YB funding rates

YB perpetual funding across 7 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
0.3%long Aster, short Variational · net −1.8%
Highest funding now
10.9%Aster
Lowest funding now
10.9%Aster
Listed on
7 venues

Funding by venue

7d chartFlagsOpen
AsterYBUSDT10.9%10.9%10.7%11.0%10.6%100%4h12:000.0763$3k$31kAsAster
BinanceCEXYBUSDT10.9%10.9%10.7%11.0%10.6%100%4h12:000.07619$1.7M$4.9MBnBinance
BybitCEXYBUSDT10.9%10.9%10.9%10.9%10.9%100%4h12:000.07629$533k$548kByBybit
BitgetCEXYBUSDT10.9%10.9%10.9%10.9%10.9%100%4h12:000.0763$537k$213kBgBitget
GateCEXYB_USDT10.9%10.9%10.9%10.9%10.9%100%4h12:000.0763$85k$34kGtGate
MEXCCEXYB_USDT10.9%10.9%10.7%11.0%10.6%100%4h12:000.0761$583k$280kMxMEXC
VariationalYB10.9%10.9%10.9%10.9%10.9%100%4h—0.07616$796$13kVaVariational

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
MEXCCEXVariational0.0%0.0%0.3%0.0%−0.8%−1.1%53dweak$796low OIspread not incl.MxVacalc
AsterVariational0.0%0.0%0.3%0.0%−1.8%−2.7%98dweak$796low OIspread not incl.AsVacalc
MEXCCEXBybitCEX0.0%0.0%0.3%0.0%−3.6%−5.5%198dweak$533kMxBycalc
BinanceCEXMEXCCEX0.0%0.0%0.0%0.0%−3.6%−5.5%>999dweak$583kBnMxcalc
MEXCCEXBitgetCEX0.0%0.0%0.3%0.0%−3.9%−5.8%211dweak$537kMxBgcalc
BinanceCEXVariational0.0%0.0%0.3%0.0%−2.3%−3.5%131dweak$796low OIspread not incl.BnVacalc
MEXCCEXGateCEX0.0%0.0%0.3%0.0%−4.7%−7.0%251dweak$85kMxGtcalc
BinanceCEXBybitCEX0.0%0.0%0.3%0.0%−5.2%−7.8%276dweak$533kBnBycalc
BinanceCEXBitgetCEX0.0%0.0%0.3%0.0%−5.5%−8.2%289dweak$537kBnBgcalc
AsterMEXCCEX0.0%0.0%0.0%0.0%−3.1%−4.7%>999dweak$3klow OIAsMxcalc
BinanceCEXGateCEX0.0%0.0%0.3%0.0%−6.2%−9.4%328dweak$85kBnGtcalc
AsterBybitCEX0.0%0.0%0.3%0.0%−4.7%−7.0%233dweak$3klow OIAsBycalc
AsterBinanceCEX0.0%0.0%0.0%0.0%−4.7%−7.0%>999dweak$3klow OIAsBncalc
AsterBitgetCEX0.0%0.0%0.3%0.0%−4.9%−7.4%245dweak$3klow OIAsBgcalc
AsterGateCEX0.0%0.0%0.3%0.0%−5.7%−8.5%282dweak$3klow OIAsGtcalc
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).

Spot ↔ Perp

Best short perp for each spot venue: 14-day hold, 3× leverage.

Funding APRAfter fees & basisLiquidity
Buy spotShort perpnow24h7d30d7d trendOn capital 3× · 14dPaybackBasisPerp OIPerp vol 24hSpot vol 24hFlagsOpenCalc
BinanceCEXAster10.9%10.9%10.7%11.0%2.5%9.6d+13 bps$3k$31k$1.1Mlow OIBnAscalc

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 11:08:10 UTC

Best now: buy on Binance at 0.0757248, sell on Gate at 0.0758147: 0.119% before fees, −0.131% after taker fees. 24h max: 1.31%.

YB: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Gate0.0758147Bitget0.0757148Bybit0.0757148MEXC0.0757148Binance0.0756749Variational0.07566Aster0.075515
Binance0.07572480.119%−0.013%−0.013%−0.013%−0.066%−0.086%−0.277%
Aster0.07578470.040%−0.092%−0.092%−0.092%−0.145%−0.165%−0.357%
MEXC0.07581470.000%−0.132%−0.132%−0.132%−0.185%−0.204%−0.396%
Bitget0.0758247−0.013%−0.145%−0.145%−0.145%−0.198%−0.217%−0.409%
Bybit0.0758946−0.105%−0.237%−0.237%−0.237%−0.290%−0.310%−0.501%
Gate0.0759146−0.132%−0.264%−0.264%−0.264%−0.316%−0.336%−0.528%
Variational0.07605−0.310%−0.442%−0.442%−0.442%−0.494%−0.514%−0.706%
All quotes (7)
VenueBidAskSourceAgeVol 24hFlags
Aster0.0755150.0757847book18s$31k
BinanceCEX0.07567490.0757248book19s$4.9M
BitgetCEX0.07571480.0758247book19s$213k
BybitCEX0.07571480.0758946book19s$547k
GateCEX0.07581470.0759146book20s$34k
MEXCCEX0.07571480.0758147book21s$288kno size
Variational0.075660.07605book93s$13kRFQ

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection. A pair of two book quotes at most 60 s old is preferred to any other; a pair with a mark leg, or a quote older than 30 s, is compared net of a staleness allowance (how far such prices of that venue have strayed from live quotes), so the outlined best pair need not be the largest cell.

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