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 11:20 UTC, BTC funding ranged from -0.0020% to 0.0145% per 8h across 9 venues (median 0.0080%). 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 0.0000% on Aster.

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

Updated 14/14 venues · as of 11:20 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
CASHCAT	edgeX -0.0712%	Hyperliquid 0.0100%	0.0812%	88.8680%
GRAM	Hyperliquid -0.0124%	Lighter 0.0552%	0.0676%	73.9687%
PONS	Lighter -0.0544%	edgeX 0.0108%	0.0652%	71.3611%
WLFI	OKX 0.0023%	Aster 0.0669%	0.0647%	70.7930%
GOOGL	edgeX -0.0528%	Lighter 0.0112%	0.0640%	70.1107%

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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 16 of 2163 markets (filtered). Clear filters

Asset	Class	Venue	1h	8h	APR	Interval	Next funding	Status	L / S
TSLA	stock	Hyperliquid (xyz)	0.0006%	0.0050%	5.4750%	1h	in 34m	open	—
NVDA	stock	Hyperliquid (xyz)	0.0006%	0.0050%	5.4750%	1h	in 34m	open	—
HOOD	stock	Hyperliquid (xyz)	0.0018%	0.0145%	15.8906%	1h	in 34m	open	—
INTC	stock	Hyperliquid (xyz)	0.0006%	0.0050%	5.4750%	1h	in 34m	open	—
PLTR	stock	Hyperliquid (xyz)	-0.0007%	-0.0058%	-6.3042%	1h	in 34m	open	—
COIN	stock	Hyperliquid (xyz)	0.0006%	0.0050%	5.4750%	1h	in 34m	open	—
META	stock	Hyperliquid (xyz)	0.0011%	0.0088%	9.6196%	1h	in 34m	open	—
AAPL	stock	Hyperliquid (xyz)	0.0006%	0.0050%	5.4750%	1h	in 34m	open	—
MSFT	stock	Hyperliquid (xyz)	0.0006%	0.0050%	5.4750%	1h	in 34m	open	—
ORCL	stock	Hyperliquid (xyz)	0.0006%	0.0050%	5.4750%	1h	in 34m	open	—
GOOGL	stock	Hyperliquid (xyz)	0.0006%	0.0050%	5.4750%	1h	in 34m	open	—
AMZN	stock	Hyperliquid (xyz)	0.0006%	0.0050%	5.4750%	1h	in 34m	open	—
AMD	stock	Hyperliquid (xyz)	0.0006%	0.0050%	5.4750%	1h	in 34m	open	—
MSTR	stock	Hyperliquid (xyz)	0.0022%	0.0177%	19.3708%	1h	in 34m	open	—
NFLX	stock	Hyperliquid (xyz)	0.0009%	0.0072%	7.9381%	1h	in 34m	open	—
BABA	stock	Hyperliquid (xyz)	0.0006%	0.0050%	5.4750%	1h	in 34m	open	—

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.

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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.