T funding rates by exchange
The current funding rate for every T 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
- 10
- Venue spread
- 0.036%
- Pays most
- Phemex
- 24h volume
- $2.9M
Right now Phemex pays +0.005% per settlement and Kraken pays -0.0313% — that gap is what a funding-arbitrage position captures.
Right now 4 of the 10 T contracts carry a positive rate and the rest are negative. The sign itself differs by venue, which is the cleanest setup for a funding trade: collect on one leg instead of merely paying less on it.
Over the last 30 days the most T funding accumulated on Phemex, at -18.79% — worth checking against the current rate, because the leader on accumulated funding is often not the leader today.
Click a column header to sort · use Columns to show or hide metrics
| Exchange | Contract | Current rate | APR | 7d sum | 30d sum | 24h volume |
|---|---|---|---|---|---|---|
 Phemex |
T-USDT | +0.005% | +1.6% | +0.06% | -18.79% | $0K |
 Bybit |
T-USDT | +0.005% | +7.2% | -0.83% | -36.80% | $270K |
 Bitget |
T-USDT | +0.0045% | +6.0% | -0.60% | -34.77% | $179K |
 Toobit |
T-USDT | +0% | -3.9% | -0.33% | -32.77% | $253K |
 Gate.io |
T-USDT | -0.0175% | -42.0% | -0.69% | -36.11% | $44K |
 KuCoin |
T-USDT | -0.0192% | -45.9% | -0.65% | -37.38% | $26K |
 Binance |
T-USDT | -0.0248% | -57.9% | -0.70% | -34.92% | $2M |
 MEXC |
T-USDT | -0.0253% | -58.3% | -0.70% | -34.91% | $120K |
 WEEX |
T-USDT | -0.0253% | -59.4% | -0.70% | -34.94% | $0K |
 Kraken |
T-USDT | -0.0313% | -277.8% | -4.82% | -33.18% | $0K |
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 →
STXSTOCK
TTWO
ADBE
SSPC
ACHR
NATGAS
ALAB
RCAT
G
KO
CHEEMS
ALPINEFrequently asked questions
What is the T funding rate right now?
T funding currently ranges from +0.005% on Phemex down to -0.0313% on Kraken 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 T funding?
At the moment Phemex shows the highest T funding rate. This changes at every settlement, so trust the live ranking above rather than any fixed answer.
How do you trade the T 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 T that difference is currently 0.036% per settlement, before the trading fees on both legs.
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