Coinbase lists 147 perpetual markets with funding rate data. The current mean funding rate across Coinbase perps is 1.13 bps (12.39% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Coinbase funding rates

• KAIO: 233.28 bps (2554.42% APY)
• RED: 33.60 bps (367.92% APY)
• SAND: 15.84 bps (173.45% APY)

Lowest Coinbase funding rates

• BIRB: -81.76 bps (-895.27% APY)
• ZORA: -27.36 bps (-299.59% APY)
• CHIP: -10.96 bps (-120.01% APY)

Largest absolute Coinbase funding rates

Markets with the most extreme Coinbase funding (positive or negative): KAIO (233.28 bps), BIRB (-81.76 bps), RED (33.60 bps).

About Coinbase funding rates

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

Last updated 2026-07-02T11:35:21Z (UTC).