USD Coin (USDC) — Funding Rates
Perpetual futures funding rates across exchanges
USD Coin (USDC) perpetual futures currently show funding across 8 markets, averaging 0.0009% per interval. The highest rate is 0.0100%.
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
8
Highest Rate
0.0100%
Lowest Rate
-0.0084%
Total Perp Markets
8
Current Funding Rates
| Exchange | Pair | Funding Rate | Annualized APR | Interval | Price | Volume (24h) |
|---|---|---|---|---|---|---|
| Binance | USDC/USDT | +0.0001% | +0.0% | 8000h · 4:00:00 PM | $1.00 | $1.32M |
| MEXC | USDC/USDT | +0.0001% | +0.0% | 8000h · 4:00:00 PM | $1.00 | $506.67K |
| Bybit | USDC/USDT | -0.0084% | -0.0% | 8000h · 4:00:00 PM | $1.00 | $146.76K |
| OKX | USDC/USDT | +0.0000% | +0.0% | 8000h · 12:00:00 AM | $1.00 | $61.09K |
| Pionex | USDC/USDT | -0.0001% | -0.0% | 8000h · 4:00:00 PM | $1.00 | $20.59K |
| Kucoin | USDC/USDT | +0.0040% | +0.0% | 8000h · 4:00:00 PM | $1.00 | $19.38K |
| Bitget | USDC/USDT | +0.0100% | +0.0% | 8000h · 4:00:00 PM | $1.00 | $11.32K |
| Gate | USDC/USDT | +0.0017% | +0.0% | 8000h · 12:00:00 AM | $1.00 | $5.96K |
USD Coin Funding Rate FAQ
What is the USDC 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 USDC 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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