Ethereum funding ratesWhere every number comes from

The data, rate or quote types and calculation behind each figure on the Ethereum 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)Ethereum perpetual funding by exchange
Every figure and contract

Figures13 records below, each with its own link (#id)

Ethereum perpetual funding, open-interest weighted

+6.2%

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 7 exchanges that report open interest are in the weighted average; all 11 are shown. Simple average of all 11: -NaN%.

Rate type: Current funding rate, annualized. Cited as: “Ethereum perpetual funding is about +6.2% a year, weighted by open interest across the 7 of 11 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 · 11 tracked. Simple average of all 11: -NaN%.

Not includedTrading fees, spreads and liquidation risk.

Exchanges (11)

Hyperliquid In the weighted average+6.6% a year

ETHAs quoted +0.0008% every 1hPer 8 hours +0.0061%Open interest $2.6BWho pays Longs pay shortsExchange contract page ↗

OKX In the weighted average+6.2% a year

ETH-USDT-SWAPAs quoted +0.0057% every 8hPer 8 hours +0.0057%Open interest $1.4BWho pays Longs pay shortsExchange contract page ↗

Deribit In the weighted average+1.1% a year

ETH-PERPETUALAs quoted +0.0010% every 8hPer 8 hours +0.0010%Open interest $243.6MWho pays Longs pay shortsExchange contract page ↗

Kraken In the weighted average+13.6% a year

PF_ETHUSDAs quoted +0.0016% every 1hPer 8 hours +0.0124%Open interest $67.2MWho pays Longs pay shortsExchange contract page ↗

dYdX In the weighted average−6.6% a year

ETH-USDAs quoted −0.0008% every 1hPer 8 hours −0.0060%Open interest $20.9MWho pays Shorts pay longsExchange contract page ↗

Polymarket In the weighted average+11.0% a year

ETH-USDAs quoted +0.0013% every 1hPer 8 hours +0.0100%Open interest $11.2MWho pays Longs pay shortsExchange contract page ↗

Kalshi In the weighted average+0.0% a year

KXETHPERPAs quoted +0.0000% every 8hPer 8 hours +0.0000%Open interest $10.8MWho pays Neither sideExchange contract page ↗

Gate Not weighted: no open interest reported+7.8% a year

ETH_USDTAs quoted +0.0071% every 8hPer 8 hours +0.0071%Who pays Longs pay shortsExchange contract page ↗

MEXC Not weighted: no open interest reported+5.3% a year

ETH_USDTAs quoted +0.0048% every 8hPer 8 hours +0.0048%Who pays Longs pay shortsExchange contract page ↗

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

ETH-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

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

Ethereum funding, 30-day average

+4.4%

The average annualized funding rate over the last 30 days: a simple average across the 9 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 +4.4% a year over 30 days (simple average of 9 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 9 exchanges with 30 days of history. Today’s simple average for comparison: -NaN%.

Exchanges (11)

Hyperliquid In the weighted average+6.6% a year

ETHAs quoted +0.0008% every 1hPer 8 hours +0.0061%Open interest $2.6BWho pays Longs pay shortsExchange contract page ↗

OKX In the weighted average+6.2% a year

ETH-USDT-SWAPAs quoted +0.0057% every 8hPer 8 hours +0.0057%Open interest $1.4BWho pays Longs pay shortsExchange contract page ↗

Deribit In the weighted average+1.1% a year

ETH-PERPETUALAs quoted +0.0010% every 8hPer 8 hours +0.0010%Open interest $243.6MWho pays Longs pay shortsExchange contract page ↗

Kraken In the weighted average+13.6% a year

PF_ETHUSDAs quoted +0.0016% every 1hPer 8 hours +0.0124%Open interest $67.2MWho pays Longs pay shortsExchange contract page ↗

dYdX In the weighted average−6.6% a year

ETH-USDAs quoted −0.0008% every 1hPer 8 hours −0.0060%Open interest $20.9MWho pays Shorts pay longsExchange contract page ↗

Polymarket In the weighted average+11.0% a year

ETH-USDAs quoted +0.0013% every 1hPer 8 hours +0.0100%Open interest $11.2MWho pays Longs pay shortsExchange contract page ↗

Kalshi In the weighted average+0.0% a year

KXETHPERPAs quoted +0.0000% every 8hPer 8 hours +0.0000%Open interest $10.8MWho pays Neither sideExchange contract page ↗

Gate Not weighted: no open interest reported+7.8% a year

ETH_USDTAs quoted +0.0071% every 8hPer 8 hours +0.0071%Who pays Longs pay shortsExchange contract page ↗

MEXC Not weighted: no open interest reported+5.3% a year

ETH_USDTAs quoted +0.0048% every 8hPer 8 hours +0.0048%Who pays Longs pay shortsExchange contract page ↗

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

ETH-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

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

Hyperliquid ETH funding rate

+6.6%

Hyperliquid’s current Ethereum perpetual funding rate, annualized. It pays every 1 hours.

