W funding rates
W perpetual funding across 9 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 26.0%long GRVT, short Hyperliquid · net 21.3%
- Highest funding now
- 588%HyHyperliquid
- Lowest funding now
- 5.9%GrGRVT
- Listed on
- 9 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HyHyperliquid | W | 588% | 53.0% | 17.0% | 12.7% | 10.9% | 100% | 1h | — | 0.02944 | $31.2M | $24.3M | HyHyperliquid | ||
| ExExtended | W-USD | 11.4% | 1.8% | 8.2% | 8.1% | 9.2% | 88% | 1h | 04:00 | 0.0292 | $64k | $319k | ExExtended | ||
| BnBinanceCEX | WUSDT | 10.9% | 1.3% | 8.0% | 7.3% | 9.1% | 90% | 4h | 04:00 | 0.02958 | $24.0M | $172.1M | BnBinance | ||
| ByBybitCEX | WUSDT | 10.9% | 6.3% | 10.3% | 7.8% | 10.9% | 98% | 4h | 04:00 | 0.0295 | $18.6M | $42.7M | ByBybit | ||
| BgBitgetCEX | WUSDT | 10.9% | 10.9% | 10.9% | 10.5% | 10.9% | 100% | 4h | 04:00 | 0.02953 | $4.4M | $20.8M | BgBitget | ||
| GtGateCEX | W_USDT | 10.9% | −8.1% | 2.9% | −1.7% | 4.7% | 72% | 4h | 04:00 | 0.02957 | $2.5M | $9.5M | GtGate | ||
| VaVariational | W | 10.9% | 8.9% | 10.7% | 8.8% | 10.9% | 99% | 4h | — | 0.02875 | $1.6M | $884k | VaVariational | ||
| MxMEXCCEX | W_USDT | 9.9% | 0.7% | 7.8% | 7.9% | 9.0% | 90% | 4h | 04:00 | 0.02918 | $13.2M | $15.1M | MxMEXC | ||
| GrGRVT | W_USDT_Perp | 5.9% | −28.0% | −9.0% | 6.1% | −5.9% | 42% | 4h | 04:00 | 0.02917 | $301k | $562k | GrGRVT |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| GrGRVT | VaVariational | 5.0% | 36.9% | 19.7% | 2.7% | 17.3% | 26.0% | 1.7d | steady | $301k | spread not incl. | GrVa | calc | |
| GrGRVT | BgBitgetCEX | 5.0% | 38.9% | 19.9% | 4.4% | 14.4% | 21.7% | 3.8d | steady | $301k | GrBg | calc | ||
| GrGRVT | ByBybitCEX | 5.0% | 34.3% | 19.3% | 1.7% | 14.1% | 21.1% | 3.8d | steady | $301k | GrBy | calc | ||
| GrGRVT | ExExtended | 5.5% | 29.8% | 17.2% | 2.0% | 13.5% | 20.3% | 3.0d | steady | $64k | 4h/1h | GrEx | calc | |
| GrGRVT | MxMEXCCEX | 3.9% | 28.7% | 16.8% | 1.8% | 13.4% | 20.1% | 2.8d | steady | $301k | GrMx | calc | ||
| GrGRVT | BnBinanceCEX | 5.0% | 29.3% | 17.0% | 3.2% | 12.0% | 18.0% | 4.1d | steady | $301k | GrBn | calc | ||
| GrGRVT | HyHyperliquid | 582% | 81.0% | 26.0% | 6.6% | 21.3% | 31.9% | 2.5d | spike ×4.8 | $301k | 4h/1h | GrHy | calc | |
| GrGRVT | GtGateCEX | 5.0% | 19.9% | 11.9% | −7.8% | 5.6% | 8.5% | 7.4d | steady | $301k | GrGt | calc | ||
| GtGateCEX | HyHyperliquid | 577% | 61.1% | 14.1% | 14.4% | 7.8% | 11.7% | 6.2d | spike ×9.8 | $2.5M | 4h/1h | GtHy | calc | |
| MxMEXCCEX | HyHyperliquid | 578% | 52.3% | 9.2% | 4.8% | 5.8% | 8.6% | 5.2d | spike ×26.7 | $13.2M | 4h/1h | MxHy | calc | |
| BnBinanceCEX | HyHyperliquid | 577% | 51.7% | 9.0% | 4.7% | 4.0% | 6.1% | 7.7d | spike ×27.5 | $24.0M | 4h/1h | BnHy | calc | |
| MxMEXCCEX | VaVariational | 1.1% | 8.2% | 2.9% | 0.9% | 1.8% | 2.7% | 5.1d | weak | $1.6M | spread not incl. | MxVa | calc | |
| ExExtended | HyHyperliquid | 576% | 51.2% | 8.8% | 4.7% | 5.2% | 7.7% | 5.8d | spike ×29.5 | $64k | ExHy | calc | ||
| ByBybitCEX | HyHyperliquid | 577% | 46.7% | 6.7% | 5.0% | 1.5% | 2.2% | 11d | spike | $18.6M | 4h/1h | ByHy | calc | |
| GtGateCEX | ByBybitCEX | 0.0% | 14.4% | 7.4% | 9.4% | 0.6% | 0.9% | 13d | cooling | $2.5M | GtBy | calc | ||
| ExExtended | VaVariational | −0.4% | 7.1% | 2.5% | 0.7% | 1.2% | 1.8% | 7.3d | mixed | $64k | 1h/4hspread not incl. | ExVa | calc | |
| GtGateCEX | BgBitgetCEX | 0.0% | 19.0% | 8.0% | 12.2% | 1.0% | 1.5% | 12d | spike ×3.1 | $2.5M | GtBg | calc | ||
| GtGateCEX | VaVariational | 0.0% | 17.0% | 7.8% | 10.5% | 3.9% | 5.8% | 7.0d | cooling | $1.6M | ≠ asset?spread not incl. | GtVa | calc | |
