M funding rate comparison
Live perpetual-futures funding for M across 3 exchanges, ranked by annualized rate. A positive rate means longs pay shorts.
| Exchange | Per interval | Per day | APR (annualized) | |
|---|---|---|---|---|
| Binance | +0.0319% | +0.0956% | +34.88% | Trade M → |
| Bybit | +0.0310% | +0.0931% | +33.98% | Trade M → |
| Gate | +0.0100% | +0.0300% | +10.95% | Trade M → |
As of 2026-06-22 13:38 UTC. APR assumes the current rate repeats at each funding interval (typically every 8h = 3×/day).
How to read this
- Cheapest to be long M: Gate (+10.95% APR) — the least you pay (or the most you get paid) to hold a long.
- Cheapest to be short M: Binance (+34.88% APR).
- Funding is paid between traders, not to the exchange. The exchange still charges a separate trading fee.