THE funding rate

Live Thena perpetual funding on every connected exchange. Positive funding means longs pay shorts.

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Highest (24h)+0.081%MEXC

Lowest (24h)+0.030%KuCoin

Average (24h)+0.045%across 7 venues

Funding gap (24h)+0.051%short the highest, long the lowest

ExchangeFundingIntervalNext in24hAPRMarkvs indexVolume

MEXCCEX · THE_USDT+0.0135%4h00:20:04+0.081%+29.6%$0.0741+0.311%$97.9K

BinanceCEX · THEUSDT+0.0132%4h—+0.079%+28.9%$0.0741+0.246%—

AsterPerp DEX · THEUSDT+0.0059%4h—+0.035%+12.9%$0.074+0.066%—

BybitCEX · THEUSDT+0.0050%4h—+0.030%+10.9%$0.074+0.108%$25.1K

BitgetCEX · THEUSDT+0.0050%4h—+0.030%+10.9%$0.074+0.138%$100.7K

GateCEX · THE_USDT+0.0050%4h00:20:04+0.030%+10.9%$0.074-0.081%$42.4K

KuCoinCEX · THEUSDTM+0.0050%4h00:20:04+0.030%+10.9%$0.0741+0.095%$8.8K

THE funding rate explained

Right now Thena (THE) perpetual futures trade on 7 exchanges we track. The highest funding is on MEXC at +0.081% per day, the lowest on KuCoin at +0.030%. The average across all venues is +0.045% per day, or about +16.5% a year. Positive funding means THE longs are paying shorts — the market is leaning long.

The gap between the highest and lowest venue is +0.051% per day. A delta-neutral position that shorts THE on MEXC and goes long on KuCoin would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live THE arbitrage board for the price side of the trade.

Settlement intervals differ: THE funding is paid every 4 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.

What is the THE funding rate today?

The average THE funding rate across 7 exchanges is +0.045% per 24 hours. It ranges from +0.030% on KuCoin to +0.081% on MEXC. Rates update every few seconds on this page.

Which exchange has the highest THE funding rate?

MEXC currently has the highest THE funding at +0.081% per day, and KuCoin the lowest at +0.030%.

How often is THE funding paid?

THE perpetuals settle funding every 4 hours, depending on the exchange. The table shows each venue's interval and a countdown to the next payment.

Is THE funding positive or negative?

On average it is positive (+0.045% per day): longs pay shorts.