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Funding rates · S-USDT

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

5 exchanges

-$270.00

$10.0k · 30 days · 1x Long

ExchangeGateWide selection
of your margin-2.70%
Open a Gate account Referral link · 20% off trading fees

Last 24 settlements

5 exchanges
GateWide selection-0.0150%
BybitDerivatives-0.0069%
BinanceDeep liquidity-0.0050%
OKXTrading tools+0.0039%
BitgetCopy trading+0.0050%

The 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

5 exchanges
#Exchange24h volume Funding rateAnnualised Bid-ask spread Cost for a long
1 GateWide selection Cheapest $444.5k -0.0150%/4h -32.85% 0.0523% -$270.00
2 BybitDerivatives $8.8M -0.0069%/4h -15.14% 0.0174% -$124.40
3 BinanceDeep liquidity $24.8M -0.0050%/4h -10.95% 0.0174% -$90.02
4 OKXTrading tools $5.8M +0.0039%/4h 8.62% 0.0174% +$70.82
5 BitgetCopy trading $2.9M +0.0050%/4h 10.95% 0.0523% +$90.00
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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.

OKX -$86.33
Bitget +$30.16
Binance +$85.48
Gate +$138.01
Bybit +$155.41

S-USDT

S funding rate history: last 90 days

Download CSV

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
OKX 180 /4h -$22.31 -$31.19 -$86.33 -3.79% 49% -0.0382% / +0.0050%
Binance 180 /4h -$11.52 +$16.20 +$85.48 1.97% 63% -0.0149% / +0.0050%
Gate 180 /4h -$10.69 +$26.67 +$138.01 3.24% 78% -0.0389% / +0.0050%
Bybit 180 /4h -$2.86 +$29.98 +$155.41 3.65% 81% -0.0392% / +0.0050%
Bitget 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) OKXBinanceGateBybitBitget
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.

Funding rates for other perpetual contracts