NIL funding rates
NIL funding is -0.0120% per 4h on Binance right now, -26.2% annualized; 10 exchanges quote the perpetual.
Rates by exchange
live| Exchange | Mark | Index | Mark vs index | Funding | APR | Interval | Next settlement |
|---|---|---|---|---|---|---|---|
 Aster | 0.08740 | 0.08758 | -0.2006% | +0.0050% | +11.0% | 4h | 03:59 PM UTC |
 BingX | 0.08750 | 0.08758 | -0.0913% | +0.0050% | +11.0% | 4h | 03:59 PM UTC |
 Bitget | 0.08753 | 0.08769 | -0.1839% | +0.0050% | +11.0% | 4h | 03:59 PM UTC |
 Bybit | 0.08757 | 0.08769 | -0.1368% | +0.0050% | +11.0% | 4h | 03:59 PM UTC |
 KuCoin | 0.08747 | 0.08760 | -0.1484% | +0.0050% | +11.0% | 4h | 03:59 PM UTC |
 Gate | 0.08753 | 0.08762 | -0.1027% | +0.0018% | +3.9% | 4h | 03:59 PM UTC |
 Hyperliquid | 0.08751 | 0.08758 | -0.0708% | +0.0003% | +2.8% | 1h | 01:59 PM UTC |
 LBank | 0.08746 | 0.08758 | -0.1370% | -0.0117% | -25.6% | 4h | 03:59 PM UTC |
 MEXC | 0.08747 | 0.08758 | -0.1256% | -0.0119% | -26.1% | 4h | 03:59 PM UTC |
 Binance | 0.08752 | 0.08758 | -0.0725% | -0.0120% | -26.2% | 4h | 03:59 PM UTC |
Top pairings for NIL
| Long | Short | Kind | Funding / 24h | |
|---|---|---|---|---|
| LBank perp 0.08746 | Binance margin 0.08770 | hedge | -0.082% | Open in scanner |
| LBank perp 0.08746 | Bybit perp 0.08763 | perp-perp | +0.100% | Open in scanner |
| LBank perp 0.08746 | BingX perp 0.08751 | perp-perp | +0.100% | Open in scanner |
| LBank perp 0.08746 | Gate margin 0.08774 | hedge | +0.047% | Open in scanner |
| Binance perp 0.08754 | Binance margin 0.08770 | hedge | -0.080% | Open in scanner |
85 pairings in the scanner
See every pairing live
The scanner ranks every route by net spread through the order book, after both legs’ fees, with alerts to Telegram and a trade journal. The first week is free.
The table shows every exchange where NIL trades as a perpetual: the rate per settlement, the same rate annualized, the settlement interval and when the next one is. The numbers are the exchanges’ own, read live, not a snapshot from an hour ago.
A positive rate is paid by longs to shorts, a negative one the other way round. The annualized figure assumes the rate stays put for a year, which it never does — it is a way to compare exchanges with different intervals, not a forecast.
The highest and the lowest rate across exchanges are what a funding spread is made of: short where longs pay the most, long where they pay the least, and collect the difference every settlement — minus the cost of entering both legs.
FAQ
What is a funding rate?
A periodic payment between long and short holders of a perpetual that keeps its price near the spot price. Positive: longs pay shorts; negative: shorts pay longs.
How is the annualized rate computed?
The rate per settlement times the number of settlements in a year — 2190 for an 4h interval — in percent. It is a comparison figure, not a forecast.
Why does the rate differ between exchanges?
Each exchange computes its own rate from its own order flow and interval. The differences are what funding arbitrage lives on.