Brent Crude Oil (BRENT) Funding Rate History
Brent Crude Oil (BRENT) perpetual futures funding ranges from 0.00 bps on PHEMEX to 1.50 bps on HOTSTUFF across 6 reporting venues, a spread of 1.50 bps. The most extreme rate (16.42% APY annualized) is on HOTSTUFF. 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 BRENT price.
BRENT Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| HOTSTUFF | 1.50 bps | 16.42% APY | -1.00 bps | $527.02K |
| HUOBI | 1.00 bps | 10.95% APY | 1.00 bps | $912.98K |
| TRADEXYZ | 0.50 bps | 5.47% APY | -1.80 bps | $214.68M |
| LIGHTER | 0.30 bps | 3.28% APY | -2.50 bps | $8.35M |
| EXTENDED | 0.30 bps | 3.28% APY | -2.90 bps | $2.19M |
| PHEMEX | 0.00 bps | 0.00% APY | 0.00 bps | $156.66K |
Last updated 2026-06-15T20:26:21.124855Z (UTC).
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Related: BRENT open interest, BRENT volume, BRENT perp market data.