Steem (STEEM) Funding Rate History
Steem (STEEM) perpetual futures funding ranges from -106.10 bps on PHEMEX to -15.30 bps on GATEIO across 11 reporting venues, a spread of 90.80 bps. The most extreme rate (-1161.79% APY annualized) is on PHEMEX. 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 STEEM price.
STEEM Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| PHEMEX | -106.10 bps | -1161.79% APY | -10.30 bps | $970.44K |
| BITGET | -68.70 bps | -752.26% APY | -4.90 bps | $1.67M |
| HUOBI | -62.90 bps | -688.75% APY | -4.70 bps | $1.08M |
| BINGX | -62.50 bps | -684.38% APY | -4.60 bps | $1.26M |
| BYBIT | -61.40 bps | -672.33% APY | -6.30 bps | $2.47M |
| BINANCE | -53.60 bps | -586.92% APY | -3.90 bps | $15.57M |
| MEXC | -53.10 bps | -581.44% APY | -3.90 bps | $127.18K |
| VARIATIONAL | -46.50 bps | -509.17% APY | -5.10 bps | $6.50K |
| KUCOIN | -34.00 bps | -372.30% APY | -8.30 bps | $206.33K |
| ASTER | -24.80 bps | -271.56% APY | -0.40 bps | $5.03K |
| GATEIO | -15.30 bps | -167.53% APY | -8.10 bps | $378.08K |
Last updated 2026-05-23T13:51:53.108447Z (UTC).
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Related: STEEM open interest, STEEM volume, STEEM perp market data.