kumocast

Funding rates · 12 venues · updated every 15 minutes

Crypto funding rates today

Bitcoin traders betting on a rise are paying about +11.0% a year (typical rate across 12 venues). 1 of 50 coins have negative funding right now (shorts pay longs). Every rate is turned into the same scale, so you can compare Binance, Bybit, OKX, Hyperliquid and 8 more side by side.

Bitcoin, typical rate+11.0%per year · longs pay when positive
Coins with negative funding1 / 50shorts paying longs
Hottest coinBTC +11.0%highest typical rate, per year
Venues answering12 / 12all live

Funding rates for 50 coins on 12 venues

Tap a column name to sort. Warm cells = longs pay, cool cells = shorts pay. Tap a coin for its full page and 30-day history.

ShowVenues
Bitcoin BTC+11.0%15.9%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+10.5%+11.0%+26.5%+11.0%
dogwifhat WIF+11.0%0.4%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+10.5%+11.0%–+11.0%
Ethereum ETH+11.0%9.6%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+10.5%+11.0%+20.1%+11.0%
Ondo ONDO+11.0%0.4%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+10.5%+11.0%–+11.0%
Render RENDER+11.0%11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%–+11.0%0.0%+11.0%
World Liberty Financial WLFI+11.0%35.7%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+10.5%+46.2%–+11.0%
Aster ASTER+10.9%46.8%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+10.5%+46.8%0.0%+11.0%
Internet Computer ICP+10.9%11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+10.5%+11.0%0.0%+11.0%
Pepe PEPE+10.9%11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+10.5%+11.0%0.0%+11.0%
Uniswap UNI+10.9%10.9%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+10.5%+11.0%+0.0%+11.0%
Zcash ZEC+10.9%11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+10.5%+11.0%0.0%+11.0%
Monero XMR+10.9%81.1%+11.0%+11.0%–+11.0%+11.0%+11.0%+11.0%+10.5%+10.5%+11.0%+91.6%+11.0%
Virtuals Protocol VIRTUAL+10.9%14.4%+11.0%+11.0%−3.4%+11.0%+11.0%+11.0%+11.0%+11.0%+10.5%+11.0%–+11.0%
Official Trump TRUMP+10.9%1.5%+11.0%+11.0%+11.0%+11.0%+11.0%–+9.4%+11.0%+10.5%+11.0%–+11.0%
Sui SUI+10.8%11.0%+11.0%+11.0%+11.0%+9.9%+11.0%+11.0%+11.0%+11.0%+10.5%+11.0%0.0%+11.0%
Sei SEI+10.7%5.1%+11.0%+11.0%+5.8%+11.0%+11.0%+11.0%+11.0%+11.0%+10.5%+11.0%+9.3%+11.0%
TRON TRX+10.7%5.7%+11.0%+11.0%+11.0%+9.0%+11.0%+11.0%+11.0%+11.0%+10.5%+11.0%+5.2%+11.0%
Solana SOL+10.6%31.2%+11.0%+11.0%+10.8%+10.4%+11.0%+11.0%+8.7%+5.0%+10.5%+11.0%+36.2%+11.0%
Hyperliquid HYPE+10.6%11.0%+11.0%+7.5%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+10.5%+11.0%0.0%+11.0%
Bittensor TAO+10.4%11.0%+11.0%+11.0%+9.6%+11.0%+11.0%+11.0%+7.0%+11.0%+10.5%+11.0%0.0%+11.0%
