Q Funding Rate & Schedule
Q perpetual futures funding rate on 4 exchanges: Bybit, BingX, Binance, MEXC. 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 2026-10-17 23:59 UTC, from the exchanges' public endpoints.
- • Cheapest for longs: Bybit (8h equivalent −0.6656%).
- • Best for shorts: MEXC (8h equivalent −0.4118%).
- • Cross-exchange spread: 0.2538% per 8h.
- • Next collection: Bybit at 00:00 UTC (−0.3328%, shorts pay longs).
- • Collection intervals: every 4h.
Q — funding by exchange
| Exchange | Next rate | Who pays | Interval | Next collection | 8h equiv. | Annual | 24h volume | |
|---|---|---|---|---|---|---|---|---|
| Bybit | −0.3328% | ▼ shorts pay | every 4h | 00:00 UTC | −0.6656% | −728.8% | $175.6M | |
| BingX | −0.3231% | ▼ shorts pay | every 4h | 00:00 UTC | −0.6462% | −707.6% | $15.6M | |
| Binance | −0.2066% | ▼ shorts pay | every 4h | 00:00 UTC | −0.4133% | −452.5% | $850.2M | |
| MEXC | −0.2059% | ▼ shorts pay | every 4h | 00:00 UTC | −0.4118% | −450.9% | $6.9M |
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.
Frequently asked questions
What is the Q funding rate?
A periodic payment between long and short holders of the Q 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 Q funding collected?
It depends on the exchange: Bybit 4h, BingX 4h, Binance 4h, MEXC 4h. Use the "8h equivalent" column to compare different intervals.
Which exchange has the lowest Q funding?
At the last refresh the lowest 8h equivalent for longs was Bybit (−0.6656%) and the highest for shorts MEXC (−0.4118%). Rates change during the period and are fixed at collection.
How is Q funding calculated?
Payment = position size × funding rate. A 10,000 USDT Q long at 0.01% pays 1 USDT at collection. Leverage doesn't change the payment; position size does. Highest 24h volume is on Binance ($850.2M).
Funding rates for other pairs
Guide: What Is the Funding Rate? How It's Calculated and When It's Paid · Funding Rate Arbitrage: Reading Cross-Exchange Funding Spreads