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Funding rate · IREN perpetual · updated every 15 minutes
Funding for IREN is positive and close to normal: longs pay shorts about +10.1% a year on average. Most big exchanges’ base rate works out to about 11% a year.
Sorted from the highest to the lowest. Positive = longs pay shorts; negative = shorts pay longs.
| Venue | Per 8 hours | Per year | Pays every | Next payment | Who pays |
|---|---|---|---|---|---|
| Hyperliquid DEX | +0.0390% | +42.7% | 1 h | – | longs pay |
| Binance CEX | +0.0258% | +28.2% | 8 h | – | longs pay |
| Variational DEX | +0.0178% | +19.5% | 8 h | – | longs pay |
| Bitget CEX | +0.0104% | +11.4% | 8 h | – | longs pay |
| Bybit CEX | +0.0077% | +8.5% | 8 h | – | longs pay |
| KuCoin CEX | +0.0026% | +2.8% | 8 h | – | longs pay |
| OKX CEX | +0.0000% | +0.0% | 8 h | – | nobody |
| Gate CEX | +0.0000% | +0.0% | 8 h | – | nobody |
| Aster DEX | +0.0000% | +0.0% | 8 h | – | nobody |
Kumocast’s own analysis engine · Kumo 1.1 · live data
Ask about your own position in plain words – size, leverage, side and how long you hold. Kumo uses today’s IREN funding from every venue above and shows the maths.
Average funding per full day on Hyperliquid (pays every hour), shown as a yearly rate. Hover a bar for the exact day.
At today’s average rate, before trading fees.
| Position | Per day | Per week | Per 30 days |
|---|---|---|---|
| $1,000 long | $0.28 | $1.93 | $8.27 |
| $10,000 long | $2.76 | $19.29 | $82.65 |
| $100,000 long | $27.55 | $192.86 | $826.53 |
Same table, other markets.
All markets: funding rates table
On average +0.0092% every 8 hours (+10.1% a year) across 9 venues. The highest is Hyperliquid at +0.0390%, the lowest OKX at +0.0000%, per 8 hours. Updated every 15 minutes.
Positive on average – traders holding long IREN positions pay those holding shorts. The sign can change from one payment to the next.
It depends on the venue: Hyperliquid every 1 hour, Binance every 8 hours, Variational every 8 hours, Bitget every 8 hours, Bybit every 8 hours, KuCoin every 8 hours, OKX every 8 hours, Gate every 8 hours, Aster every 8 hours. Kumo converts all of them to “per 8 hours” so they can be compared.
At today’s average, a $1,000 long pays about $0.28 a day in funding, on top of trading fees. Rates change all the time, so this is a snapshot, not a promise.
Not reliably. In our six-year study of 20 coins, very high or negative funding was followed by rises about as often as by falls. Right now IREN funding is +10.1% a year.