MP funding rate

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

Connecting…

Highest (24h)+0.283%KuCoin

Lowest (24h)0.000%HTX

Average (24h)+0.179%across 4 venues

Funding gap (24h)+0.283%short the highest, long the lowest

ExchangeFundingIntervalNext in24hAPRMarkvs indexVolume

KuCoinCEX · MPUSDTM+0.0944%8h06:13:58+0.283%+103.4%$47.00+0.320%$528.6K

BinanceCEX · MPUSDT+0.0725%8h—+0.218%+79.4%$46.95+0.200%—

BitgetCEX · MPUSDT+0.0722%8h—+0.217%+79.1%$46.97+0.272%$321.9K

HTXCEX · MP-USDT0.0000%8h06:13:580.000%0.0%——$9.5K

MP funding rate explained

Right now MerlinSwap (MP) perpetual futures trade on 4 exchanges we track. The highest funding is on KuCoin at +0.283% per day, the lowest on HTX at 0.000%. The average across all venues is +0.179% per day, or about +65.5% a year. Positive funding means MP longs are paying shorts — the market is leaning long.

The gap between the highest and lowest venue is +0.283% per day. A delta-neutral position that shorts MP on KuCoin and goes long on HTX would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live MP arbitrage board for the price side of the trade.

Settlement intervals differ: MP 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.

What is the MP funding rate today?

The average MP funding rate across 4 exchanges is +0.179% per 24 hours. It ranges from 0.000% on HTX to +0.283% on KuCoin. Rates update every few seconds on this page.

Which exchange has the highest MP funding rate?

KuCoin currently has the highest MP funding at +0.283% per day, and HTX the lowest at 0.000%.

How often is MP funding paid?

MP perpetuals settle funding every 8 hours, depending on the exchange. The table shows each venue's interval and a countdown to the next payment.

Is MP funding positive or negative?

On average it is positive (+0.179% per day): longs pay shorts.