Crypto Funding Rates for Perpetual Futures
| Symbol |  Binance |  OKX |  Bybit |  Bitget |  Hyperliquid |  Gate |  MEXC |  HTX |
|---|---|---|---|---|---|---|---|---|
 BTC | 0.0069% | -0.0006% | 0.0031% | -0.0033% | 0.0013%1h | -0.0090% | 0.0069% | 0.0100% |
 ETH | 0.0010% | -0.0057% | -0.0006% | -0.0094% | 0.0011%1h | -0.0115% | 0.0009% | 0.0055% |
 SOL | -0.0142% | -0.0235% | -0.0210% | -0.0097% | -0.0018%1h | -0.0248% | -0.0142% | 0.0100% |
 HYPE | 0.0050%4h | 0.0074% | 0.0100% | -0.0029%4h | -0.0010%1h | -0.0027%4h | 0.0050%4h | 0.0050% |
XAU | 0.0171%4h | 0.0120% | 0.0263%4h | 0.0058%4h | — | 0.0000%4h | 0.0224%4h | 0.0261% |
 ZEC | 0.0007% | -0.0064% | -0.0032% | -0.0076% | 0.0013%1h | -0.0128% | 0.0006% | 0.0100% |
 XRP | -0.0032% | -0.0031% | -0.0099% | -0.0055% | 0.0005%1h | -0.0076% | -0.0032% | 0.0100% |
NVDA | 0.0572% | 0.0647% | 0.1830% | 0.0319% | — | 0.0389% | — | 0.0892% |
 BNB | 0.0000% | -0.0007% | 0.0070% | 0.0067% | 0.0003%1h | 0.0067% | 0.0000% | 0.0000% |
 XAUT | 0.0050%4h | — | 0.0036%4h | -0.0001%4h | — | 0.0072% | 0.0086%4h | 0.0050% |
SPCX | 0.0538% | 0.0628% | 0.0884% | 0.0265% | — | 0.0028% | — | 0.1036% |
 DOGE | 0.0019% | -0.0072% | -0.0061% | -0.0031% | -0.0009%1h | -0.0096% | 0.0020% | 0.0100% |
 NEAR | 0.0041% | 0.0053% | 0.0080% | 0.0029% | 0.0013%1h | -0.0148% | 0.0038% | 0.0100% |
SNDK | 0.0626% | 0.0525% | 0.1268% | 0.0340% | — | 0.0034% | — | 0.0986% |
SOXL | 0.1747% | 0.1915% | 0.3000% | 0.1228% | — | 0.0413% | 0.1743% | 0.2616% |
XAG | 0.0703%4h | 0.0214% | 0.0039%4h | 0.0485%4h | — | -0.0502%4h | — | 0.0123% |
SKHYNIX | 0.0161%4h | 0.0606% | 0.1029% | 0.0092%4h | — | 0.0000%4h | — | 0.0090% |
 PEPE | -0.0162% | -0.0131% | 0.0006% | -0.0383% | -0.0036%1h | -0.0212% | -0.0160% | 0.0100% |
GOOGL | 0.0105% | — | 0.0000% | 0.0000% | — | 0.0000% | — | 0.0000% |
CL | 0.0000%4h | — | 0.0000% | 0.0000%4h | — | 0.0000% | — | — |
 SUI | -0.0217% | -0.0202% | -0.0326% | -0.0160% | -0.0036%1h | -0.0400% | -0.0217% | -0.0411% |
 LINK | -0.0057% | -0.0027% | -0.0062% | -0.0002% | -0.0017%1h | -0.0124% | -0.0056% | -0.0266% |
 UNI | -0.0000% | -0.0087% | -0.0203% | -0.0100% | -0.0005%1h | -0.0021% | 0.0003% | 0.0100% |
MU | 0.0575% | 0.0597% | 0.1293% | 0.0331% | — | 0.0267% | — | 0.0775% |
 ENA | -0.0012%4h | -0.0108% | -0.0139%4h | 0.0003%4h | 0.0008%1h | -0.0143%4h | -0.0011%4h | 0.0050% |
 LIT | 0.0030%4h | 0.0032%4h | -0.0161%4h | 0.0008%4h | -0.0030%1h | -0.0258%4h | 0.0030%4h | 0.0050% |
 LTC | -0.0048% | 0.0029% | -0.0195% | -0.0096% | 0.0008%1h | -0.0068% | -0.0048% | 0.0100% |
 ADA | -0.0292% | -0.0260% | -0.0349% | -0.0137% | -0.0036%1h | -0.0173% | -0.0291% | 0.0100% |
