Bybit Funding Rates — live across 448 markets
CEX_PERPS · 8h funding interval (majority) · paired against 30 other venues · updated every few minutesLive annualized funding for every Bybit perpetual market Perpia scans. Right now 269 of 448 markets pay positive funding (longs pay shorts) and 102 pay negative, with a median of +10.6%. The widest delta-neutral spread involving Bybit on a market with real depth is ERA: long Gate.io / short Bybit at 452.4% net APR.
Bybit at a glance
venue registryFees are the venue's published default tiers — the ones Perpia uses when a market has no per-market override. Volume and open interest are venue-wide, not per market. Bybit website ↗
Bybit funding rate history
last 30 days · annualizedOver the last 30 days ERA on Bybit averaged -76.1% annualized, ranging from -500.0% to +10.9%; funding was positive 63% of the time. Over the last 30 days BIRB on Bybit averaged +11.4% annualized, ranging from -392.3% to +472.1%; funding was positive 78% of the time. Over the last 30 days MEW on Bybit averaged -6.9% annualized, ranging from -499.2% to +10.9%; funding was positive 88% of the time. Rates are sampled per settlement and annualized, so venues on different intervals stay comparable. A market that spends most of its time on one side of zero is the one worth holding; a rate that crosses zero often pays only while you watch it.
Highest funding on Bybit
longs pay shortsMost negative funding on Bybit
shorts pay longsBest Bybit funding spreads
2,035 pairs scanned · net of fees| Market | Long | Short | Net APR | Thin leg vol | Max size |
|---|---|---|---|---|---|
| ERA | KuCoin | Bybit | 477.3% | $858K | — |
| MVLL | Bybit | KuCoin | 467.3% | $580K | — |
| TER | Paragon | Bybit | 466.2% | $21K | — |
| ERA | Gate.io | Bybit | 452.4% | $4.5M | — |
| BIRB | Bybit | MEXC | 443.7% | $1.0M | — |
| BIRB | Bybit | Binance | 443.4% | $8.7M | — |
| ERA | Binance | Bybit | 440.4% | $25.5M | — |
| ERA | MEXC | Bybit | 439.9% | $449K | — |
| MEW | Bybit | BingX | 434.5% | $8.5M | — |
| BIRB | Bybit | BingX | 433.9% | $967K | — |
| MELI | Bybit | Paragon | 431.3% | $16K | — |
| DRV | Bybit | Paragon | 430.7% | $209K | — |
Net APR is the gross funding spread minus entry and exit fees, both legs' bid/ask spread and estimated slippage. “Max size” is shown only where real order-book depth was available; a dash means the cap is a placeholder, not a measurement.
Bybit versus other exchanges
most shared markets firstThe exchanges Bybit currently shares the most markets with. Each pair has its own page with the live spread between the two.
Bybit funding — FAQ
What is the funding rate on Bybit right now?
Across the 448 Bybit perpetual markets Perpia tracks, the median annualized funding is +10.6%. 269 markets currently pay positive funding (longs pay shorts) and 102 pay negative. The highest is TBT at +1232.1%.
How often does Bybit pay funding?
Most Bybit markets settle funding every 8 hours (245 of 448); the rest use 4h / 1h. Perpia annualizes every rate, so intervals do not distort the comparison.
What is the best Bybit funding arbitrage right now?
Long Gate.io and short Bybit on ERA, worth about 452.4% net APR after estimated fees — the widest delta-neutral spread involving Bybit on a market with at least $1M of 24h volume on the smaller leg in the current snapshot.
How to read a venue funding rate
Funding is a recurring payment between the long and short side of a perpetual, set by each venue from its own perp-versus-spot basis. A positive rate means longs pay shorts. Because every exchange computes it independently — different intervals, clamps and premium windows — the same market can pay positive funding here and negative elsewhere, which is what a delta-neutral funding trade harvests. Perpia annualizes every rate so venues on 1h, 4h and 8h intervals are directly comparable. See the methodology for the exact calculation.