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Threshold (T) Funding Rate

TT$0.006331+37.48%LongShort

Derivatives (24h)

BuySell
Open Interest+271.83%$19.92M
Futures Volume+11336.37%$300.69M
Liquidation+15399.86%$1.40M
Long Liquidation+26853.08%$567.61K
Short Liquidation+11913.30%$829.88K

Long/Short (24h)

LongShort
T Long/Short All0.992
Binance Long/Short0.997
Bybit Long/Short0.996
Bitget Long/Short1.008
Gate Long/Short1.103

Funding Rate

T OI-Weighted (1h)-1.1719%
Binance T/USDT (1h)-0.8283%
Bybit T/USDT (1h)-2.0000%
MEXC T/USDT (1h)-0.8282%
Bitget T/USDT (1h)-0.8349%
Current FundingOpen-interest-weighted average of the current funding rate across all exchanges (each exchange weighted by its open interest, shown per the coin's common settlement interval). Positive = longs pay shorts. Learn more →-1.1719%/1h
Annualized · APR-10265.55%
Next Funding—
Funding Accum · 1D—
EXTREME SHORT FUNDINGFunding deeply negative — shorts paying heavilyAutomated rule-based market summary, for informational purposes only. Not financial advice.

T Funding Rate Chart · Perpetual · Aggregated

Funding Rate · per 8hpositive · longs pay shortsnegative · shorts pay longsT price
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View T liquidation heatmap →Where leveraged longs and shorts get liquidated · Binance, Bybit, OKX, Hyperliquid and more

Exchanges T Funding Rates

ExchangesFunding RateAPR1D AccumulatedNext FundingInterval
ΣOI-Weighted-1.1710%-10257.53%-12.2333%00:41:28 (1h)1h
BBinance-0.8147%-7136.34%-10.9198%00:41:28 (1h)1hTrade
BBybit-2.0000%-17520.00%-15.1482%00:41:28 (1h)1hTrade
MMEXC-0.8196%-7179.70%-10.8398%00:41:28 (1h)1hTrade
BBitget-0.8215%-7196.34%-10.7068%00:41:28 (1h)1hTrade
KKuCoin-3.1500%-6898.50%-3.3323%01:41:28 (4h)4hTrade
WWhiteBIT-1.6718%-14644.88%-7.1888%00:41:28 (1h)1h
GGate-0.8446%-7398.70%-12.9058%00:41:28 (1h)1hTrade

Rates are per settlement interval (1h/4h/8h depending on exchange) and APR annualizes the current rate at that interval. The Accumulated column sums the rate at each settlement over the selected window (1Y uses exchange-reported yearly accumulation). Live rates update about every 10 seconds.

How to read the colors: funding reflects positioning and the cost of leverage, not price direction. Funding is the fee longs pay shorts (negative means shorts pay longs). Green = funding below the neutral baseline (~0.01% per 8h): holding longs is cheap and the market is not crowded long. Gray = the neutral zone around baseline. Red = elevated funding: longs are crowded and paying up, with deeper red meaning a more extreme premium. The Accumulated column is colored by its per-settlement average, so it reads on the same scale as the live rate. Green funding while price falls = no euphoria and longs are cheap to hold — often a constructive contrarian signal. Red funding while price rises = crowded leveraged longs paying high fees — a setup vulnerable to long squeezes.

The current T USDT perpetual funding rate (1h, OI-weighted) is -9.3749%, meaning shorts are paying longs right now. Across the 7 exchanges reporting a rate, it ranges from -3.1500% on KuCoin to -0.8282% on MEXC — a spread that shows how positioning differs venue by venue. A negative rate is the less common state — it appears when perpetuals trade below spot and short positioning dominates. Learn more about how funding rates work →

See the live funding rate matrix for every exchange →

About T funding rates

The Threshold funding rate (T funding rate) is the periodic payment exchanged between longs and shorts on T perpetual futures. This page charts the OI-weighted Threshold perpetual funding rate (T perpetual funding rate) against price, plus each exchange's current rate, accumulated funding from one day out to one year, and the countdown to its next settlement.

The headline rate weights every venue by its share of T open interest, so large markets move the aggregate more than small ones. Venues reporting no data are excluded and figures refresh continuously.

Frequently asked questions

What is the T funding rate right now?

On an OI-weighted basis, T funding currently sits at -9.3749% — traders holding shorts pay longs until the next settlement (settled every hour on most venues).

Which exchange has the highest T funding rate?

MEXC currently prints the highest T rate at -0.8282%; KuCoin sits lowest at -3.1500%. Every venue's current and accumulated rate is listed in the table below.

How often is T funding settled?

Settlement schedules differ by venue — from every hour to every 4 hours. The countdown to each exchange's next settlement runs in the table below.

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