The snapshot from Sep 25, 3:54 PM ET isn’t kept: this page’s figures are live, and older snapshots aren’t stored yet. This is the latest, at its own permanent address: https://defirate.com/perp/bitcoin/snapshot/2026-09-25T1731/.
Permanent snapshot · never updated
Bitcoin funding ratesEvery figure as of Sep 25, 5:31 PM ET
A frozen record for citation. Numbers on the live page change as markets move; these don’t. Methodology · Live source records
Data observedSep 25, 5:31 PM ET
Live page updatedSep 25, 5:31 PM ET
Permanent URLhttps://defirate.com/perp/bitcoin/snapshot/2026-09-25T1731
Bitcoin perpetual funding, open-interest weighted
+1.3%The average funding rate on Bitcoin perpetual futures, weighted by each exchange’s open interest and annualized. Positive means traders who are long pay those who are short.
Each exchange’s current rate converted to an 8-hour rate, then to a year (× 3 × 365), and weighted by open interest. Only the 5 exchanges that report open interest are in the weighted average; all 8 are shown. Simple average of all 8: +0.5%.
Rate type: Current funding rate, annualized. Cited as: “Bitcoin perpetual funding is about +1.3% a year, weighted by open interest across the 5 of 8 tracked exchanges that report it” (exchange APIs via DeFi Rate).
UnitsAnnualized: each exchange’s rate converted to 8 hours, then × 3 × 365. Positive means longs pay shorts.
CoverageWeighted by open interest from 5 exchanges that report it · 8 tracked. Simple average of all 8: +0.5%.
Not includedTrading fees, spreads and liquidation risk.
Exchanges (8)
Hyperliquid In the weighted average+2.5% a year
BTCAs quoted +0.0003% every 1hPer 8 hours +0.0023%Open interest $3.2BWho pays Longs pay shortsExchange contract page ↗OKX In the weighted average+0.5% a year
BTC-USDT-SWAPAs quoted +0.0005% every 8hPer 8 hours +0.0005%Open interest $2.4BWho pays Longs pay shortsExchange contract page ↗Deribit In the weighted average+0.0% a year
BTC-PERPETUALAs quoted +0.0000% every 8hPer 8 hours +0.0000%Open interest $907.9MWho pays Longs pay shortsExchange contract page ↗Kraken In the weighted average−4.8% a year
PF_XBTUSDAs quoted −0.0005% every 1hPer 8 hours −0.0044%Open interest $180.5MWho pays Shorts pay longsExchange contract page ↗dYdX In the weighted average+0.0% a year
BTC-USDAs quoted +0.0000% every 1hPer 8 hours +0.0000%Open interest $16.1MWho pays Neither sideExchange contract page ↗Gate Not weighted: no open interest reported−1.3% a year
BTC_USDTAs quoted −0.0012% every 8hPer 8 hours −0.0012%Who pays Shorts pay longsExchange contract page ↗HTX Not weighted: no open interest reported+1.5% a year
BTC-USDTAs quoted +0.0014% every 8hPer 8 hours +0.0014%Who pays Longs pay shortsExchange contract page ↗Coinbase Intl. Not weighted: no open interest reported+5.3% a year
BTC-PERPAs quoted +0.0006% every 1hPer 8 hours +0.0048%Who pays Longs pay shortsExchange contract page ↗Bitcoin funding, 30-day average
+5.3%The average annualized funding rate over the last 30 days: a simple average across the 7 exchanges with 30 days of history.
Mean of each exchange’s own 30-day average of its paid funding, annualized. Not weighted by open interest (we don’t have 30 days of open-interest history), so compare it with today’s simple average, not the weighted headline.
Rate type: 30-day average funding, annualized. Cited as: “Bitcoin perpetual funding averaged about +5.3% a year over 30 days (simple average of 7 exchanges)” (exchange APIs via DeFi Rate).
UnitsAnnualized: each exchange’s rate converted to 8 hours, then × 3 × 365. Positive means longs pay shorts.
