S funding rate
Binance
-0.0016%
- Annualized
- -3.47%
- 7d avg (annual)
- +6.28%
- Next settlement
- · 4h
- Paid by longs over 30 days
- +0.588%
- Mark price
- 0.039551
- Contract
- SUSDT
OKX
+0.0040%
- Annualized
- +8.78%
- 7d avg (annual)
- +4.08%
- Next settlement
- · 4h
- Paid by longs over 30 days
- +0.046%
- Mark price
- 0.03956
- Contract
- S-USDT-SWAP
Funding rate history (annualized, 30 days)
S funding rate statistics, last 30 days
| Exchange | Settlements | Average (ann.) | Highest (ann.) | Lowest (ann.) | Positive share | Paid by longs over 30 days |
|---|---|---|---|---|---|---|
| Binance | 180 | +7.2% | +11.0% Sep 3, 2026 | -30.7% Oct 1, 2026 | 84% | +0.588% |
| OKX | 101 | +1.0% | +11.0% Sep 16, 2026 | -38.4% Oct 1, 2026 | 63% | +0.046% |
What the S funding rate means now
The S perpetual on Binance currently pays -0.0016% every 4 hours, about -3.5% annualized. The rate is negative, so shorts pay longs at each settlement. Over the past 7 days the settled rate averaged +6.3% annualized.
On OKX the S perpetual pays +0.0040% every 4 hours, about +8.8% annualized. The 7-day average is +4.1%.
The current annualized gap between the two exchanges is 12.2%. Treat it as a reference only: arbitrage returns are reduced by fees and slippage, and rates and liquidation risk change every period.
You only pay or receive funding if you hold a position at the settlement time. Rates update every few minutes; check the exchange before trading.
S on Binance and OKX →Liquidation price calculator →Funding rates: Binance vs OKX →