USDCoin (USDC) — Funding Rates
Perpetual futures funding rates across exchanges
USDCoin (USDC) perpetual futures currently show funding across 8 markets, averaging 0.0051% 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
-0.0049%
Total Perp Markets
8
Current Funding Rates
| Exchange | Pair | Funding Rate | Annualized APR | Interval | Price | Volume (24h) |
|---|---|---|---|---|---|---|
| Binance | USDC/USDT | +0.0055% | +0.0% | 8000h · 12:00:00 AM | $1.00 | $7.54M |
| Bybit | USDC/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $1.00 | $663.85K |
| MEXC | USDC/USDT | +0.0054% | +0.0% | 8000h · 12:00:00 AM | $1.00 | $466.45K |
| OKX | USDC/USDT | +0.0000% | +0.0% | 8000h · 8:00:00 AM | $1.00 | $141.5K |
| Bitget | USDC/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $1.00 | $66.94K |
| Pionex | USDC/USDT | +0.0047% | +0.0% | 8000h · 12:00:00 AM | $1.00 | $48.12K |
| Kucoin | USDC/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $1.00 | $18.69K |
| Gate | USDC/USDT | -0.0049% | -0.0% | 8000h · 12:00:00 AM | $1.00 | $8.01K |
USDCoin 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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