CoverageSimple average of the 7 exchanges with 30 days of history. Today’s simple average for comparison: +0.5%.
Exchanges (8)
Hyperliquid In the weighted average+2.5% a year
BTCAs quoted +0.0003% every 1hPer 8 hours +0.0023%Open interest $3.2BWho pays Longs pay shortsExchange contract page ↗OKX In the weighted average+0.5% a year
BTC-USDT-SWAPAs quoted +0.0005% every 8hPer 8 hours +0.0005%Open interest $2.4BWho pays Longs pay shortsExchange contract page ↗Deribit In the weighted average+0.0% a year
BTC-PERPETUALAs quoted +0.0000% every 8hPer 8 hours +0.0000%Open interest $907.9MWho pays Longs pay shortsExchange contract page ↗Kraken In the weighted average−4.8% a year
PF_XBTUSDAs quoted −0.0005% every 1hPer 8 hours −0.0044%Open interest $180.5MWho pays Shorts pay longsExchange contract page ↗dYdX In the weighted average+0.0% a year
BTC-USDAs quoted +0.0000% every 1hPer 8 hours +0.0000%Open interest $16.1MWho pays Neither sideExchange contract page ↗Gate Not weighted: no open interest reported−1.3% a year
BTC_USDTAs quoted −0.0012% every 8hPer 8 hours −0.0012%Who pays Shorts pay longsExchange contract page ↗HTX Not weighted: no open interest reported+1.5% a year
BTC-USDTAs quoted +0.0014% every 8hPer 8 hours +0.0014%Who pays Longs pay shortsExchange contract page ↗Coinbase Intl. Not weighted: no open interest reported+5.3% a year
BTC-PERPAs quoted +0.0006% every 1hPer 8 hours +0.0048%Who pays Longs pay shortsExchange contract page ↗Hyperliquid BTC funding rate
+2.5%Hyperliquid’s current Bitcoin perpetual funding rate, annualized. It pays every 1 hours.
Current rate +0.0003% per 1h = +0.0023% per 8h = +2.5% a year.
Rate type: Current funding rate, annualized. Cited as: “Hyperliquid’s Bitcoin funding rate is +2.5% a year” (exchange APIs via DeFi Rate).
UnitsAnnualized: each exchange’s rate converted to 8 hours, then × 3 × 365. Positive means longs pay shorts.
Exchanges (1)
Hyperliquid In the weighted average+2.5% a year
BTCAs quoted +0.0003% every 1hPer 8 hours +0.0023%Open interest $3.2BWho pays Longs pay shortsExchange contract page ↗OKX BTC funding rate
+0.5%OKX’s current Bitcoin perpetual funding rate, annualized. It pays every 8 hours.
Current rate +0.0005% per 8h = +0.0005% per 8h = +0.5% a year.
Rate type: Current funding rate, annualized. Cited as: “OKX’s Bitcoin funding rate is +0.5% a year” (exchange APIs via DeFi Rate).
UnitsAnnualized: each exchange’s rate converted to 8 hours, then × 3 × 365. Positive means longs pay shorts.
Exchanges (1)
OKX In the weighted average+0.5% a year
BTC-USDT-SWAPAs quoted +0.0005% every 8hPer 8 hours +0.0005%Open interest $2.4BWho pays Longs pay shortsExchange contract page ↗Deribit BTC funding rate
+0.0%Deribit’s current Bitcoin perpetual funding rate, annualized. It pays every 8 hours.
Current rate +0.0000% per 8h = +0.0000% per 8h = +0.0% a year. Accrues continuously; shown as its 8-hour equivalent.
Rate type: Current funding rate, annualized. Cited as: “Deribit’s Bitcoin funding rate is +0.0% a year” (exchange APIs via DeFi Rate).
UnitsAnnualized: each exchange’s rate converted to 8 hours, then × 3 × 365. Positive means longs pay shorts.
