Meme Coin Funding Rates Live: PUMP, TRUMP, PENGU & FARTCOIN Ranked

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Written by Eugen Voyager · Updated 26 July 2026

Meme coin funding rates move faster and swing wider than almost anything else on a perpetual futures order book — and until now, nobody has put PUMP, TRUMP, PENGU, FARTCOIN and their peers side by side in one ranked, cross-exchange table. Yieldo tracks funding on 11 meme tickers across up to 9 exchanges, normalized to a common daily rate so a 1-hour Hyperliquid print and an 8-hour Binance print can actually be compared. Below is where longs are paying shorts, where shorts are paying longs, and why the "highest funding rate" meme coin changes depending on which exchange you're looking at.

One thing up front: this is a live snapshot, not a settled historical pattern. We say exactly how fresh the data is in the Observation Window section below, because for four of these tickers, "live" currently means a few hours, not weeks.

TL;DR — Meme Coin Funding Rates Right Now

Here is the full ranked table, sorted by cross-exchange daily spread (the gap between the exchange paying the most to one side and the exchange paying the most to the other) as of 26 July 2026. Every rate below is normalized to a 24-hour basis using the formula in the Methodology section further down — raw per-settlement percentages are not comparable across exchanges with different funding intervals.

Rank	Coin	Exchanges Tracked	Daily Range (Low → High)	Daily Spread (pts)	Hypothetical Annualized Spread*
1	PUMP	7	−0.1056% → +0.0300%	0.1356	~49.5%
2	TRUMP	7	−0.1027% → +0.0300%	0.1327	~48.4%
3	PENGU	9	−0.0704% → +0.0300%	0.1004	~36.6%
4	BONK	3	−0.0570% → +0.0300%	0.0870	~31.8%
5	FARTCOIN	9	−0.0582% → +0.0150%	0.0732	~26.7%
6	DOGE	9	−0.0264% → +0.0300%	0.0564	~20.6%
7	WIF	9	−0.0012% → +0.0300%	0.0312	~11.4%
8	PEPE	6	+0.0132% → +0.0300%	0.0168	~6.1%
9	NOT	9	+0.0150% → +0.0300%	0.0150	~5.5%
10	DOGS	6	+0.0150% → +0.0246%	0.0096	~3.5%
11	SHIB	6	+0.0300% → +0.0300%	0.0000	0.0%

*The annualized column is a hypothetical ceiling — today's spread compounded over 365 days, assuming (unrealistically) that it never moves. It is not a forecast; funding resets every 1 to 8 hours and can flip sign in the next interval. See the caveats below the table.

Read it this way: PUMP tops the ranking with the widest gap between the exchange most favorable to longs and the exchange most favorable to shorts, at roughly 0.14 percentage points per day, with TRUMP close behind at 0.13. SHIB sits at the flat opposite end, printing the same rate on every exchange we track right now. FARTCOIN is worth a second look: earlier in the same data-collection window used for this article, its spread was near-SHIB flat; by this snapshot it had climbed into fifth place, ahead of DOGE, WIF, PEPE, NOT and DOGS. That swing is not a typo, and we did not cherry-pick it — it is exactly the kind of hour-to-hour reshuffle this article exists to explain, and we unpack why in the next section.

This is a live ranking, not a permanent one. "Ranked" here means ranked by our data as of 26 July 2026 — funding rates update multiple times a day, and the order above can and will reshuffle. For the current PUMP breakdown by exchange, see the live PUMP table further down; for TRUMP, PENGU and FARTCOIN specifically, their own live funding pages are linked in that same section — TRUMP, PENGU, FARTCOIN — and the full board sits at Yieldo's funding index.

What Is a Meme Coin Funding Rate (and Why It Swings Harder)

A funding rate is the periodic payment perpetual futures traders make to each other to keep the perpetual contract's price anchored to the underlying spot price. There is no expiry date on a perp, so instead of converging to a spot price at settlement (like a dated future does), the exchange charges a small fee — paid peer to peer, not to the exchange — every time funding settles. A meme coin funding rate is exactly that same mechanism applied to a meme-coin perpetual contract, and the "meme coin" part matters because of how that mechanism behaves under thin order books and lopsided retail demand.

