Funding by Exchange

Funding rates across all exchanges

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Exchange ↑	Slug	Links

FAQs

Perpetual futures funding by exchange questions

The exchange directory links to venue-specific rate distributions, histories, and symbol-level funding comparisons.

How do you compare funding rates across exchanges?
Compare the same symbol, quote currency, and normalized funding period. Then account for each venue's settlement schedule, trading fees, liquidity, margin rules, and any difference between the perpetual and its reference price.
Why can the same perpetual have different funding rates by exchange?
Each venue has its own order flow, leverage demand, index construction, and funding formula. Those differences can leave one market crowded long while another is balanced or crowded short.
Do all exchanges settle perpetual funding every 8 hours?
No. Common schedules include one, four, and eight hours, and some venues use more frequent or adaptive payments. The directory reports venue details while Loris normalizes rates for comparison.
Why look at historical funding instead of only the current rate?
A current rate is one observation. History shows whether a venue's rate is persistent, mean-reverting, unusually volatile, or only briefly dislocated around a market event.
Is the exchange with the best funding rate always the best venue?
No. A favorable rate can be outweighed by thin liquidity, high fees, limited position capacity, operational risk, or a funding payment that changes before settlement.