The data behind
crypto funding rates.
Every 8 hours, crypto exchanges pay traders to hold positions — it's called the funding rate A small payment exchanged every 8 hours between long and short traders on perpetual futures. When positive, longs pay shorts. When negative, shorts pay longs. and it can pay double digits annualised. We track it across every major exchange, for ten coins, refreshed three times a day — from the same APIs we trade on ourselves.
tracked
venues
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Current Rates
Annualised funding across all tracked pairs
Cross-Exchange Spreads The widest funding-rate gap across the venues we cover (Bybit, Binance, MEXC) for the same asset. Wider spreads can mean arbitrage opportunities — short the expensive venue, long the cheap one.
Funding rate differentials across Bybit, Binance, and MEXC
| Asset | Bybit | Binance | MEXC | Spread | Best Venue |
|---|---|---|---|---|---|
| Solana | +10.95% | -0.37% | -0.22% | +1.0 bps | bybit |
| XRP | +4.47% | -3.01% | -3.07% | +0.7 bps | bybit |
| Ethereum | +4.10% | -2.66% | -2.63% | +0.6 bps | bybit |
| BNB | +10.95% | +5.11% | +5.04% | +0.5 bps | bybit |
| Bitcoin | +6.95% | +3.00% | +2.96% | +0.4 bps | bybit |
| Cardano | +7.52% | +10.95% | +10.95% | +0.3 bps | binance |
| Avalanche | -0.40% | -3.65% | -3.72% | +0.3 bps | bybit |
| Dogecoin | +10.95% | +7.95% | +7.88% | +0.3 bps | bybit |
| Polkadot | +10.95% | +9.63% | +9.42% | +0.1 bps | bybit |
| Chainlink | +4.76% | +4.41% | +4.27% | +0.0 bps | bybit |
Funding Rates
Perpetual futures settle every 8 hours. When the rate is positive, longs pay shorts. Negative, shorts pay longs.
Carry Trades A strategy that collects the funding payment side while hedging price risk. When funding is positive, you short the perpetual and buy spot — pocketing the rate every 8 hours.
Collect the side that receives payment. Hedge the price risk. That spread between venues is where carry lives.
Cross-Exchange Data
Same asset, three venues, different rates. We track the spread so you see where the edge is — updated three times daily.
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