 XMR | 0.0100% | — | 0.0100% | 0.0100% | 0.0013%1h | 0.0100% | — | 0.0100% |
 AAVE | 0.0022% | -0.0139% | 0.0002% | 0.0083% | 0.0013%1h | -0.0094% | 0.0022% | 0.0100% |
 AVAX | -0.0117% | -0.0117% | -0.0312% | -0.0139% | 0.0008%1h | -0.0162% | -0.0118% | -0.0094% |
 WLD | -0.0553% | -0.0631% | -0.0561% | -0.0555% | -0.0087%1h | -0.0640% | -0.0551% | -0.0223% |
CRCL | 0.0496% | 0.1092% | 0.4685% | 0.0778% | — | 0.0404% | — | — |
 TAO | -0.0031%4h | — | -0.0004%4h | 0.0008%4h | -0.0002%1h | -0.0020%4h | -0.0031%4h | 0.0050% |
QQQ | 0.0000% | — | 0.0000% | 0.0000% | — | 0.0000% | — | 0.0000% |
SKHY | 0.0386% | — | 0.1201% | 0.0170% | — | 0.0000% | — | 0.0586% |
 ASTER | 0.0050%4h | 0.0008%4h | -0.0003%4h | 0.0050%4h | 0.0008%1h | 0.0030%4h | 0.0050%4h | 0.0050% |
 BCH | -0.0105% | -0.0248% | -0.0144% | -0.0058% | -0.0004%1h | -0.0152% | -0.0104% | 0.0100% |
 TRX | -0.0297% | — | -0.0246% | -0.0306% | -0.0005%1h | -0.0157% | -0.0298% | 0.0100% |
MSTR | 0.0181% | 0.0530% | 0.4609% | 0.0711% | — | 0.0074% | — | — |
| Symbol | Binance | OKX | Bybit | Bitget | Hyperliquid | Gate | MEXC | HTX |
|---|---|---|---|---|---|---|---|---|
| BTC | 0.0130% | -0.0001% | 0.0120% | 0.0059% | 0.0154% | 0.0097% | 0.0127% | 0.0259% |
| ETH | -0.0027% | -0.0136% | 0.0048% | -0.0022% | -0.0240% | 0.0015% | -0.0028% | 0.0242% |
| SOL | -0.0240% | -0.0144% | -0.0076% | -0.0273% | -0.0065% | -0.0169% | -0.0239% | 0.0300% |
| XRP | -0.0011% | -0.0044% | -0.0102% | -0.0311% | -0.0294% | -0.0094% | -0.0011% | 0.0300% |
| DOGE | 0.0000% | -0.0053% | -0.0127% | -0.0060% | -0.0529% | -0.0031% | -0.0003% | 0.0300% |
| BNB | 0.0000% | -0.0040% | 0.0159% | 0.0091% | 0.0062% | 0.0186% | 0.0000% | 0.0000% |
| ADA | -0.0505% | -0.0472% | -0.0341% | -0.0207% | -0.0550% | -0.0488% | -0.0501% | 0.0300% |
| LINK | -0.0023% | -0.0060% | -0.0114% | -0.0037% | -0.0268% | 0.0007% | -0.0022% | -0.0300% |
| AVAX | -0.0327% | -0.0406% | -0.0362% | -0.0296% | -0.0522% | -0.0226% | -0.0327% | -0.0004% |
| TRX | -0.0688% | -0.0771% | -0.0829% | -0.0948% | -0.1061% | -0.0788% | -0.0688% | 0.0160% |
| LTC | -0.0108% | 0.0024% | 0.0017% | -0.0215% | -0.0149% | -0.0122% | -0.0109% | 0.0300% |
 DOT | -0.0171% | -0.0724% | -0.0241% | -0.0167% | 0.0141% | -0.0345% | -0.0164% | -0.0482% |
| HYPE | 0.0112% | 0.0210% | 0.0300% | -0.0048% | 0.0094% | -0.0247% | 0.0112% | 0.0264% |
| SUI | -0.0293% | -0.0266% | -0.0302% | -0.0149% | -0.0523% | -0.0408% | -0.0293% | -0.0213% |
| Symbol | Binance | OKX | Bybit | Bitget | Hyperliquid | Gate | MEXC | HTX |
|---|---|---|---|---|---|---|---|---|