Floki FLOKI+10.3%4.0%+11.0%+7.2%+6.9%+11.0%+11.0%+11.0%+11.0%+11.0%+10.5%+11.0%–+9.1%
Pudgy Penguins PENGU+10.1%11.0%+11.0%+11.0%+11.0%+11.0%+7.0%+11.0%+7.2%+11.0%+10.5%+11.0%0.0%+11.0%
Stellar XLM+9.8%11.9%+11.0%−1.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+10.5%+11.0%0.0%+11.0%
Aave AAVE+9.7%29.3%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+8.9%−18.4%+11.0%0.0%+11.0%
BNB BNB+9.5%19.7%+13.6%+11.0%+10.8%+11.0%+11.0%+13.5%−6.1%+11.0%+2.6%+13.0%+0.1%+11.0%
Kaspa KAS+9.4%23.0%+11.0%+0.2%–+11.0%−12.0%+11.0%+11.0%+11.0%–+11.0%–+11.0%
NEAR Protocol NEAR+9.2%11.0%+11.0%+2.1%+11.0%+11.0%+11.0%+11.0%+11.0%+11.0%+9.6%+11.0%0.0%+3.2%
Ethena ENA+8.6%22.3%+11.0%−11.3%+3.2%+11.0%+2.0%+11.0%+11.0%+11.0%+7.0%+11.0%–+11.0%
Pump.fun PUMP+8.6%13.4%+11.0%–−2.4%+11.0%+6.1%–+11.0%+11.0%+10.5%+11.0%0.0%–
Filecoin FIL+8.6%20.6%+11.0%−9.7%+11.0%+10.8%+11.0%–+11.0%+11.0%+10.5%+11.0%0.0%+1.2%
Toncoin GRAM+8.4%23.2%+11.0%+11.0%+11.0%+11.0%−12.3%+11.0%+11.0%−8.7%+10.5%+11.0%––
Worldcoin WLD+8.4%13.2%−2.3%+11.0%+11.0%+11.0%+11.0%−2.2%+11.0%+11.0%+10.5%+10.1%0.0%+11.0%
Polkadot DOT+7.9%25.0%+11.0%+11.0%−9.1%+11.0%+11.0%+11.0%+11.0%+11.0%−14.0%+11.0%0.0%+11.0%
Cardano ADA+7.2%21.5%+11.0%+11.0%−10.5%+4.2%+4.9%+11.0%+3.1%+10.9%+5.3%+11.0%0.0%+11.0%
Algorand ALGO+7.1%62.8%+11.0%−3.7%−0.3%+10.0%+11.0%+11.0%−4.3%+11.0%–+11.0%+58.6%+2.9%
Bitcoin Cash BCH+6.9%20.6%+8.7%+7.3%+6.2%+11.0%+7.8%+8.7%+11.0%−2.0%−9.6%+11.0%0.0%+11.0%
Litecoin LTC+6.9%12.7%+11.0%+0.3%+11.0%+4.5%+11.0%+11.0%+7.2%+11.0%−1.8%+11.0%+3.9%−1.6%
Hedera HBAR+6.3%76.6%+11.0%+0.4%−5.4%+5.8%+7.7%+11.0%+11.0%+11.0%−23.7%+11.0%+52.9%−0.1%
XRP XRP+6.2%14.2%+11.0%−3.2%+8.6%+4.2%+7.0%+11.0%+4.9%+1.4%+3.5%+11.0%0.0%+11.0%
Avalanche AVAX+6.0%11.0%+3.2%+5.0%+4.5%+5.8%+9.7%+3.1%+9.5%+7.5%+10.5%+11.0%0.0%+1.7%
Ethereum Classic ETC+5.8%50.1%+11.0%+4.1%−3.3%+4.5%+3.3%+11.0%+11.0%−39.2%–+11.0%0.0%+11.0%
Chainlink LINK+4.6%55.3%+11.0%−17.5%+11.0%+9.6%−3.9%+11.0%+11.0%+8.5%−24.5%+11.0%+30.8%−5.5%
Shiba Inu SHIB+4.2%30.4%+4.5%–−2.6%−2.5%−19.5%−2.3%+11.0%+11.0%+10.5%+11.0%––
Aptos APT+3.8%32.9%+6.0%+4.1%−1.8%+11.0%−16.4%+6.2%+11.0%+11.0%−21.9%+11.0%0.0%+6.8%
Arbitrum ARB+3.5%29.5%+11.0%−18.5%+11.0%−8.9%−5.1%+11.0%+11.0%−1.0%+8.8%+11.0%0.0%−2.5%
Dogecoin DOGE+3.5%23.2%+3.2%−2.6%+7.5%−0.7%+10.6%+3.2%+0.9%+7.9%−12.3%+4.9%0.0%+11.0%
Fetch.ai FET+3.0%20.6%−4.9%–+0.5%+11.0%−9.6%−4.7%−3.1%+11.0%–+11.0%–+11.0%
Polygon POL+2.9%37.2%+11.0%+11.0%−5.1%+11.0%−26.3%−5.0%+11.0%+11.0%+10.5%−26.1%0.0%+11.0%
Bonk BONK+0.4%22.5%−4.4%−9.2%−11.5%+11.0%−6.4%−3.3%−10.1%+11.0%+4.4%+11.0%0.0%+11.0%
Pi Network PI−10.6%23.1%––−16.7%−16.2%+6.4%−16.0%––––––
Hot: longs pay 50%+ a yearWarm: longs payAbout zeroCool: shorts payCold: shorts pay 20%+ a year

