How to read the board
Every perp market, one funding number
A perpetual has no expiry, so an exchange uses a funding rate — a small payment swapped between longs and shorts every few hours — to keep its price tied to spot. Positive funding means longs pay shorts; negative means the reverse. This board carries the live rate for 132 markets across 21 venues, each annualized to a common 8-hour basis so an hourly venue and an 8-hour one compare like for like, and shown net of the fees it costs to trade. Open interest and 24h volume sit beside every rate as the evidence of whether a market is deep enough to act on. Open any row for the full coin breakdown — every venue quoting it, its funding history and a break-even on the spread.
Paying the most right now
The yield is in the tail — most markets pay near zero.
Funding is close to flat on the majority of markets most of the time; the money is in the handful of coins where the two sides disagree hardest. 106 markets show a positive net-of-fees APR at this refresh, led by JUP at 698.90%. The five widest:
- JJUPLong Aster · Short N1698.90%
- SSLong N1 · Short Extended669.16%
- SSKHYNIXLong Pacifica · Short Polymarket267.66%
- FFARTCOINLong Aster · Short N1207.95%
- SSKRLong Backpack · Short Bybit162.06%
Net APR is the funding spread annualized after the round-trip cost of trading both legs — what the position would earn if the current rate held for a year, which it rarely does. This block is a snapshot of the board above and is rebuilt every few minutes; sort or search the live table for the full set.
FAQ
Funding rates, answered
What is a perpetual funding rate?
A perpetual future never expires, so it needs a mechanism to stay tethered to the spot price. That mechanism is funding: at a set interval the exchange has one side of the market pay the other a small percentage of position value. When the perp trades above spot, longs pay shorts and funding is positive; when it trades below, shorts pay longs. DeltaPulse collects the live rate for 132 markets across 21 venues on this board.
How often is funding paid?
It depends on the venue, and the difference is large: many perp DEXs settle funding every hour, while the big centralised exchanges — Binance, OKX, Bybit, Bitget — settle every 4 to 8 hours. Comparing raw rates across them would just rank whoever funds most often, so every rate on this board is normalized to a common 8-hour basis first. An hourly 0.001% and an eight-hourly 0.008% are the same rate here.
Which market has the highest funding APR right now?
As of this refresh, JUP shows the widest net-of-fees APR on the board at 698.90% annualized — long on Aster, short on N1. 106 markets currently carry a positive net APR at all; the rest sit near zero. The ranking moves every few minutes as funding does, so read any single figure as a snapshot.
How is the net-of-fees APR calculated?
From the funding rate, annualized on an 8-hour basis, minus the cost of actually holding the position: for a cross-exchange pair that is the round trip of opening and closing two legs, four taker fees before funding has paid anything. Quoting APR gross of fees flatters small spreads that a real trade would never clear, so every APR here is net, at a conservative default hold.
What do open interest and 24h volume tell me?
They are the depth check. Open interest is the total size currently open on a market — how much is really on the books — and 24h volume is how much changed hands. A tempting funding rate on a market with almost no open interest or volume is a number you can compute but not a position you can size into, so both columns sit beside the rate rather than being buried on the coin page. A dash means the venue does not publish that figure, and it is not zero.
Do I need an account to see this data?
No. The whole board, every coin page and the live funding data are open with no account and no delay. DeltaPulse is analytics, not a broker — we never hold your funds and never place an order. An account only adds the things that are yours: alerts, and a read-only portfolio across the exchange accounts you connect.