| BTC | 0.1379% | 0.0995% | 0.1255% | 0.1309% | 0.1621% | 0.1326% | 0.1368% | 0.2034% |
| ETH | 0.0488% | -0.0077% | 0.0737% | 0.0535% | 0.0567% | 0.0327% | 0.0483% | 0.1982% |
| SOL | 0.0488% | 0.0485% | 0.0390% | -0.0190% | 0.0164% | 0.0810% | 0.0485% | 0.1961% |
| XRP | 0.1332% | 0.0980% | 0.0745% | -0.0118% | 0.0320% | 0.1030% | 0.1331% | 0.2100% |
| DOGE | 0.0782% | 0.0442% | -0.0156% | 0.0448% | -0.1607% | 0.1134% | 0.0781% | 0.2100% |
| BNB | 0.0641% | 0.0499% | 0.0279% | 0.0760% | 0.1242% | 0.1158% | 0.0638% | 0.0000% |
| ADA | -0.0278% | 0.0150% | -0.0085% | -0.0506% | -0.0837% | -0.0612% | -0.0283% | -0.0810% |
| LINK | 0.1076% | 0.0907% | 0.0839% | 0.0336% | 0.0205% | 0.0622% | 0.1075% | -0.0087% |
| AVAX | 0.0080% | -0.0306% | -0.0484% | 0.0289% | -0.1997% | -0.0013% | 0.0080% | 0.1375% |
| TRX | -0.1635% | -0.2354% | -0.2772% | -0.2613% | -0.2135% | -0.0676% | -0.1635% | 0.0688% |
| LTC | 0.0337% | 0.0300% | 0.0472% | -0.0085% | 0.0519% | -0.0171% | 0.0338% | 0.1931% |
| DOT | 0.0195% | -0.2107% | -0.0240% | 0.0561% | 0.0200% | 0.0032% | 0.0197% | 0.1012% |
| HYPE | 0.1715% | 0.0880% | 0.1217% | 0.0376% | 0.1373% | 0.0551% | 0.1709% | 0.1915% |
| SUI | 0.0347% | 0.0016% | -0.0169% | 0.0586% | 0.0370% | -0.0254% | 0.0344% | 0.1094% |
| Symbol | Binance | OKX | Bybit | Bitget | Hyperliquid | Gate | MEXC | HTX |
|---|---|---|---|---|---|---|---|---|
| BTC | 0.6282% | 0.6168% | 0.5658% | 0.5828% | 0.7866% | 0.5888% | 0.6259% | 0.5837% |
| ETH | 0.3466% | 0.3166% | 0.3035% | 0.3955% | 0.5284% | 0.3391% | 0.3441% | 0.1799% |
| SOL | 0.4407% | 0.3657% | 0.2794% | 0.2933% | 0.4554% | 0.3432% | 0.4392% | 0.4092% |
| XRP | 0.6172% | 0.4309% | 0.2428% | 0.3823% | 0.6294% | 0.4907% | 0.6161% | 0.7000% |
| DOGE | 0.4381% | 0.4036% | 0.0122% | 0.2547% | 0.3533% | 0.4051% | 0.4376% | 0.7344% |
| BNB | 0.2914% | 0.2460% | -0.0189% | 0.3678% | 0.4385% | 0.4783% | 0.2884% | -0.0089% |
| ADA | 0.2543% | 0.0714% | 0.1400% | 0.1872% | -0.3145% | 0.2198% | 0.2550% | 0.0723% |
| LINK | 0.4949% | 0.4345% | 0.2246% | 0.3712% | 0.5693% | 0.4230% | 0.4940% | 0.3880% |
| AVAX | 0.2192% | 0.2367% | 0.0960% | 0.3104% | 0.0086% | 0.2387% | 0.2193% | 0.2522% |
| TRX | -0.7297% | -2.5419% | -1.0548% | -1.0073% | -1.0314% | -0.7796% | -0.7335% | -0.8800% |
| LTC | 0.4133% | 0.3280% | 0.2028% | 0.3863% | 0.5496% | 0.2699% | 0.4127% | 0.5894% |
| DOT | 0.1700% | -0.2815% | 0.1516% | 0.4273% | 0.1740% | 0.3079% | 0.1675% | 0.5368% |
| HYPE | 0.6939% | 0.5266% | 0.5340% | 0.3565% | 0.9857% | 0.4911% | 0.5818% | 0.4509% |
| SUI | 0.3946% | 0.2613% | 0.0957% | 0.2646% | 0.4980% | 0.1159% | 0.3891% | 0.4808% |