| BgBitgetCEX | HyHyperliquid | 577% | 42.1% | 6.1% | 2.2% | 0.6% | 0.9% | 13d | spike ×864.9 | $4.4M | 4h/1h | BgHy | calc | |
| VaVariational | HyHyperliquid | 577% | 44.1% | 6.3% | 3.9% | 4.0% | 5.9% | 5.2d | spike | $1.6M | ≠ asset?4h/1hspread not incl. | VaHy | calc | |
| GtGateCEX | ExExtended | 0.4% | 9.9% | 5.3% | 9.7% | 0.0% | 0.1% | 14d | weak | $64k | 4h/1h | GtEx | calc | |
| BnBinanceCEX | VaVariational | 0.0% | 7.6% | 2.7% | 0.9% | 0.1% | 0.1% | 14d | weak | $1.6M | ≠ asset?spread not incl. | BnVa | calc | |
| GtGateCEX | MxMEXCCEX | −1.1% | 8.8% | 4.9% | 9.6% | 0.0% | −0.1% | 14d | weak | $2.5M | GtMx | calc | ||
| MxMEXCCEX | BgBitgetCEX | 1.1% | 10.2% | 3.1% | 2.6% | −1.1% | −1.6% | 19d | weak | $4.4M | MxBg | calc | ||
| MxMEXCCEX | ByBybitCEX | 1.1% | 5.6% | 2.5% | −0.2% | −1.4% | −2.1% | 22d | weak | $13.2M | MxBy | calc | ||
| GtGateCEX | BnBinanceCEX | 0.0% | 9.4% | 5.1% | 10.6% | −1.5% | −2.2% | 18d | weak | $2.5M | GtBn | calc | ||
| MxMEXCCEX | ExExtended | 1.5% | 1.1% | 0.4% | 0.1% | −2.0% | −3.0% | 93d | weak | $64k | 4h/1h | MxEx | calc | |
| BnBinanceCEX | BgBitgetCEX | 0.0% | 9.6% | 2.9% | 3.1% | −2.8% | −4.2% | 27d | weak | $4.4M | BnBg | calc | ||
| BnBinanceCEX | ByBybitCEX | 0.0% | 5.0% | 2.3% | −0.3% | −3.2% | −4.7% | 33d | weak | $18.6M | BnBy | calc | ||
| ExExtended | BgBitgetCEX | −0.4% | 9.1% | 2.7% | 2.5% | −1.7% | −2.5% | 23d | mixed | $64k | 1h/4h | ExBg | calc | |
| MxMEXCCEX | BnBinanceCEX | 1.1% | 0.6% | 0.2% | 0.1% | −3.5% | −5.2% | 329d | weak | $13.2M | MxBn | calc | ||
| BnBinanceCEX | ExExtended | 0.4% | 0.5% | 0.2% | 0.2% | −3.7% | −5.6% | 279d | weak | $64k | 4h/1h | BnEx | calc | |
| VaVariational | ExExtended | 0.4% | −7.1% | −2.5% | −0.7% | −3.8% | −5.7% | — | weak | $64k | 4h/1hspread not incl. | VaEx | calc | |
| ExExtended | ByBybitCEX | −0.4% | 4.5% | 2.1% | −0.3% | −2.0% | −3.1% | 27d | mixed | $64k | 1h/4h | ExBy | calc | |
| ByBybitCEX | BgBitgetCEX | 0.0% | 4.6% | 0.6% | 2.8% | −5.4% | −8.1% | 135d | weak | $4.4M | ByBg | calc | ||
| ByBybitCEX | ExExtended | 0.4% | −4.5% | −2.1% | 0.3% | −6.3% | −9.4% | — | weak | $64k | 4h/1h | ByEx | calc | |
| BgBitgetCEX | ExExtended | 0.4% | −9.1% | −2.7% | −2.5% | −7.2% | −10.8% | — | weak | $64k | 4h/1h | BgEx | calc | |
| MxMEXCCEX | GtGateCEX | 1.1% | −8.8% | −4.9% | −9.6% | −9.9% | −14.8% | — | weak | $2.5M | MxGt | calc | ||
| ByBybitCEX | VaVariational | 0.0% | 2.6% | 0.4% | 1.0% | −2.5% | −3.7% | 106d | weak | $1.6M | ≠ asset?spread not incl. | ByVa | calc | |
| VaVariational | BgBitgetCEX | 0.0% | 2.0% | 0.2% | 1.7% | −2.9% | −4.3% | 181d | weak | $1.6M | ≠ asset?spread not incl. | VaBg | 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 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.
| Buy ↓ · Sell → | MxMEXC0.029179 |
|---|---|
| MxMEXC0.029179 | — |
All quotes (9)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| MxMEXCCEX | 0.029179 | 0.029179 | mark | 6m | $15.1M | no FX |
| BnBinanceCEX | 0.029576 | 0.029576 | mark | 10m | $172.1M | staleno FX |
| BgBitgetCEX | 0.02953 | 0.02953 | mark | 10m | $20.8M | staleno FX |
| ByBybitCEX | 0.029496 | 0.029496 | mark | 10m | $42.7M | staleno FX |
| ExExtended | 0.0291951 | 0.0291951 | mark | 10m | $319k | stale |
| GtGateCEX | 0.029566 | 0.029566 | mark | 10m | $9.5M | staleno FX |
| GrGRVT | 0.029172 | 0.029172 | mark | 10m | $562k | staleno FX |
| HyHyperliquid | 0.02944 | 0.02944 | mark | 10m | $24.3M | stale |
| VaVariational | 0.0287472 | 0.0287472 | mark | 10m | $884k | stale |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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