Funding Rate Basics: Longs Pay Shorts, or Shorts Pay Longs

When more traders are leveraged long than short, the perp price tends to trade above spot. A positive funding rate then charges longs and pays it to shorts, which is meant to discourage piling into longs and pull the perp price back toward spot. When shorts dominate, the funding rate flips negative, and shorts pay longs instead. The sign of the rate tells you who is paying whom; the size of the rate tells you how imbalanced the crowd is. Nothing about this mechanism is meme-coin specific — it is the same design used for BTC and ETH perps — but the inputs into it (open interest, order-book depth, how many venues are trading the pair) differ enormously between a blue-chip and a meme token.

Why Thin Liquidity Makes Meme Perp Funding More Volatile

Majors like BTC and ETH usually keep funding in a narrow band, rarely straying more than a handful of basis points per 8-hour settlement outside of extreme events, because deep order books and large, diversified open interest absorb one-sided demand without moving the rate much. Meme perps are the opposite case: thinner books, spikier retail attention, and open interest that can concentrate heavily on one exchange or one side of the trade. A wave of leveraged longs chasing a pump can push funding sharply positive on one venue within hours, while a different exchange with a calmer order book barely moves. That structural gap between "deep, diversified" and "thin, spiky" liquidity is the single biggest reason meme coin funding rates run wider and change faster than majors — and it is also exactly why cross-exchange comparisons matter more here than anywhere else in the derivatives market.

Cross-Exchange Sign Divergence: Same Meme Coin, Opposite Funding

Here is the counter-intuitive part that a single-exchange view can never show you: for seven of the eleven tickers in this ranking, the sign of the funding rate differs by exchange, on the same coin, at the same moment. On one venue, longs are paying shorts. On another venue, for the exact same token, shorts are paying longs. That is not noise — it reflects genuinely different positioning crowds on each exchange, and it is the raw material for cross-venue funding-rate arbitrage (long the market that's paying you, short the one that's charging you, and collect the spread as a market-neutral position — see our full funding rate arbitrage guide and funding rate arbitrage scanner for how traders build that trade in practice). Exactly which seven show the split shifts as positioning changes — more on that in the Observation Window section below.

PUMP: Long-Favoring on One Exchange, Short-Favoring on Another

PUMP is the clearest example in this dataset. Across the 7 exchanges Yieldo tracks for it, the lowest daily rate sits around −0.1056% (shorts get paid, longs pay) while the highest sits around +0.0300% (longs get paid, shorts pay) — the same token, priced opposite ways by different venues' order books, at the same point in time. That 0.1356-percentage-point gap is the widest of any ticker in this ranking, which is why PUMP takes the top spot in the TL;DR table above.

TRUMP and PENGU Show the Same Split

TRUMP and PENGU show the identical pattern one rung down the ranking: TRUMP's daily range runs roughly −0.1027% to +0.0300% (a 0.1327-point spread), and PENGU's runs roughly −0.0704% to +0.0300% (0.1004 points). BONK and FARTCOIN show a smaller but still real version of the same split — BONK's daily range runs roughly −0.0570% to +0.0300% (0.0870 points), and FARTCOIN's roughly −0.0582% to +0.0150% (0.0732 points). In every one of these five cases, no single exchange's funding print tells you the whole story — you need the cross-exchange view to see that the market is quite literally divided on which side should be paying.

This is not something unique to Yieldo's own dataset, either. Third-party market write-ups from earlier in 2025 flagged the same phenomenon on different venue pairs — one widely cited example put TRUMP funding running around +2.4% annualized on one platform against roughly −59% annualized on another at the same time (a third-party observation from outside Yieldo's data, not a claim about current rates). The specific venues and numbers change; the underlying mechanic — thin, fragmented meme-perp liquidity producing opposite-sign funding across exchanges — keeps showing up.

