Tether (USDT) — Funding Rates
Perpetual futures funding rates across exchanges
Tether (USDT) perpetual futures currently show funding across 24 markets, averaging -0.0008% per interval. The highest rate is 0.0275%.
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
24
Highest Rate
0.0275%
Lowest Rate
-0.0100%
Total Perp Markets
24
Current Funding Rates
| Exchange | Pair | Funding Rate | Annualized APR | Interval | Price | Volume (24h) |
|---|---|---|---|---|---|---|
| Pionex | USDT/BTC | -0.0036% | -0.0% | 8000h · 12:00:00 AM | $1.00 | $122.63M |
| Pionex | USDT/ETH | -0.0077% | -0.0% | 8000h · 12:00:00 AM | $1.00 | $18.7M |
| Pionex | USDT/PAXG | -0.0028% | -0.0% | 8000h · 8:00:00 PM | $1.00 | $5.64M |
| Pionex | USDT/SPCX | +0.0030% | +0.0% | 8000h · 6:00:00 PM | $1.00 | $5.52M |
| Pionex | USDT/SOL | -0.0006% | -0.0% | 8000h · 12:00:00 AM | $1.00 | $2.97M |
| Pionex | USDT/AVAX | -0.0007% | -0.0% | 8000h · 12:00:00 AM | $1.00 | $2.88M |
| Pionex | USDT/HYPE | -0.0037% | -0.0% | 8000h · 8:00:00 PM | $1.00 | $2.53M |
| Pionex | USDT/UNI | -0.0041% | -0.0% | 8000h · 12:00:00 AM | $1.00 | $2.19M |
| Pionex | USDT/XRP | +0.0013% | +0.0% | 8000h · 12:00:00 AM | $1.00 | $1.68M |
| Pionex | USDT/BNB | +0.0000% | +0.0% | 8000h · 12:00:00 AM | $1.00 | $1.62M |
| Pionex | USDT/DOT | +0.0023% | +0.0% | 8000h · 12:00:00 AM | $1.00 | $1.23M |
| Pionex | USDT/SUI | -0.0068% | -0.0% | 8000h · 12:00:00 AM | $1.00 | $982.67K |
| Pionex | USDT/LINK | -0.0023% | -0.0% | 8000h · 12:00:00 AM | $1.00 | $775.2K |
| Pionex | USDT/DOGE | -0.0018% | -0.0% | 8000h · 12:00:00 AM | $1.00 | $565.91K |
| Pionex | USDT/ADA | -0.0067% | -0.0% | 8000h · 12:00:00 AM | $1.00 | $304.2K |
| Pionex | USDT/WIF | -0.0006% | -0.0% | 8000h · 8:00:00 PM | $1.00 | $130.71K |
| Pionex | USDT/XLM | +0.0090% | +0.0% | 8000h · 12:00:00 AM | $1.00 | $126.85K |
| Pionex | USDT/PEPE | +0.0275% | +0.0% | 8000h · 12:00:00 AM | $1.00 | $84.29K |
| Pionex | USDT/ASTER | -0.0031% | -0.0% | 8000h · 8:00:00 PM | $1.00 | $77.7K |
| Pionex | USDT/HBAR | -0.0099% | -0.0% | 8000h · 12:00:00 AM | $1.00 | $66.95K |
| Pionex | USDT/SPYX | +0.0024% | +0.0% | 8000h · 12:00:00 AM | $1.00 | $35.14K |
| Pionex | USDT/TRX | -0.0100% | -0.0% | 8000h · 12:00:00 AM | $1.00 | $20.8K |
| Pionex | USDT/NVDAX | +0.0030% | +0.0% | 8000h · 6:00:00 PM | $0.00 | $0 |
| Pionex | USDT/QQQX | -0.0025% | -0.0% | 8000h · 12:00:00 AM | $0.00 | $0 |
Tether Funding Rate FAQ
What is the USDT 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 USDT 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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