Current rate +0.0008% per 1h = +0.0061% per 8h = +6.6% a year.

Rate type: Current funding rate, annualized. Cited as: “Hyperliquid’s Ethereum funding rate is +6.6% 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+6.6% a year

ETHAs quoted +0.0008% every 1hPer 8 hours +0.0061%Open interest $2.6BWho pays Longs pay shortsExchange contract page ↗

OKX ETH funding rate

+6.2%

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

Current rate +0.0057% per 8h = +0.0057% per 8h = +6.2% a year.

Rate type: Current funding rate, annualized. Cited as: “OKX’s Ethereum funding rate is +6.2% 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)

OKX In the weighted average+6.2% a year

ETH-USDT-SWAPAs quoted +0.0057% every 8hPer 8 hours +0.0057%Open interest $1.4BWho pays Longs pay shortsExchange contract page ↗

Deribit ETH funding rate

+1.1%

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

Current rate +0.0010% per 8h = +0.0010% per 8h = +1.1% a year. Accrues continuously; shown as its 8-hour equivalent.

Rate type: Current funding rate, annualized. Cited as: “Deribit’s Ethereum funding rate is +1.1% 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+1.1% a year

ETH-PERPETUALAs quoted +0.0010% every 8hPer 8 hours +0.0010%Open interest $243.6MWho pays Longs pay shortsExchange contract page ↗

Kraken ETH funding rate

+13.6%

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

Current rate +0.0016% per 1h = +0.0124% per 8h = +13.6% a year. Kraken Derivatives; availability depends on your country.

Rate type: Current funding rate, annualized. Cited as: “Kraken’s Ethereum funding rate is +13.6% 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+13.6% a year

PF_ETHUSDAs quoted +0.0016% every 1hPer 8 hours +0.0124%Open interest $67.2MWho pays Longs pay shortsExchange contract page ↗

dYdX ETH funding rate

-6.6%

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

Current rate -0.0008% per 1h = -0.0060% per 8h = -6.6% a year.

Rate type: Current funding rate, annualized. Cited as: “dYdX’s Ethereum funding rate is -6.6% 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−6.6% a year

ETH-USDAs quoted −0.0008% every 1hPer 8 hours −0.0060%Open interest $20.9MWho pays Shorts pay longsExchange contract page ↗

Polymarket ETH funding rate

+11.0%

Polymarket’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. Polymarket's perpetuals; no funding history published yet.

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

Polymarket In the weighted average+11.0% a year

ETH-USDAs quoted +0.0013% every 1hPer 8 hours +0.0100%Open interest $11.2MWho pays Longs pay shortsExchange contract page ↗

Kalshi ETH funding rate

+0.0%

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

Current rate +0.0000% per 8h = +0.0000% per 8h = +0.0% a year. Kalshi's perpetuals (CFTC-regulated, US customers).

Rate type: Current funding rate, annualized. Cited as: “Kalshi’s Ethereum 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)

Kalshi In the weighted average+0.0% a year

KXETHPERPAs quoted +0.0000% every 8hPer 8 hours +0.0000%Open interest $10.8MWho pays Neither sideExchange contract page ↗

Gate ETH funding rate

+7.8%

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

Current rate +0.0071% per 8h = +0.0071% per 8h = +7.8% a year.

Rate type: Current funding rate, annualized. Cited as: “Gate’s Ethereum funding rate is +7.8% 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)

Gate Not weighted: no open interest reported+7.8% a year

ETH_USDTAs quoted +0.0071% every 8hPer 8 hours +0.0071%Who pays Longs pay shortsExchange contract page ↗

MEXC ETH funding rate

+5.3%

MEXC’s current Ethereum perpetual funding rate, annualized. It pays every 8 hours.

Current rate +0.0048% per 8h = +0.0048% per 8h = +5.3% a year.

Rate type: Current funding rate, annualized. Cited as: “MEXC’s Ethereum 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)

MEXC Not weighted: no open interest reported+5.3% a year

ETH_USDTAs quoted +0.0048% every 8hPer 8 hours +0.0048%Who pays Longs pay shortsExchange contract page ↗

HTX ETH funding rate

+11.0%

HTX’s current Ethereum 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 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)

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

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

Coinbase Intl. ETH funding rate

-NaN%

Coinbase Intl.’s current Ethereum 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 Ethereum 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

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