# Which cryptos have negative funding rates right now?

As of 2026-10-03 12:17 UTC, 84 liquid crypto perpetual markets have negative funding. The most negative is ONE on Binance at -3.0638% per 8 hours (-3354.85% APR): shorts pay longs.

## Most negative funding rates by coin

| # | Coin | Exchange | Funding rate | Interval | Funding per 8 hours | APR | 24h volume |
| --- | --- | --- | --- | --- | --- | --- | --- |
| [1](https://arbtide.com/funding-rates/one/binance) | ONE | Binance | -1.5319% | 4h | -3.0638% | -3354.85% | $92.9M |
| [2](https://arbtide.com/funding-rates/sand/hyperliquid) | SAND | Hyperliquid | -0.1027% | 1h | -0.8215% | -899.58% | $86.5M |
| [3](https://arbtide.com/funding-rates/2z/bybit) | 2Z | Bybit | -0.3035% | 4h | -0.6069% | -664.60% | $18.9M |
| [4](https://arbtide.com/funding-rates/mana/weex) | MANA | WEEX | -0.4493% | 8h | -0.4493% | -491.95% | $164.2M |
| [5](https://arbtide.com/funding-rates/ark/binance) | ARK | Binance | -0.0386% | 1h | -0.3088% | -338.11% | $23M |
| [6](https://arbtide.com/funding-rates/gtc/binance) | GTC | Binance | -0.2996% | 8h | -0.2996% | -328.08% | $130.3M |
| [7](https://arbtide.com/funding-rates/enj/binance) | ENJ | Binance | -0.1156% | 4h | -0.2312% | -253.20% | $111.4M |
| [8](https://arbtide.com/funding-rates/qnt/binance) | QNT | Binance | -0.1201% | 8h | -0.1201% | -131.53% | $520.6M |
| [9](https://arbtide.com/funding-rates/us/bybit) | US | Bybit | -0.0549% | 4h | -0.1098% | -120.27% | $19.9M |
| [10](https://arbtide.com/funding-rates/coti/binance) | COTI | Binance | -0.0381% | 4h | -0.0762% | -83.47% | $15.7M |
| [11](https://arbtide.com/funding-rates/blast/bybit) | BLAST | Bybit | -0.0761% | 8h | -0.0761% | -83.33% | $14.1M |
| [12](https://arbtide.com/funding-rates/btw/xt) | BTW | XT.COM | -0.0326% | 4h | -0.0652% | -71.39% | $76.3M |
| [13](https://arbtide.com/funding-rates/movr/bybit) | MOVR | Bybit | -0.0310% | 4h | -0.0620% | -67.84% | $35.1M |
| [14](https://arbtide.com/funding-rates/ct/binance) | CT | Binance | -0.0286% | 4h | -0.0573% | -62.69% | $110.9M |
| [15](https://arbtide.com/funding-rates/skhy/toobit) | SKHY | Toobit | -0.0560% | 8h | -0.0560% | -61.36% | $22.8M |
| [16](https://arbtide.com/funding-rates/magma/binance) | MAGMA | Binance | -0.0276% | 4h | -0.0552% | -60.41% | $361.8M |
| [17](https://arbtide.com/funding-rates/pepe/digifinex) | PEPE | DigiFinex | -0.0510% | 8h | -0.0510% | -55.84% | $43.3M |
| [18](https://arbtide.com/funding-rates/koru/toobit) | KORU | Toobit | -0.0479% | 8h | -0.0479% | -52.42% | $24M |
| [19](https://arbtide.com/funding-rates/tao/xt) | TAO | XT.COM | -0.0203% | 4h | -0.0406% | -44.46% | $41M |
| [20](https://arbtide.com/funding-rates/ena/bybit) | ENA | Bybit | -0.0160% | 4h | -0.0320% | -35.01% | $112.8M |
| [21](https://arbtide.com/funding-rates/trx/weex) | TRX | WEEX | -0.0272% | 8h | -0.0272% | -29.81% | $35.7M |
| [22](https://arbtide.com/funding-rates/ath/binance) | ATH | Binance | -0.0135% | 4h | -0.0270% | -29.56% | $41.1M |
| [23](https://arbtide.com/funding-rates/bnb/extended) | BNB | Extended | -0.0033% | 1h | -0.0264% | -28.91% | $16.7M |
| [24](https://arbtide.com/funding-rates/aave/whitebit) | AAVE | WhiteBIT | -0.0232% | 8h | -0.0232% | -25.35% | $24.6M |
| [25](https://arbtide.com/funding-rates/hype/digifinex) | HYPE | DigiFinex | -0.0220% | 8h | -0.0220% | -24.09% | $112M |

Only perpetual markets with at least $10M of 24-hour volume count (1216 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.

Source: ArbTide, live funding rates read from each exchange's API, as of 2026-10-03 12:17 UTC. https://arbtide.com/funding-rates/negative

## 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.