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Data / Perpetual funding rate / 2025
What traders holding long perpetual futures paid those holding shorts, annualised, since 2019.
Perpetual funding rate, annualised opened 2025 at 16.5% (January 1, 2025) and closed at 8.2% (December 31, 2025), down 50.5%. The high was 31.3% on January 20, 2025 and the low -3.1% on March 13, 2025.
| Month | Month end |
|---|---|
| January 2025 | 8.2% |
| February 2025 | 3.3% |
| March 2025 | -2.5% |
| April 2025 | -0.8% |
| May 2025 | 3.0% |
| June 2025 | 3.6% |
| July 2025 | 12.9% |
| August 2025 | 5.3% |
| September 2025 | 7.7% |
| October 2025 | 7.9% |
| November 2025 | 0.6% |
| December 2025 | 8.2% |
A perpetual future has no expiry, so it is held to the spot price by a payment between longs and shorts every eight hours. When the rate is positive, longs pay shorts: the market is leaning long and paying for it. Negative means shorts are paying longs to stay short.
Other years: 2026 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019
Also in 2025: Bitcoin price · Distance from the all-time high · 200-day and 200-week averages · Network hashrate · Mining difficulty · Difficulty adjustments · Fees paid to miners · Transactions per day · Hashprice · Miner revenue · Miner prices per terahash · Bitmain releases and the bitcoin price