Funding rates, live.
Perpetual Contract Funding Rates
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| BTC/USDT Binance | ↘-0.0002%/8hCalculate funding cost 08:00 UTC | -0.26% |
| ETH/USDT Binance | ↘-0.0035%/8hCalculate funding cost 08:00 UTC | -3.79% |
| ETH/USDT | ↘-0.0018%/8hCalculate funding cost 08:00 UTC | -1.92% |
| BTC/USDT | ↗+0.0074%/8hCalculate funding cost 08:00 UTC | +8.14% |
| BTC/USDT | ↗+0.0002%/8hCalculate funding cost 08:00 UTC | +0.25% |
| ETH/USDT | ↘-0.0044%/8hCalculate funding cost 08:00 UTC | -4.86% |
| SOL/USDT Binance | ↘-0.0033%/8hCalculate funding cost 08:00 UTC | -3.63% |
| ZEC/USDT Binance | ↗+0.0098%/8hCalculate funding cost 08:00 UTC | +10.77% |
| NEAR/USDT Binance | ↗+0.0086%/8hCalculate funding cost 08:00 UTC | +9.43% |
| ZEC/USDT | ↗+0.0100%/8hCalculate funding cost 08:00 UTC | +10.95% |
| SOL/USDT | ↘-0.0003%/8hCalculate funding cost 08:00 UTC | -0.31% |
| XRP/USDT Binance | ↘-0.0086%/8hCalculate funding cost 08:00 UTC | -9.46% |
| SOL/USDT | ↘-0.0074%/8hCalculate funding cost 08:00 UTC | -8.12% |
| HYPE/USDT Binance | ↗+0.0032%/4hCalculate funding cost 04:00 UTC | +6.91% |
| SAND/USDT Binance | ↘-0.0170%/8hCalculate funding cost 08:00 UTC | -18.61% |
| DOGE/USDT Binance | ↘-0.0004%/8hCalculate funding cost 08:00 UTC | -0.46% |
| BTC/USD | ↗+0.0013%/1hCalculate funding cost — · next ≈ +0.0014% | +11.77% |
| PUMP/USDT Binance | ↗+0.0009%/4hCalculate funding cost 04:00 UTC | +2.07% |
| XRP/USDT | ↘-0.0019%/8hCalculate funding cost 08:00 UTC | -2.07% |
| ZEC/USDT | ↗+0.0100%/8hCalculate funding cost 08:00 UTC | +10.95% |
| NEAR/USDT | ↗+0.0100%/8hCalculate funding cost 08:00 UTC | +10.95% |
| MET/USDT Binance | ↘-0.1115%/4hCalculate funding cost 04:00 UTC | -244.08% |
| PUMP/USDT | ↘-0.0018%/4hCalculate funding cost 04:00 UTC | -3.88% |
| NEAR/USDT | ↗+0.0100%/8hCalculate funding cost 08:00 UTC | +10.95% |
| SAND/USDT | ↗+0.0050%/4hCalculate funding cost 04:00 UTC | +10.95% |
| SUI/USDT Binance | ↗+0.0010%/8hCalculate funding cost 08:00 UTC | +1.06% |
| UNI/USDT Binance | ↗+0.0057%/8hCalculate funding cost 08:00 UTC | +6.21% |
| XRP/USDT | ↘-0.0054%/8hCalculate funding cost 08:00 UTC | -5.88% |
| 龙虾/USDT Binance | ↘-0.0043%/4hCalculate funding cost 04:00 UTC | -9.34% |
| DOGE/USDT | ↗+0.0100%/8hCalculate funding cost 08:00 UTC | +10.95% |
Venue data observed at 03:35 UTC · Auto-refreshes every 60s · Sources: Binance, Bybit, OKX, KuCoin, Kraken
Showing the 30 largest contracts by turnover; the full book loads on your first search, filter or sort.
Funding transfers depend on the contract and can be positive, negative or zero. The sign describes the payment direction; it does not establish traders’ motives or predict the next price move.
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Funding Payments Explained
A perpetual contract is a derivative with no scheduled expiry. It gives long or short exposure to a reference asset under the contract rules. Funding payments help align its price with a reference market; they do not guarantee that the prices stay equal. Positions remain subject to maintenance requirements, trading interruptions, delisting and any exceptional settlement rules.
A cash-settled perpetual position does not itself give ownership or delivery of the referenced coin. The asset used as collateral is a separate question. Linear and inverse contracts can use different quantity conventions, profit-and-loss formulas and settlement currencies. Read the specifications for the exact instrument and account.
