PEP Funding Rate
PEP perpetual funding on 4 exchanges: the current rate, annualized, what was actually paid and the payment history. Positive means longs pay shorts.
Updated · How we count
PEP funding rate on every exchange
| Exchange | Rate per 8 h | Per period | Predicted | By premium | Annual | 1 day · 7 days · 30 days | Next payment | 24h volume | ||
|---|---|---|---|---|---|---|---|---|---|---|
 WEEX8 hbest long | −0.0027% | −0.0027% | — | +0.0100% | −2.9% | −0.0091% | −0.0421% | −0.103% | $60.1K | |
 HTX8 h | 0.0000% | 0.0000% | — | — | 0.0% | 0.0000% | 0.0000% | 0.0000% | $158.3K | |
 Bybit8 hbest short | 0.0000% | 0.0000% | — | +0.0100% | 0.0% | 0.0000% | 0.0000% | +0.409% | $786.8K | |
 Extended1 h | +0.0040% | +0.0005% | — | +0.0013% | 4.4% | +0.0120% | +0.0880% | +0.364% | — | |
What PEP funding actually paid
Over 7 days, a PEP long paid +0.0115% on average across exchanges (0.6% a year). The most on Extended (+0.0880%), the least on WEEX (−0.0421%).
Over 30 days, a PEP long paid +0.167% on average across exchanges (2.0% a year). The most on Bybit (+0.409%), the least on WEEX (−0.103%).
PEP funding rate history chart
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PEP funding arbitrage right now
Among the exchanges that publish a 24h volume, the lowest rate now is on WEEX (−0.0027% per 8 h), the highest on Bybit (0.0000%). Long on WEEX and short on Bybit, price hedged: a difference of 2.9% a year before fees and before the rates move.
Rates only. The price spread between the two perps, fees to enter and exit, book depth and whether the rate holds are in the futures screener →
PEP perpetual futures by exchange
BybitPEP/USDT:USDT$135.6350$786.8KHTXPEP/USDT:USDT$134.5400$158.3KWEEXPEP/USDT:USDT$135.9100$60.1KExtendedPEP/USDC:USDC$135.7750—FAQ
- What is the PEP funding rate?
A periodic payment between long and short holders of PEP perpetual futures that keeps the contract price near spot. When the rate is positive, longs pay shorts; when negative, shorts pay longs. Right now it ranges from −0.0027% to 0.0000% per 8 hours across 4 exchanges.
- How often is PEP funding paid?
Every 8 hours on most exchanges, every 1–4 hours on some (Hyperliquid pays hourly). The table shows each exchange's interval and the time to the next payment.
- Why is the PEP funding rate different on each exchange?
Each exchange computes it from its own premium of perpetual over index price and its own interval and caps. The difference is what funding arbitrage earns: short where funding is highest, long where it is lowest.
- Does a high APR mean high profit?
No. APR extrapolates the current rate over a year, and rates change every period. Compare it with what was actually paid over 7 and 30 days in the table above.