| Symbol | Binance | OKX | Bybit | Bitget | Hyperliquid | Gate | MEXC | HTX |
|---|---|---|---|---|---|---|---|---|
| BTC | 2.69% | 0.70% | 1.05% | 0.75% | 1.14% | 0.63% | 0.67% | 0.58% |
| ETH | 1.82% | 0.36% | 0.75% | 0.55% | 0.88% | 0.38% | 0.37% | 0.18% |
| SOL | 1.04% | 0.46% | 0.53% | 0.49% | 0.77% | 0.36% | 0.53% | 0.41% |
| XRP | 1.23% | 0.46% | 0.68% | 0.51% | 1.02% | 0.51% | 0.61% | 0.70% |
| DOGE | 2.51% | 0.51% | 0.52% | 0.49% | 0.81% | 0.50% | 0.51% | 0.73% |
| BNB | 1.87% | 0.35% | 0.23% | 0.54% | 0.74% | 0.53% | 0.31% | -0.01% |
| ADA | 1.16% | 0.20% | 0.69% | -0.00% | -0.38% | 0.28% | 0.32% | 0.07% |
| LINK | 2.65% | 0.49% | 0.82% | 0.54% | 0.89% | 0.44% | 0.59% | 0.39% |
| AVAX | 1.38% | 0.34% | 0.62% | 0.50% | 0.31% | 0.26% | 0.30% | 0.25% |
| TRX | -7.06% | -3.03% | -3.19% | -1.36% | -1.82% | -1.05% | -1.29% | -0.88% |
| LTC | 2.11% | 0.42% | 0.81% | 0.65% | 0.98% | 0.29% | 0.48% | 0.59% |
| DOT | 1.13% | -0.25% | 1.05% | 0.71% | 0.49% | 0.45% | 0.25% | 0.54% |
| HYPE | 1.81% | 0.57% | 0.86% | 0.36% | 1.37% | 0.52% | 0.58% | 0.45% |
| SUI | 2.06% | 0.33% | 0.76% | 0.38% | 0.93% | 0.16% | 0.49% | 0.48% |
Funding rate heatmap · daily total
BTCETHSOLXRPDOGEBNBADALINKAVAXTRXBTCETHSOLXRPDOGEBNBADALINKAVAXTRXBTCETHSOLXRPDOGEBNBADALINKAVAXTRXBTC funding rate history
Long low · short high · 8h-normalised
Funding rate arbitrage
| Symbol | Long on | Short on | Rate spread · 8h | APR | Next funding |
|---|---|---|---|---|---|
MSTR | 0.4535% | 496.54% | 4h 7m | ||
CRCL | 0.4281% | 468.79% | 4h 7m | ||
SOXL | 0.2587% | 283.28% | 4h 7m | ||
XAG | 0.2411% | 263.96% | 0h 7m | ||
NVDA | 0.1511% | 165.42% | 4h 7m | ||
SNDK | 0.1234% | 135.10% | 4h 7m | ||
SKHY | 0.1201% | 131.56% | 4h 7m | ||
SKHYNIX | 0.1029% | 112.64% | 0h 7m | ||
MU | 0.1026% | 112.37% | 4h 7m | ||
SPCX | 0.1008% | 110.33% | 4h 7m | ||
| LITLighter | 0.0580% | 63.49% | 0h 7m | ||
XAU | 0.0527% | 57.68% | 0h 7m |
A funding rate is the periodic payment that holders of perpetual futures exchange with each other to keep the contract price close to spot. Perpetuals have no expiry date to pull them back to spot, so funding does that job. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs. The exchange does not keep the payment; it passes from one side of the market to the other.
What drives the rate
Funding combines a premium component, which measures how far the perpetual trades above or below its index (spot) price, and on several large venues an interest-rate component. Under the formula those venues publish, the default interest term is 0.01% per 8-hour period, so when the premium is small the rate settles at that baseline. That is why many contracts show exactly 0.0100%.