Who is paying whom right now?

The coins where longs pay the most, and the coins with negative funding, where shorts pay (typical rate across venues, per year).

Stock, gold and forex perps funding

Tesla, Nvidia, gold, oil and currencies also trade as 24/7 perpetual contracts on Hyperliquid (trade.xyz) and other venues – and they pay funding too.

ShowVenues
Reddit RDDT+72.2%123.7%+88.8%+123.7%+64.9%0.0%+15.8%+63.7%+119.0%––+80.7%
Circle CRCL+62.9%95.7%+101.2%+53.0%+57.5%+81.1%+22.7%+67.0%+5.5%+39.4%+91.8%+90.6%
Coinbase COIN+44.1%66.5%+58.8%+33.6%+64.1%+41.6%+32.7%+71.9%+5.5%+15.8%+55.4%+50.9%
Alphabet GOOGL+35.6%66.3%+55.7%+38.2%+24.2%+47.6%+27.9%0.0%+5.5%+35.9%+66.3%+50.2%
Intel INTC+32.4%37.4%+50.4%+50.5%+34.8%+36.6%+25.1%+26.2%+13.1%+19.3%+25.3%+41.9%
Nebius NBIS+30.2%49.2%+47.9%+51.3%+33.6%+33.5%+18.8%+52.7%+5.5%+3.5%+8.6%+42.0%
TSMC TSM+25.2%58.5%+58.5%+11.9%+30.6%+41.8%+26.8%+14.9%+18.2%+3.5%0.0%+53.6%
CoreWeave CRWV+19.7%49.8%+23.4%+49.8%+17.7%+13.8%+5.5%+48.3%+14.2%+21.0%0.0%+13.9%
Meta META+19.5%41.2%+41.2%+26.2%+13.8%+34.8%0.0%0.0%+14.6%+6.1%+26.3%+33.9%
Micron MU+19.3%28.5%+27.3%+31.0%+15.2%+17.7%+9.1%+33.9%+5.5%+18.4%+12.5%+23.2%
Apple AAPL+15.9%51.3%+51.3%0.0%+24.9%+21.5%0.0%+14.8%+5.5%+10.5%0.0%+50.5%
Oracle ORCL+15.3%35.8%+35.8%0.0%+21.9%+27.2%+30.4%+12.2%+3.1%+3.5%0.0%+24.1%
Platinum XPT/USD+15.1%45.8%+22.6%–+34.3%+49.3%+12.0%+8.3%+5.5%+3.5%+10.5%+12.5%
Nasdaq 100 NDX+15.0%–––––––+15.0%–––
Copper HG+14.6%20.7%+15.1%––+7.4%–+26.3%+21.3%––+5.6%
Strategy (MicroStrategy) MSTR+13.4%37.1%+23.5%0.0%+6.7%+37.1%+18.4%+21.1%+5.5%+3.5%+12.7%+16.0%
SanDisk SNDK+12.7%35.8%+27.7%+5.6%+11.9%+11.4%0.0%+35.8%+5.5%+6.1%+11.9%+21.2%
Silver XAG/USD+12.3%15.5%+15.0%+14.3%+14.7%+21.0%+9.4%+16.0%+5.5%+7.9%+8.0%+12.8%
Amazon AMZN+10.3%28.1%+28.1%0.0%+13.7%+22.6%0.0%0.0%+7.5%+13.1%0.0%+25.4%
Gold XAU/USD+10.1%14.1%+13.7%+17.6%+4.5%+12.9%+5.0%–+5.5%+3.5%+15.9%+12.9%
IREN IREN+9.6%28.7%+28.7%+4.6%0.0%0.0%0.0%+15.2%+27.8%–0.0%+19.9%