Below is Yieldo's live, market-wide funding arbitrage board. It is not filtered to meme coins only — it ranks the top opportunities across every tracked coin — but meme tickers like PUMP and TRUMP regularly show up in the top 10 alongside ordinary altcoins such as DYM, MANTA, SEI and WLD. That is itself a useful data point: meme perps compete for funding-rate volatility with mainstream alt-coins, they do not form some separate, uniquely extreme category on their own.

Meme Coins Aren't One Basket: Spread Comparison Across 11 Tickers

If there is one habit this data should break, it's treating "meme coin" as a single risk profile. The spread between the widest-swinging and the calmest ticker in our 11-coin set spans more than an order of magnitude — from PUMP's 0.1356-point daily spread down to SHIB's flat 0.0000. Lumping them together as "meme perps = wild funding" is a generalization the data does not support.

SHIB, DOGS and NOT: the Tight-Spread Bottom Three

SHIB is the flattest ticker in the table: every tracked exchange currently prints the same +0.0300% daily rate, for a 0.0000 spread. That is the behavior of a long-established, widely distributed meme token whose open interest is spread evenly enough across venues that no single exchange's order book gets meaningfully out of line with the others. DOGS (0.0096 points) and NOT (0.0150 points) currently sit just above it — both showing only positive rates across every exchange we track them on right now, which is itself a change from earlier in this article's research window, when both had negative prints on at least one venue.

PUMP, TRUMP, PENGU, BONK and FARTCOIN: the Wide-Spread Top Five

The five widest-spread tickers in this snapshot — PUMP, TRUMP, PENGU, BONK and FARTCOIN — all sit above 0.07 percentage points of daily spread, more than seven times SHIB's flat reading. FARTCOIN is the one worth dwelling on, and arguably the article's biggest live illustration of its own thesis. Of the four headline tickers in the title — PUMP, TRUMP, PENGU and FARTCOIN — FARTCOIN has by far the most cultural attention and search volume, and its cross-exchange spread swung dramatically even within the few hours we have been tracking it: from a near-SHIB-flat reading earlier in this same research window to fifth place overall, at 0.0732 points per day, by the time of this snapshot. Attention and search interest simply do not predict funding-rate volatility — and neither does a ticker's own reading from an hour or two earlier. DOGE and WIF occupy the mid-table with a modest negative-to-positive range each (DOGE roughly −0.0264% to +0.0300%, WIF roughly −0.0012% to +0.0300%), while PEPE's funding currently stays in positive territory throughout (+0.0132% to +0.0300%). The takeaway holds either way you slice it: coin-specific liquidity and positioning — not "meme coin" as a category, and not a coin's ranking an hour ago — is what drives funding volatility.

PUMP Funding Rate by Exchange: Live Spotlight

PUMP earns the spotlight here for a simple reason: it has the widest cross-exchange daily spread of any ticker we track, at 0.1356 percentage points as of 26 July 2026, and it is live on 7 exchanges right now.

Where PUMP's Spread Is Currently Widest

We are deliberately not naming a single "highest funding rate exchange for PUMP" in this prose, because that exchange changes multiple times a day as positioning shifts — printing a specific venue name here would be stale within hours. What we can say structurally: the gap between the most long-favoring and most short-favoring venue for PUMP has consistently been the widest of any ticker in this data set since we began tracking it. For the current, exchange-by-exchange breakdown, use the live table directly below — it pulls straight from Yieldo's funding feed and reflects positioning at the moment you load the page.

TRUMP, PENGU, FARTCOIN: Check Their Own Live Funding Pages

PUMP gets the dedicated live table above, but TRUMP, PENGU and FARTCOIN each have their own dedicated live funding pages with the same exchange-by-exchange breakdown: TRUMP funding, PENGU funding, and FARTCOIN funding. Bookmark whichever ticker you are trading — each page refreshes on Yieldo's normal funding data cadence (roughly every 10 minutes).

