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Perpetual funding rates: compare and calculate

Compare funding rates. Understand your holding cost.

The same coin can carry very different funding rates on different exchanges. We put 2495 USDT perpetuals from 6 exchanges side by side: who charges less, how many settlements your trade will hit, and what was actually paid.

Live Updated · refreshed every 2 minutes

Highest rate (longs pay most)IRYS · Bybit+0.5946%every 1h Lowest rate (shorts pay most)BTW · OKX-0.4194%every 1h Biggest gap between exchangesIRYS5.1736%OKX → Bybit, per 8h
Next settlement23:00Oct 23, 23:00 UTC

One coin, funding rates across exchanges

Biggest gaps now:Majors:
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“Per 8h” only puts different intervals side by side; each exchange still settles on its own interval. The current estimate can change before settlement and is not what was actually paid. Missing periods are not counted as zero.

Settled funding, added up

Each settled rate we recorded, added up. Lines break where records are missing, and a single period with gaps on both sides shows as a dot; a break does not mean no funding was charged.

Recent settlements (up to 10 per exchange)
ExchangeSettlement time (UTC)Settled rateRecord status

Major coins (per 8h)

CoinBinanceOKXBybitBitgetGateHTX
BTC +0.0053%+0.0100%+0.0100%+0.0100%+0.0089%+0.0100%
ETH +0.0022%+0.0037%+0.0036%+0.0032%+0.0053%+0.0100%
SOL +0.0088%+0.0080%+0.0039%+0.0100%+0.0100%-0.0061%
XRP +0.0100%+0.0100%+0.0100%+0.0100%+0.0099%+0.0100%
DOGE +0.0100%+0.0100%+0.0078%+0.0081%+0.0068%+0.0100%
BNB +0.0000%+0.0083%+0.0067%+0.0031%+0.0100%-0.0299%
SUI +0.0038%+0.0052%+0.0030%+0.0027%+0.0013%+0.0100%
HYPE +0.0096%4h+0.0100%+0.0100%+0.0100%4h+0.0100%4h+0.0100%4h
ADA -0.0009%-0.0087%-0.0123%-0.0070%-0.0016%+0.0100%
LINK +0.0034%+0.0032%+0.0042%+0.0070%+0.0058%+0.0100%
PEPE +0.0100%+0.0100%+0.0100%+0.0100%+0.0022%+0.0100%
AVAX -0.0003%-0.0025%-0.0035%+0.0086%-0.0031%+0.0100%
LTC -0.0039%+0.0013%-0.0074%+0.0067%-0.0038%+0.0100%
TRX -0.0158%-0.0200%-0.0325%-0.0081%-0.0192%+0.0008%
WLD -0.0085%+0.0044%-0.0113%-0.0101%+0.0024%+0.0100%
ENA +0.0100%4h+0.0060%+0.0100%4h+0.0100%4h+0.0084%4h+0.0100%4h

Lowest Highest In each row, longs save on the lowest rate and shorts receive more on the highest. 1h and 4h intervals are converted to 8h so they compare directly; the superscript is that exchange’s interval. All 661 coins →

Tools

Holding cost calculatorEnter size, side and holding time to see funding plus fees on all 6 exchanges. Funding rate arbitrageLong where funding is lowest, short where it is highest: the spread per 8h and how fast it covers fees. 30-day settled rankingWhich contracts made longs or shorts pay the most over the last 30 days. Settlement timesWhich contracts settle every 1, 4 or 8 hours, and recent interval changes. New listingsPerpetuals listed in the last 30 days and their funding rates.

What is a funding rate?

Perpetual futures never expire, so exchanges use the funding rate to keep the contract price close to spot. When the contract trades above spot the rate is positive and longs pay shorts; below spot it is negative and shorts pay longs. The money moves between traders; the exchange does not keep it.

At each settlement (usually every 8 or 4 hours), anyone holding a position pays or receives position value × rate. A 10,000 USDT long at 0.01% pays 1 USDT for that period. You only pay if you still hold the position at the settlement time.

Data sources and methodology →