Best venue to short+35.79%Hyperliquid · Shorts collect the funding longs pay
Cheapest venue to long-41.41%Kraken · Lowest funding a long pays — negative means longs get paid
Short-vs-long spread77.20%Short Hyperliquid / long Kraken
Open interest · trusted current venues$31M16 venues listing HOOD
ApeXstandard
+10.95%Annualized funding · settles every 1hMark $88.18OI $1K
Asterstandard
0.00%Annualized funding · settles every 8hMark $88.2OI $40K
Avantisfunding plus borrow
10.00% costAnnualized rollover, charged to both sidesMark $88.05OI $499
Binancestandard
0.00%Annualized funding · settles every 8hMark $88.21OI $7M
Bitgetstandard
+6.35%Annualized funding · settles every 8hMark $88.21OI $3M
Bybitstandard
0.00%Annualized funding · settles every 8hMark $88.22OI $741K
Coinbasestandard
+12.26%Annualized funding · settles every 1hMark $88.05OI $40K
Gatestandard
+10.95%Annualized funding · settles every 8hMark $88.16OI $650K
GRVTstandard
+10.29%Annualized funding · settles every 8hMark $88.22OI $639K
Hyperliquidbuilder set
+35.79%Annualized funding · settles every 1hMark $88.13OI $18M
Krakenstandard
-41.41%Annualized funding · settles every 1hMark $88.08OI $80K
Lighterstandard
+5.26%Annualized funding · settles every 8hMark $88.18OI $980K
OKXstandard
0.00%Annualized funding · settles every 8hMark $88.2OI $966K
Orderlystandard
+11.30%Annualized funding · settles every 8hMark $88.22OI $2K
Ostiumfunding plus borrow
0.00% costAnnualized rollover, charged to both sidesMark $87.23OI $1K
Pacificastandard
+10.95%Annualized funding · settles every 1hMark $88.17OI $57K
Funding history · annualized
Accumulated funding
| Venue | 1D | 7D | 30D |
|---|
| ApeX | +0.03% 24/24 · 100% | — 100/168 · 60% | — 100/720 · 14% |
| Aster | 0.00% 3/3 · 100% | +0.00% 21/21 · 100% | +0.08% 90/90 · 100% |
| Binance | 0.00% 3/3 · 100% | +0.02% 21/21 · 100% | +0.19% 90/90 · 100% |
| Bitget | +0.00% 3/3 · 100% | +0.00% 21/21 · 100% | +0.00% 90/90 · 100% |
| Bybit | -0.01% 3/3 · 100% | -0.22% 21/21 · 100% | -0.22% 90/90 · 100% |
| Coinbase | +0.02% 24/24 · 100% | — 100/168 · 60% | — 100/720 · 14% |
| Gate | +0.03% 3/3 · 100% | +0.21% 21/21 · 100% | +0.90% 90/90 · 100% |
| GRVT | +0.00% 3/3 · 100% | +0.34% 21/21 · 100% | +2.15% 90/90 · 100% |
| Hyperliquid | — 4/24 · 17% | — 15/168 · 9% | — 15/720 · 2% |
| Kraken | — 9/24 · 38% | — 30/168 · 18% | — 30/720 · 4% |
| Lighter | +0.01% 24/3 · 100% | +0.07% 168/21 · 100% | +1.02% 720/90 · 100% |
| OKX | 0.00% 3/3 · 100% | 0.00% 21/21 · 100% | +0.04% 90/90 · 100% |
| Orderly | +0.03% 3/3 · 100% | +0.21% 21/21 · 100% | +0.89% 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 | +3.78% | 402 |
| After hours | +5.30% | 979 |
| Weekend | +5.03% | 456 |
| Holiday | +2.39% | 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.
