Bitcoin funding ratesWhere every number comes from

The data, rate or quote types and calculation behind each figure on the Bitcoin funding rates page. Rates observed Oct 22, 7:33 PM ET; this page updates with it. For a frozen copy, use the snapshot.

MethodologyHow DeFi Rate prices, averages and labels figures

Datasets (CSV)Bitcoin perpetual funding by exchange
Every figure and contract

Figures12 records below, each with its own link (#id)

Bitcoin perpetual funding, open-interest weighted

+8.7%

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 7 exchanges that report open interest are in the weighted average; all 10 are shown. Simple average of all 10: -NaN%.

Rate type: Current funding rate, annualized. Cited as: “Bitcoin perpetual funding is about +8.7% a year, weighted by open interest across the 7 of 10 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 7 exchanges that report it · 10 tracked. Simple average of all 10: -NaN%.

Not includedTrading fees, spreads and liquidation risk.

Exchanges (10)

Hyperliquid In the weighted average+11.0% a year

BTCAs quoted +0.0013% every 1hPer 8 hours +0.0100%Open interest $3.5BWho pays Longs pay shortsExchange contract page ↗

OKX In the weighted average+7.3% a year

BTC-USDT-SWAPAs quoted +0.0067% every 8hPer 8 hours +0.0067%Open interest $2.5BWho pays Longs pay shortsExchange contract page ↗

Deribit In the weighted average+2.4% a year

BTC-PERPETUALAs quoted +0.0022% every 8hPer 8 hours +0.0022%Open interest $817.5MWho pays Longs pay shortsExchange contract page ↗

Kraken In the weighted average+11.4% a year

PF_XBTUSDAs quoted +0.0013% every 1hPer 8 hours +0.0104%Open interest $204.1MWho pays Longs pay shortsExchange contract page ↗

Kalshi In the weighted average+15.9% a year

KXBTCPERPAs quoted +0.0145% every 8hPer 8 hours +0.0145%Open interest $26.2MWho pays Longs pay shortsExchange contract page ↗

dYdX In the weighted average+21.5% a year

BTC-USDAs quoted +0.0025% every 1hPer 8 hours +0.0196%Open interest $17.0MWho pays Longs pay shortsExchange contract page ↗

Polymarket In the weighted average+11.0% a year

BTC-USDAs quoted +0.0013% every 1hPer 8 hours +0.0100%Open interest $12.2MWho pays Longs pay shortsExchange contract page ↗

Gate Not weighted: no open interest reported+7.9% a year

BTC_USDTAs quoted +0.0072% every 8hPer 8 hours +0.0072%Who pays Longs pay shortsExchange contract page ↗

HTX Not weighted: no open interest reported+11.0% a year

BTC-USDTAs quoted +0.0100% every 8hPer 8 hours +0.0100%Who pays Longs pay shortsExchange contract page ↗

Coinbase Intl. Not weighted: no open interest reported−NaN% a year

BTC-PERPAs quoted −NaN% every 1hPer 8 hours −NaN%Who pays Neither sideExchange contract page ↗

Bitcoin funding, 30-day average

+5.4%

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: “Bitcoin perpetual funding averaged about +5.4% 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: -NaN%.

Exchanges (10)

Hyperliquid In the weighted average+11.0% a year

BTCAs quoted +0.0013% every 1hPer 8 hours +0.0100%Open interest $3.5BWho pays Longs pay shortsExchange contract page ↗

OKX In the weighted average+7.3% a year

BTC-USDT-SWAPAs quoted +0.0067% every 8hPer 8 hours +0.0067%Open interest $2.5BWho pays Longs pay shortsExchange contract page ↗

Deribit In the weighted average+2.4% a year

BTC-PERPETUALAs quoted +0.0022% every 8hPer 8 hours +0.0022%Open interest $817.5MWho pays Longs pay shortsExchange contract page ↗

Kraken In the weighted average+11.4% a year

PF_XBTUSDAs quoted +0.0013% every 1hPer 8 hours +0.0104%Open interest $204.1MWho pays Longs pay shortsExchange contract page ↗

Kalshi In the weighted average+15.9% a year

KXBTCPERPAs quoted +0.0145% every 8hPer 8 hours +0.0145%Open interest $26.2MWho pays Longs pay shortsExchange contract page ↗

dYdX In the weighted average+21.5% a year

BTC-USDAs quoted +0.0025% every 1hPer 8 hours +0.0196%Open interest $17.0MWho pays Longs pay shortsExchange contract page ↗

Polymarket In the weighted average+11.0% a year

BTC-USDAs quoted +0.0013% every 1hPer 8 hours +0.0100%Open interest $12.2MWho pays Longs pay shortsExchange contract page ↗

Gate Not weighted: no open interest reported+7.9% a year

BTC_USDTAs quoted +0.0072% every 8hPer 8 hours +0.0072%Who pays Longs pay shortsExchange contract page ↗

HTX Not weighted: no open interest reported+11.0% a year

BTC-USDTAs quoted +0.0100% every 8hPer 8 hours +0.0100%Who pays Longs pay shortsExchange contract page ↗

Coinbase Intl. Not weighted: no open interest reported−NaN% a year

BTC-PERPAs quoted −NaN% every 1hPer 8 hours −NaN%Who pays Neither sideExchange contract page ↗

Hyperliquid BTC funding rate

+11.0%

Hyperliquid’s current Bitcoin 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 Bitcoin 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

BTCAs quoted +0.0013% every 1hPer 8 hours +0.0100%Open interest $3.5BWho pays Longs pay shortsExchange contract page ↗

OKX BTC funding rate

+7.3%

OKX’s current Bitcoin perpetual funding rate, annualized. It pays every 8 hours.

