Funding Rate — Compare & Calculate

Real-time funding rates from 6 major exchanges, plus a calculator to estimate total funding costs for any position and time horizon.

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Binance

Bybit

OKX

Bitget

Gate

MEXC

Hyperliquid

Cumulative Funding Cost Calculator

Calculate total funding cost based on position size and holding period.

Coin

Exchange

Side

Position Size (USDT)

USDT

Holding Period (days)

Funding Rate (%)

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What is a Funding Rate?

Perpetual futures don't have an expiry date. To keep their price anchored to the spot price, exchanges use a funding rate mechanism: periodic payments exchanged between long and short holders.

When funding is positive, longs pay shorts — meaning the market is bullish and perpetuals are trading above spot. When funding is negative, shorts pay longs — the market is bearish.

Binance and Bybit reset funding every 8 hours (00:00, 08:00, 16:00 UTC). OKX and some others may use different intervals. The annual cost of a position at 0.01% funding rate per 8h is approximately 10.95% per year.

Why Does Funding Rate Matter?

•Cost of carry — Holding a leveraged position has an ongoing funding cost that erodes profits over time

•Sentiment signal — Extreme positive funding often precedes short-term corrections

•Arbitrage opportunities — Large spread between exchanges enables delta-neutral funding arb strategies

•Exchange selection — Choosing the exchange with the most favorable funding rate for your direction can meaningfully reduce costs

Funding rates are fetched in real-time from exchange APIs. Rates change every 8 hours. For informational purposes only. Not investment advice. All trading involves significant risk.