Stats › Crypto › Funding rates

Bitcoin perpetual funding hit -279.6% a year on 12 Mar 2020

12 Mar 2020: -279.6%-279.6%12 Mar 202013 Apr 2021: 143.9%+143.9%13 Apr 202118 Jun 2022: -20.9%-20.9%18 Jun 202210 Nov 2022: -229.7%-229.7%10 Nov 20224 Aug 2026: 11%+11%4 Aug 2026

Source: Deribit public API, get_funding_rate_history for BTC-PERPETUAL, read 16 Aug 2026. Self reported by an unregulated venue and unaudited. The underlying 8 hour rates were -0.2553% at 18:00 UTC on 12 Mar 2020, +0.1314% on 13 Apr 2021, -0.0191% on 18 Jun 2022, -0.2097% at 00:00 UTC on 10 Nov 2022 and +0.0101% on 4 Aug 2026. Annualising a single print assumes it persists for a year. None of these did.

A perpetual future never expires, so an eight hourly funding payment holds it near spot. That payment has run from minus 279 per cent a year in March 2020 to six per cent lately. Funding is the entire return on a hedged position.

8 hoursFunding interval
-279.6% a yearWorst print, 12 Mar 2020
+5.98% a yearOKX average, 100 periods
+6.41% a yearCME one month basis

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