XCN funding rates

XCN perpetual funding across 5 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 10:51 UTC · refreshed every 5 min

Best pair · 7d: 14.8%long Variational, short Aster · net 12.7%
Highest funding now: 10.9%GateCEX
Lowest funding now: −71.7%BybitCEX
Listed on: 5 venues

Funding by venue

													Open
GateCEX	XCN_USDT	10.9%	10.9%	−40.6%	−25.4%	−49.2%	62%	4h	12:00	0.004535	$334k	$51k	GtGate
Aster	XCNUSDT	−17.8%	−16.0%	−39.7%	−46.9%	−43.6%	41%	1h	11:00	0.004545	$9k	$2k	AsAster
Variational	XCN	−20.9%	−6.4%	−54.5%	−53.1%	−62.5%	65%	4h	—	0.00453	$9k	$4k	VaVariational
MEXCCEX	XCN_USDT	−69.2%	−6.5%	−54.0%	−51.8%	−62.0%	64%	4h	12:00	0.004541	$1.9M	$231k	MxMEXC
BybitCEX	XCNUSDT	−71.7%	−7.0%	−54.1%	−52.4%	−62.0%	64%	4h	12:00	0.004541	$1.3M	$1.4M	ByBybit

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
MEXCCEX	GateCEX	80.2%	17.4%	13.4%	26.4%	8.4%	12.7%	5.2d	steady	$334k		Mx Gt	calc
BybitCEX	GateCEX	82.7%	18.0%	13.5%	27.0%	6.7%	10.1%	7.0d	steady	$334k		By Gt	calc
Variational	GateCEX	31.8%	17.3%	13.9%	27.7%	10.0%	14.9%	3.9d	steady	$9k	low OIspread not incl.	Va Gt	calc
Variational	Aster	3.1%	−9.7%	14.8%	6.2%	12.7%	19.1%	2.0d	mixed	$9k	low OI4h/1hspread not incl.	Va As	calc
MEXCCEX	Aster	51.4%	−9.6%	14.3%	4.9%	11.2%	16.8%	3.1d	mixed	$9k	low OI4h/1h	Mx As	calc
BybitCEX	Aster	53.9%	−9.0%	14.4%	5.5%	9.5%	14.2%	4.8d	mixed	$9k	low OI4h/1h	By As	calc
Variational	MEXCCEX	−48.3%	−0.1%	0.5%	1.2%	−0.6%	−0.9%	32d	weak	$9k	low OIspread not incl.	Va Mx	calc
MEXCCEX	Variational	48.3%	0.1%	−0.5%	−1.2%	−1.5%	−2.3%	—	weak	$9k	low OIspread not incl.	Mx Va	calc
BybitCEX	MEXCCEX	2.5%	0.6%	0.1%	0.6%	−3.8%	−5.7%	650d	weak	$1.3M		By Mx	calc
Variational	BybitCEX	−50.9%	−0.7%	0.4%	0.6%	−2.5%	−3.7%	107d	weak	$9k	low OIspread not incl.	Va By	calc
BybitCEX	Variational	50.9%	0.7%	−0.4%	−0.6%	−3.2%	−4.9%	—	weak	$9k	low OIspread not incl.	By Va	calc
GateCEX	Aster	−28.7%	−27.0%	0.9%	−21.5%	−5.0%	−7.6%	89d	mixed	$9k	low OI4h/1h	Gt As	calc
Aster	GateCEX	28.7%	27.0%	−0.9%	21.5%	−6.9%	−10.4%	—	spike	$9k	low OI1h/4h	As Gt	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 10:51 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 Variational at 0.00453004, sell on Aster at 0.00454461: 0.321% before fees, 0.241% after taker fees.

XCN: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Aster0.00454461	Bybit0.004541	MEXC0.004541	Gate0.004535	Variational0.00453004
Variational0.00453004	0.321%	0.242%	0.242%	0.110%	—
Gate0.004535	0.212%	0.132%	0.132%	—	−0.110%
Bybit0.004541	0.079%	—	0.000%	−0.132%	−0.242%
MEXC0.004541	0.079%	0.000%	—	−0.132%	−0.242%
Aster0.00454461	—	−0.079%	−0.079%	−0.212%	−0.321%

All quotes (5)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	0.00454461	0.00454461	mark	2m	$2k	no FX
BybitCEX	0.004541	0.004541	mark	2m	$1.4M	no FX
GateCEX	0.004535	0.004535	mark	2m	$51k	no FX
MEXCCEX	0.004541	0.004541	mark	2m	$231k	no FX
Variational	0.00453004	0.00453004	mark	2m	$4k

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

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