4 Funding Rate History
4 perpetual futures funding ranges from -14.40 bps on KUCOIN to 23.90 bps on GATEIO across 11 reporting venues, a spread of 38.30 bps. The most extreme rate (261.70% APY annualized) is on GATEIO. Currently funding signs are mixed: 10 positive, 1 negative.
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on 4 price.
4 Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| GATEIO | 23.90 bps | 261.70% APY | 5.90 bps | $296.77K |
| KUCOIN | -14.40 bps | -157.68% APY | 0.90 bps | $216.11K |
| EXTENDED | 2.90 bps | 31.75% APY | 5.00 bps | $5.13K |
| BINANCE | 1.00 bps | 10.95% APY | 1.80 bps | $2.67M |
| BINGX | 1.00 bps | 10.95% APY | 4.80 bps | $357.94K |
| BITGET | 1.00 bps | 10.95% APY | 1.60 bps | $311.19K |
| BYBIT | 1.00 bps | 10.95% APY | 4.90 bps | $269.03K |
| PHEMEX | 1.00 bps | 10.95% APY | 1.00 bps | $169.40K |
| MEXC | 1.00 bps | 10.95% APY | 1.80 bps | $139.00K |
| ASTER | 1.00 bps | 10.95% APY | 1.10 bps | $16.81K |
| VARIATIONAL | 1.00 bps | 10.95% APY | 4.20 bps | $1.22K |
Last updated 2026-05-17T13:59:52.777745Z (UTC).
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Related: 4 open interest, 4 volume, 4 perp market data.