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TRUMP funding rates vary by 0.0251 percentage points per 8 hours across venues, creating a daily carry difference of 75.30 USD per 100,000 USD long position.
Across six tracked perpetual futures markets, funding rate spreads across venues reach up to 0.0251 percentage points per 8-hour interval on TRUMP and 0.0111 percentage points on SOL. Perpetual futures contracts use funding payments to anchor contract prices to the underlying spot market. Every 8 hours, three times per day, position holders either pay or receive funding based on position side and the prevailing rate. A positive funding rate means long positions pay short positions. A negative funding rate means short positions pay long positions.
When rate divergence occurs across exchanges for identical assets, holding costs diverge substantially. A trader maintaining a long position on a venue with negative funding receives funding payments, whereas holding the same long position on a venue with positive funding incurs a daily charge. Over multi-day holding periods, funding rate differentials can outweigh execution cost differences.
The table below details current 8-hour funding rates, total 24-hour trading volumes, 8-hour spreads, and the lowest-cost exchange for holding a long position.
| Market | 24h Volume (USD) | OKX Funding | MEXC Funding | Bitget Funding | 8h Rate Spread | Lowest Cost Long |
|---|---|---|---|---|---|---|
| ETH | 8,201,626,730 | +0.0037% | +0.0034% | +0.0100% | 0.0066% | MEXC |
| BTC | 5,292,923,337 | +0.0083% | +0.0100% | +0.0100% | 0.0017% | OKX |
| SOL | 1,438,655,195 | -0.0073% | -0.0040% | +0.0038% | 0.0111% | OKX |
| ZEC | 736,265,378 | +0.0100% | -0.0013% | +0.0100% | 0.0113% | MEXC |
| XRP | 485,020,995 | +0.0038% | +0.0034% | +0.0088% | 0.0054% | MEXC |
| TRUMP | 408,924,568 | -0.0369% | N/A | -0.0118% | 0.0251% | OKX |
To see how funding impacts balance over time, consider a 100,000 USD long position in TRUMP. On OKX, the funding rate is -0.0369% per 8 hours. Because the rate is negative, the long position receives funding payments. In one 8-hour interval, the position receives 36.90 USD (100,000 multiplied by 0.000369). Across three intervals in 24 hours, the position receives 110.70 USD.
On Bitget, the TRUMP funding rate is -0.0118% per 8 hours. The same 100,000 USD long position receives 11.80 USD per interval (100,000 multiplied by 0.000118). Across 24 hours, the position receives 35.40 USD. Holding the position on OKX collects 75.30 USD more per day in funding payments than holding on Bitget (110.70 USD minus 35.40 USD).
For SOL perps, OKX lists a rate of -0.0073% per 8 hours, while Bitget lists +0.0038%. For a 100,000 USD long position:
The total daily carry gap between OKX and Bitget on a 100,000 USD SOL long position is 33.30 USD (21.90 USD received on OKX plus 11.40 USD saved versus Bitget).
Carrying costs must be weighed against opening and closing transaction fees. Exchange fee schedules set baseline trading costs for maker and taker orders.
| Exchange | Futures Maker Fee | Futures Taker Fee | Spot Maker Fee | Spot Taker Fee |
|---|---|---|---|---|
| MEXC | 0.0000 (0.00%) | 0.0002 (0.02%) | 0.0000 (0.00%) | 0.0005 (0.05%) |
| Bitget | 0.0002 (0.02%) | 0.0003 (0.03%) | 0.0010 (0.10%) | 0.0010 (0.10%) |
| OKX | 0.0002 (0.02%) | 0.0005 (0.05%) | 0.0008 (0.08%) | 0.0010 (0.10%) |
| Bybit | 0.0002 (0.02%) | 0.00055 (0.055%) | 0.0010 (0.10%) | 0.0010 (0.10%) |
Opening and closing a 100,000 USD position via taker orders requires two fee transactions:
For short-term holding periods, fee differences dictate overall trade costs. On a 100,000 USD taker order, trading on MEXC costs 70.00 USD less in total transaction fees compared to Bybit. For maker orders, MEXC charges 0.00% maker fees, compared to 0.02% across Bitget, OKX, and Bybit. A maker round trip on a 100,000 USD position costs 0.00 USD on MEXC versus 40.00 USD on other venues.
Funding rate advantages do not neutralize market exposure or liquidation risk. A trader taking position leverage must evaluate liquidation thresholds relative to adverse price movements. At 20x leverage, a margin position requires an initial margin threshold where an adverse price movement of 4.5% results in liquidation and total loss of allocated margin.
Accumulated funding payments alter margin balances slowly relative to spot volatility. A negative funding payment received on an open position improves margin balance by fractions of a percent per day, but a rapid 5.0% price drop against the position direction triggers immediate liquidation before funding accrual materializes. Position survival depends on market directional movements rather than minor rate differentials.
Holding a position across venue splits requires matching net funding gains against entry and exit fee overhead. Positions held under 24 hours are primarily sensitive to execution fees, whereas multi-day positions are heavily driven by cumulative 8-hour funding rates.
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