Funding rate calculator
On October 16, 2026 at 08:07 UTC, the funding rate calculator priced BTC funding on 24 venues. Held for 24 hours, a $10,000 BTC long receives $0.84 on GRVT and pays $13.44 on Hibachi. The median result was −$3.00. A negative result is a payment, and each total holds the current rate for the full period.
Calculate the funding that a perpetual futures position pays or receives on each venue. BTC and ETH rates come from the PerpFinder funding sweep. Other assets use the live funding matrix.
GRVT
Best rate for this long: receives $0.84 in 1 d
Hibachi
Highest cost for this long: pays $13.44 in 1 d
24
Venues with a current BTC rate · October 16, 2026, 08:07 UTC
Your position
Values stay in your browser| Venue | Rate per interval | Interval | Settlements | Total | Annualized rate |
|---|---|---|---|---|---|
| GRVTinterval assumed | −0.0028%per 8 h | 8 h | 3 | +$0.84received | −3.07% |
| Gate.io | −0.0021%per 8 h | 8 h | 3 | +$0.63received | −2.30% |
| dYdXinterval assumed | 0.0000%per 1 h | 1 h | 24 | $0.00no payment | 0.00% |
| Bybit | +0.0054%per 8 h | 8 h | 3 | −$1.61paid | +5.89% |
| Aevointerval assumed | +0.0008%per 1 h | 1 h | 24 | −$1.92paid | +7.01% |
| Lighterinterval assumed | +0.0008%per 1 h | 1 h | 24 | −$1.92paid | +7.01% |
| MEXC | +0.0068%per 8 h | 8 h | 3 | −$2.04paid | +7.45% |
| Binance | +0.0068%per 8 h | 8 h | 3 | −$2.05paid | +7.49% |
| Aster | +0.0086%per 8 h | 8 h | 3 | −$2.57paid | +9.38% |
| Orderly | +0.0087%per 8 h | 8 h | 3 | −$2.62paid | +9.56% |
| Paradexinterval assumed | +0.0097%per 8 h | 8 h | 3 | −$2.90paid | +10.57% |
| BingX | +0.0100%per 8 h | 8 h | 3 | −$3.00paid | +10.95% |
| Bitget | +0.0100%per 8 h | 8 h | 3 | −$3.00paid | +10.95% |
| Bluefininterval assumed | +0.0013%per 1 h | 1 h | 24 | −$3.00paid | +10.95% |
| HTX | +0.0100%per 8 h | 8 h | 3 | −$3.00paid | +10.95% |
| Hyperliquidinterval assumed | +0.0013%per 1 h | 1 h | 24 | −$3.00paid | +10.95% |
| KuCoin | +0.0100%per 8 h | 8 h | 3 | −$3.00paid | +10.95% |
| OKXinterval derived | +0.0100%per 8 h | 8 h | 3 | −$3.00paid | +10.95% |
| Phemex | +0.0100%per 8 h | 8 h | 3 | −$3.00paid | +10.95% |
| Deribitinterval assumed | +0.0124%per 8 h | 8 h | 3 | −$3.72paid | +13.57% |
| Crypto.cominterval assumed | +0.0018%per 1 h | 1 h | 24 | −$4.29paid | +15.66% |
| Kraken | +0.0022%per 1 h | 1 h | 24 | −$5.16paid | +18.84% |
| BloFin | +0.0188%per 8 h | 8 h | 3 | −$5.65paid | +20.62% |
| Hibachiinterval assumed | +0.0056%per 1 h | 1 h | 24 | −$13.44paid | +49.06% |
Cost of holding a $10,000 BTC long for 24 h and 7 d
The rates are from the funding sweep at October 16, 2026, 08:07 UTC. Each total holds the current rate constant. A negative total is a payment by the long. A short gets the same amounts with the opposite sign.
