T Funding Rate & Schedule
T perpetual futures funding rate on 3 exchanges: MEXC, Binance, 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 2026-10-18 16:01 UTC, from the exchanges' public endpoints.
- • Cheapest for longs: MEXC (8h equivalent −0.0212%).
- • Best for shorts: Bybit (8h equivalent +0.0100%).
- • Cross-exchange spread: 0.0312% per 8h.
- • Next collection: MEXC at 20:00 UTC (−0.0106%, shorts pay longs).
- • Collection intervals: every 4h.
Where T stands
- • T ranks #588 by 24h volume among 922 pairs listed on at least two exchanges.
- • Average 8h equivalent across exchanges is −0.0107% (shorts pay) — #754 of 922 from the highest.
- • Cross-exchange spread is 0.0312% (8h), #236 by spread — a wider spread means more arbitrage room.
T — funding by exchange
| Exchange | Next rate | Who pays | Interval | Next collection | 8h equiv. | Annual | 24h volume | |
|---|---|---|---|---|---|---|---|---|
| MEXC | −0.0106% | ▼ shorts pay | every 4h | 20:00 UTC | −0.0212% | −23.2% | $112K | |
| Binance | −0.0104% | ▼ shorts pay | every 4h | 20:00 UTC | −0.0208% | −22.8% | $1.4M | |
| Bybit | +0.0050% | ▲ longs pay | every 4h | 20:00 UTC | +0.0100% | +10.9% | $299K |
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 T funding rate?
A periodic payment between long and short holders of the T 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 T funding collected?
It depends on the exchange: MEXC 4h, Binance 4h, Bybit 4h. Use the "8h equivalent" column to compare different intervals.
Which exchange has the lowest T funding?
At the last refresh the lowest 8h equivalent for longs was MEXC (−0.0212%) and the highest for shorts Bybit (+0.0100%). Rates change during the period and are fixed at collection.
How is T funding calculated?
Payment = position size × funding rate. A 10,000 USDT T long at 0.01% pays 1 USDT at collection. Leverage doesn't change the payment; position size does. Highest 24h volume is on Binance ($1.4M).
Pairs with funding similar to T
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