S (S) — Funding Rates
Perpetual futures funding rates across exchanges
S (S) perpetual futures currently show funding across 21 markets, averaging -0.0013% per interval. The highest rate is 0.0170%.
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
21
Highest Rate
0.0170%
Lowest Rate
-0.0624%
Total Perp Markets
21
Current Funding Rates
| Exchange | Pair | Funding Rate | Annualized APR | Interval | Price | Volume (24h) |
|---|---|---|---|---|---|---|
| OKX | S/USDT | +0.0039% | +0.0% | 8000h | $0.03 | $151.86M |
| Binance | S/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 PM | $0.03 | $18.12M |
| Bingx | S/USDT | +0.0050% | +0.0% | 8000h | $0.03 | $6.77M |
| Bybit | S/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 PM | $0.03 | $5.31M |
| Whitebit | S/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 PM | $0.03 | $3.76M |
| Deepcoin | S/USDT | +0.0000% | +0.0% | 8000h | $0.03 | $2.43M |
| Kucoin | S/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 PM | $0.03 | $2.36M |
| Blofin | S/USDT | +0.0170% | +0.0% | 8000h · 8:00:00 PM | $0.03 | $1.4M |
| Bitget | S/USDT | +0.0050% | +0.0% | 8000h | $0.03 | $1.08M |
| Bitunix | S/USDT | +0.0000% | +0.0% | 8000h · 8:00:00 PM | $0.03 | $803.12K |
| Hyperliquid | S/USDC | -0.0058% | -0.0% | 8000h | $0.03 | $589.43K |
| MEXC | S/USDT | +0.0013% | +0.0% | 8000h | $0.03 | $380.08K |
| Bingx | S/USD | +0.0040% | +0.0% | 8000h | $22.39 | $338.05K |
| Gate | S/USDT | +0.0050% | +0.0% | 8000h · 12:00:00 AM | $0.03 | $292.61K |
| Coinex | S/USDT | +0.0150% | +0.0% | 8000h · 8:00:00 AM | $0.03 | $237.25K |
| Btse | S/USD | +0.0050% | +0.0% | 8000h | $0.03 | $194.7K |
| Pionex | S/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 PM | $0.03 | $166.59K |
| Xt | S/USDT | +0.0050% | +0.0% | 8000h | $0.03 | $156.22K |
| Lighter | S/USDC | -0.0624% | -0.5% | 1000h · 5:42:52 PM | $0.03 | $91.84K |
| Deribit | S/USDC | -0.0546% | -0.1% | 8000h | $0.03 | $62.83K |
| Aster | S/USDT | +0.0050% | +0.0% | 1000h · 8:00:00 PM | $0.03 | $14.72K |
S Funding Rate FAQ
What is the S 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 S 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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