24h volume$169,869,044,389+96.24%Open interest$131,090,081,463+1.19%Liquidations 24h$151,206,571Longs/Shorts 24h49.64%/50.36%US 30Y5.293%−0.022US debt$40.44T+$30.7B
trifolio

← Arbitrage & Funding

2Z Funding Rates

7 exchanges · updated 26 Oct, 18:26 UTC

2Z perpetual funding on 7 exchanges, a year (APR): positive means longs pay shorts.

Highest now11.0%HyperliquidLowest now−14.0%BingXOpen interest$7.4M24h volume$13.8M
Best pair over 7 days
Long MEXC · Short Hyperliquid · 11.5% a year, 4.7% after fees
Open in Arbitrage
Funding by exchange· highest first
ExchangeNow24h7 daysPayoutPriceOpen interest24h volume
HyperliquidDEX 11.0%+0.0013% / 1h 11.0% 7 days10.7%paid 100% of hours hourlynext 19:00 UTC 0.028215 $743K $519K Trade
BinanceCEX 11.0%+0.0050% / 4h 5.4% 7 days6.2%paid 83% of hours every 4hnext 20:00 UTC 0.0282 $2.6M $3.8M Trade
OKXCEX 11.0%+0.0050% / 4h 5.5% 7 days7.7%paid 89% of hours every 4hnext 20:00 UTC 0.028185 $769K $933K Trade
BitgetCEX 11.0%+0.0050% / 4h 10.8% 7 days3.4%paid 74% of hours every 4hnext 20:00 UTC 0.02819 $240K $419K Trade
MEXCCEX −7.2%−0.0033% / 4h 2.9% 7 days−0.8%paid 60% of hours every 4hnext 20:00 UTC 0.02821 $593K $117K Trade
BybitCEX −7.4%−0.0034% / 4h 1.3% 7 days−3.9%paid 55% of hours every 4hnext 20:00 UTC 0.02821 $1.4M $1.4M Trade
BingXCEX −14.0%−0.0064% / 4h 5.6% 7 days5.6%paid 84% of hours every 4hnext 20:00 UTC 0.028195 $989K $6.6M Trade
Best pairs· after taker fees in and out over a 7-day hold
Pair7 daysAfter feesPrice spreadLiquidity
LongMEXCShortHyperliquid
DEX ↔ CEX · thin market
11.5% 4.7%fees 0.13% Price spread−0.092%usual +0.055% $593K Open
LongBybitShortHyperliquid
DEX ↔ CEX · thin market
14.7% 4.3%fees 0.20% Price spread−0.092%usual +0.047% $743K Open
LongMEXCShortOKX
CEX ↔ CEX · thin market
8.5% 1.2%fees 0.14% Price spread−0.14%usual −0.057% $593K Open
LongBybitShortOKX
CEX ↔ CEX · thin market
11.6% 0.7%fees 0.21% Price spread−0.14%usual −0.054% $769K Open
LongMEXCShortBinance
CEX ↔ CEX · thin market
7.0% −0.3%fees 0.14% Price spread−0.11%usual −0.024% $593K Open
LongBybitShortBinance
CEX ↔ CEX · thin market
10.2% −0.7%fees 0.21% Price spread−0.11%usual −0.036% $1.4M Open
LongMEXCShortBingX
CEX ↔ CEX · thin market
6.4% −0.9%fees 0.14% Price spread−0.11%usual −0.029% $593K Open
LongBybitShortBingX
CEX ↔ CEX · thin market
9.6% −1.3%fees 0.21% Price spread−0.11%usual −0.032% $989K Open
LongBitgetShortHyperliquid
DEX ↔ CEX · thin market
7.3% −3.6%fees 0.21% Price spread−0.021%usual +0.075% $240K Open
LongMEXCShortBitget
CEX ↔ CEX · thin market
4.2% −4.1%fees 0.16% Price spread−0.14%usual −0.025% $240K Open
Other coins

Funding from each exchange’s API, refreshed every minute; averages from our hourly records. Links to exchanges are referral links. This is information, not financial advice.