Funding is a periodic payment between holders of perpetual futures. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs. The mechanism helps keep the contract price close to the underlying asset price.
Among popular coins, GRAM on HTX has the largest absolute rate after conversion to 8 hours. Original rate: +0.1241% per 4 h. Snapshot: 18.10.2026.
16 venuesCEX — 9 · perp DEX — 7Data as of 18.10.2026 07:03 MSK
01
Compare one coin across funding venues
Choose a coin, position side and notional value. Current rates use an 8-hour comparison period, with each venue’s original interval shown alongside.
BTC · Current rate · Long — position for a price rise · $10 000.00
Sorted by funding cost for your selected side: larger receipts first, then costs from low to high. 8-hour equivalent = current rate per original interval × 8 ÷ interval hours. Its cash equivalent assumes that rate holds throughout the comparison period.
BTC rates and history →
Rates for completed intervals
These are the last settled rates for each venue’s original interval. Amounts are the cash equivalents of those rates for your selected notional and side.
03
BTC: 7- / 30-day averages of observed rates
The selected coin’s 7- and 30-day averages of observed rates are converted to an 8-hour equivalent. Compare them with the current 8-hour rates above to see how the level has changed over recent weeks.
Each venue’s observed rates are averaged with their intervals accounted for, then converted to 8 hours. The CEX group shows the median of venue values. The summary describes the rate level over the observation window.
Summary as of 18.10.2026 07:03 MSK
Funding terms
- Funding rate
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A periodic payment between holders of long and short perpetual positions that keeps the contract price near spot. It is not a yield and not a fee the exchange takes.
- Funding period
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How often the payment happens — most often every eight hours, but some venues use one or four. Comparing rates without the period compares different things.
- Annualised funding
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The current rate multiplied out to a year. Arithmetic over a number the exchange publishes right now, not a promise: the rate changes every period and flips sign.
Where can I find the funding interval?+
Question
Where is that interval?
Answer
In the Interval column, next to the rate. Read them together.
- Negative funding
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Shorts pay longs. It means the perpetual trades below spot, and it is as ordinary a state as the positive one.
- Perpetual contract
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A futures contract with no expiry. Funding is the mechanism that replaces expiry and keeps it tethered to the spot price.
- Perp-DEX
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A perpetuals venue that settles on-chain. Its funding is published the same way, but counterparty and access rules differ from a centralised exchange.
Short definitions of the terms used in the tables above.