A funding rate today: 2 exchanges
The A funding rate on USDT-margined perpetuals at Binance, BingX: per funding interval, normalized to 8 hours and annualized, plus how much was paid over the past 7 and 30 days. Snapshot -, refreshed every minute.
Right now: the highest A rate is on BingX (-0.0158% per 8h), the lowest on Binance (-0.0162%). Shorts pay. Combined 24h turnover across exchanges: $14.2M.
What the numbers say
- The rate is negative on all 2 exchanges: shorts pay longs, positioning leans short.
- Rates are within normal range: about 0.01% per 8 hours or less, no positioning imbalance.
- Widest spread: short on BingX, long on Binance - 0.0004% per 8 hours. It would cover the fees for opening and closing both legs in 169.2 days if rates stay the same.
- On Binance the current rate looks like a spike: -0.03% was paid over the past 7 days, versus -0.34% at today's rate.
Rates by exchange
| Exchange | Rate per interval | Cap | Per 8h | Annualized | Next payment | Paid 7d | Paid 30d | 24h turnover |
|---|---|---|---|---|---|---|---|---|
| Binance | -0.0081% / 4h | ±2% | -0.0162% | -17.7% | - | -0.03% | +0.59% | $8M |
| BingX | -0.0079% / 4h | ±2% | -0.0158% | -17.3% | - | +0.17% | +0.86% | $7M |
Positive: longs pay shorts. Negative: shorts pay longs. The cap is the maximum rate per interval on that exchange (intervals and caps by exchange). "-" in the paid columns means the coin has been listed for less than the period or its history is still being collected.
Who pays whom
Cost of holding a position
| Exchange | $1,000 long, 1 day | $1,000 short, 1 day | $10,000 long, 1 week (current rate) | $10,000 long, last week (actual) |
|---|---|---|---|---|
| Binance | +0.49 $ | -0.49 $ | +34.01 $ | +2.81 $ |
| BingX | +0.47 $ | -0.47 $ | +33.18 $ | -17.46 $ |
Positive means you receive, negative means you pay. "Current rate" assumes the rate does not change; in practice it is recalculated every interval. "Actual" uses the real payments of the past 7 days. Trading fees are not included.
A arbitrage pair
- Short on BingX, long on Binance: a spread of 0.0004% per 8 hours, 0.4% annualized.
- Covers the fees for opening and closing both legs in 169.2 days if rates stay the same.
- Over the past 7 days this pair would have earned +0.20% of notional before fees, over 30 days +0.27%.
- All pairs and how to read them are in the funding arbitrage table, risks included.
More on A
- Funding rate heatmap - A next to other coins.
- Open interest screener - whether positions in A are growing or shrinking.
- Liquidations - forced closes over the last 24 hours.
FAQ
What is the A funding rate now?
Binance: -0.0081% per 4h; BingX: -0.0079% per 4h. The table above refreshes every minute.
Who pays A funding?
With a positive rate longs pay shorts; with a negative rate shorts pay longs. The money goes from one side of traders to the other, not to the exchange. The rate is negative on all 2 exchanges: shorts pay longs, positioning leans short.
Why are A funding rates different on each exchange?
Each exchange computes the rate with its own formula and charges it on its own schedule (every 1, 2, 4 or 8 hours). Only values normalized to the same period can be compared - the "per 8h" column.
The page shows exchange data and arithmetic on it. It is not a trading signal or investment advice.