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ES Funding Rate History

ES perpetual futures funding ranges from -368.00 bps on CRYPTOCOM to 1.00 bps on KUCOIN across 3 reporting venues, a spread of 369.00 bps. The most extreme rate (-4029.60% APY annualized) is on CRYPTOCOM. Currently funding signs are mixed: 2 positive, 1 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 ES price.

ES Per-Exchange Funding Rates

ExchangeCurrent Funding (bps)Funding APY7-Day Avg Funding (bps)24h Volume
CRYPTOCOM-368.00 bps-4029.60% APY-2.90 bps$129.82
KUCOIN1.00 bps10.95% APY-38.10 bps$0
VEST0.50 bps5.47% APY0.50 bps$0

Last updated 2026-08-10T11:58:18Z (UTC).

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