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Highest Crypto Funding Rates Right Now

The liquid perpetual futures paying the most positive funding right now on Binance, Bybit and Hyperliquid, ranked market by market. Positive funding means longs pay shorts; every rate is converted to an 8-hour equivalent and annualised (APR = 8h rate × 3 × 365).

17 liquid perps are paying extreme positive funding (0.1% per 8h or more) right now; the highest is TREAD (Hyperliquid para:TREAD) at 1.6020% per 8h (about 1754.2% APR). The median across 1473 liquid perps is 0.0100% per 8h, exactly at the usual 0.0100% baseline, and 89% of them have positive funding (longs pay shorts). The widest gap between exchanges on this list is STONK: 0.3080% on Bitget vs 0.0261% on Bybit, a 0.2819% per 8h difference.

1473 liquid perpsFunding normalised to 8hLiquid: ≥ $1M 24h volume and ≥ $500K OIAs of 03:48 UTC

Extreme funding ≥ 0.1% / 8h
▲ 17 ▼ 21
liquid perps paying longs ▲ / shorts ▼
Median funding 8h
0.0100%
≈ 11.0% APRbaseline 0.0100%
Positive funding
89%
1308 ▲ · 144 ▼ of 1473liquid perps
Highest right now
1.6020% TREAD
≈ 1754.2% APRHyperliquid para:TREAD

