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
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| KALSHI | 8.90 bps | 97.45% APY | 0.10 bps | $158.45M |
| WOOFIPRO | 8.00 bps | 87.60% APY | 1.10 bps | $59.56M |
| BULLET | 8.00 bps | 87.60% APY | 4.00 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 US | 1.60 bps | 17.52% APY | 0.90 bps | $250.23M |
| BINANCE | 1.00 bps | 10.95% APY | 0.60 bps | $11.71B |
| GATEIO | 1.00 bps | 10.95% APY | 0.50 bps | $3.67B |
| BYBIT | 1.00 bps | 10.95% APY | 0.70 bps | $3.64B |
| HYPERLIQUID | 1.00 bps | 10.95% APY | 1.00 bps | $1.67B |
| KUCOIN | 1.00 bps | 10.95% APY | 0.60 bps | $543.31M |
| HUOBI | 1.00 bps | 10.95% APY | 0.50 bps | $509.11M |
| PACIFICA | 1.00 bps | 10.95% APY | 0.70 bps | $401.03M |
| GRVT | 1.00 bps | 10.95% APY | 1.00 bps | $378.36M |
| RISEX | 1.00 bps | 10.95% APY | 0.20 bps | $42.80M |
| DECIBEL | 1.00 bps | 10.95% APY | 0.90 bps | $19.55M |
| EDGEX | 1.00 bps | 10.95% APY | 1.00 bps | $19.42M |
| HYENA | 1.00 bps | 10.95% APY | 0.90 bps | $1.00M |
| BLUEFIN | 1.00 bps | 10.95% APY | 0.10 bps | $191.73K |
| LIGHTER | 0.80 bps | 8.76% APY | 0.60 bps | $504.92M |
| CRYPTOCOM | 0.80 bps | 8.76% APY | 0.70 bps | $330.39M |
| PARADEX | 0.80 bps | 8.76% APY | 0.80 bps | $2.11M |
| BITGET | 0.70 bps | 7.66% APY | 0.40 bps | $2.48B |
| VARIATIONAL | 0.70 bps | 7.66% APY | 0.60 bps | $338.91M |
| ETHEREAL | 0.70 bps | 7.66% APY | 0.80 bps | $3.72M |
| PHEMEX | 0.60 bps | 6.57% APY | 0.50 bps | $617.72M |
| EXTENDED | 0.60 bps | 6.57% APY | 0.80 bps | $178.16M |
| OKX | -0.50 bps | -5.47% APY | 0.60 bps | $5.66B |
| ASTER | 0.50 bps | 5.47% APY | 0.90 bps | $697.06M |
| REYA | 0.40 bps | 4.38% APY | 1.10 bps | $79.09M |
| COINBASE INTL | 0.30 bps | 3.28% APY | 0.30 bps | $3.39B |
| BINGX | 0.30 bps | 3.28% APY | 0.50 bps | $1.41B |
| HIBACHI | 0.30 bps | 3.28% APY | 0.00 bps | $7.29M |
| MEXC | 0.20 bps | 2.19% APY | 0.60 bps | $4.23B |
| NADO | 0.20 bps | 2.19% APY | 0.50 bps | $54.34M |
| ZO | 0.10 bps | 1.09% APY | 0.00 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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Related: BTC open interest, BTC volume, BTC perp market data.