Non-Playable Coin (NPC) Funding Rate History
Non-Playable Coin (NPC) perpetual futures funding ranges from 4.00 bps on MEXC to 6.20 bps on KUCOIN across 2 reporting venues, a spread of 2.20 bps. The most extreme rate (67.89% 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 NPC price.
NPC Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| KUCOIN | 6.20 bps | 67.89% APY | 10.60 bps | $16.64K |
| MEXC | 4.00 bps | 43.80% APY | 1.90 bps | $75.67K |
Last updated 2026-05-31T19:48:22.889609Z (UTC).
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Related: NPC open interest, NPC volume, NPC perp market data.