Funding rates

Annualised funding per venue. Positive: longs pay shorts. Spread = highest minus lowest venue.

Open interest per leg

Funding arbitrage

CurrentPredictedupdated 38s ago (2026-11-06 13:51 UTC) · source: Blockmetric Research · Binance · Bybit
Funding arbitrage: venue pairs per coin, widest annualised spread first
CoinPer 8hShort leg (higher funding)Long leg (lower funding)Smaller OI
HUMA+424.7%0.3878%Bybit −1953%interval not storedBinance −2378%interval not stored$3.8M
LYN+349.0%0.3187%Binance −343.2%interval not storedBybit −692.2%interval not stored$2M
AKE+197.2%0.1801%Bybit +237.8%interval not storedBinance +40.6%interval not stored$8.5M
BMT+187.7%0.1714%Bybit −8.3%interval not storedBinance −195.9%interval not stored$3.1M
FOLKS+164.9%0.1506%Bybit +189.6%interval not storedBinance +24.7%interval not stored$1.6M
ERA+116.8%0.1066%Bybit −506.1%interval not storedBinance −622.9%interval not stored$2.7M
ARIA+111.5%0.1018%Bybit +122.5%interval not storedBinance +11.0%interval not stored$6.1M
W+104.3%0.0952%Bybit +11.0%+0.0050% every 4h · next 16:00Hyperliquid −93.3%−0.0107% every 1h · next 14:00$2.7M
XTZ+103.3%0.0943%Bybit +11.0%interval not storedBinance −92.3%interval not stored$3.3M
BERA+96.8%0.0884%Binance +11.0%+0.0050% every 4h · next 16:00Hyperliquid −85.9%−0.0098% every 1h · next 14:00$1.3M
UAI+65.8%0.0601%Binance +76.8%interval not storedBybit +11.0%interval not stored$3M
US+62.9%0.0575%Bybit +73.9%interval not storedBinance +11.0%interval not stored$2.3M
CYBER+61.1%0.0558%Binance −73.3%−0.0334% every 4h · next 16:00Bybit −134.4%−0.0614% every 4h · next 16:00$3.2M
INIT+52.1%0.0476%Hyperliquid +11.0%+0.0013% every 1h · next 14:00Bybit −41.1%−0.0188% every 4h · next 16:00$1.4M
BIRB+49.6%0.0453%Binance −355.8%interval not storedBybit −405.4%interval not stored$5.5M
SAMSUNG+48.6%0.0444%Bybit +48.6%interval not storedBinance 0.0%interval not stored$7.9M
RUNE+44.7%0.0408%Hyperliquid +11.0%+0.0013% every 1h · next 14:00Bybit −33.8%−0.0308% every 8h · next 16:00$1.7M
SKHYNIX+43.9%0.0401%Bybit +43.9%interval not storedBinance 0.0%interval not stored$32.8M
EWY+43.6%0.0398%Binance +43.6%interval not storedBybit 0.0%interval not stored$6.7M
SOXL+42.3%0.0387%Binance +42.3%interval not storedBybit 0.0%interval not stored$89.1M
CC+41.1%0.0375%Hyperliquid +11.0%+0.0013% every 1h · next 14:00Bybit −30.1%−0.0138% every 4h · next 16:00$5.7M
ZK+38.2%0.0349%Binance +11.0%+0.0050% every 4h · next 16:00Hyperliquid −27.3%−0.0031% every 1h · next 14:00$1.6M
MSTR+36.8%0.0336%Lighter +36.8%+0.0042% every 1h · next 14:00Binance 0.0%interval not stored$1.9M
EVAA+36.8%0.0336%Bybit +105.0%interval not storedBinance +68.2%interval not stored$5.2M
INTC+35.9%0.0328%Lighter +35.9%+0.0041% every 1h · next 14:00Bybit 0.0%interval not stored$2.5M
ICP+34.5%0.0315%Binance +11.0%+0.0100% every 8h · next 16:00Hyperliquid −23.5%−0.0027% every 1h · next 14:00$2.9M
GRAM+33.8%0.0308%Hyperliquid +11.0%+0.0013% every 1h · next 14:00Bybit −22.8%−0.0104% every 4h · next 16:00$20.4M
SIREN+33.7%0.0308%Bybit +11.0%interval not storedBinance −22.7%interval not stored$1.6M
BABA+33.1%0.0302%Binance +36.9%interval not storedBybit +3.7%interval not stored$1.4M
USELESS+33.1%0.0302%Hyperliquid +44.1%+0.0050% every 1h · next 14:00Bybit +11.0%+0.0050% every 4h · next 16:00$9.6M
