Pi (PI) — Funding Rates
Perpetual futures funding rates across exchanges
Pi (PI) perpetual futures currently show funding across 10 markets, averaging 0.0094% per interval. The highest rate is 0.1410%.
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
10
Highest Rate
0.1410%
Lowest Rate
-0.0356%
Total Perp Markets
10
Current Funding Rates
| Exchange | Pair | Funding Rate | Annualized APR | Interval | Price | Volume (24h) |
|---|---|---|---|---|---|---|
| OKX | PI/USDT | -0.0109% | -0.0% | 8000h | $0.09 | $84.51M |
| Digifinex | PI/USDT | +0.1410% | +0.2% | 8000h · 12:00:00 AM | $0.09 | $17.62M |
| Bingx | PI/USDT | -0.0086% | -0.0% | 8000h | $0.09 | $6.63M |
| Bitget | PI/USDT | -0.0356% | -0.0% | 8000h | $0.09 | $4.71M |
| Gate | PI/USDT | +0.0050% | +0.0% | 8000h · 12:00:00 AM | $0.09 | $3.04M |
| Deepcoin | PI/USDT | +0.0000% | +0.0% | 8000h | $0.09 | $2.04M |
| MEXC | PI/USDT | +0.0050% | +0.0% | 8000h | $0.09 | $1.07M |
| Bitunix | PI/USDT | +0.0000% | +0.0% | 8000h · 12:00:00 AM | $0.09 | $447.47K |
| Pionex | PI/USDT | -0.0124% | -0.0% | 8000h · 12:00:00 AM | $0.09 | $289.93K |
| Xt | PI/USDT | +0.0101% | +0.0% | 8000h | $0.10 | $7.92K |
Pi Funding Rate FAQ
What is the PI 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 PI 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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