Based (BASED) Funding Rate History
Based (BASED) perpetual futures funding ranges from -11.50 bps on KUCOIN to 8.50 bps on HYENA across 16 reporting venues, a spread of 20.00 bps. The most extreme rate (-125.92% APY annualized) is on KUCOIN. Currently funding signs are mixed: 13 positive, 3 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 BASED price.
BASED Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| KUCOIN | -11.50 bps | -125.92% APY | -0.50 bps | $1.67M |
| HYENA | 8.50 bps | 93.07% APY | -3.70 bps | $84.01K |
| CRYPTOCOM | -2.10 bps | -23.00% APY | -10.10 bps | $2.80K |
| OKX | 1.00 bps | 10.95% APY | -1.60 bps | $37.63M |
| BINANCE | 1.00 bps | 10.95% APY | 0.10 bps | $18.47M |
| BINGX | 1.00 bps | 10.95% APY | 1.00 bps | $1.72M |
| PHEMEX | 1.00 bps | 10.95% APY | 1.00 bps | $1.27M |
| GATEIO | 1.00 bps | 10.95% APY | 0.00 bps | $831.00K |
| GRVT | 1.00 bps | 10.95% APY | 1.00 bps | $715.96K |
| MEXC | 1.00 bps | 10.95% APY | 0.10 bps | $446.23K |
| HUOBI | 1.00 bps | 10.95% APY | 1.00 bps | $47.36K |
| WOOFIPRO | 1.00 bps | 10.95% APY | 0.10 bps | $37.29K |
| ASTER | 1.00 bps | 10.95% APY | 1.00 bps | $2.81K |
| BITGET | 0.40 bps | 4.38% APY | 0.60 bps | $1.38M |
| BYBIT | 0.30 bps | 3.28% APY | -0.10 bps | $2.85M |
| VARIATIONAL | -0.20 bps | -2.19% APY | 0.00 bps | $23.75K |
Last updated 2026-05-20T19:45:58.642200Z (UTC).
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Related: BASED open interest, BASED volume, BASED perp market data.