What is a perpetual funding rate?

A periodic payment between long and short traders that nudges the perp price toward the index. Positive funding means longs pay shorts.

Why is funding positive or negative?

It reflects whether longs or shorts are more crowded versus the index price.

How often is funding paid?

It varies by venue: hourly on Hyperliquid, dYdX, LP cross-exchange, and LP pool accrual; 4h on edgeX; 8h on many CEX perps; continuous on Paradex, GMX, and LP pool.

How do I compare 1h vs 8h rates?

Normalize to an hourly rate: 0.01% per 8h equals 0.00125% per hour (~10.95% APR).

Why do gold or FX perps show closed on weekends?

Traditional markets pause Friday 21:00 UTC through Sunday 22:00 UTC; we label that when venues do not provide a flag.

Is funding the only holding cost?

No. GMX and LP pool markets also charge borrowing or holding fees, so long and short costs can differ.

Crypto Funding Rates

Name: Cross-venue perpetual funding rates, latest snapshot
Creator: Funding Rates

Live cross-venue comparison · 2163 markets

As of 2026-10-20 10:50 UTC, BTC funding ranged from -0.0029% to 0.0153% per 8h across 9 venues (median 0.0070%). That snapshot holds 2163 perpetual markets from 14 venues. The widest 8h gap among assets listed on 3 or more venues was UNITREE: -1.1826% on edgeX versus 0.0032% on Lighter.

Positive = longs pay shorts (red). Negative = shorts pay longs (green).

Updated 14/14 venues · as of 10:50 UTC · how this is computed

Widest funding gaps between venues

The five assets (listed on 4 or more venues, liquid legs only) whose 8h funding differs most from the lowest venue to the highest.

Asset	Long here (lowest 8h)	Short here (highest 8h)	Spread 8h	Annualized spread
PONS	Lighter -0.0712%	edgeX 0.0108%	0.0820%	89.7571%
CASHCAT	edgeX -0.0712%	Hyperliquid 0.0100%	0.0812%	88.8680%
GOOGL	edgeX -0.0528%	Lighter 0.0144%	0.0672%	73.6147%
WLFI	Hyperliquid -0.0049%	Aster 0.0560%	0.0609%	66.6782%
INTC	OKX 0.0000%	edgeX 0.0529%	0.0529%	57.9189%

Full arbitrage scanner →

Funding rates by coin

Dedicated live cross-venue pages for the most widely listed perps, each with a venue table, summary statistics, a funding cost example and history. To compare all of them side by side, open the funding rate heatmap.

Filters

Class: all crypto commodity fx index stock pre-ipo

Venue: all Aster Binance Bybit GMX Hyperliquid Hyperliquid (mkts) Hyperliquid (xyz) LeverUp LeverUp (pool) Lighter OKX Paradex dYdX edgeX

