COIN Perp Funding
Coinbase perpetual funding and carry across venues, annualized and mechanism-true.
Best venue to short+11.14%Kraken · Shorts collect the funding longs pay
Cheapest venue to long-188.24%Hyperliquid · Lowest funding a long pays. Negative means longs get paid.
Short-vs-long spread199.38%Short Kraken / long Hyperliquid
Open interest by venue$40M14 venues listing COIN
ApeXstandard
+10.95%Annualized funding · settles every 1hMark $173.23OI $430K
Asterstandard
0.00%Annualized funding · settles every 8hMark $173.27OI $373K
Avantisfunding plus borrow
2.00% costAnnualized rollover, charged to both sidesMark —OI $1K
Binancestandard
0.00%Annualized funding · settles every 8hMark $172.42OI $13M
Bitgetstandard
0.00%Annualized funding · settles every 8hMark $172.57OI $7M
Bybitstandard
0.00%Annualized funding · settles every 8hMark $172.61OI $3M
Gatestandard
0.00%Annualized funding · settles every 8hMark $172.61OI $629K
GRVTstandard
0.00%Annualized funding · settles every 8hMark $172.47OI $12K
Hyperliquidbuilder set
-188.24%Annualized funding · settles every 1hMark $172.53OI $13M
Krakenstandard
+11.14%Annualized funding · settles every 1hMark $172.37OI $205K
Lighterstandard
-160.31%Annualized funding · settles every 8hMark $172.55OI $232K
OKXstandard
0.00%Annualized funding · settles every 8hMark $172.44OI $3M
Orderlystandard
+7.59%Annualized funding · settles every 8hMark $172.44OI $612
Ostiumfunding plus borrow
0.00% costAnnualized rollover, charged to both sidesMark $175.23OI $16K
Funding history · annualized
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Accumulated funding
| Venue | 1D | 7D | 30D |
|---|---|---|---|
| ApeX | +0.03% 24/24 · 100% | — 100/168 · 60% | — 100/720 · 14% |
| Aster | 0.00% 3/3 · 100% | 0.00% 21/21 · 100% | +0.02% 90/90 · 100% |
| Binance | 0.00% 3/3 · 100% | +0.06% 21/21 · 100% | +0.23% 90/90 · 100% |
| Bitget | 0.00% 3/3 · 100% | +0.13% 21/21 · 100% | +0.53% 90/90 · 100% |
| Bybit | 0.00% 3/3 · 100% | +0.10% 21/21 · 100% | +0.20% 90/90 · 100% |
| Gate | 0.00% 3/3 · 100% | +0.28% 21/21 · 100% | — 34/90 · 38% |
| GRVT | 0.00% 3/3 · 100% | +0.05% 21/21 · 100% | +0.26% 90/90 · 100% |
| Hyperliquid | -0.02% 24/24 · 100% | +0.07% 168/168 · 100% | +0.55% 720/720 · 100% |
| Kraken | +0.04% 24/24 · 100% | +1.16% 168/168 · 100% | +3.67% 720/720 · 100% |
| Lighter | +0.03% 24/3 · 100% | +0.13% 168/21 · 100% | +0.50% 720/90 · 100% |
| OKX | 0.00% 3/3 · 100% | -0.00% 21/21 · 100% | +0.01% 90/90 · 100% |
| Orderly | +0.03% 3/3 · 100% | +0.21% 21/21 · 100% | +0.79% 90/90 · 100% |
Funding by session phase · 30D avg annualized
| Phase | Avg APR | Settlements |
|---|---|---|
| Market hours | +14.96% | 495 |
| After hours | +14.94% | 1371 |
| Weekend | +11.52% | 962 |
| Holiday | +23.16% | 96 |
Underlying equities print ~32.5 market hours a week; these perps trade 168. Accumulated and session tables cover every venue with a per-settlement feed; rollover venues (Ostium, Avantis) charge both sides continuously and publish no settle history.