USDC funding rates

USDC perpetual funding across 5 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 03:16 UTC · refreshed every 5 min

Best pair · 7d: 16.5%long Bybit, short Bitget · net 10.5%
Highest funding now: −4.3%MEXCCEX
Lowest funding now: −26.0%BybitCEX
Listed on: 5 venues

Funding by venue

													Open
MEXCCEX	USDC_USDT	−4.3%	−2.1%	0.7%	−0.6%	1.1%	38%	8h	08:00	1.00	$10.7M	$517k	MxMEXC
BinanceCEX	USDCUSDT	−4.4%	−1.9%	0.5%	0.0%	0.9%	38%	8h	08:00	1.00	$4.0M	$969k	BnBinance
GateCEX	USDC_USDT	−4.7%	0.7%	3.1%	7.1%	3.5%	62%	8h	08:00	1.00	$264k	$3k	GtGate
BitgetCEX	USDCUSDT	−10.2%	−0.2%	7.5%	0.9%	8.8%	88%	8h	08:00	1.00	$3.2M	$9k	BgBitget
BybitCEX	USDCUSDT	−26.0%	−17.3%	−9.0%	−2.1%	−7.6%	19%	8h	08:00	1.00	$7.7M	$238k	ByBybit

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
											Open	Calc
		Spread APR				After taker fees			Quality
BybitCEX	BitgetCEX	15.8%	17.1%	16.5%	2.9%	10.5%	15.8%	5.1d	steady	$3.2M	By Bg	calc
BybitCEX	MEXCCEX	21.7%	15.2%	9.7%	1.4%	5.7%	8.6%	5.7d	steady	$7.7M	By Mx	calc
BybitCEX	GateCEX	21.3%	18.0%	12.1%	9.1%	5.3%	7.9%	7.9d	steady	$264k	By Gt	calc
BybitCEX	BinanceCEX	21.6%	15.4%	9.5%	4.3%	4.0%	6.0%	8.1d	steady	$4.0M	By Bn	calc
MEXCCEX	BitgetCEX	−5.9%	1.9%	6.9%	1.5%	2.7%	4.0%	8.5d	cooling	$3.2M	Mx Bg	calc
BinanceCEX	BitgetCEX	−5.8%	1.7%	7.0%	0.4%	1.3%	2.0%	11d	cooling	$3.2M	Bn Bg	calc
MEXCCEX	GateCEX	−0.4%	2.8%	2.4%	7.7%	−2.6%	−3.8%	29d	weak	$264k	Mx Gt	calc
GateCEX	BitgetCEX	−5.5%	−0.9%	4.5%	−6.2%	−2.6%	−3.9%	22d	cooling	$264k	Gt Bg	calc
BinanceCEX	GateCEX	−0.3%	2.6%	2.6%	6.8%	−3.9%	−5.9%	35d	weak	$264k	Bn Gt	calc
BinanceCEX	MEXCCEX	0.1%	−0.2%	0.2%	0.1%	−3.5%	−5.2%	269d	mixed	$4.0M	Bn Mx	calc
GateCEX	MEXCCEX	0.4%	−2.8%	−2.4%	−7.7%	−7.4%	−11.0%	—	mixed	$264k	Gt Mx	calc
GateCEX	BinanceCEX	0.3%	−2.6%	−2.6%	−6.8%	−9.1%	−13.7%	—	mixed	$264k	Gt Bn	calc
BitgetCEX	MEXCCEX	5.9%	−1.9%	−6.9%	−1.5%	−11.0%	−16.5%	—	mixed	$3.2M	Bg Mx	calc
BitgetCEX	GateCEX	5.5%	0.9%	−4.5%	6.2%	−11.5%	−17.2%	—	mixed	$264k	Bg Gt	calc
BitgetCEX	BinanceCEX	5.8%	−1.7%	−7.0%	−0.4%	−12.8%	−19.2%	—	mixed	$3.2M	Bg Bn	calc

What the columns and badges mean

now: Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h: Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d: Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d: Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend: Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR: 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital: Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven: Days of 7d-average funding needed to pay back open+close taker fees.
Min OI: Smaller open interest of the two legs, USD.
steady: Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike: The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed: The spread was negative too often: not negative in only X% of hours over 7 days.
new: Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak: Prior-week spread under 5% APR: too small to call steady.
cooling: The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?: Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale: At least one leg has not updated for over 30 minutes.
low OI: Open interest under $50k on at least one leg — size carefully.
8h/1h: Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi: Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only: Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.: A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX: Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 03:16 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

Indicative (mark or mid prices): buy on Bybit at 1.0003, sell on Binance at 1.00051: 0.021% before fees, −0.189% after taker fees.

USDC: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Binance1.00051	MEXC1.00049	Bitget1.0004	Bybit1.0003	Gate1.0003
Bybit1.0003	0.021%	0.019%	0.010%	—	0.000%
Gate1.0003	0.021%	0.019%	0.010%	0.000%	—
Bitget1.0004	0.011%	0.009%	—	−0.010%	−0.010%
MEXC1.00049	0.002%	—	−0.009%	−0.019%	−0.019%
Binance1.00051	—	−0.002%	−0.011%	−0.021%	−0.021%

All quotes (5)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
BinanceCEX	1.00051	1.00051	mark	6m	$969k	no FX
BitgetCEX	1.0004	1.0004	mark	6m	$9k	no FX
BybitCEX	1.0003	1.0003	mark	6m	$238k	no FX
GateCEX	1.0003	1.0003	mark	6m	$3k	no FX
MEXCCEX	1.00049	1.00049	mark	7m	$517k	no FX

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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