S funding rates and arbitrage
Updated 2026-10-29 17:29 UTC
Best S arbitrage after every cost
No S pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
S funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Crypto.com | SUSD-PERP | 0.0100% | 1 h | +87.8% | +35.4% | $6.4K | 2026-10-29 18:00 |
| KuCoin | SUSDTM | 0.0050% | 4 h | +10.9% | +0.3% | $1.7M | 2026-10-29 20:00 |
| WhiteBIT | S_PERP | 0.0050% | 4 h | +10.9% | +11.1% | $1.4M | 2026-10-29 20:00 |
| ApeX | S-USDT | 0.0013% | 1 h | +10.9% | +11.0% | $19.9K | 2026-10-29 18:00 |
| BingX | S-USDT | 0.0050% | 4 h | +10.9% | +2.7% | $1.3M | 2026-10-29 20:00 |
| Bybit | SUSDT | 0.0050% | 4 h | +10.9% | −1.4% | $4.4M | 2026-10-29 20:00 |
| Variational | S-PERP | 0.0050% | 4 h | +10.9% | — | $216.6K | 2026-10-29 20:00 |
| Gate | S_USDT | 0.0050% | 4 h | +10.9% | +4.1% | $124.8K | 2026-10-29 20:00 |
| Lighter | S | 0.0012% | 1 h | +10.5% | +10.5% | $104.7K | 2026-10-29 18:00 |
| BloFin | S-USDT | 0.0043% | 4 h | +9.5% | +18.3% | $258.5K | 2026-10-29 20:00 |
| OKX | S-USDT-SWAP | -0.0008% | 4 h | −1.7% | −2.6% | $1.2M | 2026-10-29 20:00 |
| BingX | NCSKS2USD-USDT | -0.0040% | 8 h | −4.4% | −4.6% | $286K | 2026-10-30 00:00 |
| Hyperliquid | S | -0.0006% | 1 h | −5.6% | −2.7% | $710K | 2026-10-29 18:00 |
| Bitunix | SUSDT | -0.0066% | 4 h | −14.5% | −5.0% | — | 2026-10-29 20:00 |
| Bitget | SUSDT | -0.0070% | 4 h | −15.3% | −11.5% | $1.4M | 2026-10-29 20:00 |
| Phemex | SUSDT | -0.0074% | 4 h | −16.3% | — | $1.3M | 2026-10-29 20:00 |
| MEXC | S_USDT | -0.0076% | 4 h | −16.6% | −5.2% | $3.2M | 2026-10-29 20:00 |
| Extended | S-USD | -0.0019% | 1 h | −16.6% | −5.4% | $98.7K | 2026-10-29 18:00 |
| WOO X | PERP_S_USDT | -0.0077% | 4 h | −16.8% | −5.1% | $60 | 2026-10-29 20:00 |
| LBank | SUSDT | -0.0077% | 4 h | −16.8% | — | — | 2026-10-29 20:00 |
| Binance | SUSDT | -0.0077% | 4 h | −16.8% | −5.3% | $6.1M | 2026-10-29 20:00 |
| Aster | SUSDT | -0.0182% | 4 h | −39.8% | +4.0% | $32.7K | 2026-10-29 20:00 |
| Backpack | S_USDC_PERP | -0.0113% | 1 h | −99.0% | −37.0% | $110.2K | 2026-10-29 18:00 |
Borrow S to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| OKX | 9.40% | — |
| Bybit | 10.80% | — |
| Binance | 14.18% | — |
| Gate | 15.48% | $30K |
| Bitget | 21.61% | — |
Cost to enter $10,000 of S
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | S_USDT | 7.6 bp | live order book |
| Binance | SUSDT | 14.6 bp | live order book |
| Bybit | SUSDT | 15.7 bp | live order book |
| BingX | S-USDT | 16.1 bp | live order book |
| Variational | S-PERP | 6.7 bp | top of book only |
| Extended | S-USD | 7.0 bp | top of book only |
| BloFin | S-USDT | 7.1 bp | top of book only |
| OKX | S-USDT-SWAP | 7.2 bp | top of book only |
| Bitget | SUSDT | 9.4 bp | top of book only |
| Aster | SUSDT | 10.7 bp | top of book only |
| KuCoin | SUSDTM | 11.6 bp | top of book only |
| Gate | S_USDT | 12.0 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on S
Questions
Is S funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no S pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest S funding rate?
Crypto.com at +87.8% a year (0.0100% every 1 h); the lowest is Backpack at −99.0%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.