Methodology: Normalizing Funding Across 1h, 4h and 8h Intervals

Comparing a raw per-settlement funding percentage across exchanges is a trap, because exchanges don't all settle on the same clock. Hyperliquid settles hourly across the board. Most of the CEXs in this data set — Binance, Bybit, OKX, Bitget, MEXC, KuCoin, BingX — settle every 8 hours. Gate.io is a mixed case: a portion of its pairs settle every 4 hours and a portion every 8 hours, so it is not accurate to describe Gate.io flatly as "the 4-hour exchange." A 0.01% rate on a 1-hour venue and a 0.01% rate on an 8-hour venue are not the same thing — the 1-hour venue is charging that rate eight times more often.

The Daily-Rate Normalization Formula

To make the numbers in this article comparable, every rate is converted to a common 24-hour basis:

daily_rate = raw_rate × (24 / interval_hours) × 100

Where raw_rate is the exchange's raw fractional funding rate at each settlement (for example, 0.0003 for a 0.03% print), and interval_hours is that pair's funding interval — 1 for Hyperliquid, 4 or 8 for CEX pairs depending on the specific pair. All of the daily-percentage figures in the TL;DR table and this article are the output of that formula, not raw exchange values. For the deeper worked-example version of this formula — with dollar amounts, round-trip costs and a full carry-trade walkthrough — see our dedicated CEX vs DEX funding arbitrage guide; we deliberately keep this section short rather than duplicating that walkthrough here.

Why Hyperliquid's 1-Hour Interval Isn't Directly Comparable to 8h Venues

Because Hyperliquid settles hourly and most CEXs settle every 8 hours, a Hyperliquid rate that looks small at a glance can normalize to a daily rate comparable to (or larger than) an 8-hour venue's headline number, simply because it compounds eight times more often in the same 24-hour window. The calculator above lets you plug in a rate and interval and see the annualized comparison directly — useful whether you are sanity-checking a PUMP print from the live table above or a rate you found on a different exchange entirely. See our Hyperliquid review for more on how its hourly settlement affects trading mechanics beyond funding.

Our Observation Window: Why Some of These Numbers Are Only Hours Old

We want to be direct about something most funding-rate content glosses over: not every ticker in this ranking has the same amount of history behind it, and pretending otherwise would be dishonest.

Yieldo has been recording funding-rate history for DOGE, DOGS, NOT, WIF, BONK, PEPE and SHIB since roughly 2026-07-05 — about three weeks of continuous, multi-times-daily data collection across 6 to 9 exchanges per coin. That is enough to describe a real, if still short, trend.

PUMP, TRUMP, PENGU and FARTCOIN — the four headline tickers in this article's title — are a different story. Our funding-rate collection for these four only started on 2026-07-25, the same day as the data snapshot used throughout this article. That means the numbers you see for these four tickers represent a window of a few hours, not a multi-day or multi-week pattern. We are showing you a real, live snapshot — not a fabricated one — but a snapshot is exactly what it is: a photograph of positioning at one moment, not a confirmed behavioral pattern for these tokens.

Practically, this means: treat PUMP, TRUMP, PENGU and FARTCOIN's rankings in this article as "here is what the data shows right now," not "here is how these tokens have always behaved" or "here is how they will behave next week." As our collection window lengthens, we will have a genuine multi-week history for all eleven tickers, the same way we already do for DOGE, DOGS, NOT, WIF, BONK, PEPE and SHIB. Until then, lean on the live widgets throughout this article for the current picture rather than treating any printed number as a settled fact about the coin's long-run behavior.

Trading Meme Coin Funding: Risks and What Negative Funding Doesn't Mean

The sign-divergence and spread data above make meme coin funding rates look like an obvious trading opportunity. Some of it is — funding-rate carry and cross-exchange arbitrage are real, established strategies. But the risks are real too, and meme coins amplify several of them specifically.

Negative Funding Isn't Guaranteed Income for Longs

A negative funding rate means shorts are currently paying longs — but "currently" is the operative word. Funding resets every settlement interval (as often as once an hour on Hyperliquid, at most every 8 hours on the CEXs in this data set), and the sign can flip in the very next interval if positioning shifts. A negative print you see right now is a snapshot of the last settlement, not a locked-in yield you are guaranteed to keep collecting. Holding a long purely because funding is negative today, without a broader thesis on the coin itself, means you are betting the imbalance persists — which, on a meme coin with thin liquidity and spiky retail flow, is a much less safe bet than on BTC or ETH.

