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Data / Perpetual funding rate / 2026
What traders holding long perpetual futures paid those holding shorts, annualised, since 2019.
Perpetual funding rate, annualised opened 2026 at 9.6% (January 1, 2026) and closed at 4.6% (November 7, 2026), down 51.9%. The high was 10.5% on January 4, 2026 and the low -4.2% on March 1, 2026.
| Month | Month end |
|---|---|
| January 2026 | 4.5% |
| February 2026 | -3.8% |
| March 2026 | 1.5% |
| April 2026 | -1.0% |
| May 2026 | 2.0% |
| June 2026 | 1.4% |
| July 2026 | 4.9% |
| August 2026 | 3.8% |
| September 2026 | 0.9% |
| October 2026 | 6.3% |
| November 2026 | 4.6% |
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: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019
Also in 2026: 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