USDC Funding Rate History
USDC perpetual futures funding ranges from -0.40 bps on BINANCE to 1.00 bps on KUCOIN across 6 reporting venues, a spread of 1.40 bps. The most extreme rate (10.95% 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 | 1.00 bps | 10.95% APY | 0.60 bps | $4.89K |
| GATEIO | 0.50 bps | 5.47% APY | 0.10 bps | $3.13K |
| BINANCE | -0.40 bps | -4.38% APY | 0.00 bps | $64.45M |
| MEXC | -0.40 bps | -4.38% APY | 0.00 bps | $217.22K |
| BITGET | -0.30 bps | -3.28% APY | 0.10 bps | $7.13K |
| OKX | 0.00 bps | 0.00% APY | 0.00 bps | $34.47K |
Last updated 2026-07-16T05:51:25Z (UTC).
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Related: USDC open interest, USDC volume, USDC perp market data.