PAYP Funding Rate History
PAYP perpetual futures funding ranges from 0.00 bps on GRVT to 1.00 bps on KUCOIN across 7 reporting venues, a spread of 1.00 bps. The most extreme rate (10.95% 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 PAYP price.
PAYP Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| KUCOIN | 1.00 bps | 10.95% APY | -1.10 bps | $137.61K |
| GATEIO | 1.00 bps | 10.95% APY | 0.80 bps | $69.69K |
| HUOBI | 1.00 bps | 10.95% APY | 1.00 bps | $3.99K |
| GRVT | 0.00 bps | 0.00% APY | 2.40 bps | $961.40K |
| BINANCE | 0.00 bps | 0.00% APY | -1.40 bps | $501.82K |
| ASTER | 0.00 bps | 0.00% APY | -0.40 bps | $4.47K |
| PHEMEX | 0.00 bps | 0.00% APY | 0.00 bps | $3.30K |
Last updated 2026-07-16T16:36:16Z (UTC).
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Related: PAYP open interest, PAYP volume, PAYP perp market data.