Highest funding rates right now

50 markets · ≥ $1M 24h volume · ≥ $500K OI
Coin Market Funding / 8h APR Other exchanges Gap Open interest Vol 24h Trade
1TREAD HIP-3 Hyperliquid para:TREAD 1.6020% 1754.2% MEXC 1.6032% — $934K $3.59M Trade ↗
2UNITREE Bybit UNITREEUSDT 0.3656% 400.4% HTX 0.1687%HL 0.1667% 0.2805% $652K $1.40M Trade ↗
3STONK Bitget STONKUSDT 0.3080% 337.3% Bybit 0.0261%Gate 0.0942%MEXC 0.3080% 0.2819% $1.00M $2.32M Trade ↗
4CXMT HIP-3 Hyperliquid xyz:CXMT 0.2260% 247.5% Bybit 0.3019%HTX 0.2729% -0.0758% $38.84M $23.95M Trade ↗
5LYN Binance LYNUSDT 0.2025% 221.8% Bitget 0.0100%Bybit 0.1642%Gate 0.1542%KuCoin 0.2030%MEXC 0.2014% 0.1925% $7.40M $9.48M Trade ↗
6ARX Gate ARX_USDT 0.1714% 187.7% Binance 0.0100%Bitget 0.0100%Bybit 0.0100%KuCoin 0.0100%MEXC 0.0100% 0.1614% $597K $1.25M Trade ↗
7KIOXIA HIP-3 Hyperliquid xyz:KIOXIA 0.1676% 183.6% HTX 0.0100% — $9.10M $5.93M Trade ↗
8UNITREE HIP-3 Hyperliquid xyz:UNITREE 0.1667% 182.5% Bybit 0.3656%HTX 0.1687% 0.0815% $20.84M $6.75M Trade ↗
9LYN Bybit LYNUSDT 0.1642% 179.7% Binance 0.2025%Bitget 0.0100%Gate 0.1542%KuCoin 0.2030%MEXC 0.2014% 0.1542% $1.01M $2.00M Trade ↗
10ZHIPU Bybit ZHIPUUSDT 0.1547% 169.4% HTX 0.0488%HL 0.1090% 0.0457% $1.37M $1.26M Trade ↗
11SKY Hyperliquid SKY 0.1398% 153.1% Binance 0.0100%Bitget 0.0100%Bybit 0.0100%Gate 0.0008%KuCoin 0.0100%MEXC 0.0100% 0.1298% $9.15M $7.68M Trade ↗
12AIN Binance AINUSDT 0.1362% 149.2% Gate 0.1066%KuCoin 0.0648%MEXC 0.1362% 0.0714% $6.14M $3.20M Trade ↗
13INX Gate INX_USDT 0.1106% 121.1% Binance 0.0100%Bitget 0.0100%Bybit 0.0976%KuCoin 0.0100%MEXC 0.0100% 0.1006% $833K $1.37M Trade ↗
14FIGHT Binance FIGHTUSDT 0.1097% 120.1% Bitget 0.1048%Bybit 0.0102%Gate 0.1176%KuCoin 0.1838%MEXC 0.1102% 0.0995% $4.05M $1.48M Trade ↗
15ZHIPU HIP-3 Hyperliquid xyz:ZHIPU 0.1090% 119.4% Bybit 0.1547%HTX 0.0488% -0.0457% $22.43M $2.14M Trade ↗
16SOON Bitget SOONUSDT 0.1064% 116.5% Binance 0.0233%Bybit 0.0100%Gate 0.0100%KuCoin 0.0462% 0.0964% $14.60M $41.14M Trade ↗
17FF Gate FF_USDT 0.1008% 110.4% Binance 0.0100%Bitget 0.0100%Bybit 0.0053%KuCoin 0.0280%MEXC 0.0100% 0.0955% $13.35M $1.09M Trade ↗
18INX Bybit INXUSDT 0.0976% 106.9% Binance 0.0100%Bitget 0.0100%Gate 0.1106%KuCoin 0.0100%MEXC 0.0100% 0.0876% $567K $4.22M Trade ↗
19STONK Gate STONK_USDT 0.0942% 103.1% Bitget 0.3080%Bybit 0.0261%MEXC 0.3080% 0.0681% $523K $1.32M Trade ↗
20ARK Bybit ARKUSDT 0.0933% 102.2% Binance 0.0100%Bitget 0.0100%Gate 0.0100%KuCoin 0.0100%MEXC 0.0100% 0.0833% $1.38M $8.04M Trade ↗
21龙虾 Bitget 龙虾USDT 0.0930% 101.8% Binance 0.0162%Gate 0.0100%HTX 0.1785% 0.0830% $21.35M $4.99M Trade ↗
22TAC Binance TACUSDT 0.0899% 98.4% Bybit 0.0833%Gate 0.2262%KuCoin 0.1154%MEXC 0.0878% -0.0255% $2.70M $2.09M Trade ↗
234STOCK Bybit 4STOCKUSDT 0.0893% 97.7% Gate 0.0544%MEXC 0.0898% — $1.16M $4.26M Trade ↗
244 KuCoin 4USDTM 0.0892% 97.7% Binance 0.0301%Bybit 0.0554%Gate 0.0542%MEXC 0.0280% 0.0612% $680K $14.76M Trade ↗
25XVG Bitget XVGUSDT 0.0859% 94.1% Binance 0.0100%Bybit 0.0289%KuCoin 0.0100%MEXC 0.0100% 0.0759% $821K $2.61M Trade ↗
