Perp funding is the biggest cost for anyone holding leverage, and it is missing from every fee table. Below are available BTC perpetual quotes, normalized to 8 hours and annualized. The cheapest venue to trade is not always the cheapest to hold.
This board excludes quotes that fail the same validity checks as the calculator. For hourly snapshots over the last 7 days, see the funding rate heatmap.
Quotes unavailable: CoinEx. Missing, invalid or old observations are excluded. Not accepting new positions: BitMEX. Excluded from this board and carry pairs.
Same asset, two venues: short the perp where funding is richest, long it where funding is cheapest, and collect the difference as carry. Delta neutral, before fees and margin.
| Strategy | Short 8h | Long 8h | Carry APR | 7d avg Pro | % hours positive Pro |
|---|---|---|---|---|---|
| Short BloFin · Long edgeX | +0.0163% | -0.0109% | +29.8% | ||
| Short Deepcoin · Long edgeX | +0.0112% | -0.0109% | +24.2% | ||
| Short Bitget · Long edgeX | +0.01% | -0.0109% | +22.9% | ||
| Short KuCoin · Long edgeX | +0.01% | -0.0109% | +22.9% | ||
| Short HTX · Long edgeX | +0.01% | -0.0109% | +22.9% | ||
| Short BingX · Long edgeX | +0.01% | -0.0109% | +22.9% | ||
| Short Hyperliquid · Long edgeX | +0.01% | -0.0109% | +22.9% | ||
| Short ApeX · Long edgeX | +0.01% | -0.0109% | +22.9% | ||
| Short Phemex · Long edgeX | +0.0075% | -0.0109% | +20.2% | ||
| Short OKX · Long edgeX | +0.0068% | -0.0109% | +19.4% | ||
| Short BloFin · Long CoinW | +0.0163% | -0.0011% | +19.1% | ||
| Short BloFin · Long dYdX | +0.0163% | +0% | +17.9% | ||
| Short BloFin · Long Deribit | +0.0163% | +0% | +17.9% | ||
| Short Aster · Long edgeX | +0.005% | -0.0109% | +17.4% | ||
| Short Bybit · Long edgeX | +0.0048% | -0.0109% | +17.2% |
Gross carry before taker fees on both legs, margin, and borrow. Funding can flip at any settlement, and the 7d stats are built from hourly snapshots. Estimates, not advice. What would the two legs cost to open?
| Exchange | 8h equivalent | Source interval | Fetched | Per day | Annualized | 7d avg Pro | 30d avg | 7d trend |
|---|---|---|---|---|---|---|---|---|
| edgeX | -0.0109% | 4h | Oct 8, 2026, 3:16 PM | -0.033% | -12% | |||
| CoinW | -0.0011% | 8h | Oct 8, 2026, 3:16 PM | -0.003% | -1.3% | |||
| dYdX | +0% | 1h | Oct 8, 2026, 3:16 PM | +0% | +0% | |||
| Deribit | +0% | 8h | Oct 8, 2026, 3:16 PM | +0% | +0% | |||
| Lighter | +0.0016% | 8h | Oct 8, 2026, 3:16 PM | +0.005% | +1.8% | |||
| Gate.io | +0.0036% | 8h | Oct 8, 2026, 3:16 PM | +0.011% | +3.9% | |||
| Binance | +0.0043% | 8h | Oct 8, 2026, 3:16 PM | +0.013% | +4.7% | |||
| LBank | +0.0043% | 8h | Oct 8, 2026, 3:16 PM | +0.013% | +4.7% | |||
| WEEX | +0.0043% | 8h | Oct 8, 2026, 3:16 PM | +0.013% | +4.7% | |||
| Toobit | +0.0043% | 8h | Oct 8, 2026, 3:16 PM | +0.013% | +4.7% | |||
| MEXC | +0.0044% | 8h | Oct 8, 2026, 3:16 PM | +0.013% | +4.8% | |||
| Bitunix | +0.0044% | 8h | Oct 8, 2026, 3:16 PM | +0.013% | +4.8% | |||
| Bybit | +0.0048% | 8h | Oct 8, 2026, 3:16 PM | +0.014% | +5.3% | |||
| Aster | +0.005% | 8h | Oct 8, 2026, 3:16 PM | +0.015% | +5.5% | |||
| OKX | +0.0068% | 8h | Oct 8, 2026, 3:16 PM | +0.02% | +7.5% | |||
| Phemex | +0.0075% | 8h | Oct 8, 2026, 3:16 PM | +0.023% | +8.2% | |||
| Bitget | +0.01% | 8h | Oct 8, 2026, 3:16 PM | +0.03% | +11% | |||
| KuCoin | +0.01% | 8h | Oct 8, 2026, 3:16 PM | +0.03% | +11% | |||
| HTX | +0.01% | 8h | Oct 8, 2026, 3:16 PM | +0.03% | +11% | |||
| BingX | +0.01% | 8h | Oct 8, 2026, 3:16 PM | +0.03% | +11% | |||
| Hyperliquid | +0.01% | 1h | Oct 8, 2026, 3:16 PM | +0.03% | +11% | |||
| ApeX | +0.01% | 1h | Oct 8, 2026, 3:16 PM | +0.03% | +11% | |||
| Deepcoin | +0.0112% | 8h | Oct 8, 2026, 3:16 PM | +0.034% | +12.3% | |||
| BloFin | +0.0163% | 8h | Oct 8, 2026, 3:16 PM | +0.049% | +17.9% |
7d and 30d average funding, plus a cheap-vs-usual signal on the calculator, are Pro. One-time $12.
BTC perpetual quotes normalized to 8 hours, collected hourly · updated Oct 8, 2026, 3:16 PM. Positive means longs pay shorts (it costs you to hold a long); negative means you are paid to hold a long. Ranked cheapest-to-hold-a-long first.
Compare trading fees alongside funding.
Compare estimated trading fees across 33 exchanges for your profile. BTC funding enters the ranking only when every destination has a valid quote and the profile can use it; otherwise it is shown separately.
Rank exchanges for how you tradeAvailable published BTC funding quotes. Annualized figures assume an unchanged rate; they are not expected returns. feeedge.com
