Best venue to short+70.37%Kraken · Shorts collect the funding longs pay
Cheapest venue to long0.00%Aster · Lowest funding a long pays — negative means longs get paid
Short-vs-long spread70.37%Short Kraken / long Aster
Open interest · trusted current venues$153M16 venues listing CRCL
ApeXstandard
+10.95%Annualized funding · settles every 1hMark $63.69OI $52K
Asterstandard
0.00%Annualized funding · settles every 8hMark $63.73OI $1M
Avantisfunding plus borrow
30.00% costAnnualized rollover, charged to both sidesMark $63.63OI $503
Binancestandard
0.00%Annualized funding · settles every 8hMark $63.71OI $68M
Bitgetstandard
0.00%Annualized funding · settles every 8hMark $63.73OI $11M
Bybitstandard
0.00%Annualized funding · settles every 8hMark $63.72OI $3M
Coinbasestandard
+9.64%Annualized funding · settles every 1hMark $63.7OI $132K
Gatestandard
+4.71%Annualized funding · settles every 8hMark $63.66OI $8M
GRVTstandard
0.00%Annualized funding · settles every 8hMark $63.71OI $53K
Hyperliquidbuilder set
+9.41%Annualized funding · settles every 1hMark $63.66OI $39M
Krakenstandard
+70.37%Annualized funding · settles every 1hMark $63.64OI $560K
Lighterstandard
+3.50%Annualized funding · settles every 8hMark $63.69OI $1M
OKXstandard
0.00%Annualized funding · settles every 8hMark $63.7OI $20M
Orderlystandard
+11.01%Annualized funding · settles every 8hMark $63.71OI $749
Ostiumfunding plus borrow
0.00% costAnnualized rollover, charged to both sidesMark $61.12OI $16K
Pacificastandard
+10.95%Annualized funding · settles every 1hMark $63.69OI $96K
Funding history · annualized
Accumulated funding
| Venue | 1D | 7D | 30D |
|---|
| ApeX | +0.03% 24/24 · 100% | — 100/168 · 60% | — 100/720 · 14% |
| Aster | +0.11% 3/3 · 100% | +0.19% 21/21 · 100% | +0.99% 90/90 · 100% |
| Binance | +0.11% 3/3 · 100% | +0.18% 21/21 · 100% | +1.02% 90/90 · 100% |
| Bitget | +0.10% 3/3 · 100% | +0.18% 21/21 · 100% | +1.14% 90/90 · 100% |
| Bybit | +0.07% 3/3 · 100% | +0.04% 21/21 · 100% | +1.66% 90/90 · 100% |
| Coinbase | +0.07% 24/24 · 100% | — 100/168 · 60% | — 100/720 · 14% |
| Gate | +0.03% 3/3 · 100% | +0.18% 21/21 · 100% | +0.79% 90/90 · 100% |
| GRVT | +0.07% 3/3 · 100% | +0.39% 21/21 · 100% | +2.71% 90/90 · 100% |
| Hyperliquid | — 4/24 · 17% | — 15/168 · 9% | — 15/720 · 2% |
| Kraken | — 9/24 · 38% | — 30/168 · 18% | — 30/720 · 4% |
| Lighter | +0.02% 24/3 · 100% | +0.11% 168/21 · 100% | +1.93% 720/90 · 100% |
| OKX | +0.14% 3/3 · 100% | +0.25% 21/21 · 100% | +1.38% 90/90 · 100% |
| Orderly | +0.03% 3/3 · 100% | +0.21% 21/21 · 100% | +0.90% 90/90 · 100% |
| Pacifica | +0.03% 23/24 · 96% | +0.21% 167/168 · 99% | — 200/720 · 28% |
Funding by session phase · 30D avg annualized
| Phase | Avg APR | Settlements |
|---|
| Market hours | +13.77% | 402 |
| After hours | +12.03% | 979 |
| Weekend | +11.18% | 456 |
| Holiday | +14.60% | 48 |
Underlying equities print ~32.5 market hours a week; these perps trade 168. Accumulated and session tables cover every venue with a per-settlement feed; rollover venues (Ostium, Avantis) charge both sides continuously and publish no settle history.