| Venue | Rate | 24 h | 7 d |
|---|---|---|---|
| GRVT | −0.0028%per 8 h, interval assumed | +$0.84 | +$5.88 |
| Gate.io | −0.0021%per 8 h | +$0.63 | +$4.41 |
| dYdX | 0.0000%per 1 h, interval assumed | $0.00 | $0.00 |
| Bybit | +0.0054%per 8 h | −$1.61 | −$11.29 |
| Aevo | +0.0008%per 1 h, interval assumed | −$1.92 | −$13.44 |
| Lighter | +0.0008%per 1 h, interval assumed | −$1.92 | −$13.44 |
| MEXC | +0.0068%per 8 h | −$2.04 | −$14.28 |
| Binance | +0.0068%per 8 h | −$2.05 | −$14.36 |
| Aster | +0.0086%per 8 h | −$2.57 | −$18.00 |
| Orderly | +0.0087%per 8 h | −$2.62 | −$18.33 |
| Paradex | +0.0097%per 8 h, interval assumed | −$2.90 | −$20.27 |
| BingX | +0.0100%per 8 h | −$3.00 | −$21.00 |
| Bitget | +0.0100%per 8 h | −$3.00 | −$21.00 |
| Bluefin | +0.0013%per 1 h, interval assumed | −$3.00 | −$21.00 |
| HTX | +0.0100%per 8 h | −$3.00 | −$21.00 |
| Hyperliquid | +0.0013%per 1 h, interval assumed | −$3.00 | −$21.00 |
| KuCoin | +0.0100%per 8 h | −$3.00 | −$21.00 |
| OKX | +0.0100%per 8 h | −$3.00 | −$21.00 |
| Phemex | +0.0100%per 8 h | −$3.00 | −$21.00 |
| Deribit | +0.0124%per 8 h, interval assumed | −$3.72 | −$26.02 |
| Crypto.com | +0.0018%per 1 h, interval assumed | −$4.29 | −$30.04 |
| Kraken | +0.0022%per 1 h | −$5.16 | −$36.14 |
| BloFin | +0.0188%per 8 h | −$5.65 | −$39.55 |
| Hibachi | +0.0056%per 1 h, interval assumed | −$13.44 | −$94.08 |
Funding payment formula
Each venue quotes a rate for its own funding interval of 1, 4 or 8 hours. At each settlement, a long pays the rate times the position value when the rate is positive, and a short receives it. When the rate is negative, the short pays and the long receives.
Funding = position value × rate per interval × (holding hours ÷ interval hours)
The calculator uses the interval of each venue, so a 1-hour rate is applied 24 times a day and an 8-hour rate 3 times. A holding time that is not a whole number of intervals gives an expected value. For example, 10 hours at an 8-hour interval counts as 1.25 settlements. The real position pays at 1 or 2 settlements, depending on when you open it. For some venues the sweep reads a rate that is already scaled to an assumed interval. The table marks them. For those venues, the total is correct, but the amount per settlement can differ.
The result is an estimate. Venues reset the rate at each interval, and the exact number of settlements depends on the time you open and close. Read the funding methodology for the sweep. Compare all assets in the funding rate screener.
The asset list has 52 markets: BTC and ETH from the sweep, and the other markets with the most open interest from the live funding matrix. Pick Other market to load any symbol that the matrix lists. A venue enters only when it reports the interval for that market, or when its documentation states one interval for every market.
Terms used on this page
- Funding rate
- A funding rate is the periodic payment between long and short positions that keeps a perpetual futures price near its index price. When the rate is positive, longs pay shorts.
- Funding interval
- The funding interval is the time between two funding settlements on one market, for example 1 hour or 8 hours. A rate always belongs to its interval.
Questions answered from the data
How much funding does a $10,000 BTC long pay per day?
At October 16, 2026, 08:07 UTC, the 24-hour result ranged from GRVT, where the long receives $0.84, to Hibachi, where it pays $13.44.
The median result of the 24 venues was −$3.00. A negative result is a payment.
How do 1-hour and 8-hour funding intervals compare?
Compare the total for the same holding time, not the rate per interval.
At October 16, 2026, 08:07 UTC, Kraken quoted +0.0022% per 1 h, applied 24 times a day. Gate.io quoted −0.0021% per 8 h, applied 3 times a day. Over 24 hours, a $10,000 long pays $5.16 on Kraken and receives $0.63 on Gate.io.
Which venue pays BTC shorts the most right now?
At October 16, 2026, 08:07 UTC, Hibachi had the highest BTC rate in the sweep: +0.0056% per 1 h.
A $10,000 short there receives $13.44 in 24 hours if the rate stays the same.