Bitcoin (BTC) — Funding Rates
Perpetual futures funding rates across exchanges
Bitcoin (BTC) perpetual futures currently show funding across 47 markets, averaging 0.0282% per interval. The highest rate is 0.5100%.
A positive rate means longs pay shorts — a signal of crowded long positioning; a negative rate means shorts pay longs. Use this page to compare funding across venues and spot markets where the annualized rate is attractive.
Markets with Funding
47
Highest Rate
0.5100%
Lowest Rate
-0.0160%
Total Perp Markets
47
Current Funding Rates
| Exchange | Pair | Funding Rate | Annualized APR | Interval | Price | Volume (24h) |
|---|---|---|---|---|---|---|
| Gate | BTC/BTC | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $6,779,043,052.88 | $442.98B |
| Binance | BTC/USDT | +0.0024% | +0.0% | 8000h · 8:00:00 AM | $82,300.10 | $13.37B |
| Gate | BTC/USDT | -0.0044% | -0.0% | 8000h · 12:00:00 AM | $82,300.60 | $6.05B |
| Bybit | BTC/USDT | -0.0003% | -0.0% | 8000h · 8:00:00 AM | $82,313.48 | $5.35B |
| Pionex | BTC/USDT | +0.0039% | +0.0% | 8000h · 8:00:00 AM | $82,314.68 | $5.3B |
| Deribit | BTC/USDC | +0.0085% | +0.0% | 8000h | $82,356.54 | $3.68B |
| Binance | BTC/USDC | +0.0033% | +0.0% | 8000h · 8:00:00 AM | $82,294.96 | $3.64B |
| MEXC | BTC/USDT | +0.0024% | +0.0% | 8000h · 8:00:00 AM | $82,303.59 | $3.14B |
| Hyperliquid | BTC/USDC | +0.0007% | +0.0% | 1000h · 1:00:00 AM | $82,391.34 | $2.79B |
| Bitget | BTC/USDT | +0.0046% | +0.0% | 8000h · 8:00:00 AM | $82,306.59 | $2.75B |
| Bitunix | BTC/USDT | +0.3012% | +0.3% | 8000h · 8:00:00 AM | $82,314.58 | $2.22B |
| Deribit | BTC/USD | +0.0052% | +0.0% | 8000h | $82,366.50 | $1.83B |
| Whitebit | BTC/USDT | +0.0100% | +0.0% | 8000h · 8:00:00 AM | $82,293.60 | $1.63B |
| Xt | BTC/USDT | +0.0032% | +0.0% | 8000h | $82,314.58 | $1.62B |
| Deepcoin | BTC/USDT | +0.0000% | +0.0% | 8000h | $82,304.29 | $1.08B |
| Bingx | BTC/USDT | +0.0047% | +0.0% | 8000h · 8:00:00 AM | $82,310.88 | $870.24M |
| Lighter | BTC/USDC | +0.0072% | +0.1% | 1000h · 2:59:55 AM | $82,392.64 | $826.48M |
| Aster | BTC/USDT | +0.0033% | +0.0% | 1000h · 8:00:00 AM | $82,298.30 | $538.3M |
| Btse | BTC/USD | +0.0078% | +0.0% | 8000h | $82,405.10 | $311.59M |
| Phemex | BTC/USDT | -0.0160% | -0.0% | 8000h | $82,298.60 | $307.77M |
| Grvt | BTC/USDT | +0.5100% | +0.6% | 8000h | $82,276.42 | $169.52M |
| Bitunix | BTC/USDC | +0.3279% | +0.4% | 8000h · 8:00:00 AM | $82,304.96 | $141.35M |
| Digifinex | BTC/USDT | +0.0120% | +0.0% | 8000h · 8:00:00 AM | $82,282.22 | $128.09M |
| Bitget | BTC/USDC | +0.0037% | +0.0% | 8000h · 8:00:00 AM | $82,282.76 | $56.11M |
| Bybit | BTC/USDC | +0.0063% | +0.0% | 8000h · 8:00:00 AM | $82,299.96 | $53.34M |
| MEXC | BTC/USDC | +0.0032% | +0.0% | 8000h · 8:00:00 AM | $82,299.76 | $52.9M |
| Phemex | BTC/USDC | +0.0023% | +0.0% | 8000h | $82,297.66 | $36.78M |
