Funding rates, live.
BTC funding is +0.0059%/8h on Binance and +0.0068%/8h on Bybit as of 12:40 UTC; 523 of 732 assets have positive funding.
Most positive, most negative and widest exchange gap count only contracts with at least $10.00M of 24h volume.
Perpetual Contract Funding Rates
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Filters
| Calculate funding cost | |||
|---|---|---|---|
| BTC/USDT Binance | ↗+0.0059%/8h 16:00 UTC | +6.51% | Calculate funding cost |
| ETH/USDT Binance | ↗+0.0065%/8h 16:00 UTC | +7.16% | Calculate funding cost |
| ETH/USDT | ↗+0.0100%/8h 16:00 UTC | +10.95% | Calculate funding cost |
| BTC/USDT | ↗+0.0100%/8h 16:00 UTC | +10.95% | Calculate funding cost |
| BTC/USDT | ↗+0.0068%/8h 16:00 UTC | +7.48% | Calculate funding cost |
| ETH/USDT | ↗+0.0060%/8h 16:00 UTC | +6.58% | Calculate funding cost |
| ZEC/USDT Binance | ↗+0.0054%/8h 16:00 UTC | +5.90% | Calculate funding cost |
| SOL/USDT Binance | ↗+0.0100%/8h 16:00 UTC | +10.95% | Calculate funding cost |
| ZEC/USDT | ↗+0.0100%/8h 16:00 UTC | +10.95% | Calculate funding cost |
| SOL/USDT | ↗+0.0100%/8h 16:00 UTC | +10.95% | Calculate funding cost |
| AIN/USDT Binance | ↗+0.0523%/4h 16:00 UTC | +114.52% | Calculate funding cost |
| XRP/USDT Binance | ↗+0.0100%/8h 16:00 UTC | +10.95% | Calculate funding cost |
| PEPE/USDT×1,000 Binance | ↗+0.0263%/8h 16:00 UTC | +28.84% | Calculate funding cost |
| HYPE/USDT Binance | ↗+0.0015%/4h 16:00 UTC | +3.31% | Calculate funding cost |
| EVAA/USDT Binance | ↗+0.0402%/4h 16:00 UTC | +88.11% | Calculate funding cost |
| NEAR/USDT Binance | ↗+0.0100%/8h 16:00 UTC | +10.95% | Calculate funding cost |
| BNB/USDT Binance | ↗+0.0130%/8h 16:00 UTC | +14.27% | Calculate funding cost |
| SOL/USDT | ↗+0.0100%/8h 16:00 UTC | +10.95% | Calculate funding cost |
| BTC/USDT | ↗+0.0023%/8h 16:00 UTC | +2.52% | Calculate funding cost |
| BTC/USD | ↘-0.0001%/1h — · next ≈ +0.0006% | -0.94% | Calculate funding cost |
| APR/USDT Binance | ↗+0.0146%/4h 16:00 UTC | +31.96% | Calculate funding cost |
| ZEC/USDT | ↗+0.0090%/8h 16:00 UTC | +9.87% | Calculate funding cost |
| Q/USDT Binance | ↘-0.0629%/4h 16:00 UTC | -137.80% | Calculate funding cost |
| PEPE/USDT | ↗+0.0100%/8h 16:00 UTC | +10.95% | Calculate funding cost |
| ENA/USDT Binance | ↘-0.0005%/4h 16:00 UTC | -1.20% | Calculate funding cost |
| DOGE/USDT Binance | ↗+0.0100%/8h 16:00 UTC | +10.95% | Calculate funding cost |
| XRP/USDT | ↗+0.0100%/8h 16:00 UTC | +10.95% | Calculate funding cost |
| BULLA/USDT Binance | ↗+0.0050%/4h 16:00 UTC | +10.95% | Calculate funding cost |
| NEAR/USDT | ↗+0.0091%/8h 16:00 UTC | +9.99% | Calculate funding cost |
| XRP/USDT | ↗+0.0100%/8h 16:00 UTC | +10.95% | Calculate funding cost |
Venue data observed at 12:40 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
How these funding rates are collected and computed
Each row is a perpetual contract on Binance, Bybit, OKX, KuCoin or Kraken, read from that exchange's public market-data API (sources below). A rate is the exchange's current estimate for its next settlement, not a settled payment, and each contract settles on its exchange's own clock, from every hour to every eight hours. Kraken quotes funding as an amount per contract, so its rate is that amount divided by the mark price. Where an exchange publishes its predicted next rate, the table shows it under the current rate. The line under the table gives the time of the data and names any exchange that did not answer.
- Annualized % = native rate % × 24 ÷ interval hours × 365. This is simple annualization without compounding, not a promised yield. Missing quotes are not zero rates.
- “7d avg” is the mean of the rates recorded today and on the previous six UTC days, each annualized with its own interval: an estimate, not actual payments. The sparkline plots the seven daily means, and a day with no recorded rate is left blank rather than bridged.
- “BTC funding now” shows Binance's BTC/USDT rate for its own interval, or the largest BTC book when Binance does not list it, and “Next settlement” follows that contract's clock. “Median rate” is the median across assets of the annualized rate, using one book per asset (its largest by 24h turnover), quoted as an 8h equivalent (annualized ÷ 1,095). “Pairs positive / negative” counts each asset once, on that same book.
- “Most positive” and “Most negative” name the contract with the highest and the lowest annualized rate among contracts with at least $10.00M of 24h turnover; “Widest exchange gap” is the largest gap between exchanges on one asset (the dearest minus the cheapest annualized rate) over those same contracts. Thinner books are left out: their extreme rates are not ones a reader can trade.
- “vs index” under a mark price is the premium of that mark price over the exchange's own spot index, (mark − index) ÷ index, shown when the exchange publishes an index price.
- “By pair” puts every exchange's contract on the same base asset in one row, so Kraken's BTC/USD contract sits next to the other exchanges' BTC/USDT contracts. Each exchange contributes its largest book on that asset, and “Gap” is the dearest minus the cheapest annualized rate across exchanges, in percentage points.
- The asset filter starts on “Crypto”, which also covers crypto index contracts. Contracts on stocks, commodities and forex have their own filters, and “All assets” lists every class together.
- A dash means there is no value: the exchange does not list that contract, did not answer, or has no recorded history for it yet. Dashes are left out of every average, median and count.
Primary sources
- Binance API
- Bybit API
- OKX API
- KuCoin API
- Kraken API