26NAORIS Binance NAORISUSDT 0.0828% 90.6% Bitget 0.0100%Bybit 0.0100%Gate 0.0272%KuCoin 0.0960%MEXC 0.0820% 0.0728% $4.66M $1.18M Trade ↗
27LIGHT Binance LIGHTUSDT 0.0783% 85.7% Bybit 0.0923%Gate 0.0581%KuCoin 0.0296%MEXC 0.0778% 0.0487% $4.03M $1.83M Trade ↗
28CAP Binance CAPUSDT 0.0752% 82.3% Bitget 0.0988%Bybit 0.0401%Gate 0.0834%KuCoin 0.0132%MEXC 0.0752% 0.0620% $10.10M $5.73M Trade ↗
29XAU HTX XAU-USDT 0.0742% 81.2% Bybit 0.0409%MEXC 0.0326% 0.0416% $3.24M $1.59M Trade ↗
30LUNC MEXC LUNC_USDT 0.0731% 80.0% Binance 0.0100%Bitget 0.0100%Bybit 0.0182%Gate 0.0100%HL 0.0100%KuCoin 0.0432% 0.0631% $16.49M $1.44M Trade ↗
31VELODROME Bybit VELODROMEUSDT 0.0727% 79.6% Binance 0.0100%Bitget 0.1002%Gate 0.0150%MEXC 0.0100% 0.0627% $738K $1.46M Trade ↗
32CVX KuCoin CVXUSDTM 0.0716% 78.4% Binance 0.0100%Bitget 0.0100%Bybit 0.0100%Gate 0.0100%MEXC 0.0100% 0.0616% $3.65M $1.15M Trade ↗
33STG Bybit STGUSDT 0.0711% 77.9% Bitget 0.0100%KuCoin 0.0956% -0.0245% $633K $1.47M Trade ↗
34MUBARAK Gate MUBARAK_USDT 0.0704% 77.1% Binance 0.0100%Bitget 0.0100%Bybit 0.0100%HTX 0.0100%KuCoin 0.0220%MEXC 0.0100% 0.0604% $4.54M $2.42M Trade ↗
35STAR Binance STARUSDT 0.0702% 76.9% Gate 0.0100%KuCoin 0.0044%MEXC 0.0698% — $4.76M $4.21M Trade ↗
36TAKE Binance TAKEUSDT 0.0702% 76.9% Gate 0.0100%KuCoin 0.0660%MEXC 0.0698% 0.0004% $6.13M $6.47M Trade ↗
37SKHYNIX Bybit SKHYNIXUSDT 0.0686% 75.1% HTX 0.0292% 0.0394% $8.12M $9.50M Trade ↗
38RIVER KuCoin RIVERUSDTM 0.0684% 74.9% Binance 0.0554%Bitget 0.0100%Bybit 0.0100%Gate 0.0160%HTX 0.0100%MEXC 0.0556% 0.0584% $2.51M $2.58M Trade ↗
39GRIFFAIN Binance GRIFFAINUSDT 0.0683% 74.8% Bitget 0.0100%Bybit 0.0100%Gate 0.0100%HL 0.0100%KuCoin 0.0100%MEXC 0.0692% 0.0583% $4.60M $1.64M Trade ↗
40RATS Binance 1000RATSUSDT 0.0679% 74.4% Bitget 0.0100%Bybit 0.0102%Gate 0.0100%KuCoin 0.0100%MEXC 0.0690% 0.0579% $10.60M $2.72M Trade ↗
41BTW MEXC BTW_USDT 0.0640% 70.1% Binance 0.0636%Bitget 0.0298%Bybit 0.0460%Gate 0.0100%HTX 0.0100%KuCoin 0.0100% 0.0540% $13.82M $6.15M Trade ↗
42BTW Binance BTWUSDT 0.0636% 69.7% Bitget 0.0298%Bybit 0.0460%Gate 0.0100%HTX 0.0100%KuCoin 0.0100%MEXC 0.0640% 0.0536% $154.69M $95.24M Trade ↗
43US KuCoin USUSDTM 0.0594% 65.0% Binance 0.0100%Bitget 0.0110%Bybit 0.0100%Gate 0.0100%MEXC 0.0100% 0.0494% $4.00M $3.45M Trade ↗
44MSTR Bybit MSTRUSDT 0.0584% 63.9% HL 0.0190% 0.0394% $7.59M $9.42M Trade ↗
45FHE Binance FHEUSDT 0.0583% 63.8% Bybit 0.0100%Gate 0.0451%KuCoin 0.0100%MEXC 0.0580% 0.0483% $3.18M $1.36M Trade ↗
46PLAY Binance PLAYUSDT 0.0574% 62.8% Gate 0.0802%MEXC 0.0578% -0.0004% $5.45M $1.59M Trade ↗
47RIVER MEXC RIVER_USDT 0.0556% 60.9% Binance 0.0554%Bitget 0.0100%Bybit 0.0100%Gate 0.0160%HTX 0.0100%KuCoin 0.0684% 0.0456% $3.70M $1.06M Trade ↗
48HANA Binance HANAUSDT 0.0554% 60.6% Bybit 0.0242%Gate 0.0100%KuCoin 0.0100%MEXC 0.0560% 0.0454% $5.01M $1.13M Trade ↗
49RIVER Binance RIVERUSDT 0.0554% 60.6% Bitget 0.0100%Bybit 0.0100%Gate 0.0160%HTX 0.0100%KuCoin 0.0684%MEXC 0.0556% 0.0454% $6.07M $8.35M Trade ↗
50PRL Binance PRLUSDT 0.0551% 60.4% Bitget 0.0100%Bybit 0.1401%Gate 0.0186%KuCoin 0.0306%MEXC 0.0562% 0.0451% $2.16M $2.34M Trade ↗

