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MCD Funding Rate History

MCD perpetual futures funding ranges from 0.50 bps on VEST to 10.00 bps on KUCOIN across 3 reporting venues, a spread of 9.50 bps. The most extreme rate (109.50% APY annualized) is on KUCOIN. 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 MCD price.

MCD Per-Exchange Funding Rates

ExchangeCurrent Funding (bps)Funding APY7-Day Avg Funding (bps)24h Volume
KUCOIN10.00 bps109.50% APY6.00 bps$371.11K
GATEIO1.00 bps10.95% APY1.00 bps$6.51K
VEST0.50 bps5.47% APY0.50 bps$0

Last updated 2026-06-01T15:08:33.895828Z (UTC).

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