Drift Protocol (DRIFT) Funding Rate History
Drift Protocol (DRIFT) perpetual futures funding ranges from 1.00 bps on BINGX to 1.00 bps on BINGX across 9 reporting venues, a spread of 0.00 bps. The most extreme rate (10.95% APY annualized) is on BINGX. 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 DRIFT price.
DRIFT Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| BINGX | 1.00 bps | 10.95% APY | 1.00 bps | $6.53M |
| BINANCE | 1.00 bps | 10.95% APY | 1.00 bps | $1.23M |
| BYBIT | 1.00 bps | 10.95% APY | 1.00 bps | $468.38K |
| MEXC | 1.00 bps | 10.95% APY | 1.00 bps | $112.91K |
| BITGET | 1.00 bps | 10.95% APY | 1.00 bps | $85.37K |
| PHEMEX | 1.00 bps | 10.95% APY | 0.90 bps | $83.83K |
| GATEIO | 1.00 bps | 10.95% APY | 0.60 bps | $58.95K |
| KUCOIN | 1.00 bps | 10.95% APY | 0.00 bps | $32.80K |
| VARIATIONAL | 1.00 bps | 10.95% APY | 0.80 bps | $0 |
Last updated 2026-07-16T05:51:25Z (UTC).
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Related: DRIFT open interest, DRIFT volume, DRIFT perp market data.