Where exchanges disagree

Full funding arbitrage scanner →

Coins from the list above whose hottest market pays much more than the same coin elsewhere: longs are crowded on one exchange, not everywhere. Both legs, fees and liquidity are on the funding arbitrage page.

Coin Highest market Lowest other Gap / 8h Gap APR
STONK Bitget 0.3080% Bybit 0.0261% 0.2819% 308.7%
UNITREE Bybit 0.3656% HL 0.0851% 0.2805% 307.1%
LYN Binance 0.2025% Bitget 0.0100% 0.1925% 210.8%
ARX Gate 0.1714% Binance 0.0100% 0.1614% 176.7%
SKY HL 0.1398% Binance 0.0100% 0.1298% 142.1%
INX Gate 0.1106% Binance 0.0100% 0.1006% 110.2%
FIGHT Binance 0.1097% Bybit 0.0102% 0.0995% 109.0%
SOON Bitget 0.1064% Gate 0.0100% 0.0964% 105.6%
FF Gate 0.1008% Bybit 0.0053% 0.0955% 104.6%
ARK Bybit 0.0933% Binance 0.0100% 0.0833% 91.3%

How to read it. Each row is one perpetual market; the same coin can appear once per exchange. Funding is shown per 8 hours for every exchange (Hyperliquid's hourly rate × 8, 4-hourly rates × 2). Positive = longs pay shorts, negative = shorts pay longs. Green is above the usual 0.01% / 8h baseline, red is negative, bold is extreme (≥ 0.1% / 8h). Gap compares the market with the lowest other market of the same coin that has at least $500K open interest. See also negative funding rates.

Highest funding FAQ

What does a high funding rate mean?

Positive funding means traders who are long pay those who are short, every funding interval, as a percentage of position size. A high rate says longs are crowded and paying up to stay in the trade. Funding at 0.1% per 8 hours costs a long about 110% a year if it stayed there. It rarely does: extreme funding tends to fade, sometimes through a sharp drop that liquidates late longs.

Which coin has the highest funding rate right now?

Among perps with at least $1M 24h volume and $500K open interest, TREAD on Hyperliquid (para:TREAD) has the highest rate: 1.6020% per 8 hours, about 1754.2% a year if it held. See the TREAD funding rate page for every exchange side by side.

How do I compare hourly and 8-hour funding?

Hyperliquid pays funding every hour; Binance and Bybit pay every 8 hours on most perps and every 4 or 1 hours on some. Every rate on this page is converted to its 8-hour equivalent (hourly × 8, 4-hourly × 2) so they compare directly. APR is the 8-hour rate × 3 × 365, without compounding. For Hyperliquid's native hourly numbers see Hyperliquid funding rates.

Is funding rate arbitrage risk-free?

No. Going long where funding is lower and short where it is higher collects the difference only while the rates stay apart. Funding changes every interval and can flip, fees and slippage come off the edge, the two prices can drift, each leg can be liquidated on its own and you carry risk on both exchanges. The funding arbitrage scanner lists both legs with their liquidity.

Which markets are included?

Every perpetual on Binance, Bybit and Hyperliquid (including HIP-3 stock and commodity perps) with at least $1M of 24h volume and $500K of open interest. Each market is listed on its own, so the same coin can appear once per exchange. Nothing here is financial advice.