Positive funding
Under the usual long-to-short convention, a positive rate means long positions pay short positions. A quoted rate must be read with its interval, accrual method and position valuation. It is not a guaranteed income stream for the receiving side.
Negative funding
Under the same convention, a negative rate means short positions pay long positions. Rates can change or reverse. Price losses, fees and changes in collateral can exceed funding received; the sign alone is not a trading signal.
Hypothetical single-settlement example: a linear position has a value of 10,000 settlement-currency units and a funding rate of 0.01% per 8 hours. The transfer amount is 1 in the same units. A positive rate makes the long pay and the matching short receive under this convention. The actual venue may value or accrue the transfer differently.
Funding Rate Details
- Timing
- Use the exact contract schedule and accrual rules; one venue’s timestamp convention does not apply to every perpetual.
- Rate
- Rates and limits vary by instrument and can change. There is no universal typical range or fixed direction.
- Annualized example
- An unchanged 0.01% every 8 hours gives 10.95% over 365 days by simple addition. This excludes compounding, fees and position-value changes and is not a forecast.
- Payment basis
- Use the venue’s position-value formula and settlement denomination, not the posted margin alone. Continuous accrual also depends on time held.
Perpetual contracts can cause substantial losses. Collateral additions, fees and account obligations can change the amount at risk. This guide is educational and does not establish that a product, leverage level or risk percentage is suitable for you.
Common questions
How do funding payments work?
Under the usual convention, a positive rate makes longs pay shorts and a negative rate reverses that direction. The amount depends on the contract’s position-value formula, denomination, timing and any accrual rules. Receiving funding does not protect against price losses or other costs.
Is there one funding-rate formula?
No. Venues can use different premium and interest components, observation windows, caps, valuation prices and accrual methods. Check the current specifications and rate data for the exact contract. A formula from one venue should not be treated as a universal perpetual-futures rule.
Is funding charged only at a settlement timestamp?
Not universally. Some contracts charge positions held at designated settlement times; others accrue funding while the position is open and settle it later or when the position changes. Closing before a timestamp does not universally mean no funding is owed. Check processing rules near settlement as well.
How should funding-rate extremes be compared?
Identify the venue, contract, timestamp, interval, accrual convention and data coverage before comparing observations. Normalize the time basis explicitly and distinguish a historical observation from an annualized hypothetical. This guide does not establish a verified record ranking or predict how long an extreme rate will persist.
Related Tools & Guides
Methodology, checks and sources
Educational scenarios for linear USDT/USDC and inverse coin-margined contracts. These are not exchange-specific liquidation engines or forecasts.
For derivatives, leverage is notional exposure divided by initial margin. At 8×, 1 unit of margin backs 8 units of exposure; this does not itself create a loan. Spot margin borrowing is a different product.
- Maintenance is fixed at entry. Cross margin models one position backed by the entered wallet balance. Fees, funding, changing risk tiers, other positions and collateral haircuts are excluded. Actual venues can use different formulas and mark-price triggers.
- Size targets a planned loss at an exact stop fill. Fees, funding, gaps and slippage are excluded. The bankruptcy boundary is not the actual liquidation trigger; maintenance and costs can cause earlier liquidation.
- The projection holds rate, position value, mark price and interval constant. It does not model changing rates or actual settlement timestamps. Kraken accrues funding continuously; its hourly equivalent is a comparison basis.
- Annualized % = native rate % × 24 ÷ interval hours × 365. This is simple annualization without compounding, not a promised yield. Missing quotes are not zero rates.
Worked verification examples
- Isolated USDT: entry 65,000, margin 1,000, 10×, maintenance 0.5% → long 58,825; short 71,175.
- The same position with cross collateral 2,000 USDT → long 52,325 USDT.
- Inverse BTC: entry 65,000 USD, margin 0.01 BTC, 10×, maintenance 0.5% → long 59,360.73 USD.
- USDT account 10,000, planned risk 1%, stop distance 5%, 5× → notional 2,000, margin 400, planned loss 100 USDT.
- USDT margin 1,000, 10×, constant 0.01% per 8 hours for 7 days → long pays 21 USDT; short receives the same amount.
Zero entry prices, zero stop distances and maintenance at or above collateral cannot define a valid position. Zero funding produces zero cost; negative funding reverses payer and recipient.
Primary sources
- Bybit · Liquidation rules
- Bybit · Funding fee calculation
- Binance API
- Bybit API
- OKX API
- KuCoin API
- Kraken API
Responsible publisher: MN Media s.r.o.
Model and source checks: . Calculation tests and source review; not an independent financial certification.