PAYP Funding Rate History
PAYP perpetual futures funding ranges from -36.00 bps on BINANCE to 6.40 bps on GRVT across 7 reporting venues, a spread of 42.40 bps. The most extreme rate (-394.20% APY annualized) is on BINANCE. Currently funding signs are mixed: 3 positive, 3 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 PAYP price.
PAYP Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| BINANCE | -36.00 bps | -394.20% APY | -3.30 bps | $811.30K |
| ASTER | -23.80 bps | -260.61% APY | -1.20 bps | $98.44 |
| KUCOIN | -18.40 bps | -201.48% APY | 0.50 bps | $480.34K |
| GRVT | 6.40 bps | 70.08% APY | -2.50 bps | $829.52K |
| GATEIO | 1.00 bps | 10.95% APY | 1.00 bps | $15.38K |
| HUOBI | 1.00 bps | 10.95% APY | 1.00 bps | $1.06K |
| PHEMEX | 0.00 bps | 0.00% APY | n/a | $6.83K |
Last updated 2026-06-01T15:08:33.895828Z (UTC).
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Related: PAYP open interest, PAYP volume, PAYP perp market data.