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Bitcoin (BTC) Funding Rate History

Bitcoin (BTC) perpetual futures funding ranges from -6.00 bps on HOTSTUFF to 8.90 bps on KALSHI across 37 reporting venues, a spread of 14.90 bps. The most extreme rate (97.45% APY annualized) is on KALSHI. Currently funding signs are mixed: 33 positive, 4 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

ExchangeCurrent Funding (bps)Funding APY7-Day Avg Funding (bps)24h Volume
KALSHI8.90 bps97.45% APY0.10 bps$158.45M
WOOFIPRO8.00 bps87.60% APY1.10 bps$59.56M
BULLET8.00 bps87.60% APY4.00 bps$1.32M
HOTSTUFF-6.00 bps-65.70% APY-4.10 bps$886.57K
PHOENIX-2.00 bps-21.90% APY-1.50 bps$858.69K
COINBASE US1.60 bps17.52% APY0.90 bps$250.23M
BINANCE1.00 bps10.95% APY0.60 bps$11.71B
GATEIO1.00 bps10.95% APY0.50 bps$3.67B
BYBIT1.00 bps10.95% APY0.70 bps$3.64B
HYPERLIQUID1.00 bps10.95% APY1.00 bps$1.67B
KUCOIN1.00 bps10.95% APY0.60 bps$543.31M
HUOBI1.00 bps10.95% APY0.50 bps$509.11M
PACIFICA1.00 bps10.95% APY0.70 bps$401.03M
GRVT1.00 bps10.95% APY1.00 bps$378.36M
RISEX1.00 bps10.95% APY0.20 bps$42.80M
DECIBEL1.00 bps10.95% APY0.90 bps$19.55M
EDGEX1.00 bps10.95% APY1.00 bps$19.42M
HYENA1.00 bps10.95% APY0.90 bps$1.00M
BLUEFIN1.00 bps10.95% APY0.10 bps$191.73K
LIGHTER0.80 bps8.76% APY0.60 bps$504.92M
CRYPTOCOM0.80 bps8.76% APY0.70 bps$330.39M
PARADEX0.80 bps8.76% APY0.80 bps$2.11M
BITGET0.70 bps7.66% APY0.40 bps$2.48B
VARIATIONAL0.70 bps7.66% APY0.60 bps$338.91M
ETHEREAL0.70 bps7.66% APY0.80 bps$3.72M
PHEMEX0.60 bps6.57% APY0.50 bps$617.72M
EXTENDED0.60 bps6.57% APY0.80 bps$178.16M
OKX-0.50 bps-5.47% APY0.60 bps$5.66B
ASTER0.50 bps5.47% APY0.90 bps$697.06M
REYA0.40 bps4.38% APY1.10 bps$79.09M
COINBASE INTL0.30 bps3.28% APY0.30 bps$3.39B
BINGX0.30 bps3.28% APY0.50 bps$1.41B
HIBACHI0.30 bps3.28% APY0.00 bps$7.29M
MEXC0.20 bps2.19% APY0.60 bps$4.23B
NADO0.20 bps2.19% APY0.50 bps$54.34M
ZO0.10 bps1.09% APY0.00 bps$4.57M
VEST-0.10 bps-1.09% APY-0.10 bps$3.12M

Last updated 2026-07-16T08:24:35Z (UTC).

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