Coinbase US lists 28 perpetual markets with funding rate data. The current mean funding rate across Coinbase US perps is 0.71 bps (7.73% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Coinbase US funding rates

• ENA: 7.20 bps (78.84% APY)
• SHIB: 3.04 bps (33.29% APY)
• PEPE: 2.96 bps (32.41% APY)

Lowest Coinbase US funding rates

• CHINA: -4.56 bps (-49.93% APY)
• TECH: -1.92 bps (-21.02% APY)
• ONDO: -1.84 bps (-20.15% APY)

Largest absolute Coinbase US funding rates

Markets with the most extreme Coinbase US funding (positive or negative): ENA (7.20 bps), CHINA (-4.56 bps), SHIB (3.04 bps).

About Coinbase US funding rates

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

Last updated 2026-07-11T11:07:41Z (UTC).