A rate well above the baseline means traders are paying a premium to hold leveraged longs. A negative rate means short demand is pushing the perpetual below spot.
How to read the figures
OI-weighted vs. volume-weighted. The BTC and ETH headline rates are cross-exchange averages. The OI-weighted version gives more weight to venues with more contracts held open; the volume-weighted version gives more weight to venues with more trading. When the two differ, the venues where positions sit and the venues where activity happens are charging different rates.
Per settlement and interval. Exchange rates are per settlement, not per day. Most contracts settle every 8 hours, but superscripts mark 4-hour and 1-hour intervals. A 1-hour rate is charged eight times as often as an 8-hour rate, so the same percentage does not mean the same cost.
APR. To annualize, multiply the rate by the number of settlements in a year. Hypothetical example: a rate of 0.01% every 8 hours is 3 settlements a day × 365 days, so 0.01% × 1,095 = 10.95% a year. This assumes the rate stays constant, which it rarely does over long periods.
Cumulative tables. The 1-day, 7-day, 30-day and 1-year views add up the funding actually charged over each period, a better guide to the real carrying cost of a position than a single current reading.
Heatmap and history chart. The heatmap shows daily total funding by coin on Binance, OKX and Bybit over the last two weeks. The history chart plots Binance BTC funding against BTC price over 7-day to 1-year windows, showing whether rising prices came with rising funding.
What the payment costs you
Funding is charged on the notional value of a position, not on the margin posted. Hypothetical example: a $10,000 long at 0.01% pays $1 at settlement, whether it is backed by $1,000 or $10,000 of margin. At 10x leverage that $1 is 0.1% of the margin per settlement. You pay or receive funding only if you hold the position at the settlement time.
Funding rate arbitrage
The arbitrage table pairs a long on the exchange with the lowest rate and a short on the one with the highest, normalized to 8 hours. The APR shown assumes the spread holds for a full year. In practice it does not account for trading fees, price differences between venues, rates that change at the next settlement, or the margin required on both legs.
The list also includes perpetuals on stocks and commodities such as GOOGL, NVDA and crude oil (CL, BZ). These often show the most extreme rates.
About this page
Written by Crypto Desk
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