USDC funding rate explained
Right now USDC perpetual futures trade on 7 exchanges we track. The highest funding is on Bitget at +0.030% per day, the lowest on Binance at -0.008%. The average across all venues is +0.008% per day, or about +2.7% a year. Positive funding means USDC longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.038% per day. A delta-neutral position that shorts USDC on Bitget and goes long on Binance would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live USDC arbitrage board for the price side of the trade.
Settlement intervals differ: USDC funding is paid every 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: USDC arbitrage · USDC price · funding rates for all coins.