Funding rates

Annualised funding per venue. Positive: longs pay shorts. Spread = highest minus lowest venue.

Funding by venue

OI-weighted, top 50 coins: +13.5% APRupdated 14s ago (2026-11-05 10:06 UTC) · source: Blockmetric Research · Binance · Bybit
Annualised funding per venue, sorted by open interest
CoinHyperliquidLighterBinanceBybitSpread · venues with data
BTC+11.0% ▲+10.5% ▼+11.0% ▲+11.0% ▲+0.4%+10.9%$16.4B
ETH+11.0% ▲+10.5% ▼+11.0% ▲+11.0% ▲+0.4%+10.9%$10.2B
HYPE+11.0% ▲+10.5% ▼+11.0% ▲+10.7%+0.4%+10.9%$2.5B
SOL+11.0% ▲+10.5% ▼+11.0% ▲+11.0% ▲+0.4%+10.9%$2.1B
ZEC+27.1% ▲+13.1%+7.9% ▼+11.0%+19.2%+17.4%$1.5B
XRP+11.0% ▲+10.5% ▼+11.0% ▲+11.0% ▲+0.4%+10.9%$997M
XAU-+3.5% ▲0.0% ▼0.0% ▼+3.5%+0.1%$664M (Lighter + Binance + Bybit)
SPCX · CEX-+14.9%+40.8% ▲+9.3% ▼+31.6%+38.3%$578M (Lighter + Binance + Bybit)
BNB+11.0%+10.5% ▼+14.4% ▲+11.0%+3.9%+13.4%$551M
NEAR+11.0% ▲+10.5% ▼+11.0% ▲+11.0% ▲+0.4%+10.9%$497M
SOXL · CEX-+35.9% ▼+151.6% ▲+97.8%+115.7%+140.6%$476M (Lighter + Binance + Bybit)
SKHYNIX--0.0% ▼+228.7% ▲+228.7%+17.4%$405M (Binance + Bybit)
SP500+1.6%----+1.6%$401M (Hyperliquid)
SNDK · CEX-+19.3% ▼+92.0% ▲+63.6%+72.7%+88.7%$390M (Lighter + Binance + Bybit)
DOGE+11.0% ▲+10.5% ▼+11.0% ▲+11.0% ▲+0.4%+10.9%$384M
BRENTOIL · xyz−24.1%----−24.1%$339M (Hyperliquid)
XAG-+3.5% ▲0.0% ▼+1.6%+3.5%+0.3%$335M (Lighter + Binance + Bybit)
SKHX+117.7%----+117.7%$328M (Hyperliquid)
GOLD+3.7%----+3.7%$319M (Hyperliquid)
UNI+11.0% ▲+10.5%+11.0% ▲+7.7% ▼+3.3%+10.3%$314M
LIT+11.0% ▲+10.5%+11.0% ▲−50.2% ▼+61.1%−4.1%$294M
GOOGL · CEX-+14.9%+37.9% ▲+8.2% ▼+29.7%+33.3%$286M (Lighter + Binance + Bybit)
XMR+56.9% ▲+23.7%+15.2% ▼+29.1%+41.7%+41.5%$263M
XYZ100+5.5%----+5.5%$261M (Hyperliquid)
ENA+11.0% ▲+10.5%+11.0% ▲+2.1% ▼+8.8%+8.5%$245M
CL · CEX--−5.1% ▼0.0% ▲+5.1%−4.1%$235M (Binance + Bybit)
SILVER+5.5%----+5.5%$231M (Hyperliquid)
kPEPE+11.0% ▲+10.5%+11.0% ▲−0.6% ▼+11.6%+7.7%$230M
LINK+19.9% ▲+10.5% ▼+11.0%+11.0%+9.4%+13.7%$229M
MU · CEX-+11.4% ▼+55.1% ▲+25.7%+43.7%+51.1%$223M (Lighter + Binance + Bybit)

▲ / ▼ = highest / lowest venue. A spread is a difference between published rates, not an executable return. Click a coin for its open interest history. Not investment advice.

Questions and answers

What does positive funding mean?

Longs pay shorts. Negative funding means shorts pay longs.

What is predicted funding?

The funding rate the venue currently projects for its next settlement, before it is paid.

What does the Arbitrage tab show?

Pairs of venues that list the same coin with real open interest on both, widest funding gap first. Hourly and 8-hourly venues compared per hour, with the next settlement times. A gap between published rates is not a return you can lock in: fees, price moves between the legs and rate changes reduce it.

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