Bitcoin (BTC) Funding Rate History
Bitcoin (BTC) perpetual futures funding ranges from -2.00 bps on PHOENIX to 8.00 bps on BULLET across 37 reporting venues, a spread of 10.00 bps. The most extreme rate (87.60% APY annualized) is on BULLET. Currently funding signs are mixed: 33 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 BTC price.
BTC Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| BULLET | 8.00 bps | 87.60% APY | 3.90 bps | $1.27M |
| WOOFIPRO | 6.60 bps | 72.27% APY | 1.00 bps | $59.24M |
| HOTSTUFF | 2.20 bps | 24.09% APY | -4.10 bps | $1.01M |
| PHOENIX | -2.00 bps | -21.90% APY | -1.50 bps | $905.48K |
| COINBASE US | 1.60 bps | 17.52% APY | 0.90 bps | $242.17M |
| OKX | -1.20 bps | -13.14% APY | 0.60 bps | $5.29B |
| MEXC | -1.20 bps | -13.14% APY | 0.60 bps | $4.11B |
| HYPERLIQUID | 1.00 bps | 10.95% APY | 1.00 bps | $1.54B |
| KUCOIN | 1.00 bps | 10.95% APY | 0.60 bps | $519.56M |
| HUOBI | 1.00 bps | 10.95% APY | 0.50 bps | $477.90M |
| PACIFICA | 1.00 bps | 10.95% APY | 0.70 bps | $398.54M |
| GRVT | 1.00 bps | 10.95% APY | 1.00 bps | $366.18M |
| EXTENDED | 1.00 bps | 10.95% APY | 0.80 bps | $170.60M |
| DECIBEL | 1.00 bps | 10.95% APY | 0.90 bps | $18.80M |
| EDGEX | 1.00 bps | 10.95% APY | 1.00 bps | $18.15M |
| HYENA | 1.00 bps | 10.95% APY | 0.90 bps | $993.77K |
| BLUEFIN | 1.00 bps | 10.95% APY | 0.10 bps | $180.00K |
| PHEMEX | 0.90 bps | 9.86% APY | 0.50 bps | $610.72M |
| VARIATIONAL | 0.90 bps | 9.86% APY | 0.60 bps | $332.17M |
| ETHEREAL | 0.90 bps | 9.86% APY | 0.80 bps | $3.50M |
| GATEIO | 0.80 bps | 8.76% APY | 0.50 bps | $3.46B |
| NADO | 0.80 bps | 8.76% APY | 0.50 bps | $49.08M |
| BYBIT | 0.70 bps | 7.66% APY | 0.70 bps | $3.42B |
| LIGHTER | 0.70 bps | 7.66% APY | 0.60 bps | $480.93M |
| VEST | 0.70 bps | 7.66% APY | -0.10 bps | $2.91M |
| PARADEX | 0.70 bps | 7.66% APY | 0.80 bps | $1.70M |
| BINANCE | 0.60 bps | 6.57% APY | 0.60 bps | $10.87B |
| BITGET | 0.60 bps | 6.57% APY | 0.40 bps | $2.23B |
| ASTER | 0.60 bps | 6.57% APY | 0.90 bps | $652.74M |
| RISEX | 0.50 bps | 5.47% APY | 0.20 bps | $41.01M |
| CRYPTOCOM | 0.40 bps | 4.38% APY | 0.70 bps | $321.38M |
| REYA | 0.40 bps | 4.38% APY | 1.10 bps | $79.04M |
| COINBASE INTL | 0.30 bps | 3.28% APY | 0.30 bps | $3.32B |
| BINGX | 0.30 bps | 3.28% APY | 0.50 bps | $1.37B |
| HIBACHI | 0.30 bps | 3.28% APY | 0.00 bps | $5.71M |
| ZO | 0.20 bps | 2.19% APY | 0.00 bps | $4.38M |
| KALSHI | 0.00 bps | 0.00% APY | 0.10 bps | $158.45M |
Last updated 2026-07-16T07:43:43Z (UTC).
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Related: BTC open interest, BTC volume, BTC perp market data.