| Binance | BTC/U | +0.0100% | +0.0% | 8000h · 8:00:00 AM | $82,335.38 | $30.75M |
| Binance | BTC/USD1 | +0.0100% | +0.0% | 8000h · 8:00:00 AM | $82,436.18 | $15.48M |
| Bingx | BTC/USDC | +0.0047% | +0.0% | 8000h · 8:00:00 AM | $82,302.66 | $14.67M |
| Digifinex | BTC/USD | +0.0180% | +0.0% | 8000h · 8:00:00 AM | $82,291.90 | $11.15M |
| Blofin | BTC/USD | +0.0171% | +0.0% | 8000h · 12:00:00 AM | $84,258.00 | $11.09M |
| Dydx | BTC/USD | +0.0000% | +0.0% | 8000h | $82,364.43 | $4.2M |
| Aster | BTC/USD1 | +0.0082% | +0.1% | 1000h · 8:00:00 AM | $82,408.08 | $3.99M |
| Blofin | BTC/USDT | +0.0000% | +0.0% | 8000h · 12:00:00 AM | $84,224.54 | $2.81M |
| Aster | BTC/U | +0.0100% | +0.1% | 1000h · 8:00:00 AM | $82,317.29 | $2.74M |
| MEXC | BTC/USD1 | +0.0095% | +0.0% | 8000h · 8:00:00 AM | $82,426.28 | $1.71M |
| Pionex | BTC/ETH | +0.0042% | +0.0% | 8000h · 8:00:00 AM | $82,434.52 | $1.61M |
| Btse | BTC/USD | +0.0000% | +0.0% | 8000h | $83,230.60 | $1.34M |
| Blofin | BTC/USDC | -0.0056% | -0.0% | 8000h · 12:00:00 AM | $84,252.88 | $908.61K |
| Btse | BTC/USD | +0.0000% | +0.0% | 8000h | $84,404.30 | $708.91K |
| Pionex | BTC/SOL | +0.0033% | +0.0% | 8000h · 8:00:00 AM | $82,360.49 | $568.89K |
| OKX | BTC/USDT | +0.0019% | +0.0% | 8000h · 4:00:00 PM | $82,308.79 | $76.24K |
| Bybit | BTC/USD | +0.0100% | +0.0% | 8000h · 8:00:00 AM | $82,320.50 | $3.1K |
| Bitunix | BTC/USD | +0.0000% | +0.0% | 8000h · 8:00:00 AM | $82,308.20 | $1.33K |
| Phemex | BTC/USD | -0.0052% | -0.0% | 8000h | $82,285.50 | $912.68 |
| MEXC | BTC/USD | +0.0062% | +0.0% | 8000h · 8:00:00 AM | $82,308.30 | $199.5 |
Bitcoin Funding Rate FAQ
What is the BTC funding rate?expand_more
The funding rate is a periodic payment between longs and shorts on perpetual futures markets. A positive rate means longs pay shorts; a negative rate means shorts pay longs. It keeps the perpetual price anchored to spot.
Why is the funding rate positive or negative?expand_more
When most traders are long, funding turns positive to encourage shorts; when the crowd is short, funding turns negative to encourage longs. Extreme values often signal crowded positioning and potential reversals.
How is APR calculated from the funding rate?expand_more
APR annualizes the rate using the funding interval: rate × (24h / interval hours) × 365. For example, a 0.01% rate paid every 8 hours annualizes to roughly 10.95%.
When is funding paid on BTC perpetuals?expand_more
Most exchanges settle funding every 8 hours (00:00, 08:00, 16:00 UTC), though some venues use 4-hour or 1-hour intervals. The exact next settlement time is shown next to each market on this page.
What is considered a high funding rate?expand_more
Sustained funding above 0.05-0.1% per interval is elevated and indicates strong directional crowding. Funding arbitrage traders typically look for markets where the annualized rate exceeds holding costs.
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