.101%0.090%0.068%0.042%0.036%0.016%—−0.028%−0.044%−0.114%−0.151%−0.385%−0.417%
Polymarket24.8450.101%0.084%0.073%0.052%0.026%0.020%—−0.016%−0.044%−0.060%−0.130%−0.167%−0.401%−0.433%
Gate24.850.080%0.064%0.053%0.032%0.006%—−0.020%−0.036%−0.064%−0.081%−0.150%−0.187%−0.421%−0.453%
Nado24.85150.075%0.059%0.048%0.026%—−0.006%−0.026%−0.042%−0.070%−0.086%−0.156%−0.193%−0.427%−0.459%
Bybit24.8580.048%0.032%0.021%—−0.026%−0.032%−0.052%−0.068%−0.096%−0.113%−0.182%−0.219%−0.454%−0.485%
Binance24.86330.027%0.011%—−0.021%−0.048%−0.053%−0.073%−0.090%−0.117%−0.134%−0.203%−0.241%−0.475%−0.506%
Hyperliquid24.8660.016%—−0.011%−0.032%−0.059%−0.064%−0.084%−0.101%−0.128%−0.145%−0.214%−0.252%−0.486%−0.517%
Bitget24.87—−0.016%−0.027%−0.048%−0.075%−0.080%−0.101%−0.117%−0.144%−0.161%−0.230%−0.268%−0.502%−0.534%
All quotes (14)
VenueBidAskQualityAgeVol 24hFlags
Aster24.8324.83mark4m$119kno FX
BinanceCEX24.863324.8633mark3m$33.7Mno FX
BitgetCEX24.8724.87mark3m$1.8Mno FX
BybitCEX24.85824.858mark3m$14.1Mno FX
Extended24.812824.8128mark4m$806k
GateCEX24.8524.85mark3m$2.9Mno FX
Hyperliquid24.86624.866mark4m$21.0M
Lighter24.803524.8035mark4m$2.6M
MEXCCEX24.84124.841mark4m$3.9Mno FX
Nado24.851524.8515mark4m$34kno FX
Polymarket24.84524.845mark4m$208k
Lighter RH24.745524.7455mark4m$507k
RISEx24.834124.8341mark4m$599k
Variational24.737724.7377mark4m$848k

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

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