What is the average funding rate on Bluefin?
The mean funding rate across 8 Bluefin perpetual markets is +2.10 bps, equivalent to +23.0% annualized after normalizing each market to an 8-hour basis.
Bluefin lists 8 perpetual markets with funding rate data. The current mean funding rate across Bluefin perps is 2.10 bps (22.97% APY) (8h-normalized so it can be compared across venues with different funding intervals).
Markets with the most extreme Bluefin funding (positive or negative): WAL (21.63 bps), DEEP (-10.69 bps), XAU (1.72 bps).
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 2026-10-06T04:56:33Z (UTC).
FAQs
Bluefin currently reports funding for 8 perpetual futures markets with a mean 8-hour-normalized rate of +2.10 bps.
The mean funding rate across 8 Bluefin perpetual markets is +2.10 bps, equivalent to +23.0% annualized after normalizing each market to an 8-hour basis.
WAL has the highest current Bluefin funding rate at +21.63 bps, or +236.8% annualized.
DEEP has the lowest current Bluefin funding rate at -10.69 bps, or -117.1% annualized.
WAL has the largest absolute funding rate on Bluefin at +21.63 bps. Absolute magnitude identifies the market furthest from a flat rate, regardless of sign.
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.
Top movers
Top 8 symbols by absolute 8h-normalized rate
Rate distribution
Symbol counts across funding rate buckets (8h bps)
Symbol ↑ | Name | Rate | Links |
|---|
| Bitcoin | 1.0 | ||
| DeepBook | -10.7 | ||
| Ethereum | 1.0 | ||
| Hyperliquid | 1.0 | ||
| Solana | 1.0 | ||
| Sui | 0.1 | ||
| Walrus | 21.6 | ||
| Gold | 1.7 |