USDC Funding Rate History
USDC perpetual futures funding ranges from -0.50 bps on GATEIO to 0.80 bps on KUCOIN across 6 reporting venues, a spread of 1.30 bps. The most extreme rate (8.76% APY annualized) is on KUCOIN. Currently funding signs are mixed: 2 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 USDC price.
USDC Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| KUCOIN | 0.80 bps | 8.76% APY | 0.10 bps | $7.59K |
| BITGET | 0.70 bps | 7.66% APY | -0.30 bps | $6.18K |
| GATEIO | -0.50 bps | -5.47% APY | -0.50 bps | $6.31K |
| BINANCE | -0.20 bps | -2.19% APY | -0.20 bps | $1.60M |
| MEXC | -0.20 bps | -2.19% APY | -0.20 bps | $464.92K |
| OKX | 0.00 bps | 0.00% APY | -0.30 bps | $236.37K |
Last updated 2026-05-31T19:48:22.889609Z (UTC).
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Related: USDC open interest, USDC volume, USDC perp market data.