Funding rate 8h vs 1h. Same number. Different rate.
Funding rate 8h vs 1h: every venue publishes the rate for its own interval, so the same number is not the same rate. Of the 525 perpetual listings DEBYKO collects, 203 settle every hour, 42 every 4 hours, 218 every 8 hours and 62 accrue continuously with a rate per period.
One perpetual on a 1 h venue and an 8 h venue.
BTC at 2026-10-08 12:17 UTC, as stored: of the instants at which both rates were current and positive, the one where the rate over 8 hours on Kraken Futures was furthest above the one on Binance USD-M Futures. Kraken Futures (PF_XBTUSD) published 0.0021% for 1 hour, which is 0.0164% over 8 hours. Binance USD-M Futures (BTCUSDT) published 0.0010% for 8 hours.
Compared as published: 0.0021% against 0.0010%. Compared over 8 hours: 0.0164% against 0.0010%. The same nominal 0.0010%, published by an hourly venue, would be 0.0082% over 8 hours.
Funding rate 8h vs 1h, on average.
The mean rate of every current sample of the compared perpetuals, by the listing's interval: as the venues published it, and restated over 8 hours.
| Interval | Listings | Samples | Mean as published | Mean over 8 h |
|---|---|---|---|---|
| 1h | 30 | 2,837 | 0.0009% | 0.0071% |
| 8h | 55 | 4,337 | 0.0038% | 0.0038% |
| continuous | 7 | 609 | 0.0009% | 0.0069% |
Every venue's funding interval.
| Venue | Mode | Intervals | Rate unit | Source | No interval | Listings |
|---|---|---|---|---|---|---|
| ASTER-PERP | settled | 4h × 5, 8h × 21 | — | venue | 0 | 26 |
| AVANTIS-PERP | continuous | 1h × 45 | per_hour | documentation | 0 | 45 |
| BINANCE-USDM | settled | 4h × 7, 8h × 35 | — | venue | 0 | 42 |
| BITGET-PERP | settled | 4h × 4, 8h × 21 | — | venue | 0 | 25 |
| BYBIT-PERP | settled | 4h × 8, 8h × 35 | — | venue | 0 | 43 |
| COINBASE-INTX | settled | 1h × 24 | — | venue | 0 | 24 |
| DYDX-PERP | settled | 1h × 25 | — | documentation | 0 | 25 |
| GATE-PERP | settled | 4h × 4, 8h × 20 | — | venue | 0 | 24 |
| GMX-PERP | continuous | 1h × 17 | per_hour | documentation | 0 | 17 |
| HYPERLIQUID | settled | 1h × 24 | — | venue | 0 | 24 |
| KRAKEN-FUTURES | settled | 1h × 98 | — | documentation | 0 | 98 |
| MEXC-PERP | settled | 4h × 8, 8h × 36 | — | venue | 0 | 44 |
| NADO-PERP | settled | 1h × 22 | — | documentation | 0 | 22 |
| OKX-PERP | settled | 4h × 1, 8h × 28 | — | venue | 0 | 29 |
| SYNTHETIX-PERP | settled | 1h × 10 | — | venue | 0 | 10 |
| WEEX-FUTURES | settled | 4h × 5, 8h × 22 | — | venue | 0 | 27 |
How this was measured.
- Data window: 2026-09-20 00:00 UTC to 2026-10-09 00:00 UTC, 19 days. The job asks for 30 days; stored history of the sampled listings begins later.
- Computed at: 2026-10-09 19:44 UTC, by a job that recomputes the note on the first of every month.
The intervals and units are the registry's at the computation: funding_interval, its source, and on a continuous venue funding_rate_unit, as GET /v2/instruments answers them. The worked example and the means are stored samples of the funding comparison's perpetuals, each current by the same rules as a live answer; funding_8h = funding × 8 h / the listing's interval in the registry.