# PAYP Funding Rates

As of 2026-10-03 14:28 UTC, PAYP perpetual funding averages 0.0024% per 8 hours (2.68% APR) across all 11 exchanges that list it, weighted by 24h volume (median 0.0000%). Highest: Deepcoin at 0.0100% per 8h (10.95% APR). Lowest: Toobit at 0.0000% per 8h (0.00% APR). Going long on Toobit and short on Deepcoin collects a gross spread of 0.0100% per 8 hours (10.95% APR) before fees.

## Funding rate by exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [Deepcoin](https://arbtide.com/funding-rates/payp/deepcoin) | [PAYP/USDT:USDT](https://www.deepcoin.com/en/swap/PAYP-USDT) | 0.0100% | 8h | 10.95% | — |
| [WEEX](https://arbtide.com/funding-rates/payp/weex) | [PAYP/USDT:USDT](https://www.weex.com/futures/PAYP-USDT) | 0.0066% | 8h | 7.20% | 2026-10-03 14:28 UTC |
| [Crypto.com](https://arbtide.com/funding-rates/payp/cryptocom) | [PAYP/USD:USD](https://crypto.com/exchange/trade/PAYPUSD-PERP) | 0.0006% | 1h | 5.00% | 2026-10-03 15:00 UTC |
| [Binance](https://arbtide.com/funding-rates/payp/binance) | [PAYP/USDT:USDT](https://www.binance.com/en/futures/PAYPUSDT) | 0.0000% | 8h | 0.00% | 2026-10-03 16:00 UTC |
| [Gate](https://arbtide.com/funding-rates/payp/gate) | [PAYP/USDT:USDT](https://www.gate.com/futures/USDT/PAYP_USDT) | 0.0000% | 8h | 0.00% | 2026-10-03 16:00 UTC |
| [KuCoin](https://arbtide.com/funding-rates/payp/kucoin) | [PAYP/USDT:USDT](https://www.kucoin.com/trade/futures/PAYPUSDTM) | 0.0000% | 8h | 0.00% | 2026-10-03 16:00 UTC |
| [HTX](https://arbtide.com/funding-rates/payp/htx) | [PAYP/USDT:USDT](https://www.htx.com/futures/linear_swap/exchange#contract_code=PAYP-USDT&contract_type=swap&type=cross) | 0.0000% | 8h | 0.00% | 2026-10-03 16:00 UTC |
| [XT.COM](https://arbtide.com/funding-rates/payp/xt) | [PAYP/USDT:USDT](https://www.xt.com/en/futures/trade/payp_usdt) | 0.0000% | 8h | 0.00% | 2026-10-03 16:00 UTC |
| [LBank](https://arbtide.com/funding-rates/payp/lbank) | [PAYP/USDT:USDT](https://www.lbank.com/futures/paypusdt) | 0.0000% | 8h | 0.00% | 2026-10-03 16:00 UTC |
| [Toobit](https://arbtide.com/funding-rates/payp/toobit) | [PAYP/USDT:USDT](https://www.toobit.com/en-US/futures/PAYP-SWAP-USDT) | 0.0000% | 8h | 0.00% | 2026-10-03 16:00 UTC |
| [Aster](https://arbtide.com/funding-rates/payp/aster) | [PAYP/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/PAYPUSDT) | 0.0000% | 8h | 0.00% | — |

## Frequently asked questions

### Is the PAYP funding rate positive right now?

Mostly no. PAYP funding is positive on 3 of the 11 exchanges, which means longs are paying shorts on those venues.

### Which exchange has the highest PAYP funding rate?

Deepcoin at 0.0100% per 8h (10.95% APR). The lowest is Toobit at 0.0000% per 8h (0.00% APR).

### What is the PAYP funding arbitrage spread?

The gross spread is 0.0100% per 8 hours (10.95% APR): long PAYP on Toobit and short on Deepcoin. Trading fees, slippage and price basis reduce the net return.

### How often is PAYP funding paid?

PAYP funding is paid every 8 hours on Deepcoin, WEEX, Binance, Gate, KuCoin, HTX, XT.COM, LBank, Toobit, and Aster; every hour on Crypto.com. Rates on this page are also shown as APR so they can be compared directly.