TRADEXYZ lists 101 perpetual markets with funding rate data. The current mean funding rate across TRADEXYZ perps is 1.21 bps (13.26% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest TRADEXYZ funding rates

• SHAZ: 45.96 bps (503.21% APY)
• ZHIPU: 42.71 bps (467.71% APY)
• MINIMAX: 34.49 bps (377.64% APY)

Lowest TRADEXYZ funding rates

• BIRD: -79.04 bps (-865.54% APY)
• SOFTBANK: -31.55 bps (-345.50% APY)
• CBRS: -14.66 bps (-160.56% APY)

Largest absolute TRADEXYZ funding rates

Markets with the most extreme TRADEXYZ funding (positive or negative): BIRD (-79.04 bps), SHAZ (45.96 bps), ZHIPU (42.71 bps).

About TRADEXYZ funding rates

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

Last updated 2026-07-20T07:17:04Z (UTC).