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/ethereum/snapshot/2026-09-25T1731/.
Permanent snapshot · never updated
Ethereum 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/ethereum/snapshot/2026-09-25T1731
Ethereum perpetual funding, open-interest weighted
+7.2%The average funding rate on Ethereum 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 9 are shown. Simple average of all 9: -1.5%.
Rate type: Current funding rate, annualized. Cited as: “Ethereum perpetual funding is about +7.2% a year, weighted by open interest across the 5 of 9 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 · 9 tracked. Simple average of all 9: -1.5%.
Not includedTrading fees, spreads and liquidation risk.
Exchanges (9)
Hyperliquid In the weighted average+11.0% a year
ETHAs quoted +0.0013% every 1hPer 8 hours +0.0100%Open interest $3.0BWho pays Longs pay shortsExchange contract page ↗OKX In the weighted average+2.1% a year
ETH-USDT-SWAPAs quoted +0.0019% every 8hPer 8 hours +0.0019%Open interest $1.6BWho pays Longs pay shortsExchange contract page ↗Deribit In the weighted average+0.1% a year
ETH-PERPETUALAs quoted +0.0001% every 8hPer 8 hours +0.0001%Open interest $242.4MWho pays Longs pay shortsExchange contract page ↗Kraken In the weighted average−2.4% a year
PF_ETHUSDAs quoted −0.0003% every 1hPer 8 hours −0.0022%Open interest $70.0MWho pays Shorts pay longsExchange contract page ↗dYdX In the weighted average−46.7% a year
ETH-USDAs quoted −0.0053% every 1hPer 8 hours −0.0426%Open interest $14.7MWho pays Shorts pay longsExchange contract page ↗Gate Not weighted: no open interest reported+8.2% a year
ETH_USDTAs quoted +0.0075% every 8hPer 8 hours +0.0075%Who pays Longs pay shortsExchange contract page ↗MEXC Not weighted: no open interest reported+6.4% a year
ETH_USDTAs quoted +0.0058% every 8hPer 8 hours +0.0058%Who pays Longs pay shortsExchange contract page ↗HTX Not weighted: no open interest reported+2.1% a year
ETH-USDTAs quoted +0.0019% every 8hPer 8 hours +0.0019%Who pays Longs pay shortsExchange contract page ↗Coinbase Intl. Not weighted: no open interest reported+6.1% a year
ETH-PERPAs quoted +0.0007% every 1hPer 8 hours +0.0056%Who pays Longs pay shortsExchange contract page ↗Ethereum funding, 30-day average
+6.1%The average annualized funding rate over the last 30 days: a simple average across the 8 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: “Ethereum perpetual funding averaged about +6.1% a year over 30 days (simple average of 8 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 8 exchanges with 30 days of history. Today’s simple average for comparison: -1.5%.
Exchanges (9)
Hyperliquid In the weighted average+11.0% a year
ETHAs quoted +0.0013% every 1hPer 8 hours +0.0100%Open interest $3.0BWho pays Longs pay shortsExchange contract page ↗OKX In the weighted average+2.1% a year
ETH-USDT-SWAPAs quoted +0.0019% every 8hPer 8 hours +0.0019%Open interest $1.6BWho pays Longs pay shortsExchange contract page ↗Deribit In the weighted average+0.1% a year
ETH-PERPETUALAs quoted +0.0001% every 8hPer 8 hours +0.0001%Open interest $242.4MWho pays Longs pay shortsExchange contract page ↗Kraken In the weighted average−2.4% a year
PF_ETHUSDAs quoted −0.0003% every 1hPer 8 hours −0.0022%Open interest $70.0MWho pays Shorts pay longsExchange contract page ↗dYdX In the weighted average−46.7% a year
ETH-USDAs quoted −0.0053% every 1hPer 8 hours −0.0426%Open interest $14.7MWho pays Shorts pay longsExchange contract page ↗Gate Not weighted: no open interest reported+8.2% a year
ETH_USDTAs quoted +0.0075% every 8hPer 8 hours +0.0075%Who pays Longs pay shortsExchange contract page ↗MEXC Not weighted: no open interest reported+6.4% a year
ETH_USDTAs quoted +0.0058% every 8hPer 8 hours +0.0058%Who pays Longs pay shortsExchange contract page ↗HTX Not weighted: no open interest reported+2.1% a year
ETH-USDTAs quoted +0.0019% every 8hPer 8 hours +0.0019%Who pays Longs pay shortsExchange contract page ↗Coinbase Intl. Not weighted: no open interest reported+6.1% a year
ETH-PERPAs quoted +0.0007% every 1hPer 8 hours +0.0056%Who pays Longs pay shortsExchange contract page ↗Hyperliquid ETH funding rate
+11.0%Hyperliquid’s current Ethereum perpetual funding rate, annualized. It pays every 1 hours.
