The funding board
The board lists every coin traded on at least two venues. For each one it picks the venue with the lowest funding rate for the long leg and the highest for the short leg — the pair that earns the most funding.
Columns
| Column | What it means |
|---|---|
| Long / Short | Where to open each leg. |
| Spread | Short-leg rate minus long-leg rate, normalized to 8 hours so hourly and 8-hourly venues compare fairly. See Funding rates & APR. |
| APR | The spread annualized, before costs. |
| Net APR | APR after the round-trip trading fees, spread over a 7-day hold. See Net APR. |
| Break-even | Hours the current spread must last to pay back the round-trip fees. |
| OI / Volume | Open interest and 24h volume — a rough guide to how much size the market can take. |
Rates are collected from every venue every minute.
The board uses each venue’s standard fees and a 7-day hold so every row is comparable. When you review a trade in Execute, the numbers are recomputed with your fees, the live order books and your hold.
Filters
- Exchanges — limit the board to the venues you use.
- Search — find a coin by ticker.
- Sort by any column; Net APR and Break-even are the usual choices.
Coin pages
Click a coin for its page: funding history on every venue, price and funding charts, spread history, and every possible pair for that coin.
Stocks and other markets
Some venues list tokenized stocks, indices and commodities. These often pay funding only while their underlying market is open. See Market hours.