PAYP Funding Rate History
PAYP perpetual futures funding ranges from 0.00 bps on BINANCE to 15.80 bps on KUCOIN across 4 reporting venues, a spread of 15.80 bps. The most extreme rate (173.01% 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 | 15.80 bps | 173.01% APY | 6.80 bps | $5.78K |
| GRVT | 1.00 bps | 10.95% APY | 2.10 bps | $530.54K |
| BINANCE | 0.00 bps | 0.00% APY | 3.00 bps | $117.86K |
| PHEMEX | 0.00 bps | 0.00% APY | n/a | $1.99K |
Last updated 2026-05-17T12:33:33.684028Z (UTC).
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Related: PAYP open interest, PAYP volume, PAYP perp market data.