WEN funding rates

WEN perpetual funding across 4 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-13 07:06 UTC · refreshed every 5 min

Best pair · 7d: 7.0%long Gate, short Bitget · net 0.0%
Highest funding now: 3.5%Lighter
Lowest funding now: 0.0%Variational
Listed on: 4 venues

Funding by venue

													Flags	Open
Lighter	WEN	3.5%	11.1%	4.7%	4.9%	3.6%	99%	1h	08:00	6.30	$10k	$52	TradFi	LiLighter
Variational	WEN	0.0%	8.1%	3.3%	2.9%	2.5%	14%	8h	—	6.29	$38k	$63k	TradFi	VaVariational
BitgetCEX	WENUSDT	0.0%	16.9%	7.0%	4.7%	5.4%	21%	8h	08:00	6.29	$408k	$78k	TradFi	BgBitget
GateCEX	WEN_USDT	0.0%	0.0%	0.0%	−5.8%	0.0%	0%	8h	08:00	6.30	$234k	$614	TradFi	GtGate

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
Variational	Lighter	3.5%	3.1%	1.4%	2.0%	1.4%	2.1%	<0.1d	weak	$10k	low OI8h/1hTradFispread not incl.	Va Li	calc
GateCEX	Lighter	3.5%	11.1%	4.7%	10.7%	0.7%	1.1%	12d	weak	$10k	low OI8h/1hTradFi	Gt Li	calc
Variational	BitgetCEX	0.0%	8.9%	3.8%	1.8%	0.6%	0.9%	12d	weak	$38k	low OITradFispread not incl.	Va Bg	calc
GateCEX	BitgetCEX	0.0%	16.9%	7.0%	10.5%	0.0%	0.0%	14d	spike ×3.1	$234k	TradFi	Gt Bg	calc
GateCEX	Variational	0.0%	8.1%	3.3%	8.7%	−0.6%	−1.0%	17d	weak	$38k	low OITradFispread not incl.	Gt Va	calc
Lighter	BitgetCEX	−3.5%	5.8%	2.4%	−0.2%	−0.8%	−1.1%	18d	mixed	$10k	low OI1h/8hTradFi	Li Bg	calc
BitgetCEX	Lighter	3.5%	−5.8%	−2.4%	0.2%	−5.5%	−8.3%	—	weak	$10k	low OI8h/1hTradFi	Bg Li	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: New: less than a week of shared history, or under 4 days of it in the prior week: stability cannot be judged yet, and the score is lowered.
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.
incomplete: Incomplete history (a gap in a venue's data): N of the last 168 hours on both venues. Never steady, ranked lower.
≠ 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.

Quotes as of 07:13:25 UTC

WEN · TradFi

No two venues give a usable spread right now. 24h max: 0.647%.

WEN: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Bybit6.29673	Binance6.28874	Variational6.28652	Bitget6.28474	MEXC6.28075	Lighter6.2758	Gate6.27575
Gate6.27775	0.302%	0.175%	0.140%	0.111%	0.048%	−0.031%	−0.032%
Bitget6.28774	0.143%	0.016%	−0.019%	−0.048%	−0.111%	−0.190%	−0.191%
Binance6.28974	0.111%	−0.016%	−0.051%	−0.079%	−0.143%	−0.222%	−0.223%
Variational6.29604	0.011%	−0.116%	−0.151%	−0.180%	−0.243%	−0.322%	−0.323%
Bybit6.29773	−0.016%	−0.143%	−0.178%	−0.206%	−0.270%	−0.349%	−0.350%
MEXC6.29872	−0.032%	−0.159%	−0.194%	−0.222%	−0.286%	−0.365%	−0.365%
Lighter6.3875	−1.43%	−1.56%	−1.59%	−1.62%	−1.69%	−1.76%	−1.76%

All quotes (7)

Venue	Bid	Ask	Source	Age	Vol 24h	Flags
BinanceCEX	6.28874	6.28974	book	23s	$544k	closed
BitgetCEX	6.28474	6.28774	book	23s	$78k	closed
BybitCEX	6.29673	6.29773	book	24s	$561k	closed
GateCEX	6.27575	6.27775	book	24s	$614	closed
Lighter	6.2758	6.3875	book	24s	$52	closed
MEXCCEX	6.28075	6.29872	book	25s	$103k	closedno size
Variational	6.28652	6.29604	book	88s	$63k	closedRFQ

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

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