Funding rates · S-USDT
S-USDT
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Browse all contracts →S-USDT funding rate today on 5 exchanges
Live S-USDT perpetual funding rates on Binance, OKX, Bybit, Bitget and Gate, converted into what holding the position costs in dollars.
Updated 2026-10-21 00:10 UTC
S-USDT
Cost of holding this position
-$270.00
$10.0k · 30 days · 1x Long
Last 24 settlements
5 exchangesThe estimate assumes today's funding rate stays the same for the whole holding period. In practice the rate changes at every settlement.
S-USDT · Long
S funding rate by exchange
| # | Exchange | 24h volume | Funding rate | Annualised | Bid-ask spread | Cost for a long |
|---|---|---|---|---|---|---|
| 1 | $444.5k | -0.0150%/4h | -32.85% | 0.0523% | -$270.00 | |
| 2 | $8.8M | -0.0069%/4h | -15.14% | 0.0174% | -$124.40 | |
| 3 | $24.8M | -0.0050%/4h | -10.95% | 0.0174% | -$90.02 | |
| 4 | $5.8M | +0.0039%/4h | 8.62% | 0.0174% | +$70.82 | |
| 5 | $2.9M | +0.0050%/4h | 10.95% | 0.0523% | +$90.00 |
Enter your monthly volume, order mix and holding time to compare trading fees, funding and spread on each exchange, cheapest first.
S-USDT
Where holding S was cheapest over 90 days
Over the last 90 days a $10,000 long received $86.33 in funding on OKX, the cheapest of 5 exchanges, and paid $155.41 on Bybit, the most expensive: a difference of $241.74.
The ranking runs the other way for shorts: a $10,000 short received $155.41 on Bybit, the best exchange for a short.
OKX was also the cheapest for longs over the last 7 and 30 days, so the ranking has held.
Running total of funding paid by a $10,000 long, day by day, on one scale for every exchange. Above the line the long paid; below it, it received.
S-USDT
S funding rate history: last 90 days
What a $10,000 long position would have paid (+) or received (−) in funding on each exchange, at the funding rates each exchange published for every settlement. For a short, the signs are reversed.
| Exchange | Settlements | Last 7 days | Last 30 days | Last 90 days | Average, annualised | Positive settlements | Lowest / highest |
|---|---|---|---|---|---|---|---|
| 180 /4h | -$22.31 | -$31.19 | -$86.33 | -3.79% | 49% | -0.0382% / +0.0050% | |
| 180 /4h | -$11.52 | +$16.20 | +$85.48 | 1.97% | 63% | -0.0149% / +0.0050% | |
| 180 /4h | -$10.69 | +$26.67 | +$138.01 | 3.24% | 78% | -0.0389% / +0.0050% | |
| 180 /4h | -$2.86 | +$29.98 | +$155.41 | 3.65% | 81% | -0.0392% / +0.0050% | |
| 180 /4h | +$6.13 | +$56.77 | +$30.16 | 6.91% | 85% | -0.0134% / +0.0050% |
S-USDT
S funding rate history by day
Each cell adds up every settlement on that exchange during one UTC day. Multiply by your position size for the day's payment: +0.0300% on $10,000 is $3.
| Date (UTC) | OKX | Binance | Gate | Bybit | Bitget |
|---|---|---|---|---|---|
| 2026-10-20 | +0.0218% | -0.0264% | -0.0166% | -0.0087% | +0.0169% |
| 2026-10-19 | -0.0015% | -0.0128% | +0.0128% | +0.0192% | +0.0154% |
| 2026-10-18 | -0.0468% | -0.0080% | +0.0167% | -0.0184% | +0.0139% |
| 2026-10-17 | -0.0268% | +0.0102% | +0.0006% | +0.0267% | +0.0118% |
| 2026-10-16 | -0.0784% | -0.0325% | -0.0418% | -0.0517% | +0.0005% |
| 2026-10-15 | -0.0458% | -0.0120% | -0.0564% | +0.0261% | -0.0135% |
| 2026-10-14 | -0.0679% | -0.0388% | -0.0337% | -0.0359% | +0.0090% |
| 2026-10-13 | -0.0613% | -0.0008% | -0.0797% | +0.0091% | +0.0300% |
| 2026-10-12 | -0.0110% | -0.0009% | -0.0488% | +0.0300% | +0.0210% |
| 2026-10-11 | -0.0442% | -0.0135% | -0.0519% | -0.0160% | +0.0204% |
| 2026-10-10 | +0.0274% | +0.0189% | +0.0300% | +0.0269% | +0.0300% |
| 2026-10-09 | -0.0008% | +0.0240% | -0.0022% | +0.0243% | +0.0300% |
| 2026-10-08 | -0.0314% | -0.0004% | +0.0300% | +0.0091% | -0.0049% |
| 2026-10-07 | -0.0226% | -0.0014% | +0.0288% | +0.0231% | +0.0300% |
S-USDT
S funding rate: common questions
Do longs or shorts pay S funding right now?
It depends on the exchange. Longs pay on OKX and Bitget, while shorts pay on Binance, Bybit and Gate, so the same S position costs money on one exchange and earns it on another.
Is the S funding rate high right now?
Not unusually. At the last settlement on Binance the rate was -0.0037%, close to its typical size of 0.0050% per settlement over the past 30 days.
Is the S perpetual trading above or below spot?
Below. On the 5 exchanges that publish an index price, the S perpetual's mark price is 0.0523% to 0.1568% below the spot index. Exchanges combine this discount with a small interest component to set the next funding rate, so a lasting discount pulls funding down, although many contracts stay at the default +0.0100% until the discount is large.
Which exchange was cheapest for holding S over the last 90 days?
Over the last 90 days a $10,000 long received $86.33 in funding on OKX, the cheapest of 5 exchanges, and paid $155.41 on Bybit, the most expensive: a difference of $241.74.
The ranking runs the other way for shorts: a $10,000 short received $155.41 on Bybit, the best exchange for a short.
OKX was also the cheapest for longs over the last 7 and 30 days, so the ranking has held.
Which exchange has the most S perpetual trading volume?
Binance has the most: 58.0% of the $42.7M in S perpetual futures traded across these exchanges in the last 24 hours, followed by Bybit with 20.6%.
Open interest adds up to $21.6M on the exchanges that report it, the largest share on Binance (41.7%).
When is the next S funding payment?
Binance, OKX, Bybit, Bitget and Gate: every 4 hours, next at 2026-10-21 04:00 UTC.
Only positions that are open at the settlement time pay or receive funding.
What was the highest S funding rate in the last 30 days?
The highest settled rate was +0.0050% on Bitget (2026-10-21 00:00 UTC); the lowest was -0.0392% on Bybit (2026-09-24 08:00 UTC).
On Binance the rate switched between positive and negative 49 times over the 30 days.
How much has S funding cost over the past 30 days?
At the funding rates each exchange published, holding a $10,000 long for the past 30 days would have cost -$31.19 on OKX, the least, and $56.77 on Bitget, the most.
Over the past 90 days it would have cost -$86.33 on OKX, the least, and $155.41 on Bybit, the most.
A negative amount means the long position was paid funding instead of charged.
Funding rates are reset at every settlement, so these answers describe today's market, not a forecast.