Alibaba BABA+8.4%36.9%+36.9%0.0%–+15.8%0.0%0.0%+8.6%+3.5%0.0%+30.8%
Natural Gas NG+8.3%22.4%+13.7%––0.0%–+11.2%+22.4%+11.4%+2.1%+3.0%
Nvidia NVDA+7.9%38.4%+16.5%+9.1%0.0%+10.0%0.0%+38.4%+5.5%+8.8%+3.7%+9.4%
Broadcom AVGO+5.5%56.7%+18.3%0.0%0.0%+56.7%0.0%0.0%+5.5%+3.5%0.0%+17.1%
Brent Crude Oil BRENT+5.5%–––––––+5.5%–––
Nikkei 225 JP225+5.5%–––––––+5.5%–––
S&P 500 SPX+5.5%–––––––+5.5%–––
Netflix NFLX+4.0%14.7%+5.6%+14.3%0.0%0.0%0.0%+6.2%+14.7%–0.0%+2.1%
Robinhood HOOD+3.4%11.8%+11.8%0.0%0.0%+1.2%0.0%+11.6%+5.5%+3.5%+5.0%+0.3%
EUR/USD +3.0%–––––––+3.0%–––
Arm Holdings ARM+2.1%28.6%0.0%0.0%+8.0%0.0%0.0%+28.6%+5.5%+3.5%0.0%0.0%
Microsoft MSFT+1.1%5.6%0.0%0.0%0.0%0.0%0.0%+5.6%+5.5%+3.5%0.0%0.0%
Rocket Lab RKLB+1.1%8.4%0.0%0.0%0.0%0.0%0.0%+8.4%+5.5%+3.5%0.0%0.0%
AMD AMD+0.8%7.0%0.0%–0.0%0.0%0.0%0.0%+5.5%+7.0%0.0%0.0%
Palantir PLTR+0.7%7.0%0.0%0.0%0.0%0.0%0.0%0.0%+5.5%+7.0%0.0%0.0%
Rivian RIVN+0.7%17.9%+4.1%0.0%0.0%–0.0%0.0%+17.9%–0.0%0.0%
Palladium XPD/USD+0.5%41.6%0.0%–0.0%0.0%0.0%0.0%+41.6%+3.5%0.0%0.0%
ASML ASML+0.4%12.7%0.0%0.0%0.0%0.0%0.0%0.0%+12.7%+3.5%0.0%0.0%
Costco COST0.0%88.2%0.0%0.0%0.0%0.0%0.0%0.0%+88.2%–0.0%0.0%
Crude Oil (WTI) WTI0.0%5.5%0.0%0.0%0.0%0.0%0.0%0.0%+5.5%–0.0%0.0%
Eli Lilly LLY0.0%33.9%0.0%−14.3%0.0%0.0%0.0%0.0%+19.6%–0.0%0.0%
GBP/USD 0.0%–––––––0.0%–––
Hims & Hers HIMS0.0%0.0%0.0%0.0%0.0%–0.0%0.0%−0.0%–0.0%0.0%
Tesla TSLA0.0%7.8%0.0%0.0%0.0%0.0%0.0%0.0%−4.3%+3.5%0.0%0.0%
GameStop GME−1.9%57.5%−13.0%–0.0%0.0%0.0%0.0%−54.0%+3.5%0.0%0.0%
USD/JPY −12.0%–––––––−12.0%–––
Hot: longs pay 50%+ a yearWarm: longs payAbout zeroCool: shorts payCold: shorts pay 20%+ a year

How funding works (in plain words)

A perpetual future is a contract that follows a price and never expires. Funding is what keeps it honest.

If more traders want to bet on a rise, the contract’s price drifts above the real price. To pull it back, longs pay shorts a small fee – positive funding. If more want to bet on a fall, the contract slips below the real price and shorts pay longs – negative funding.