kPEPE+32.8%0.0300%Binance +43.8%+0.0400% every 8h · next 16:00Hyperliquid +11.0%+0.0013% every 1h · next 14:00$52.9M
CAP+31.7%0.0290%Binance +42.8%interval not storedBybit +11.1%interval not stored$11M
ALGO+30.7%0.0281%Binance +11.0%+0.0100% every 8h · next 16:00Hyperliquid −19.8%−0.0023% every 1h · next 14:00$3M
JCT+30.3%0.0276%Binance +41.2%interval not storedBybit +11.0%interval not stored$5.2M
DRAM+29.1%0.0266%Binance +31.0%interval not storedBybit +1.8%interval not stored$7.2M
kLUNC+28.7%0.0262%Binance +11.0%+0.0100% every 8h · next 16:00Bybit −17.8%−0.0162% every 8h · next 16:00$1.2M
kSHIB+28.7%0.0262%Binance +11.0%+0.0100% every 8h · next 16:00Hyperliquid −17.7%−0.0020% every 1h · next 14:00$3.2M
PNUT+27.5%0.0251%Binance +11.0%+0.0050% every 4h · next 16:00Bybit −16.5%−0.0075% every 4h · next 16:00$1.4M
PIEVERSE+27.2%0.0248%Binance +44.2%interval not storedBybit +17.0%interval not stored$7.1M
ADA+25.0%0.0228%Bybit +11.0%+0.0100% every 8h · next 16:00Hyperliquid −14.0%−0.0016% every 1h · next 14:00$25.9M
LIT+24.6%0.0225%Binance −2.6%−0.0012% every 4h · next 16:00Hyperliquid −27.2%−0.0031% every 1h · next 14:00$44.4M
CHIP+23.3%0.0213%Binance +5.4%+0.0025% every 4h · next 16:00Bybit −18.0%−0.0082% every 4h · next 16:00$4.8M
UVXY+22.9%0.0209%Bybit 0.0%interval not storedBinance −22.9%interval not stored$1.9M
XLM+22.7%0.0207%Hyperliquid +3.0%+0.0003% every 1h · next 14:00Bybit −19.7%−0.0180% every 8h · next 16:00$8.6M
RENDER+22.5%0.0206%Hyperliquid +11.0%+0.0013% every 1h · next 14:00Bybit −11.6%−0.0053% every 4h · next 16:00$2.5M
XMR+22.4%0.0204%Hyperliquid +32.9%+0.0038% every 1h · next 14:00Lighter +10.5%+0.0012% every 1h · next 14:00$3.6M
LIGHT+22.1%0.0202%Binance +33.1%interval not storedBybit +11.0%interval not stored$2M
LSK+22.0%0.0201%Bybit −116.7%interval not storedBinance −138.7%interval not stored$3.7M
WDC+21.4%0.0195%Bybit +23.1%interval not storedBinance +1.8%interval not stored$2M
MU+21.0%0.0192%Lighter +21.0%+0.0024% every 1h · next 14:00Bybit 0.0%interval not stored$3.5M
SNDK+20.1%0.0184%Lighter +20.1%+0.0023% every 1h · next 14:00Binance 0.0%interval not stored$3.4M
GOOGL+19.9%0.0181%Binance +24.2%interval not storedLighter +4.4%+0.0005% every 1h · next 14:00$6.6M
SOPH+19.4%0.0178%Bybit +30.4%+0.0139% every 4h · next 16:00Binance +11.0%+0.0050% every 4h · next 16:00$1.3M
DELL+19.0%0.0173%Binance +28.2%interval not storedBybit +9.2%interval not stored$1.5M
KORU+18.8%0.0171%Binance +18.8%interval not storedBybit 0.0%interval not stored$18.2M
PONS+18.7%0.0171%Hyperliquid +11.0%+0.0013% every 1h · next 14:00Bybit −7.7%−0.0035% every 4h · next 16:00$9.8M
FIL+18.0%0.0164%Hyperliquid +11.0%+0.0013% every 1h · next 14:00Binance −7.0%−0.0064% every 8h · next 16:00$5.9M
WLD+17.5%0.0160%Lighter +4.4%+0.0005% every 1h · next 14:00Hyperliquid −13.2%−0.0015% every 1h · next 14:00$2.8M
TA+17.5%0.0160%Binance +68.5%interval not storedBybit +51.0%interval not stored$1.8M
NIGHT+17.3%0.0158%Binance +11.0%interval not storedBybit −6.3%interval not stored$1.9M
AERO+17.0%0.0156%Hyperliquid +11.0%+0.0013% every 1h · next 14:00Binance −6.1%−0.0028% every 4h · next 16:00$23.9M
OPENAI+16.9%0.0154%Binance +5.5%interval not storedLighter −11.4%−0.0013% every 1h · next 14:00$1.3M