Asset: example BTC · GOLD

Markets

Showing 61 of 2163 markets (filtered). Clear filters

Asset	Class	Venue	1h	8h	APR	Interval	Next funding	Status	L / S
BTC	crypto	GMX	0.0017%	0.0133%	14.5988%	1h	—	open	L pays 0.0021%/h · S receives 0.0017%/h
ETH	crypto	GMX	0.0018%	0.0143%	15.6644%	1h	—	open	L pays 0.0024%/h · S receives 0.0020%/h
DOGE	crypto	GMX	0.0020%	0.0158%	17.3330%	1h	—	open	L pays 0.0020%/h · S receives 0.0014%/h
SOL	crypto	GMX	0.0019%	0.0155%	16.9825%	1h	—	open	L pays 0.0025%/h · S receives 0.0020%/h
LTC	crypto	GMX	0.0019%	0.0156%	17.0505%	1h	—	open	L pays 0.0044%/h · S receives 0.0020%/h
UNI	crypto	GMX	0.0019%	0.0150%	16.4076%	1h	—	open	L pays 0.0023%/h · S receives 0.0021%/h
LINK	crypto	GMX	0.0008%	0.0064%	6.9873%	1h	—	open	L pays 0.0008%/h · S pays 0.0003%/h
ARB	crypto	GMX	0.0009%	0.0071%	7.7495%	1h	—	open	L pays 0.0009%/h · S pays 0.0003%/h
XRP	crypto	GMX	0.0018%	0.0141%	15.4146%	1h	—	open	L pays 0.0030%/h · S receives 0.0021%/h
AAVE	crypto	GMX	0.0018%	0.0143%	15.6701%	1h	—	open	L pays 0.0038%/h · S receives 0.0020%/h
NEAR	crypto	GMX	0.0019%	0.0155%	16.9747%	1h	—	open	L pays 0.0065%/h · S receives 0.0028%/h
AVAX	crypto	GMX	0.0018%	0.0144%	15.7276%	1h	—	open	L pays 0.0129%/h · S receives 0.0021%/h
OP	crypto	GMX	-0.0094%	-0.0754%	-82.6032%	1h	—	open	L receives 0.0094%/h · S pays 0.0027%/h
GMX	crypto	GMX	0.0015%	0.0121%	13.3006%	1h	—	open	L pays 0.0039%/h · S receives 0.0016%/h
PEPE	crypto	GMX	0.0023%	0.0181%	19.8123%	1h	—	open	L pays 0.0028%/h · S receives 0.0029%/h
SUI	crypto	GMX	0.0020%	0.0158%	17.2855%	1h	—	open	L pays 0.0057%/h · S receives 0.0021%/h
SEI	crypto	GMX	0.0018%	0.0145%	15.8360%	1h	—	open	L pays 0.0042%/h · S receives 0.0030%/h
APT	crypto	GMX	0.0017%	0.0136%	14.8939%	1h	—	open	L pays 0.0030%/h · S receives 0.0018%/h
TIA	crypto	GMX	0.0021%	0.0168%	18.3869%	1h	—	open	L pays 0.0073%/h · S receives 0.0039%/h
TRX	crypto	GMX	0.0020%	0.0161%	17.5894%	1h	—	open	L pays 0.0048%/h · S receives 0.0021%/h
TAO	crypto	GMX	0.0013%	0.0103%	11.2653%	1h	—	open	L pays 0.0036%/h · S receives 0.0013%/h
WLD	crypto	GMX	0.0021%	0.0169%	18.4913%	1h	—	open	L pays 0.0075%/h · S receives 0.0022%/h
PENDLE	crypto	GMX	0.0017%	0.0140%	15.2872%	1h	—	open	L pays 0.0047%/h · S receives 0.0020%/h
ADA	crypto	GMX	-0.0013%	-0.0102%	-11.2140%	1h	—	open	L pays 0.0003%/h · S pays 0.0014%/h
BCH	crypto	GMX	0.0017%	0.0137%	15.0000%	1h	—	open	L pays 0.0034%/h · S receives 0.0019%/h
XLM	crypto	GMX	0.0020%	0.0157%	17.2186%	1h	—	open	L pays 0.0028%/h · S receives 0.0055%/h
RENDER	crypto	GMX	-0.0011%	-0.0090%	-9.8753%	1h	—	open	L receives 0.0001%/h · S pays 0.0016%/h
INJ	crypto	GMX	0.0018%	0.0144%	15.8151%	1h	—	open	L pays 0.0057%/h · S receives 0.0025%/h
ENA	crypto	GMX	0.0013%	0.0104%	11.4141%	1h	—	open	L pays 0.0029%/h · S receives 0.0015%/h
FARTCOIN	crypto	GMX	0.0024%	0.0191%	20.9500%	1h	—	open	L pays 0.0027%/h · S receives 0.0053%/h
BERA	crypto	GMX	0.0023%	0.0181%	19.7651%	1h	—	open	L pays 0.0082%/h · S receives 0.0023%/h
PENGU	crypto	GMX	-0.0004%	-0.0030%	-3.2743%	1h	—	open	L receives 0.0004%/h · S pays 0.0025%/h
VIRTUAL	crypto	GMX	0.0017%	0.0137%	15.0000%	1h	—	open	L pays 0.0031%/h · S receives 0.0021%/h
ONDO	crypto	GMX	0.0024%	0.0191%	20.9500%	1h	—	open	L pays 0.0075%/h · S receives 0.0025%/h
FET	crypto	GMX	0.0020%	0.0160%	17.5352%	1h	—	open	L pays 0.0041%/h · S receives 0.0056%/h
CAKE	crypto	GMX	-0.0014%	-0.0114%	-12.4989%	1h	—	open	L receives 0.0014%/h · S pays 0.0018%/h
HYPE	crypto	GMX	0.0023%	0.0187%	20.5207%	1h	—	open	L pays 0.0031%/h · S receives 0.0025%/h
JUP	crypto	GMX	-0.0003%	-0.0027%	-3.0014%	1h	—	open	L pays 0.0008%/h · S pays 0.0006%/h
ZRO	crypto	GMX	0.0017%	0.0137%	15.0000%	1h	—	open	L pays 0.0073%/h · S receives 0.0021%/h
XMR	crypto	GMX	0.0020%	0.0160%	17.4680%	1h	—	open	L pays 0.0020%/h · S pays 0.0002%/h
CRV	crypto	GMX	0.0024%	0.0189%	20.7091%	1h	—	open	L pays 0.0062%/h · S receives 0.0026%/h
PUMP	crypto	GMX	0.0001%	0.0009%	1.0000%	1h	—	open	L pays 0.0006%/h · S receives 0.0001%/h
SPX6900	crypto	GMX	0.0024%	0.0191%	20.9500%	1h	—	open	L pays 0.0072%/h · S receives 0.0031%/h
MNT	crypto	GMX	0.0052%	0.0416%	45.5559%	1h	—	open	L pays 0.0087%/h · S receives 0.0106%/h
ALGO	crypto	GMX	0.0023%	0.0183%	20.0000%	1h	—	open	L pays 0.0032%/h · S receives 0.0026%/h
HBAR	crypto	GMX	0.0021%	0.0167%	18.2432%	1h	—	open	L pays 0.0050%/h · S receives 0.0026%/h
CRO	crypto	GMX	-0.0008%	-0.0065%	-7.1715%	1h	—	open	L pays 0.0025%/h · S pays 0.0010%/h
CVX	crypto	GMX	0.0026%	0.0209%	22.9244%	1h	—	open	L pays 0.0067%/h · S receives 0.0026%/h
AERO	crypto	GMX	0.0018%	0.0146%	15.9381%	1h	—	open	L pays 0.0018%/h · S receives 0.0007%/h
WLFI	crypto	GMX	0.0022%	0.0174%	19.0367%	1h	—	open	L pays 0.0069%/h · S receives 0.0039%/h
VVV	crypto	GMX	0.0010%	0.0080%	8.7943%	1h	—	open	L pays 0.0019%/h · S receives 0.0010%/h
XPL	crypto	GMX	0.0022%	0.0173%	18.9104%	1h	—	open	L pays 0.0025%/h · S receives 0.0046%/h
BNB	crypto	GMX	0.0018%	0.0147%	16.0916%	1h	—	open	L pays 0.0027%/h · S receives 0.0021%/h
ASTER	crypto	GMX	0.0017%	0.0137%	15.0000%	1h	—	open	L pays 0.0051%/h · S receives 0.0018%/h
MON	crypto	GMX	0.0019%	0.0152%	16.6552%	1h	—	open	L pays 0.0019%/h · S receives 0.0003%/h
ZEC	crypto	GMX	0.0017%	0.0140%	15.3113%	1h	—	open	L pays 0.0023%/h · S receives 0.0019%/h
DASH	crypto	GMX	0.0023%	0.0185%	20.2668%	1h	—	open	L pays 0.0046%/h · S receives 0.0032%/h
SYRUP	crypto	GMX	0.0023%	0.0187%	20.5087%	1h	—	open	L pays 0.0076%/h · S receives 0.0024%/h
LIT	crypto	GMX	0.0017%	0.0139%	15.2300%	1h	—	open	L pays 0.0046%/h · S receives 0.0022%/h
CC	crypto	GMX	0.0022%	0.0175%	19.1831%	1h	—	open	L pays 0.0029%/h · S receives 0.0046%/h
SPCX	crypto	GMX	0.0021%	0.0164%	17.9866%	1h	—	open	L pays 0.0028%/h · S receives 0.0024%/h

