ArbTide

Which cryptos have negative funding rates right now?

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As of 2026-10-02 23:50 UTC, 102 liquid crypto perpetual markets have negative funding. The most negative is SAND on Hyperliquid at -1.6495% per 8 hours (-1806.23% APR): shorts pay longs.

Most negative funding rates by coin

  • -41.07%
    APR
    Coin
    BNCSTOCK
    Exchange
    LBank
    Funding rate
    -0.0375%
    Interval
    8h
    Funding per 8 hours
    -0.0375%
    24h volume
    $15.3M

  • -43.62%
    APR
    Coin
    STXX
    Exchange
    XT.COM
    Funding rate
    -0.0398%
    Interval
    8h
    Funding per 8 hours
    -0.0398%
    24h volume
    $17.6M

  • -46.82%
    APR
    Coin
    GRAM
    Exchange
    Hyperliquid
    Funding rate
    -0.0053%
    Interval
    1h
    Funding per 8 hours
    -0.0428%
    24h volume
    $11.9M

  • -46.89%
    APR
    Coin
    TAO
    Exchange
    OKX
    Funding rate
    -0.0428%
    Interval
    8h
    Funding per 8 hours
    -0.0428%
    24h volume
    $66.4M

  • -48.35%
    APR
    Coin
    ADA
    Exchange
    Hyperliquid
    Funding rate
    -0.0055%
    Interval
    1h
    Funding per 8 hours
    -0.0442%
    24h volume
    $23.4M

  • -48.39%
    APR
    Coin
    TRX
    Exchange
    WhiteBIT
    Funding rate
    -0.0442%
    Interval
    8h
    Funding per 8 hours
    -0.0442%
    24h volume
    $26.4M

  • -49.23%
    APR
    Coin
    ATOM
    Exchange
    Bybit
    Funding rate
    -0.0450%
    Interval
    8h
    Funding per 8 hours
    -0.0450%
    24h volume
    $12.3M

  • -53.00%
    APR
    Coin
    CT
    Exchange
    MEXC
    Funding rate
    -0.0242%
    Interval
    4h
    Funding per 8 hours
    -0.0484%
    24h volume
    $10.9M

  • -54.75%
    APR
    Coin
    PEPE
    Exchange
    LBank
    Funding rate
    -0.0500%
    Interval
    8h
    Funding per 8 hours
    -0.0500%
    24h volume
    $48.2M

  • -56.06%
    APR
    Coin
    BZ
    Exchange
    Gate
    Funding rate
    -0.0512%
    Interval
    8h
    Funding per 8 hours
    -0.0512%
    24h volume
    $20.3M

  • -72.84%
    APR
    Coin
    NIGHT
    Exchange
    OKX
    Funding rate
    -0.0333%
    Interval
    4h
    Funding per 8 hours
    -0.0665%
    24h volume
    $77.9M

  • -77.93%
    APR
    Coin
    INTW
    Exchange
    Binance
    Funding rate
    -0.0712%
    Interval
    8h
    Funding per 8 hours
    -0.0712%
    24h volume
    $18.2M

  • -87.51%
    APR
    Coin
    BTW
    Exchange
    Toobit
    Funding rate
    -0.0400%
    Interval
    4h
    Funding per 8 hours
    -0.0799%
    24h volume
    $11.9M

  • -116.30%
    APR
    Coin
    QNT
    Exchange
    WEEX
    Funding rate
    -0.1062%
    Interval
    8h
    Funding per 8 hours
    -0.1062%
    24h volume
    $35.5M

  • -116.35%
    APR
    Coin
    SKHY
    Exchange
    Toobit
    Funding rate
    -0.1063%
    Interval
    8h
    Funding per 8 hours
    -0.1063%
    24h volume
    $26.5M

  • -133.59%
    APR
    Coin
    KORU
    Exchange
    DigiFinex
    Funding rate
    -0.1220%
    Interval
    8h
    Funding per 8 hours
    -0.1220%
    24h volume
    $14.3M

  • -193.45%
    APR
    Coin
    BLAST
    Exchange
    Bybit
    Funding rate
    -0.1767%
    Interval
    8h
    Funding per 8 hours
    -0.1767%
    24h volume
    $10.5M

  • -202.53%
    APR
    Coin
    MAGMA
    Exchange
    Toobit
    Funding rate
    -0.0925%
    Interval
    4h
    Funding per 8 hours
    -0.1850%
    24h volume
    $26.1M

  • -212.89%
    APR
    Coin
    SCR
    Exchange
    Binance
    Funding rate
    -0.0972%
    Interval
    4h
    Funding per 8 hours
    -0.1944%
    24h volume
    $72.2M

  • -275.64%
    APR
    Coin
    ARK
    Exchange
    XT.COM
    Funding rate
    -0.0315%
    Interval
    1h
    Funding per 8 hours
    -0.2517%
    24h volume
    $17.3M

  • -369.92%
    APR
    Coin
    ENJ
    Exchange
    Bybit
    Funding rate
    -0.3378%
    Interval
    8h
    Funding per 8 hours
    -0.3378%
    24h volume
    $13.7M

  • -469.09%
    APR
    Coin
    MANA
    Exchange
    WEEX
    Funding rate
    -0.4284%
    Interval
    8h
    Funding per 8 hours
    -0.4284%
    24h volume
    $169.7M

  • -649.60%
    APR
    Coin
    GTC
    Exchange
    Binance
    Funding rate
    -0.5932%
    Interval
    8h
    Funding per 8 hours
    -0.5932%
    24h volume
    $259.2M

  • -863.46%
    APR
    Coin
    2Z
    Exchange
    Bybit
    Funding rate
    -0.3943%
    Interval
    4h
    Funding per 8 hours
    -0.7885%
    24h volume
    $13.8M

  • -1806.23%
    APR
    Coin
    SAND
    Exchange
    Hyperliquid
    Funding rate
    -0.2062%
    Interval
    1h
    Funding per 8 hours
    -1.6495%
    24h volume
    $49.8M

Showing 25 of 25

Only perpetual markets with at least $10M of 24-hour volume count (1279 markets right now), so thin markets sitting at their funding cap never top the list. Rates are converted to 8 hours and to APR so exchanges with 1, 4 and 8 hour intervals compare directly.

Frequently asked questions

What does negative funding mean?
Negative funding means the perpetual trades below its index price, so shorts pay longs every interval. It usually follows heavy short positioning or a sell-off.
How do you profit from negative funding?
Holding the long side collects negative funding. A hedged way is a long perpetual where funding is most negative against a short perpetual on an exchange where it is higher, so the price moves cancel and the funding gap remains.

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