4 Funding Rate History
4 perpetual futures funding ranges from 1.00 bps on PHEMEX to 20.80 bps on KUCOIN across 10 reporting venues, a spread of 19.80 bps. The most extreme rate (227.76% APY annualized) is on KUCOIN. Currently all venues currently report positive funding (longs paying shorts).
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 |
|---|---|---|---|---|
| KUCOIN | 20.80 bps | 227.76% APY | 11.20 bps | $170.39K |
| GATEIO | 18.10 bps | 198.19% APY | 4.60 bps | $104.48K |
| MEXC | 9.00 bps | 98.55% APY | 3.80 bps | $117.63K |
| BINANCE | 8.80 bps | 96.36% APY | 3.80 bps | $1.75M |
| BINGX | 8.80 bps | 96.36% APY | 7.70 bps | $1.22M |
| ASTER | 7.70 bps | 84.31% APY | 4.50 bps | $23.11K |
| VARIATIONAL | 4.60 bps | 50.37% APY | 7.30 bps | $2.63K |
| BITGET | 4.10 bps | 44.89% APY | 2.50 bps | $52.04K |
| BYBIT | 3.20 bps | 35.04% APY | 6.80 bps | $266.57K |
| PHEMEX | 1.00 bps | 10.95% APY | 1.00 bps | $97.24K |
Last updated 2026-06-27T15:20:32Z (UTC).
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Related: 4 open interest, 4 volume, 4 perp market data.