FUNDING RATE
Which side is paying to hold its position
The fee that keeps perpetual contracts tied to the spot price, weighted by how much money each exchange is carrying.
Funding rate across 3 exchanges
Recorded on all 6 contracts, across 3 exchanges. 1 day is missing, where an exchange went quiet and the total would have read as a fall.
Latest displayed reading: 0.0023% on Sep 7, 2026. This view shows 67 dated readings from Jul 3, 2026 to Sep 7, 2026. The latest displayed reading is lower than the first. The displayed low is 0.0001% on Sep 5, 2026. The displayed high is 0.0100% on Aug 23, 2026. Every day in this range has a reading.
Pick two to four dates and read this chart's values side by side.
Where does it stand?
0.0026%paid per settlementOn 14 of the 20 contracts we cover, as of Sep 7, 2026.0.0119%between the highest and lowest exchangeOn 14 of the 20 contracts we cover, as of Sep 7, 2026.Which side is paying to hold its position?
The people betting on a rise are payingAcross the last settlement the rate came to 0.0026%. A positive rate means the contract is trading above the spot price and the up side is paying the down side to keep its position open. It is charged several times a day, so it adds up on a position held for a week.
Recorded on 14 of the 20 contracts we cover across 11 exchanges; the rest publish no reading of this kind. This reading has been complete since Sep 7, 2026; the 67 earlier days are not published, because a total that climbs as exchanges arrive is not a market move.
Do the exchanges agree?
0.0119% between the highest and the lowestThis is the gap between the exchange charging the most and the one charging the least at the same settlement. It is worth reading beside the average rather than instead of it: a market where every exchange quotes the same rate and one where they quote opposite signs can average to the same number, and only the gap tells them apart.
Recorded on 14 of the 20 contracts we cover across 11 exchanges; the rest publish no reading of this kind. This reading has been complete since Sep 7, 2026; the 67 earlier days are not published, because a total that climbs as exchanges arrive is not a market move.
What does this cover?
11 exchanges: Binance, Bitget, BitMEX, Bybit, Coinbase International, Gate, HTX, Hyperliquid, Kraken Futures, MEXC and OKX.
Recorded on 14 of the 20 contracts we cover across 11 exchanges; the rest publish no reading of this kind. This reading has been complete since Sep 7, 2026; the 67 earlier days are not published, because a total that climbs as exchanges arrive is not a market move.
3 exchanges: Binance, Bybit and OKX.
Recorded on all 6 contracts, across 3 exchanges. 1 day is missing, where an exchange went quiet and the total would have read as a fall.
Two views of the same number run side by side on this page and are never joined into one line. The wider one covers every exchange here and is the more complete picture; it is also the younger, because it only begins on the first day all of them reported. The narrower one is three exchanges with months of history behind it. A single line spliced from both would draw a step upward on the morning the other exchanges arrived and it would look exactly like a market move.
Understanding Bitcoin Perpetual Funding Rate
Where it stands today
Holding a position costs 0.0026% a settlement as of .
The highest and lowest exchange rates sit 0.0119% apart as of .
Almost all of this trading is in perpetual contracts, which never expire. Instead of settling on a date, one side pays the other a small fee every few hours to keep the contract price near the spot price. That fee is the funding rate. When the contract trades above the spot price, the people betting on a rise pay the people betting on a fall. When it trades below, the payment goes the other way. The rate is small by design and it is charged several times a day, so a rate that looks negligible is a real cost to a position held for a week.
The headline here is weighted by open interest rather than averaged flat, because an exchange carrying a tenth of the money should not move the number as much as one carrying a third of it.
The gap between the highest and lowest exchange is worth reading beside the average. A market where every exchange quotes the same rate and one where they quote opposite signs can average to the same number, and only the gap separates them.
Two views of the same number run side by side on this page and are never joined into one line. The wider one covers every exchange here and is the more complete picture; it is also the younger, because it only begins on the first day all of them reported. The narrower one is three exchanges with months of history behind it. A single line spliced from both would draw a step upward on the morning the other exchanges arrived and it would look exactly like a market move.