Magic Eden (ME) Funding Rate History
Magic Eden (ME) perpetual futures funding ranges from -9.80 bps on KUCOIN to 18.10 bps on CRYPTOCOM across 13 reporting venues, a spread of 27.90 bps. The most extreme rate (198.19% APY annualized) is on CRYPTOCOM. Currently funding signs are mixed: 6 positive, 5 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 ME price.
ME Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| CRYPTOCOM | 18.10 bps | 198.19% APY | 8.40 bps | $16.05 |
| KUCOIN | -9.80 bps | -107.31% APY | -0.50 bps | $20.47K |
| HYPERLIQUID | -4.80 bps | -52.56% APY | -1.00 bps | $171.31K |
| ASTER | -3.00 bps | -32.85% APY | -1.10 bps | $935.22 |
| GATEIO | -1.90 bps | -20.80% APY | -1.60 bps | $108.84K |
| BINGX | 1.00 bps | 10.95% APY | -0.30 bps | $1.31M |
| BYBIT | 1.00 bps | 10.95% APY | -0.90 bps | $876.12K |
| OKX | -1.00 bps | -10.95% APY | -0.50 bps | $851.67K |
| BITGET | 1.00 bps | 10.95% APY | -0.40 bps | $290.68K |
| VARIATIONAL | 1.00 bps | 10.95% APY | 0.30 bps | $933.69 |
| REYA | 0.30 bps | 3.28% APY | -0.60 bps | $0 |
| BINANCE | 0.00 bps | 0.00% APY | -1.60 bps | $2.79M |
| MEXC | 0.00 bps | 0.00% APY | -1.60 bps | $126.88K |
Last updated 2026-07-17T05:00:45Z (UTC).
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Related: ME open interest, ME volume, ME perp market data.