Crypto Funding Rates
The average 8-hour funding rate is 0.0045% on bitcoin perpetuals and 0.0062% on ether, weighted by open interest across four exchanges.
Rates by coin and exchange
Current 8-hour funding. Green: longs pay shorts. Red: shorts pay longs.
Annualised
What each average rate adds up to over a year if it stayed unchanged.
How to read this data
What the numbers measure and why they matter.
How funding works
Perpetual swaps never expire, so exchanges keep their price close to spot with a payment every 8 hours between longs and shorts.
Positive vs negative
A positive rate means longs pay shorts — demand to be long is higher. A negative rate means shorts pay longs.
Annualised rate
annual ≈ 8h rate × 3 × 365Funding is paid three times a day, so small rates add up.
About this page
Crypto funding rates are the payments that long and short traders on perpetual swaps make to each other, usually every 8 hours. Perpetual swaps never expire, so exchanges use funding to keep the contract price close to spot. A positive rate means longs pay shorts; a negative rate means shorts pay longs. The table shows the current rate for six coins at Binance, Bybit, OKX and Hyperliquid.
Each coin's average is weighted by the open interest the exchanges hold in it, so a bigger market moves the average more. A venue that settles on another schedule is converted to the common 8-hour period. The annualised table multiplies the 8-hour rate by three and then by 365, which shows what a small rate adds up to if it stayed the same for a year.
Live rates refresh every 15 minutes, and the funding rate chart holds a year of settled history for BTC, ETH and SOL, updated hourly. A high positive rate means traders are paying up to stay long, which often happens when leverage piles up on one side of the market. The rate describes positioning; it does not predict the price.
Questions
Short answers to what people ask most.
A periodic payment between long and short traders on a perpetual swap. It keeps the swap price close to the spot price, and most exchanges settle it every 8 hours.
The average across Binance, Bybit, OKX and Hyperliquid is 0.0045% per 8 hours, weighted by open interest. Ether's average is 0.0062%.
Shorts pay longs. Demand to be short on that perpetual swap is higher than demand to be long.
Longs are paying a lot to keep their positions open, a sign that leveraged buying is crowded. A high rate makes holding a long position expensive over time.
Multiply the 8-hour rate by 3 to get the daily rate, then by 365 to get the yearly figure. It assumes the rate stays unchanged for a year.
Binance, Bybit, OKX and Hyperliquid. Where an exchange settles on a different schedule, its rate is converted to the common 8-hour interval.
More data
Other datasets from the data center.