Coinbase US lists 28 perpetual markets with funding rate data. The current mean funding rate across Coinbase US perps is 0.46 bps (5.07% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Coinbase US funding rates

• HYPE: 3.12 bps (34.16% APY)
• SHIB: 3.04 bps (33.29% APY)
• PEPE: 2.72 bps (29.78% APY)

Lowest Coinbase US funding rates

• ENA: -7.76 bps (-84.97% APY)
• TECH: -3.12 bps (-34.16% APY)
• ONDO: -2.00 bps (-21.90% APY)

Largest absolute Coinbase US funding rates

Markets with the most extreme Coinbase US funding (positive or negative): ENA (-7.76 bps), HYPE (3.12 bps), TECH (-3.12 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 2026-07-06T13:39:01Z (UTC).