Small Thing (ST) Funding Rate History
Small Thing (ST) perpetual futures funding ranges from -2.40 bps on MEXC to -1.70 bps on BINGX across 2 reporting venues, a spread of 0.70 bps. The most extreme rate (-26.28% APY annualized) is on MEXC. Currently all venues currently report negative funding (shorts paying longs).
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 ST price.
ST Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| MEXC | -2.40 bps | -26.28% APY | 2.90 bps | $82.88K |
| BINGX | -1.70 bps | -18.61% APY | 3.00 bps | $730.07K |
Last updated 2026-05-31T17:37:15.957817Z (UTC).
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Related: ST open interest, ST volume, ST perp market data.