S funding rate comparison
Live perpetual-futures funding for S across 3 exchanges, ranked by annualized rate. A positive rate means longs pay shorts.
| Exchange | Per interval | Per day | APR (annualized) | |
|---|---|---|---|---|
| Gate | +0.0050% | +0.0150% | +5.47% | Trade S → |
| Binance | -0.0099% | -0.0296% | -10.82% | Trade S → |
| Bybit | -0.0392% | -0.1175% | -42.88% | Trade S → |
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 S: Bybit (-42.88% APR) — the least you pay (or the most you get paid) to hold a long.
- Cheapest to be short S: Gate (+5.47% APR).
- Funding is paid between traders, not to the exchange. The exchange still charges a separate trading fee.