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Bluefin funding rate history

Bluefin lists 8 perpetual markets with funding rate data. The current mean funding rate across Bluefin perps is 6.07 bps (66.44% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Bluefin funding rates

  • DEEP: 53.92 bps (590.39% APY)
  • WAL: 3.60 bps (39.37% APY)
  • HYPE: 1.00 bps (10.95% APY)

Lowest Bluefin funding rates

  • SOL: -9.84 bps (-107.73% APY)
  • SUI: -2.20 bps (-24.06% APY)
  • BTC: 0.06 bps (0.70% APY)

Largest absolute Bluefin funding rates

Markets with the most extreme Bluefin funding (positive or negative): DEEP (53.92 bps), SOL (-9.84 bps), WAL (3.60 bps).

About Bluefin funding rates

Funding payments keep Bluefin perpetual contracts pinned to the underlying spot price. A positive Bluefin funding rate means longs pay shorts — the long side is crowded and willing to pay to hold the position. A negative Bluefin funding rate means shorts pay longs. All rates on this page are normalized to an 8-hour basis so Bluefin can be compared directly with venues that fund hourly, every 4 hours, or on any other schedule.

Last updated 2026-08-21T16:52:30Z (UTC).

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FAQs

Bluefin funding rate questions

Bluefin currently reports funding for 8 perpetual futures markets with a mean 8-hour-normalized rate of +6.07 bps.

  • What is the average funding rate on Bluefin?

    The mean funding rate across 8 Bluefin perpetual markets is +6.07 bps, equivalent to +66.4% annualized after normalizing each market to an 8-hour basis.

  • Which Bluefin perpetual has the highest funding rate?

    DEEP has the highest current Bluefin funding rate at +53.92 bps, or +590.4% annualized.

  • Which Bluefin perpetual has the lowest funding rate?

    SOL has the lowest current Bluefin funding rate at -9.84 bps, or -107.7% annualized.

  • Which Bluefin market has the most extreme funding?

    DEEP has the largest absolute funding rate on Bluefin at +53.92 bps. Absolute magnitude identifies the market furthest from a flat rate, regardless of sign.

  • What does a positive Bluefin funding rate mean?

    A positive normalized rate means longs pay shorts on that Bluefin perpetual. A negative rate means shorts pay longs. The payment direction is market-specific and can differ across symbols on the same venue.

Related: Bluefin open interest, Bluefin volume, Bluefin market data.