Nil (NIL) — Funding Rates
Perpetual futures funding rates across exchanges
Nil (NIL) perpetual futures currently show funding across 14 markets, averaging 0.0044% per interval. The highest rate is 0.0051%.
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
14
Highest Rate
0.0051%
Lowest Rate
0.0000%
Total Perp Markets
14
Current Funding Rates
| Exchange | Pair | Funding Rate | Annualized APR | Interval | Price | Volume (24h) |
|---|---|---|---|---|---|---|
| Binance | NIL/USDT | +0.0050% | +0.0% | 8000h · 4:00:00 PM | $0.09 | $11.54M |
| Bingx | NIL/USDT | +0.0050% | +0.0% | 4000h · 4:00:00 PM | $0.09 | $6.77M |
| Bybit | NIL/USDT | +0.0050% | +0.0% | 8000h · 4:00:00 PM | $0.09 | $3.75M |
| Bitget | NIL/USDT | +0.0050% | +0.0% | 4000h · 4:00:00 PM | $0.09 | $2.01M |
| MEXC | NIL/USDT | +0.0050% | +0.0% | 4000h · 4:00:00 PM | $0.09 | $1.54M |
| Blofin | NIL/USDT | +0.0040% | +0.0% | 8000h · 8:00:00 PM | $0.09 | $1.03M |
| Whitebit | NIL/USDT | +0.0050% | +0.0% | 8000h · 4:00:00 PM | $0.09 | $806.57K |
| Gate | NIL/USDT | +0.0050% | +0.0% | 8000h · 12:00:00 AM | $0.09 | $700.12K |
| Bitunix | NIL/USDT | +0.0000% | +0.0% | 8000h · 4:00:00 PM | $0.09 | $590.52K |
| Xt | NIL/USDT | +0.0051% | +0.0% | 8000h | $0.09 | $352.64K |
| Kucoin | NIL/USDT | +0.0050% | +0.0% | 8000h · 4:00:00 PM | $0.09 | $169K |
| Pionex | NIL/USDT | +0.0050% | +0.0% | 8000h · 4:00:00 PM | $0.09 | $145.49K |
| Hyperliquid | NIL/USDC | +0.0020% | +0.0% | 1000h · 2:00:00 PM | $0.09 | $101.65K |
| Aster | NIL/USDT | +0.0050% | +0.0% | 1000h · 4:00:00 PM | $0.09 | $31.35K |
Nil Funding Rate FAQ
What is the NIL 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 NIL 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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