LeverUp on this dashboard

LeverUp lists gold, FX, indices and stocks as perps you trade from a web3 wallet with up to 50x leverage (from data). Its traditional-asset markets and major crypto markets such as BTC and ETH are routed to Hyperliquid, so their funding equals Hyperliquid's; the difference is leverage and wallet-based trading, not cheaper funding. Only its on-chain pool crypto markets (BNB, DOGE, LINK, LIT, MON, PEPE, QNT, SOL, SUI, TRX, UNI, XMR, XRP, ZEC) charge a funding rate plus a per-side holding fee, so long and short costs differ.

Trade on LeverUp

Methodology

Short version (the full methodology page has the formulas and caveats): we pull public funding endpoints from each venue every 10 minutes, normalize rates to an hourly decimal (rate per interval ÷ interval hours), then derive 8h and simple APR (×24×365). Sign convention: positive means longs pay shorts. Binance and Bybit fall back to Hyperliquid predictedFundings when direct APIs are geo-blocked. GMX publishes an annualised rate (scaled by 1e30), which we divide by 8,760; GMX is shown in tables but kept out of spread math because its pool-skew funding and borrowing fee are not comparable with order-book funding.

FAQ

What is a funding rate?

Periodic payment between long and short perp traders tied to the premium vs index.

Why positive vs negative?

Crowding on one side vs index price.

Payment frequency?

Varies: 1h HL/dYdX/LP cross; 4h edgeX; 8h many CEX; continuous LP pool/Paradex/GMX.

Compare 1h and 8h?

Divide the interval rate by interval hours.

Weekend closed labels?

Fri 21:00 – Sun 22:00 UTC for trad assets without venue flags.

Other costs?

Borrow/holding fees on GMX and LP pool.