USDC Funding Rate History
USDC perpetual futures funding ranges from -1.40 bps on GATEIO to 0.00 bps on OKX across 6 reporting venues, a spread of 1.40 bps. The most extreme rate (-15.33% APY annualized) is on GATEIO. 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 USDC price.
USDC Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| GATEIO | -1.40 bps | -15.33% APY | -0.70 bps | $3.21K |
| BITGET | -1.20 bps | -13.14% APY | -0.60 bps | $20.96K |
| BINANCE | -0.40 bps | -4.38% APY | -0.20 bps | $3.33M |
| MEXC | -0.40 bps | -4.38% APY | -0.20 bps | $258.35K |
| KUCOIN | -0.10 bps | -1.09% APY | 0.40 bps | $1.23K |
| OKX | 0.00 bps | 0.00% APY | n/a | $31.43K |
Last updated 2026-05-19T09:12:29.913371Z (UTC).
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Related: USDC open interest, USDC volume, USDC perp market data.