Perp funding rates right now, across venues
Funding is the periodic payment between longs and shorts that keeps a perpetual near its index price. The same asset can fund at very different rates on two venues at the same minute, which is the whole reason this table exists. Every number below was read from the venue's own API at the time shown.
- Live product data
- Self-custodial
- Read at request time
Hourly funding by asset and venue
LiveRead from the venue APIs at
Refreshed at most every 10 minutes
| Asset | Hyperliquid | Lighter | AsterDex | GMX | Ostium |
|---|---|---|---|---|---|
| BTC | -0.0000%-0.1% a year | +0.0012%+10.5% a year | +0.0013%+11.0% a year | not comparable | not published |
| ETH | +0.0013%+11.0% a year | +0.0012%+10.5% a year | +0.0005%+4.8% a year | not comparable | not published |
| SOL | +0.0013%+11.0% a year | +0.0012%+10.5% a year | +0.0013%+11.0% a year | not comparable | not published |
| XRP | +0.0013%+11.0% a year | +0.0012%+10.5% a year | +0.0013%+11.0% a year | not comparable | not published |
| DOGE | +0.0013%+11.0% a year | +0.0012%+10.5% a year | +0.0013%+11.0% a year | not comparable | not published |
Rates are normalized to one hour so the columns are comparable. Hyperliquid publishes an hourly rate directly. Lighter and AsterDex publish over a longer interval, eight hours for these assets today, and AsterDex reports its own interval per symbol so the divisor is read rather than assumed. A positive rate means longs pay shorts. GMX prices funding per pool and per side on top of a separate borrowing fee, so it has no single symbol-level rate to place in this table, and Ostium exposes no public funding endpoint. Those cells are labelled rather than filled with a number that means something else.
What a funding rate actually pays
A perpetual future has no expiry, so nothing forces its price back to the spot market. Funding does that job instead. At each funding time the venue compares the perpetual price to its index and charges the crowded side, paying the other. If the perpetual trades above index, longs pay shorts. If it trades below, shorts pay longs. You are charged on position notional, not on margin, so leverage multiplies the cost against your own equity.
- A positive rate means longs pay shorts, and a negative rate means the reverse.
- The charge is a percentage of position size, so 10x leverage makes an hourly rate ten times as expensive relative to your margin.
- Funding is settled on a schedule, not continuously, so closing before the next funding time avoids that payment.
Why the same asset funds differently on each venue
Funding is local to one order book. It is computed from the premium on that venue, clamped by that venue's rules, and paid between that venue's traders. A venue whose book is crowded long will charge more than a venue whose book happens to be balanced, even for the identical asset in the same minute. The formulas differ too: caps, floors, an interest-rate component and the averaging window are all per venue, and each publishes over its own interval.
- Each venue reads the premium on its own book, so positioning differs and so does the rate.
- Caps and floors bite at different levels, which is why several venues cluster at the same round number during a squeeze.
- Intervals differ. An eight hour rate looks eight times larger than an hourly one until you normalize, which is what this table does.
How to read the annualized column
The annualized figure is the hourly rate scaled by 24 and by 365, with no compounding. It is a way to feel the size of a small number, not a forecast. Funding changes every interval and can flip sign within a day, so an annualized figure only describes what the current rate would cost if it never moved. Treat it as a unit conversion.
- Annualized equals hourly multiplied by 8760, with no compounding assumed.
- A rate that flips sign twice a day makes the annualized number meaningless as a projection.
- For a holding period of hours, the hourly rate is the one that matters.
Where these numbers come from
Hyperliquid funding is read from its info endpoint, which publishes an hourly rate per asset. Lighter's own rate is read from the cross-venue funding feed it publishes, which reports eight hour rates; that reading is checkable rather than assumed, because the same response mirrors Hyperliquid at exactly eight times the hourly figure Hyperliquid's own API returns. AsterDex funding comes from its premium index, divided by the funding interval the venue reports for that symbol. If a source does not answer, its column falls back to the last committed reading and the page says which date that was.
- One request per venue, in parallel, with a six second timeout each.
- A failed source falls back to a committed snapshot for that column alone, not for the whole page.
- Nothing on this page is copied from another comparison site.
Frequently asked questions
- Which perp DEX has the lowest funding right now?
- It depends on the asset and the minute, which is why the table is read live rather than written into the page. Funding is computed from positioning on one order book, so the cheapest venue for BTC is often not the cheapest for SOL, and the ordering changes through the day. Read the table for the current answer.
- Why do Hyperliquid and Lighter show different rates for the same asset?
- Because funding is local to each order book. Each venue measures the premium on its own market, applies its own caps and its own interest-rate component, and pays the result between its own traders. There is no shared rate across venues.
- Is the annualized number what I will pay over a year?
- No. It is the current hourly rate multiplied by 8760, with no compounding. Funding is reset every interval and can flip sign within a day, so the annualized figure is a way to read the size of a small number, not a projection.
- Why do the GMX and Ostium columns show no rate?
- GMX charges funding per pool and per side, with several pools backing the same ticker, plus a separate borrowing fee. There is no single symbol-level rate that means the same thing as the other columns. Ostium publishes no public funding endpoint. Rather than invent a comparable number, those cells are labelled instead of filled.
- Can I collect funding instead of paying it?
- Taking the less crowded side earns funding while the rate stays on your side, and traders do run that as a strategy against a spot or a second-venue hedge. It is still a directional position with liquidation risk, and the rate can flip against you at the next interval.
- How often does this page update?
- It is regenerated at most every ten minutes, and each read is timestamped in UTC above the table. If a venue API did not answer, the page says so and names the date of the snapshot it fell back to.
Trade the venue with the funding you want
Hyperliquid, Lighter, AsterDex, GMX and Ostium share one order ticket, from a wallet you control.
Hypertradeworx is an independent terminal and is not affiliated with Hyperliquid, Lighter, AsterDex, GMX or Ostium. Funding rates move continuously and the figures above describe the moment they were read. Perpetual futures carry liquidation risk.