Bitcoin (BTC) Funding Rate History
Bitcoin (BTC) perpetual futures funding ranges from -2.30 bps on PARADEX to 16.40 bps on DRIFT across 34 reporting venues, a spread of 18.70 bps. The most extreme rate (179.58% APY annualized) is on DRIFT. Currently funding signs are mixed: 28 positive, 6 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 BTC price.
BTC Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| DRIFT | 16.40 bps | 179.58% APY | n/a | $0 |
| PARADEX | -2.30 bps | -25.18% APY | 0.40 bps | $3.69M |
| HOTSTUFF | -1.70 bps | -18.61% APY | 0.70 bps | $2.16M |
| KUCOIN | 1.50 bps | 16.42% APY | 0.00 bps | $308.47M |
| PHOENIX | -1.50 bps | -16.42% APY | -0.50 bps | $4.39M |
| PACIFICA | 1.20 bps | 13.14% APY | 0.20 bps | $260.67M |
| BINGX | 1.10 bps | 12.04% APY | -0.30 bps | $864.62M |
| AFTERMATH | -1.10 bps | -12.04% APY | -1.00 bps | $0 |
| BITGET | 1.00 bps | 10.95% APY | 0.30 bps | $2.15B |
| EDGEX | 1.00 bps | 10.95% APY | 0.60 bps | $319.99M |
| GRVT | 1.00 bps | 10.95% APY | 0.20 bps | $249.61M |
| EXTENDED | 1.00 bps | 10.95% APY | 0.30 bps | $132.97M |
| ETHEREAL | 1.00 bps | 10.95% APY | 0.40 bps | $8.21M |
| BLUEFIN | 1.00 bps | 10.95% APY | 1.00 bps | $1.66M |
| VEST | 1.00 bps | 10.95% APY | 1.00 bps | $1.49M |
| NADO | 0.90 bps | 9.86% APY | 0.00 bps | $76.50M |
| HYENA | 0.90 bps | 9.86% APY | -0.20 bps | $4.15M |
| DECIBEL | 0.90 bps | 9.86% APY | 0.80 bps | $0 |
| CRYPTOCOM | 0.80 bps | 8.76% APY | -0.10 bps | $389.03M |
| VARIATIONAL | 0.70 bps | 7.66% APY | 0.60 bps | $368.75M |
| WOOFIPRO | 0.70 bps | 7.66% APY | 0.60 bps | $9.52M |
| LIGHTER | 0.60 bps | 6.57% APY | -0.20 bps | $486.97M |
| HUOBI | 0.60 bps | 6.57% APY | -0.20 bps | $9.43M |
| HYPERLIQUID | 0.50 bps | 5.47% APY | 0.20 bps | $1.72B |
| RISEX | -0.50 bps | -5.47% APY | 0.50 bps | $7.60M |
| OKX | 0.40 bps | 4.38% APY | 0.30 bps | $4.13B |
| ASTER | 0.40 bps | 4.38% APY | -0.10 bps | $622.18M |
| BINANCE | 0.30 bps | 3.28% APY | 0.30 bps | $9.39B |
| MEXC | -0.30 bps | -3.28% APY | 0.30 bps | $4.04B |
| PHEMEX | 0.30 bps | 3.28% APY | 0.30 bps | $599.57M |
| REYA | 0.20 bps | 2.19% APY | 0.70 bps | $56.51M |
| ZO | 0.20 bps | 2.19% APY | -0.30 bps | $5.73M |
| GATEIO | 0.10 bps | 1.09% APY | 0.10 bps | $3.10B |
| HIBACHI | 0.10 bps | 1.09% APY | -0.10 bps | $13.75M |
Last updated 2026-05-16T19:49:50.343137Z (UTC).
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Related: BTC open interest, BTC volume, BTC perp market data.