ANTHROPIC+16.0%0.0146%Binance +5.5%interval not storedLighter −10.5%−0.0012% every 1h · next 14:00$2.4M
CL+15.8%0.0144%Binance −137.6%interval not storedBybit −153.4%interval not stored$34.1M
SEI+15.0%0.0137%Binance +10.7%+0.0098% every 8h · next 16:00Bybit −4.3%−0.0039% every 8h · next 16:00$7.8M
ASTS+14.6%0.0133%Bybit +36.0%interval not storedBinance +21.4%interval not stored$1.3M
ARB+14.3%0.0131%Hyperliquid +11.0%+0.0013% every 1h · next 14:00Bybit −3.4%−0.0031% every 8h · next 16:00$13.7M
HOOD+13.4%0.0123%Binance +13.4%interval not storedBybit 0.0%interval not stored$4.9M
BCH+13.2%0.0120%Hyperliquid +9.1%+0.0010% every 1h · next 14:00Binance −4.1%−0.0037% every 8h · next 16:00$6.6M
AVAX+12.8%0.0117%Bybit +11.0%+0.0100% every 8h · next 16:00Hyperliquid −1.9%−0.0002% every 1h · next 14:00$15M
TRX+12.4%0.0114%Hyperliquid +11.0%+0.0013% every 1h · next 14:00Bybit −1.5%−0.0014% every 8h · next 16:00$13.3M
IOST+12.0%0.0110%Binance +11.0%interval not storedBybit −1.0%interval not stored$1.1M
ASTER+11.8%0.0108%Hyperliquid +11.0%+0.0013% every 1h · next 14:00Bybit −0.8%−0.0004% every 4h · next 16:00$21.2M
IREN+11.6%0.0106%Binance +11.6%interval not storedBybit 0.0%interval not stored$2.3M
TSM+11.5%0.0105%Binance +11.5%interval not storedBybit 0.0%interval not stored$2.5M
HBAR+11.5%0.0105%Hyperliquid +11.0%+0.0013% every 1h · next 14:00Bybit −0.5%−0.0005% every 8h · next 16:00$8.6M
NVDA+11.4%0.0104%Lighter +11.4%+0.0013% every 1h · next 14:00Bybit 0.0%interval not stored$4.9M
APT+11.1%0.0101%Bybit +8.6%+0.0078% every 8h · next 16:00Hyperliquid −2.5%−0.0003% every 1h · next 14:00$3.4M
PAXG+11.0%0.0100%Hyperliquid +11.0%+0.0013% every 1h · next 14:00Binance 0.0%0.0000% every 4h · next 16:00$25.7M
MUU+11.0%0.0100%Binance +11.0%interval not storedBybit 0.0%interval not stored$1.9M

The spread is the difference between two published funding rates, not a return you can lock in. Trading fees on four fills (open and close on both venues), slippage, the price moving between the legs, margin and liquidation risk on two venues, transfer times and rates that change every settlement all reduce it or turn it negative. Hyperliquid and Lighter settle every hour, the exchanges every 1, 4 or 8 hours, so the legs are not paid at the same moments; "Per 8h" compares them on one interval. Fees depend on venue, fee tier and order type: check each venue's schedule against the "Per 8h" column. Times in UTC. Not investment advice.

Source: Blockmetric Research · Binance · Bybit

A spread is a difference between published rates, not an executable return. Click a coin for its open interest history. Not investment advice.

Questions and answers

What does positive funding mean?

Longs pay shorts. Negative funding means shorts pay longs.

What is predicted funding?

The funding rate the venue currently projects for its next settlement, before it is paid.

What does the Arbitrage tab show?

Pairs of venues that list the same coin with real open interest on both, widest funding gap first. Hourly and 8-hourly venues compared per hour, with the next settlement times. A gap between published rates is not a return you can lock in: fees, price moves between the legs and rate changes reduce it.

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