Drift Protocol (DRIFT) Funding Rate History
Drift Protocol (DRIFT) perpetual futures funding ranges from -143.20 bps on DRIFT to 1.00 bps on BINGX across 10 reporting venues, a spread of 144.20 bps. The most extreme rate (-1568.04% APY annualized) is on DRIFT. Currently funding signs are mixed: 7 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 DRIFT price.
DRIFT Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| DRIFT | -143.20 bps | -1568.04% APY | n/a | $0 |
| KUCOIN | -16.30 bps | -178.48% APY | 5.00 bps | $151.76K |
| BINGX | 1.00 bps | 10.95% APY | 3.40 bps | $6.54M |
| BINANCE | 1.00 bps | 10.95% APY | 0.90 bps | $3.04M |
| BYBIT | 1.00 bps | 10.95% APY | 1.00 bps | $1.32M |
| BITGET | 1.00 bps | 10.95% APY | -3.20 bps | $257.96K |
| PHEMEX | 1.00 bps | 10.95% APY | 1.00 bps | $208.65K |
| MEXC | 1.00 bps | 10.95% APY | 0.90 bps | $142.32K |
| VARIATIONAL | 1.00 bps | 10.95% APY | 1.20 bps | $1.71K |
| GATEIO | -0.40 bps | -4.38% APY | 7.40 bps | $400.70K |
Last updated 2026-06-07T01:33:16.221997Z (UTC).
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Related: DRIFT open interest, DRIFT volume, DRIFT perp market data.