Annualized perpetual funding across ten venues, refreshed every few minutes from our own collectors — not a third-party feed. Green is the cheapest venue to be long (or the one paying you); red is the most expensive. The spread column is what a delta-neutral carry position would collect before fees.
| Asset | Binance | Bitget | Bybit | Deribit | Gate | HTX | Hyperliquid | Kraken | KuCoin | OKX | Spread |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AVAX | +0.8% | -0.6% | -3.0% | — | +7.1% | +10.9% | +1.8% | -3.8% | +10.9% | +8.1% | 14.7% |
| BTC | +2.2% | -10.8% | +10.4% | +9.8% | +2.2% | +0.7% | +9.1% | -6.4% | -34.8% | +1.9% | 45.2% |
| DOGE | +10.9% | +10.9% | +5.7% | — | +10.1% | +10.9% | +10.9% | +6.9% | +10.9% | +10.9% | 5.3% |
| ETH | +8.7% | +5.7% | +5.0% | +2.6% | +3.3% | +4.5% | +10.9% | +12.8% | +10.9% | +3.8% | 10.2% |
| INJ | -14.1% | +10.9% | +10.9% | — | +2.3% | — | +10.9% | -12.2% | -18.6% | -9.5% | 29.6% |
| NEAR | -7.9% | -3.7% | -69.1% | — | +3.0% | +10.9% | +10.9% | -38.4% | +10.9% | -27.2% | 80.0% |
| SOL | +4.9% | +3.7% | +10.9% | — | +1.2% | +10.9% | +10.9% | -12.2% | -3.8% | +7.8% | 23.1% |
| SUI | +7.5% | +10.9% | +10.9% | — | +4.4% | +10.9% | +10.9% | -1.7% | +10.9% | +10.9% | 12.7% |
| XRP | +2.7% | -4.3% | +7.6% | — | -3.8% | +10.9% | +3.2% | -5.5% | +10.9% | +7.0% | 16.4% |
Annualized from each venue's current funding interval. Updated 18:36 UTC · refreshes ~5 min.
A wide spread looks like free money: long the venue where funding is negative, short where it's positive, collect both sides. The honest caveats are that funding mean-reverts hard (today's 20% annualized spread is rarely next week's), execution costs two spreads plus fees on two venues, and the legs can be liquidated independently. Carry trades are real, but they are a business with overhead — not passive yield.
The more durable use of this table is as a positioning signal: extreme funding on one venue tells you which side of the boat is crowded there. In our own weekly robustness scans, cross-venue mean funding is a stable input — Lumen tracks it continuously, and the funding calculator turns any of these rates into a real holding cost.
Think there's a tradable edge in funding? Turn it into a rule and get an honest verdict on out-of-sample data.
Grade the idea — free