Coinbase US lists 29 perpetual markets with funding rate data. The current mean funding rate across Coinbase US perps is 1.11 bps (12.11% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Coinbase US funding rates

• US 500: 5.68 bps (62.20% APY)
• ENA: 4.16 bps (45.55% APY)
• ADA: 3.92 bps (42.92% APY)

Lowest Coinbase US funding rates

• ZEC: -6.96 bps (-76.21% APY)
• DOT: -1.28 bps (-14.02% APY)
• ONDO: -0.48 bps (-5.26% APY)

Largest absolute Coinbase US funding rates

Markets with the most extreme Coinbase US funding (positive or negative): ZEC (-6.96 bps), US 500 (5.68 bps), ENA (4.16 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 2026-08-20T15:09:56Z (UTC).