DRIFT funding rate

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

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Highest (24h)+0.076%Gate

Lowest (24h)+0.030%KuCoin

Average (24h)+0.039%across 7 venues

Funding gap (24h)+0.046%short the highest, long the lowest

ExchangeFundingIntervalNext in24hAPRMarkvs indexVolume

GateCEX · DRIFT_USDT+0.0127%4h03:01:40+0.076%+27.8%$0.01920.000%$258.2K

VariationalCEX · DRIFT+0.0077%4h—+0.046%+16.8%$0.0193—$3.9K

BinanceCEX · DRIFTUSDT+0.0050%4h—+0.030%+10.9%$0.0193+0.267%—

BybitCEX · DRIFTUSDT+0.0050%4h—+0.030%+10.9%$0.0193+0.213%$441.8K

BitgetCEX · DRIFTUSDT+0.0050%4h—+0.030%+10.9%$0.0193+0.250%$45.1K

MEXCCEX · DRIFT_USDT+0.0050%4h03:01:40+0.030%+10.9%$0.0194+0.831%$97.4K

KuCoinCEX · DRIFTUSDTM+0.0050%4h03:01:40+0.030%+10.9%$0.0192-0.052%$55.4K

DRIFT funding rate explained

Right now Drift Protocol (DRIFT) perpetual futures trade on 7 exchanges we track. The highest funding is on Gate at +0.076% per day, the lowest on KuCoin at +0.030%. The average across all venues is +0.039% per day, or about +14.2% a year. Positive funding means DRIFT longs are paying shorts — the market is leaning long.

The gap between the highest and lowest venue is +0.046% per day. A delta-neutral position that shorts DRIFT on Gate 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 DRIFT arbitrage board for the price side of the trade.

Settlement intervals differ: DRIFT 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 DRIFT funding rate today?

The average DRIFT funding rate across 7 exchanges is +0.039% per 24 hours. It ranges from +0.030% on KuCoin to +0.076% on Gate. Rates update every few seconds on this page.

Which exchange has the highest DRIFT funding rate?

Gate currently has the highest DRIFT funding at +0.076% per day, and KuCoin the lowest at +0.030%.

How often is DRIFT funding paid?

DRIFT 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 DRIFT funding positive or negative?

On average it is positive (+0.039% per day): longs pay shorts.