SPELL funding rates and arbitrage

SPELL perpetuals trade on 5 contracts across 5 venues, forming 10 cross-venue arbitrage pairs. By net APR the current best pair is long MEXC against short Bitget, netting +16.64%, with both legs settling on the same cadence。

SPELL perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
Binance	SPELLUSDT	USDT	8h	-0.0049%	-5.33%	-23.81%	$1.3M	0.00008565
MEXC	SPELL_USDT	USDT	8h	-0.0052%	-5.69%	-23.85%	$117K	0.00008560
Bitget	SPELLUSDT	USDT	8h	0.0100%	+10.95%	-1.61%	$67K	0.00008560
KuCoin	SPELLUSDTM	USDT	8h	0.0100%	+10.95%	+10.43%	$17K	0.00008560
Gate	SPELL_USDT	USDT	8h	0.0100%	+10.95%	+2.45%	$3K	0.00008550

SPELL cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
MEXC USDT	Bitget USDT	+16.64%	0.0456%	+22.23%	8h matched	$67K
MEXC USDT	Gate USDT	+16.64%	0.0456%	+26.30%	8h matched	$3K
MEXC USDT	KuCoin USDT	+16.64%	0.0456%	+34.28%	8h matched	$17K
Binance USDT	Bitget USDT	+16.28%	0.0446%	+22.19%	8h matched	$67K
Binance USDT	Gate USDT	+16.28%	0.0446%	+26.26%	8h matched	$3K
Binance USDT	KuCoin USDT	+16.28%	0.0446%	+34.24%	8h matched	$17K
MEXC USDT	Binance USDT	+0.36%	0.0010%	+0.04%	8h matched	$117K
Bitget USDT	Gate USDT	0.00%	0.0000%	+4.07%	8h matched	$3K
Bitget USDT	KuCoin USDT	0.00%	0.0000%	+12.04%	8h matched	$17K
Gate USDT	KuCoin USDT	0.00%	0.0000%	+7.98%	8h matched	$3K

Spell project profile

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Key facts

Total: 196.01B
Max supply: 210.00B
Type: Token
Market cap rank: #983

Decentralized Finance (DeFi)Yield FarmingAvalanche EcosystemFantom EcosystemArbitrum EcosystemOlympus Pro EcosystemEthereum EcosystemStablecoin Issuer

Contract addresses

ethereum0x090185f2135308bad17527004364ebcc2d37e5f6

fantom0x468003b688943977e6130f4f68f23aad939a1040

arbitrum0x3e6648c5a70a150a88bce65f4ad4d506fe15d2af

avalanche0xce1bffbd5374dac86a2893119683f4911a2f7814

Block explorers

etherscan.io intel.arkm.com ethplorer.io cchain.explorer.avax.network arbiscan.io snowtrace.io

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

SPORTFUN+33.1%SPX500+27.4%STORJ+146.9%STXX+195.9%TST0.0%VELO0.0%XCN+232.7%XDC+12.0%XLK0.0%XLU0.0%XLV0.0%ZCAT+66.7%

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