Current rate +0.0013% per 1h = +0.0100% per 8h = +11.0% a year.
Rate type: Current funding rate, annualized. Cited as: “Hyperliquid’s Ethereum funding rate is +11.0% 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)
Hyperliquid In the weighted average+11.0% a year
ETHAs quoted +0.0013% every 1hPer 8 hours +0.0100%Open interest $3.0BWho pays Longs pay shortsExchange contract page ↗OKX ETH funding rate
+2.1%OKX’s current Ethereum perpetual funding rate, annualized. It pays every 8 hours.
Current rate +0.0019% per 8h = +0.0019% per 8h = +2.1% a year.
Rate type: Current funding rate, annualized. Cited as: “OKX’s Ethereum funding rate is +2.1% 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+2.1% a year
ETH-USDT-SWAPAs quoted +0.0019% every 8hPer 8 hours +0.0019%Open interest $1.6BWho pays Longs pay shortsExchange contract page ↗Deribit ETH funding rate
+0.1%Deribit’s current Ethereum perpetual funding rate, annualized. It pays every 8 hours.
Current rate +0.0001% per 8h = +0.0001% per 8h = +0.1% a year. Accrues continuously; shown as its 8-hour equivalent.
Rate type: Current funding rate, annualized. Cited as: “Deribit’s Ethereum funding rate is +0.1% 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+0.1% a year
ETH-PERPETUALAs quoted +0.0001% every 8hPer 8 hours +0.0001%Open interest $242.4MWho pays Longs pay shortsExchange contract page ↗Kraken ETH funding rate
-2.4%Kraken’s current Ethereum perpetual funding rate, annualized. It pays every 1 hours.
Current rate -0.0003% per 1h = -0.0022% per 8h = -2.4% a year. Kraken Derivatives; availability depends on your country.
Rate type: Current funding rate, annualized. Cited as: “Kraken’s Ethereum funding rate is -2.4% 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−2.4% a year
PF_ETHUSDAs quoted −0.0003% every 1hPer 8 hours −0.0022%Open interest $70.0MWho pays Shorts pay longsExchange contract page ↗dYdX ETH funding rate
-46.7%dYdX’s current Ethereum perpetual funding rate, annualized. It pays every 1 hours.
Current rate -0.0053% per 1h = -0.0426% per 8h = -46.7% a year.
Rate type: Current funding rate, annualized. Cited as: “dYdX’s Ethereum funding rate is -46.7% 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−46.7% a year
ETH-USDAs quoted −0.0053% every 1hPer 8 hours −0.0426%Open interest $14.7MWho pays Shorts pay longsExchange contract page ↗Gate ETH funding rate
+8.2%Gate’s current Ethereum perpetual funding rate, annualized. It pays every 8 hours.
Current rate +0.0075% per 8h = +0.0075% per 8h = +8.2% a year.
Rate type: Current funding rate, annualized. Cited as: “Gate’s Ethereum funding rate is +8.2% 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+8.2% a year
ETH_USDTAs quoted +0.0075% every 8hPer 8 hours +0.0075%Who pays Longs pay shortsExchange contract page ↗MEXC ETH funding rate
+6.4%MEXC’s current Ethereum perpetual funding rate, annualized. It pays every 8 hours.
Current rate +0.0058% per 8h = +0.0058% per 8h = +6.4% a year.
Rate type: Current funding rate, annualized. Cited as: “MEXC’s Ethereum funding rate is +6.4% 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)
MEXC Not weighted: no open interest reported+6.4% a year
ETH_USDTAs quoted +0.0058% every 8hPer 8 hours +0.0058%Who pays Longs pay shortsExchange contract page ↗HTX ETH funding rate
+2.1%HTX’s current Ethereum perpetual funding rate, annualized. It pays every 8 hours.
Current rate +0.0019% per 8h = +0.0019% per 8h = +2.1% a year.
Rate type: Current funding rate, annualized. Cited as: “HTX’s Ethereum funding rate is +2.1% 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+2.1% a year
ETH-USDTAs quoted +0.0019% every 8hPer 8 hours +0.0019%Who pays Longs pay shortsExchange contract page ↗Coinbase Intl. ETH funding rate
+6.1%Coinbase Intl.’s current Ethereum perpetual funding rate, annualized. It pays every 1 hours.
Current rate +0.0007% per 1h = +0.0056% per 8h = +6.1% a year. Coinbase International Exchange; not available to US customers.
Rate type: Current funding rate, annualized. Cited as: “Coinbase Intl.’s Ethereum funding rate is +6.1% 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+6.1% a year
ETH-PERPAs quoted +0.0007% every 1hPer 8 hours +0.0056%Who pays Longs pay shortsExchange contract page ↗