What is a perpetual funding rate and how does it work?

A perpetual funding rate is a periodic payment exchanged between long and short holders of a perpetual futures contract to keep the perp price tethered to the spot price. Most exchanges settle funding every 8 hours; some (like Hyperliquid and Drift) settle hourly or continuously. When the rate is positive, longs pay shorts; when negative, shorts pay longs.

How do I find the highest funding rate for a coin?

Open the coin's detail page (for example /funding/coin/btc) to see live funding rates from every supported exchange ranked by basis points and annualized APY. The page also shows a 30-day historical chart and a heatmap so you can identify which exchanges consistently pay the highest funding for that asset.

How can I use funding rates for arbitrage?

When the same coin has very different funding rates across exchanges, you can go long on the exchange paying the lowest (or most negative) rate and short on the exchange paying the highest rate. The position is delta-neutral, so price moves cancel out and you collect the funding-rate spread. Use the per-coin pages to spot the largest cross-exchange spreads.

How often is funding rate data on Loris Tools updated?

Live funding rates are pulled from each exchange roughly every 30 seconds. Per-coin and per-exchange pages refresh on a 5-minute ISR window for crawlability and a few seconds in the user's browser via React Query. Historical data is sourced from ClickHouse and refreshed hourly.

Why are some coins missing or only listed on a few exchanges?

Loris Tools tracks every coin that has at least one listed perpetual futures contract on a supported exchange. New listings, low-volume tokens, and stock-perp synthetics may only appear on one or two venues until more exchanges list them.

Funding by Coin

1,592 symbols · 30+ exchanges

⌘K

Name	Symbol	Exchanges ↓

Bitcoin	BTC	39
Hyperliquid	HYPE	39
Ethereum	ETH	39
Solana	SOL	39
XRP	XRP	37
Crude Oil	CL	34
Silver	XAG	34
BNB	BNB	34
Sui	SUI	34
Sandisk	SNDK	33
SpaceX	SPCX	33
Dogecoin	DOGE	33
Tesla	TSLA	32
Aave	AAVE	32
Micron	MU	32
NEAR Protocol	NEAR	32
Gold	XAU	32
Zcash	ZEC	32
Lighter	LIT	31
Chainlink	LINK	31
Bittensor	TAO	31
Alphabet	GOOGL	31
NVIDIA	NVDA	31
Ethena	ENA	30
Cardano	ADA	30
Circle	CRCL	30
Apple	AAPL	30
Meta Platforms	META	30
MicroStrategy	MSTR	30
Microsoft	MSFT	30
Ondo	ONDO	30
Intel	INTC	30
Roundhill Memory ETF	DRAM	29
Pepe	PEPE	29
Litecoin	LTC	28
Amazon	AMZN	28
Robinhood	HOOD	28
AMD	AMD	28
Worldcoin	WLD	27
Pump.fun	PUMP	27
Fartcoin	FARTCOIN	27
Jupiter	JUP	27
Plasma	XPL	27
Nebius Group	NBIS	27
Avalanche	AVAX	27
Marvell Technology	MRVL	27
Palantir	PLTR	27
Uniswap	UNI	26
Bitcoin Cash	BCH	26
Brent Crude Oil	BRENT	26

FAQs

Frequently Asked Questions

What is a perpetual funding rate and how does it work?
A perpetual funding rate is a periodic payment exchanged between long and short holders of a perpetual futures contract to keep the perp price tethered to the spot price. Most exchanges settle funding every 8 hours; some (like Hyperliquid and Drift) settle hourly or continuously. When the rate is positive, longs pay shorts; when negative, shorts pay longs.
How do I find the highest funding rate for a coin?
Open the coin's detail page (for example /funding/coin/btc) to see live funding rates from every supported exchange ranked by basis points and annualized APY. The page also shows a 30-day historical chart and a heatmap so you can identify which exchanges consistently pay the highest funding for that asset.
How can I use funding rates for arbitrage?
When the same coin has very different funding rates across exchanges, you can go long on the exchange paying the lowest (or most negative) rate and short on the exchange paying the highest rate. The position is delta-neutral, so price moves cancel out and you collect the funding-rate spread. Use the per-coin pages to spot the largest cross-exchange spreads.
How often is funding rate data on Loris Tools updated?
Live funding rates are pulled from each exchange roughly every 30 seconds. Per-coin and per-exchange pages refresh on a 5-minute ISR window for crawlability and a few seconds in the user's browser via React Query. Historical data is sourced from ClickHouse and refreshed hourly.
Why are some coins missing or only listed on a few exchanges?
Loris Tools tracks every coin that has at least one listed perpetual futures contract on a supported exchange. New listings, low-volume tokens, and stock-perp synthetics may only appear on one or two venues until more exchanges list them.