MXL Funding Rate & Schedule
MXL perpetual futures funding rate on 2 exchanges: BingX, Bybit. Each exchange's next rate, how often it is collected, the next collection time, the 8-hour equivalent and 24h volume are below. Data as of 2026-10-29 10:59 UTC, from the exchanges' public endpoints.
- • Cheapest for longs: BingX (8h equivalent −0.0050%).
- • Best for shorts: Bybit (8h equivalent 0.0000%).
- • Cross-exchange spread: 0.0050% per 8h.
- • Next collection: BingX at 16:00 UTC (−0.0050%, shorts pay longs).
- • Collection intervals: every 8h.
Where MXL stands
- • MXL ranks #609 by 24h volume among 944 pairs listed on at least two exchanges.
- • Average 8h equivalent across exchanges is −0.0025% (shorts pay) — #823 of 944 from the highest.
- • Cross-exchange spread is 0.0050% (8h), #503 by spread — a wider spread means more arbitrage room.
MXL — funding by exchange
| Exchange | Next rate | Who pays | Interval | Next collection | 8h equiv. | Annual | 24h volume | |
|---|---|---|---|---|---|---|---|---|
| BingX | −0.0050% | ▼ shorts pay | every 8h | 16:00 UTC | −0.0050% | −5.5% | $1.6M | |
| Bybit | 0.0000% | none | every 8h | 16:00 UTC | 0.0000% | 0.0% | $106K |
The rate updates during the period and is fixed at collection. The 8h equivalent compares different intervals fairly (0.01% every 4h = 0.02% per 8h). Source: the exchanges' public endpoints.
MXL funding history — last 30 days
- • MXL's average funding on Bybit over the last 7 days is −0.0326% per 8h (about −35.7% a year), across 21 collections.
- • Over the same period the 8h equivalent ranged from −0.5991% to 0.0000%; the rate was positive (longs paid) in 0% of collections.
- • The 7-day average is −0.0342%: close to the 30-day average.
- • The current rate (0.0000%) is at the low end of the last 30 days: higher than 10% of the last 30 days' collections.
| Exchange | 7d avg (8h) | 30d avg (8h) | 30d low | 30d high | Positive collections |
|---|---|---|---|---|---|
| Bybit | −0.0342% | −0.0326% | −0.5991% | 0.0000% | 0% (21 collections) |
Settled collections from the exchanges' public history endpoints (refreshed every 6 hours). Averages are time-weighted; intervals converted to the 8h equivalent.
MXL — latest announcements and news
Frequently asked questions
What is the MXL funding rate?
A periodic payment between long and short holders of the MXL perpetual contract. If the rate is positive, longs pay shorts; if negative, shorts pay longs. It keeps the perpetual price close to spot.
How often is MXL funding collected?
It depends on the exchange: BingX 8h, Bybit 8h. Use the "8h equivalent" column to compare different intervals.
Which exchange has the lowest MXL funding?
At the last refresh the lowest 8h equivalent for longs was BingX (−0.0050%) and the highest for shorts Bybit (0.0000%). Rates change during the period and are fixed at collection.
How is MXL funding calculated?
Payment = position size × funding rate. A 10,000 USDT MXL long at 0.01% pays 1 USDT at collection. Leverage doesn't change the payment; position size does. Highest 24h volume is on BingX ($1.6M).
What was MXL's average funding over the last 30 days?
MXL's average funding on Bybit over the last 7 days is −0.0326% per 8h (about −35.7% a year), across 21 collections. Over the same period the 8h equivalent ranged from −0.5991% to 0.0000%; the rate was positive (longs paid) in 0% of collections.
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