Bitcoin (BTC) perpetual funding is 0.0028% per 8 hours right now, averaged across Binance, Bybit, OKX, Coinbase, and Hyperliquid by open interest (3.06% a year), as of Nov 14, 2026, 2:15 AM UTC.
What longs and shorts pay each other on BTC perpetual futures (perpetual swaps) right now. AlertaChart reads Binance, Bybit, OKX, Coinbase and Hyperliquid, puts every rate on the same 8-hour period and averages them by open interest — the method behind the Agg. Funding panel on AlertaChart charts.
Updated: · Sources: Binance, Bybit, OKX, Coinbase, Hyperliquid · Refreshed about every 10 minutes
Rates are per 8 hours. APR is the 8-hour rate × 1,095 (three payments a day × 365), without compounding.
Average funding
0.0028%OI-weighted, per 8h
APR
3.06%
Open interest
$16.53B
Next payment
03:00 UTC · Coinbase
Rank by funding
#22 of 48
The average is positive, so longs pay shorts: at this rate a $10,000 long pays about $0.28 every 8 hours and a short of the same size receives it. What a position really pays depends on the rate of the exchange where it is open.
Across exchanges the 8-hour rate runs from −0.0042% (Hyperliquid) to 0.0061% (Bybit).
Of the 48 largest coins with perpetuals that AlertaChart follows, BTC has the #22 highest average funding right now and the #1 largest open interest.
Funding rate and open interest by exchange
Each exchange’s current BTC rate as it quotes it, how often it pays, the same rate put on 8 hours, its annual equivalent (APR, without compounding), the next payment (UTC) and the exchange’s open interest.
Opens the chart with the order-flow toolbox, where the Agg. Funding and Funding panels are; both are part of the Pro and Elite plans.
Reading BTC funding
Funding keeps a perpetual contract’s price close to the BTC index price: when the perpetual trades above the index the rate is positive and longs pay shorts; when it trades below, the rate turns negative and shorts pay longs. Only positions open at a settlement pay or receive, and each pays the rate of its own exchange.
A high rate shows where leverage leans, not where the price goes next: a crowded side can stay crowded for days, and a rate can flip within one period. This page is for information and education; it is not investment advice.
Questions about BTC funding
What is the BTC funding rate today?
As of Nov 14, 2026, 2:15 AM UTC, the open-interest-weighted average across Binance, Bybit, OKX, Coinbase, and Hyperliquid is 0.0028% per 8 hours, which is 3.06% a year without compounding. By exchange, the 8-hour rate runs from −0.0042% to 0.0061%.
Who pays when the BTC funding rate is positive?
Longs pay shorts; when the rate is negative, shorts pay longs. The payment is the position’s value times the rate, and only positions open at the settlement time pay or receive it.
How often is BTC funding paid?
It depends on the exchange: Binance every 8h, Bybit every 8h, OKX every 8h, Coinbase every 1h, and Hyperliquid every 1h. The table converts every rate to 8 hours so that they can be compared.
How do you compare BTC funding across exchanges?
Every rate is first put on the same 8-hour period: rate per 8h = rate × 8 ÷ the exchange’s interval in hours. The average then weighs each exchange by its open interest in BTC: Σ(rate per 8h × open interest) ÷ Σ open interest.
How much does BTC funding cost a position?
A payment is the position’s value times the rate per payment. At the current average, a $10,000 position pays or receives about $0.28 every 8 hours — about $0.84 a day. The rate can change at every payment, so read this as an illustration.
