Best venue to short+16.06%Hyperliquid · Shorts collect the funding longs pay
Cheapest venue to long-79.17%Kraken · Lowest funding a long pays — negative means longs get paid
Short-vs-long spread95.23%Short Hyperliquid / long Kraken
Open interest · trusted current venues$63M16 venues listing MSTR
ApeXstandard
+10.95%Annualized funding · settles every 1hMark $96.6OI $4K
Asterstandard
0.00%Annualized funding · settles every 8hMark $96.76OI $200K
Avantisfunding plus borrow
30.00% costAnnualized rollover, charged to both sidesMark $96.5OI $0
Binancestandard
0.00%Annualized funding · settles every 8hMark $96.67OI $24M
Bitgetstandard
+8.98%Annualized funding · settles every 8hMark $96.65OI $6M
Bybitstandard
+2.88%Annualized funding · settles every 8hMark $96.66OI $2M
Coinbasestandard
-13.14%Annualized funding · settles every 1hMark $96.55OI $70K
Gatestandard
+10.95%Annualized funding · settles every 8hMark $96.59OI $2M
GRVTstandard
0.00%Annualized funding · settles every 8hMark $96.68OI $33K
Hyperliquidbuilder set
+16.06%Annualized funding · settles every 1hMark $96.54OI $21M
Krakenstandard
-79.17%Annualized funding · settles every 1hMark $96.55OI $281K
Lighterstandard
+3.50%Annualized funding · settles every 8hMark $96.52OI $2M
OKXstandard
0.00%Annualized funding · settles every 8hMark $96.66OI $6M
Orderlystandard
+11.37%Annualized funding · settles every 8hMark $96.69OI $4K
Ostiumfunding plus borrow
0.00% costAnnualized rollover, charged to both sidesMark $93.34OI $18K
Pacificastandard
+10.95%Annualized funding · settles every 1hMark $96.61OI $95K
Funding history · annualized
Accumulated funding
| Venue | 1D | 7D | 30D |
|---|
| ApeX | +0.03% 24/24 · 100% | — 100/168 · 60% | — 100/720 · 14% |
| Aster | +0.01% 3/3 · 100% | +0.03% 21/21 · 100% | +0.64% 90/90 · 100% |
| Binance | +0.01% 3/3 · 100% | -0.06% 21/21 · 100% | +0.53% 90/90 · 100% |
| Bitget | +0.02% 3/3 · 100% | +0.02% 21/21 · 100% | +0.13% 90/90 · 100% |
| Bybit | +0.00% 3/3 · 100% | +0.02% 21/21 · 100% | +1.01% 90/90 · 100% |
| Coinbase | +0.03% 24/24 · 100% | — 100/168 · 60% | — 100/720 · 14% |
| Gate | +0.02% 3/3 · 100% | +0.03% 21/21 · 100% | +0.16% 90/90 · 100% |
| GRVT | 0.00% 3/3 · 100% | +0.42% 21/21 · 100% | +2.25% 90/90 · 100% |
| Hyperliquid | — 3/24 · 13% | — 14/168 · 8% | — 14/720 · 2% |
| Kraken | — 8/24 · 33% | — 28/168 · 17% | — 28/720 · 4% |
| Lighter | +0.01% 24/3 · 100% | +0.10% 168/21 · 100% | +1.57% 720/90 · 100% |
| OKX | 0.00% 3/3 · 100% | -0.01% 21/21 · 100% | +0.71% 90/90 · 100% |
| Orderly | +0.03% 3/3 · 100% | +0.21% 21/21 · 100% | +0.97% 90/90 · 100% |
| Pacifica | +0.03% 23/24 · 96% | +0.14% 167/168 · 99% | — 200/720 · 28% |
Funding by session phase · 30D avg annualized
| Phase | Avg APR | Settlements |
|---|
| Market hours | +4.92% | 397 |
| After hours | +6.18% | 979 |
| Weekend | +11.28% | 458 |
| Holiday | +18.37% | 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.
