· four exchange APIs · rebuilt daily
ETH perpetual funding rate September 2026 venue comparison
The finding
Bybit offers the lowest holding cost for ETH long positions with a -0.0051% 8-hour rate across major exchanges.
Bitget charges the highest long rate at +0.0100% per 8-hour interval.
The cross-exchange rate spread for ETH perpetuals stands at 0.0151 percentage points.
ETH 24-hour perp trading volume reached $8,989,048,279 across active venues.
ETH perpetual funding rate September 2026 exchange rates
Traders analyzing the eth perpetual funding rate september 2026 landscape face distinct rate structures across derivative venues. Funding fees clear every eight hours to keep perpetual swap prices anchored to the spot market price.
When perpetual prices trade above spot, long position holders pay short position holders. When perpetual prices trade below spot, funding flips negative, meaning short position holders pay long position holders.
The table below lists current normalized 8-hour funding rates and default trading fees across venues for ETH contracts.
| Exchange | 8-Hour Funding Rate | Maker Fee | Taker Fee | Long Position Yield / Cost |
|---|---|---|---|---|
| Bybit | -0.0051% | 0.020% | 0.055% | Receives funding |
| OKX | +0.0010% | 0.020% | 0.050% | Pays funding |
| MEXC | +0.0012% | 0.000% | 0.020% | Pays funding |
| Bitget | +0.0100% | 0.020% | 0.030% | Pays funding |
Bybit is the only venue among the four where long positions currently collect funding payments from shorts. Bitget has the highest positive funding rate at +0.0100% per settlement interval.
Worth knowing
Negative funding rates pay long positions directly from short account balances at each eight-hour settlement timestamp.
Eight-hour settlement mechanics and position cost arithmetic
Funding calculations apply directly to total position notionals rather than margin equity. A trader holding a 10,000 USD ETH position experiences three funding settlements every 24 hours.
On Bybit, a -0.0051% rate on 10,000 USD yields 0.51 USD per eight hours. Over 24 hours, the long position receives 1.53 USD.
On Bitget, a +0.0100% rate on 10,000 USD costs 1.00 USD per eight hours. Over 24 hours, the long position pays 3.00 USD.
The difference between holding that long position on Bybit versus Bitget amounts to 4.53 USD per day. Over a 30-day holding period, the cumulative funding difference reaches 135.90 USD on a 10,000 USD position.
Where this goes wrong
High leverage magnifies funding costs relative to account equity, causing account depletion even when mark price remains flat.
Taker entry costs compared with ongoing funding drag
Execution fees affect initial position balance before any funding settlements occur. Entry and exit taker fees vary across venues from 0.020% to 0.055%.
Opening a 10,000 USD ETH position on MEXC costs 2.00 USD at the 0.020% taker fee. Opening the same position on Bybit costs 5.50 USD at the 0.055% taker fee.
On Bitget, entry costs 3.00 USD at the 0.030% taker fee, but the position pays 3.00 USD daily in funding. The higher daily funding rate on Bitget exceeds the initial fee gap relative to Bybit after two days of holding.
What to do instead
Calculate total holding costs by adding round-trip taker fees to projected 8-hour funding payments across your target holding duration.
Settlement failure and liquidation thresholds
Funding payments deduct automatically from account margin balances at settlement times. If margin balances fall near maintenance requirements, funding deductions can trigger immediate position liquidation.
Exchanges execute liquidations when margin ratios breach required limits. Forced liquidation incurs additional exchange penalty fees and closes the position at market price.
Across $8,989,048,279 in 24-hour volume, liquidations occur rapidly during sharp price movements. Keeping excess margin prevents unexpected liquidation caused solely by funding rate debits.
What is the current ETH perpetual funding rate spread between exchanges?
The funding rate spread across tracked venues is 0.0151 percentage points per 8-hour interval. Bybit offers the lowest rate for long positions at -0.0051%, while Bitget charges the highest rate at +0.0100%.
How often do ETH perpetual contracts settle funding payments?
Perpetual funding rates settle every eight hours, resulting in three funding intervals per 24-hour period. Settlements occur automatically based on account position size at each timestamp.
Which venue is cheapest to hold an ETH long position right now?
Bybit is the cheapest venue for holding an ETH long position because its negative funding rate of -0.0051% pays long holders. Other exchanges charge positive funding rates on long positions.
How do trading fees impact total ETH position cost compared to funding?
Taker entry fees range from 0.020% on MEXC to 0.055% on Bybit. While entry fees are paid once, continuous funding payments can surpass initial execution costs within a few days of holding.