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QFEX funding rate history

QFEX lists 180 perpetual markets with funding rate data. The current mean funding rate across QFEX perps is 0.13 bps (1.46% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest QFEX funding rates

  • NATGAS: 24.00 bps (262.80% APY)
  • BB: 1.60 bps (17.52% APY)
  • JPM: 0.80 bps (8.76% APY)

Lowest QFEX funding rates

  • CL: -17.60 bps (-192.72% APY)
  • EBAY: -1.60 bps (-17.52% APY)
  • BX: -0.80 bps (-8.76% APY)

Largest absolute QFEX funding rates

Markets with the most extreme QFEX funding (positive or negative): NATGAS (24.00 bps), CL (-17.60 bps), EBAY (-1.60 bps).

About QFEX funding rates

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

Last updated 2026-09-09T20:16:02Z (UTC).

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FAQs

QFEX funding rate questions

QFEX currently reports funding for 180 perpetual futures markets with a mean 8-hour-normalized rate of +0.13 bps.

  • What is the average funding rate on QFEX?

    The mean funding rate across 180 QFEX perpetual markets is +0.13 bps, equivalent to +1.5% annualized after normalizing each market to an 8-hour basis.

  • Which QFEX perpetual has the highest funding rate?

    NATGAS has the highest current QFEX funding rate at +24.00 bps, or +262.8% annualized.

  • Which QFEX perpetual has the lowest funding rate?

    CL has the lowest current QFEX funding rate at -17.60 bps, or -192.7% annualized.

  • Which QFEX market has the most extreme funding?

    NATGAS has the largest absolute funding rate on QFEX at +24.00 bps. Absolute magnitude identifies the market furthest from a flat rate, regardless of sign.

  • What does a positive QFEX funding rate mean?

    A positive normalized rate means longs pay shorts on that QFEX perpetual. A negative rate means shorts pay longs. The payment direction is market-specific and can differ across symbols on the same venue.

Related: QFEX open interest, QFEX volume, QFEX market data.