The fee is a percentage of your position, paid every 1, 4 or 8 hours depending on the venue. 0.01% every 8 hours sounds tiny, but it adds up to about 11% a year – and on hot coins rates can be 10 times higher. That is why Kumo shows both “per 8 hours” and “per year”.

You only pay or receive funding while your position is open at the moment of payment. It is paid between traders, not to the exchange.

Positive fundingLongsShortspayNegative fundingLongsShortspay

The 12 venues Kumo checks

Seven big exchanges (CEX) and five on-chain perpetual exchanges (DEX). Links go to each venue’s own website.

  • Binance ↗Exchange (CEX) · pays every 1–8 hourslive
  • Bybit ↗Exchange (CEX) · pays every 1–8 hourslive
  • OKX ↗Exchange (CEX) · pays every 1–8 hourslive
  • Bitget ↗Exchange (CEX) · pays every 1–8 hourslive
  • Gate ↗Exchange (CEX) · pays every 1–8 hourslive
  • MEXC ↗Exchange (CEX) · pays every 1–8 hourslive
  • KuCoin ↗Exchange (CEX) · pays every 1–8 hourslive
  • Hyperliquid ↗On-chain (DEX) · pays every hourlive
  • Lighter ↗On-chain (DEX) · pays every hourlive
  • Aster ↗On-chain (DEX) · pays every 1–8 hourslive
  • dYdX ↗On-chain (DEX) · pays every hourlive
  • Variational ↗On-chain (DEX) · pays every 1–8 hourslive

How to use funding rates (for beginners)

Five habits. No trading experience needed.

  1. 1Check the signPositive = longs pay. Negative = shorts pay. Look at the colour first.
  2. 2Look at the yearly numberIt shows how big the fee really is if you keep a trade open for a long time.
  3. 3Compare venuesThe same coin can cost very different amounts on different exchanges.
  4. 4Remember it changesFunding is recalculated all the time. Today’s rate is not next week’s rate.
  5. 5Add it to your costsFunding is a real cost (or income) on top of trading fees. Work it out with the calculator and size trades with the position size calculator.

Funding rates FAQ

What is a funding rate?

Perpetual futures are contracts that follow a coin’s price and never expire. To keep their price close to the real price, traders on one side pay the other side a small fee every 1 to 8 hours. That fee is the funding rate. When it is positive, traders betting on a rise (longs) pay traders betting on a fall (shorts). When it is negative, shorts pay longs.

What is a normal funding rate?

Most big exchanges use a base rate of 0.01% every 8 hours, which is about 11% a year if it never changed. Bitcoin and Ethereum often sit right at that number. Rates far above it mean many traders are betting on a rise with borrowed money; negative rates mean more are betting on a fall.

Why does the same coin have different funding on different exchanges?

Each exchange has its own traders, its own formula and its own payment schedule (every 1, 4 or 8 hours). If most traders on one exchange are long, its rate rises while another exchange can stay calm. Kumo converts every rate to the same “per 8 hours” and “per year” scale so you can compare them fairly.

What does negative funding mean?

Shorts pay longs. It usually appears when many traders bet on a fall, often after a sharp drop. It is a picture of positioning, not a prediction – prices can keep falling with negative funding, or bounce.

How often is this page updated?

Every 15 minutes, straight from each venue’s public data. Hyperliquid, Lighter and dYdX pay every hour; most exchanges every 8 hours, and some coins every 4 hours. The “next payment” times on each coin page come from the venues, or from their fixed hourly schedule.

Are the venue links on this page affiliate links?

No. The venue names link to each exchange’s own website. Kumocast is not paid for them and does not recommend one exchange over another.

Why does dYdX often show 0%?

dYdX has no built-in base rate, so on quiet markets its funding sits at zero, while most exchanges add a base of 0.01% every 8 hours. Hyperliquid’s stock, gold and forex perps use half the crypto base, about 5.5% a year. These differences are normal and explain many of the “gaps” between venues.

Funding rate pages for every coin

Alex Wu, Independent market analyst

Built by

Alex Wu

Crypto, DeFi, perps and FX · driven by data

Alex designed the Kumocast model behind these signals, sets its rules, reviews its accuracy record and updates the methodology whenever the model changes. Signals are refreshed every 30 minutes with live market data.