Current rate +0.0067% per 8h = +0.0067% per 8h = +7.3% a year.

Rate type: Current funding rate, annualized. Cited as: “OKX’s Bitcoin funding rate is +7.3% 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)

OKX In the weighted average+7.3% a year

BTC-USDT-SWAPAs quoted +0.0067% every 8hPer 8 hours +0.0067%Open interest $2.5BWho pays Longs pay shortsExchange contract page ↗

Deribit BTC funding rate

+2.4%

Deribit’s current Bitcoin perpetual funding rate, annualized. It pays every 8 hours.

Current rate +0.0022% per 8h = +0.0022% per 8h = +2.4% a year. Accrues continuously; shown as its 8-hour equivalent.

Rate type: Current funding rate, annualized. Cited as: “Deribit’s Bitcoin 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)

Deribit In the weighted average+2.4% a year

BTC-PERPETUALAs quoted +0.0022% every 8hPer 8 hours +0.0022%Open interest $817.5MWho pays Longs pay shortsExchange contract page ↗

Kraken BTC funding rate

+11.4%

Kraken’s current Bitcoin perpetual funding rate, annualized. It pays every 1 hours.

Current rate +0.0013% per 1h = +0.0104% per 8h = +11.4% a year. Kraken Derivatives; availability depends on your country.

Rate type: Current funding rate, annualized. Cited as: “Kraken’s Bitcoin funding rate is +11.4% 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+11.4% a year

PF_XBTUSDAs quoted +0.0013% every 1hPer 8 hours +0.0104%Open interest $204.1MWho pays Longs pay shortsExchange contract page ↗

Kalshi BTC funding rate

+15.9%

Kalshi’s current Bitcoin perpetual funding rate, annualized. It pays every 8 hours.

Current rate +0.0145% per 8h = +0.0145% per 8h = +15.9% a year. Kalshi's perpetuals (CFTC-regulated, US customers).

Rate type: Current funding rate, annualized. Cited as: “Kalshi’s Bitcoin funding rate is +15.9% 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)

Kalshi In the weighted average+15.9% a year

KXBTCPERPAs quoted +0.0145% every 8hPer 8 hours +0.0145%Open interest $26.2MWho pays Longs pay shortsExchange contract page ↗

dYdX BTC funding rate

+21.5%

dYdX’s current Bitcoin perpetual funding rate, annualized. It pays every 1 hours.

Current rate +0.0025% per 1h = +0.0196% per 8h = +21.5% a year.

Rate type: Current funding rate, annualized. Cited as: “dYdX’s Bitcoin funding rate is +21.5% 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)

dYdX In the weighted average+21.5% a year

BTC-USDAs quoted +0.0025% every 1hPer 8 hours +0.0196%Open interest $17.0MWho pays Longs pay shortsExchange contract page ↗

Polymarket BTC funding rate

+11.0%

Polymarket’s current Bitcoin perpetual funding rate, annualized. It pays every 1 hours.

Current rate +0.0013% per 1h = +0.0100% per 8h = +11.0% a year. Polymarket's perpetuals; no funding history published yet.

Rate type: Current funding rate, annualized. Cited as: “Polymarket’s Bitcoin 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)

Polymarket In the weighted average+11.0% a year

BTC-USDAs quoted +0.0013% every 1hPer 8 hours +0.0100%Open interest $12.2MWho pays Longs pay shortsExchange contract page ↗

Gate BTC funding rate

+7.9%

Gate’s current Bitcoin perpetual funding rate, annualized. It pays every 8 hours.

Current rate +0.0072% per 8h = +0.0072% per 8h = +7.9% a year.

Rate type: Current funding rate, annualized. Cited as: “Gate’s Bitcoin funding rate is +7.9% 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+7.9% a year

BTC_USDTAs quoted +0.0072% every 8hPer 8 hours +0.0072%Who pays Longs pay shortsExchange contract page ↗

HTX BTC funding rate

+11.0%

HTX’s current Bitcoin perpetual funding rate, annualized. It pays every 8 hours.

Current rate +0.0100% per 8h = +0.0100% per 8h = +11.0% a year.

Rate type: Current funding rate, annualized. Cited as: “HTX’s Bitcoin 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)

HTX Not weighted: no open interest reported+11.0% a year

BTC-USDTAs quoted +0.0100% every 8hPer 8 hours +0.0100%Who pays Longs pay shortsExchange contract page ↗

Coinbase Intl. BTC funding rate

-NaN%

Coinbase Intl.’s current Bitcoin perpetual funding rate, annualized. It pays every 1 hours.

Current rate -NaN% per 1h = -NaN% per 8h = -NaN% 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 -NaN% 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−NaN% a year

BTC-PERPAs quoted −NaN% every 1hPer 8 hours −NaN%Who pays Neither sideExchange contract page ↗