Exchanges (1)
Deribit In the weighted average+0.0% a year
BTC-PERPETUALAs quoted +0.0000% every 8hPer 8 hours +0.0000%Open interest $907.9MWho pays Longs pay shortsExchange contract page ↗Kraken BTC funding rate
-4.8%Kraken’s current Bitcoin perpetual funding rate, annualized. It pays every 1 hours.
Current rate -0.0005% per 1h = -0.0044% per 8h = -4.8% a year. Kraken Derivatives; availability depends on your country.
Rate type: Current funding rate, annualized. Cited as: “Kraken’s Bitcoin funding rate is -4.8% a year” (exchange APIs via DeFi Rate).
UnitsAnnualized: each exchange’s rate converted to 8 hours, then × 3 × 365. Positive means longs pay shorts.
Exchanges (1)
Kraken In the weighted average−4.8% a year
PF_XBTUSDAs quoted −0.0005% every 1hPer 8 hours −0.0044%Open interest $180.5MWho pays Shorts pay longsExchange contract page ↗dYdX BTC funding rate
+0.0%dYdX’s current Bitcoin perpetual funding rate, annualized. It pays every 1 hours.
Current rate +0.0000% per 1h = +0.0000% per 8h = +0.0% a year.
Rate type: Current funding rate, annualized. Cited as: “dYdX’s Bitcoin funding rate is +0.0% a year” (exchange APIs via DeFi Rate).
UnitsAnnualized: each exchange’s rate converted to 8 hours, then × 3 × 365. Positive means longs pay shorts.
Exchanges (1)
dYdX In the weighted average+0.0% a year
BTC-USDAs quoted +0.0000% every 1hPer 8 hours +0.0000%Open interest $16.1MWho pays Neither sideExchange contract page ↗Gate BTC funding rate
-1.3%Gate’s current Bitcoin perpetual funding rate, annualized. It pays every 8 hours.
Current rate -0.0012% per 8h = -0.0012% per 8h = -1.3% a year.
Rate type: Current funding rate, annualized. Cited as: “Gate’s Bitcoin funding rate is -1.3% a year” (exchange APIs via DeFi Rate).
UnitsAnnualized: each exchange’s rate converted to 8 hours, then × 3 × 365. Positive means longs pay shorts.
Exchanges (1)
Gate Not weighted: no open interest reported−1.3% a year
BTC_USDTAs quoted −0.0012% every 8hPer 8 hours −0.0012%Who pays Shorts pay longsExchange contract page ↗HTX BTC funding rate
+1.5%HTX’s current Bitcoin perpetual funding rate, annualized. It pays every 8 hours.
Current rate +0.0014% per 8h = +0.0014% per 8h = +1.5% a year.
Rate type: Current funding rate, annualized. Cited as: “HTX’s Bitcoin funding rate is +1.5% a year” (exchange APIs via DeFi Rate).
UnitsAnnualized: each exchange’s rate converted to 8 hours, then × 3 × 365. Positive means longs pay shorts.
Exchanges (1)
HTX Not weighted: no open interest reported+1.5% a year
BTC-USDTAs quoted +0.0014% every 8hPer 8 hours +0.0014%Who pays Longs pay shortsExchange contract page ↗Coinbase Intl. BTC funding rate
+5.3%Coinbase Intl.’s current Bitcoin perpetual funding rate, annualized. It pays every 1 hours.
Current rate +0.0006% per 1h = +0.0048% per 8h = +5.3% a year. Coinbase International Exchange; not available to US customers.
Rate type: Current funding rate, annualized. Cited as: “Coinbase Intl.’s Bitcoin funding rate is +5.3% a year” (exchange APIs via DeFi Rate).
UnitsAnnualized: each exchange’s rate converted to 8 hours, then × 3 × 365. Positive means longs pay shorts.
Exchanges (1)
Coinbase Intl. Not weighted: no open interest reported+5.3% a year
BTC-PERPAs quoted +0.0006% every 1hPer 8 hours +0.0048%Who pays Longs pay shortsExchange contract page ↗