HD Funding Rate History
HD perpetual futures funding ranges from -4.90 bps on KUCOIN to 11.40 bps on GRVT across 9 reporting venues, a spread of 16.30 bps. The most extreme rate (124.83% APY annualized) is on GRVT. Currently funding signs are mixed: 4 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 HD price.
HD Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| GRVT | 11.40 bps | 124.83% APY | 0.40 bps | $127.14K |
| KUCOIN | -4.90 bps | -53.66% APY | -3.40 bps | $15.22K |
| HUOBI | 1.00 bps | 10.95% APY | 1.00 bps | $39.05K |
| GATEIO | 1.00 bps | 10.95% APY | 1.00 bps | $6.07K |
| VEST | 0.50 bps | 5.47% APY | 0.50 bps | $0 |
| ASTER | 0.00 bps | 0.00% APY | 0.10 bps | $290.39K |
| BINANCE | 0.00 bps | 0.00% APY | 0.00 bps | $284.87K |
| VARIATIONAL | 0.00 bps | 0.00% APY | n/a | $55.65K |
| PHEMEX | 0.00 bps | 0.00% APY | n/a | $21.04K |
Last updated 2026-07-11T03:11:45Z (UTC).
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Related: HD open interest, HD volume, HD perp market data.