Leverage, Liquidation, and Meme Coin Volatility

Meme coins are speculative assets by nature — that is a plain statement of fact, not a value judgment, and it should shape how you size any position in them. Trading a meme coin perpetual adds leverage on top of that underlying volatility, which means adverse price swings (not funding, price) can trigger liquidation long before a favorable funding rate has had time to add up to anything meaningful. Add in trading fees on both the open and close of a position, plus slippage on thin order books, and a funding-rate edge that looks attractive on paper can be erased entirely by execution costs and a single sharp move against you. None of this means meme perp funding is unplayable — it means it should be sized, hedged and monitored like the volatile instrument it is, not treated as passive income.

If you are in Russia or the CIS: funding-rate gains and losses on perpetual futures are treated as ordinary crypto-derived income under Russian tax rules — a two-tier personal income tax applies from 2025 (13% up to 2.4 million rubles of annual income, 15% above that threshold). Keep records of your positions regardless of which side of the trade you are on.

Where to Trade Meme Coin Perpetuals

All eleven tickers in this ranking trade as perpetual futures on a mix of centralized exchanges and one self-custody perp-DEX. Availability and specific pairs vary by venue and change over time, so check each exchange directly before opening a position:

• Bybit — broad meme-perp coverage and one of the deeper order books for PUMP, TRUMP and PENGU among the CEXs in this data set.
• OKX — wide altcoin and meme-perp listing coverage, tracked across all 11 tickers in this article.
• MEXC — typically among the fastest to list new meme perpetuals, including newer tickers like PUMP.
• Bitget — solid meme-coin perp depth alongside copy-trading tools if you want to follow other traders' positioning.
• Gate.io — one of the widest long-tail listings, useful if you are trading less mainstream tickers beyond this article's 11.
• KuCoin — established meme-perp coverage with consistently tracked funding across this data set.
• BingX — copy-trading-focused venue with meme-perp listings across most of the tickers here.
• Hyperliquid — a self-custody perp-DEX that settles funding hourly instead of every 4 or 8 hours, so you feel positioning shifts sooner. You trade from your own wallet rather than depositing into an exchange account; see our full Hyperliquid review for the trade-offs.

Binance also lists perpetuals on several of these tickers and is included throughout this article's exchange counts for objectivity, though it is not one of Yieldo's referral partners.

If your interest is specifically the cross-exchange spread rather than a single-venue position, revisit the funding arbitrage table earlier in this article, or the dedicated funding rate arbitrage scanner and arbitrage funding index for the current best pairs market-wide.

Bottom Line

Meme coin funding rates are not a single story. PUMP, TRUMP, PENGU, BONK and FARTCOIN currently form the widest, most sign-divergent cluster, where the same token pays longs on one exchange and shorts on another. SHIB, DOGS and NOT sit at the calm end of the same spectrum right now — though as FARTCOIN's own swing from near-SHIB-flat to top-five during our research window shows, that grouping is a snapshot, not an assignment. The only way to see either pattern is a cross-exchange, normalized view, which is exactly what the live tables above this paragraph give you. Treat the headline-four tickers' numbers as the early, honestly-labeled snapshot they are, keep leverage and position sizing conservative on assets this volatile, and use the funding index or funding rate arbitrage scanner whenever you want the current picture rather than this article's point-in-time table.

Risk warning: Trading perpetual futures involves substantial risk, including leverage-amplified losses and liquidation. Meme coins are speculative assets with thin liquidity and high volatility; funding-rate income does not offset price risk and can flip sign at the next settlement. Nothing in this article is financial advice. Do your own research and never risk more than you can afford to lose.

This article contains affiliate links. Yieldo may earn a commission at no extra cost to you — it never changes the fees or rates you see.

About the author: Written by Eugen Voyager — crypto analyst and founder of the Telochain blockchain and the @telomeme GameFi project. He runs the "Scam & Dot" (@tonsdot) Telegram channel covering the crypto market, exchange reviews, and DeFi, and builds blockchain infrastructure hands-on. Read more about the author.