Funding Rates › Briefing › 2026-10-31
Perp Funding Briefing — 2026-10-31 (UTC)
The widest liquid gap to the cross-venue median was OKX on TRX: -0.2886% per 8h against a median of -0.0044% (-28.42 bps). 143 liquid venue rates moved by 3 bps or more per 8h since 2026-10-30; the largest was Hyperliquid (xyz) on SMSN, 0.9880% to 0.0050% (-98.30 bps). No new HIP-3 markets since 2026-10-30; 4 dexes and 166 markets are listed. The largest reported open interest was BTC on Bybit, $5.30B.
Built from the snapshot of , the first cron run of the UTC day. All text is generated from stored numbers with fixed templates. Material-change score 20 (threshold 12): 0 new HIP-3 markets, 0 new dexes, 143 movers, 9 changes in the top-10 deviations, 1 in the top-10 open interest. Each part counts at most 10. Method.
1. Funding deviations
The 10 largest gaps between a venue's 8h funding rate and the coin's cross-venue median, liquid legs only ($1M open interest screen, same as the deviation page). 795 legs were ranked.
| # | Coin | Venue | Venue 8h | Median 8h | Deviation | Venues |
|---|---|---|---|---|---|---|
| 1 | TRX | OKX | -0.2886% | -0.0044% | -28.42 bps | 8 |
| 2 | QNT | Hyperliquid (xyz) | 0.1887% | 0.0100% | +17.87 bps | 7 |
| 3 | CASHCAT | Aster | 0.1905% | 0.0142% | +17.63 bps | 6 |
| 4 | XMR | Hyperliquid | 0.1902% | 0.0392% | +15.11 bps | 7 |
| 5 | XPL | Aster | 0.1515% | 0.0100% | +14.15 bps | 6 |
| 6 | MRVL | edgeX | -0.0990% | 0.0000% | -9.90 bps | 6 |
| 7 | AVGO | edgeX | -0.0948% | 0.0000% | -9.48 bps | 6 |
| 8 | CXMT | Hyperliquid (xyz) | 0.1151% | 0.0224% | +9.27 bps | 5 |
| 9 | MINIMAX | edgeX | 0.0886% | 0.0038% | +8.48 bps | 5 |
| 10 | AAOI | Hyperliquid (xyz) | 0.0864% | 0.0025% | +8.39 bps | 6 |
2. Movers
Largest change in 8h funding per liquid coin and venue against the previous UTC day's stored digest. 1075 legs compared; 143 moved by 3 bps or more.
| Coin | Venue | 8h on 2026-10-30 | 8h now | Change |
|---|---|---|---|---|
| SMSN | Hyperliquid (xyz) | 0.9880% | 0.0050% | -98.30 bps |
| ORU | Hyperliquid (xyz) | 0.5822% | -0.0026% | -58.49 bps |
| TRX | OKX | -0.8502% | -0.2886% | +56.16 bps |
| MINIMAX | Hyperliquid (xyz) | -0.5085% | 0.0112% | +51.97 bps |
| UNITREE | OKX | -0.4849% | -0.0241% | +46.08 bps |
| HYUNDAI | Hyperliquid (xyz) | -0.3554% | 0.0698% | +42.52 bps |
| NET | Hyperliquid (xyz) | 0.4294% | 0.0043% | -42.51 bps |
| MINIMAX | edgeX | -0.2400% | 0.0886% | +32.86 bps |
| ZHIPU | Hyperliquid (xyz) | -0.3155% | 0.0057% | +32.12 bps |
| MINIMAX | Lighter | -0.3064% | 0.0032% | +30.96 bps |
3. Open interest leaders
Only venues that report open interest are ranked: Bybit, Hyperliquid, Hyperliquid (xyz), dYdX. Venues that report none are absent from this table.
| # | Coin | Venue | Open interest | Previous day | Change |
|---|---|---|---|---|---|
| 1 | BTC | Bybit | $5.30B | $5.22B | +1.5% |
| 2 | BTC | Hyperliquid | $3.31B | $3.45B | -4.3% |
| 3 | ETH | Hyperliquid | $2.22B | $2.53B | -12.1% |
| 4 | HYPE | Hyperliquid | $1.99B | $1.92B | +3.6% |
| 5 | ETH | Bybit | $1.81B | $1.88B | -4.0% |
| 6 | ZEC | Hyperliquid | $657.2M | $602.0M | +9.2% |
| 7 | SOL | Bybit | $592.9M | $587.3M | +1.0% |
| 8 | SOL | Hyperliquid | $516.9M | $541.7M | -4.6% |
| 9 | HYPE | Bybit | $312.6M | $310.2M | +0.8% |
| 10 | XRP | Bybit | $292.5M | $276.8M | +5.7% |
4. New HIP-3 markets
No market was added since 2026-10-30. 4 dexes and 166 markets are listed.