4 Funding Rate History
4 perpetual futures funding ranges from -11.00 bps on KUCOIN to 5.20 bps on GATEIO across 10 reporting venues, a spread of 16.20 bps. The most extreme rate (-120.45% APY annualized) is on KUCOIN. Currently funding signs are mixed: 9 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 |
|---|---|---|---|---|
| KUCOIN | -11.00 bps | -120.45% APY | 10.90 bps | $163.43K |
| GATEIO | 5.20 bps | 56.94% APY | 4.60 bps | $106.85K |
| BINGX | 1.60 bps | 17.52% APY | 7.60 bps | $1.23M |
| MEXC | 1.40 bps | 15.33% APY | 3.80 bps | $116.17K |
| BINANCE | 1.30 bps | 14.23% APY | 3.80 bps | $1.84M |
| BYBIT | 1.00 bps | 10.95% APY | 6.60 bps | $246.03K |
| PHEMEX | 1.00 bps | 10.95% APY | 1.00 bps | $95.49K |
| BITGET | 1.00 bps | 10.95% APY | 2.30 bps | $61.81K |
| ASTER | 1.00 bps | 10.95% APY | 4.40 bps | $24.08K |
| VARIATIONAL | 1.00 bps | 10.95% APY | 7.10 bps | $2.63K |
Last updated 2026-06-27T17:43:04Z (UTC).
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Related: 4 open interest, 4 volume, 4 perp market data.