M funding rates by exchange
The current funding rate for every M perpetual we track, venue by venue, with 7-day and 30-day accumulated funding and the annualised rate. A positive rate means longs pay shorts.
- Exchanges
- 11
- Venue spread
- 0.087%
- Pays most
- KuCoin
- 24h volume
- $14.1M
Right now KuCoin pays +0.0899% per settlement and Aster pays +0.0033% — that gap is what a funding-arbitrage position captures.
Every venue listing M is showing a positive rate right now, so longs are paying shorts across the board — the difference is only in how much.
Over the last 30 days the most M funding accumulated on KuCoin, at +3.50% — worth checking against the current rate, because the leader on accumulated funding is often not the leader today.
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| Exchange | Contract | Current rate | APR | 7d sum | 30d sum | 24h volume |
|---|---|---|---|---|---|---|
 KuCoin |
M-USDT | +0.0899% | +193.0% | +1.08% | +3.50% | $701K |
 BloFin |
M-USDT | +0.0357% | +74.2% | +1.02% | +2.39% | $201K |
 WEEX |
M-USDT | +0.0325% | +67.2% | +1.03% | +2.42% | $0K |
 Binance |
M-USDT | +0.0324% | +67.4% | +1.03% | +2.42% | $6.1M |
 Toobit |
M-USDT | +0.0324% | +67.1% | +0.56% | +1.41% | $1.6M |
 MEXC |
M-USDT | +0.0324% | +68.0% | +1.03% | +2.42% | $169K |
 Gate.io |
M-USDT | +0.01% | +7.3% | +0.21% | +0.69% | $554K |
 Bybit |
M-USDT | +0.005% | +7.2% | +0.35% | +3.20% | $1.5M |
 Bitget |
M-USDT | +0.005% | +7.1% | +0.44% | +2.31% | $591K |
 BingX |
M-USDT | +0.0035% | +4.0% | +0.66% | +2.89% | $2.3M |
 Aster |
M-USDT | +0.0033% | +25.6% | +0.50% | +1.26% | $403K |
Rates come straight from exchange data and change at every settlement; APR annualises the current rate at the contract's own funding interval. Market data, not investment advice.
Other coins
Funding rates by coin →
ENSO
YFI
S
KERNEL
BROCCOLI
POPCAT
MYX
BB
FOLKS
YB
COHR
WDCFrequently asked questions
What is the M funding rate right now?
M funding currently ranges from +0.0899% on KuCoin down to +0.0033% on Aster per settlement — the table above lists every venue. A positive rate means long positions pay short positions at the next settlement; a negative rate means the reverse.
Which exchange pays the highest M funding?
At the moment KuCoin shows the highest M funding rate. This changes at every settlement, so trust the live ranking above rather than any fixed answer.
How do you trade the M funding difference?
You hold offsetting positions on two venues — long where funding is negative, short where it is positive — so price exposure cancels out and you collect the difference at each settlement. On M that difference is currently 0.087% per settlement, before the trading fees on both legs.
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