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MMT funding rate live

The open-interest-weighted MMT funding rate is 0.0430% per 8 hours (≈47% APR) across 6 perpetual markets, so longs pay shorts. The highest rate is 0.1966% on Bitget (MMTUSDT) and the lowest 0.0100% on Binance (MMTUSDT), a spread of 0.1866% per 8h (≈204% APR). These markets hold $10.96M of open interest. Rates are converted to an 8-hour equivalent so exchanges with different funding intervals compare directly.

Tracking for ~4h Updates every 5 s MMT overview

Funding, 8hOI-weighted
0.0430%
≈47% APRlongs pay shorts
HighestBitget
0.1966%
≈215% APRMMTUSDT
LowestBinance
0.0100%
≈11% APRMMTUSDT
Spread between exchanges
0.1866%
≈204% APRArbitrage →

MMT funding rate by exchange

8h equivalent · hover a rate for the exact APR
Market Funding 8h APR Who pays Open interest OI share 24h volume Price Trade
Binance MMTUSDT 0.0100% 11% Longs pay $6.23M 56.9% $13.60M 0.1818 Trade
Bitget MMTUSDT 0.1966% 215% Longs pay $1.88M 17.1% $1.60M 0.1822 Trade
Bybit MMTUSDT 0.0100% 11% Longs pay $1.16M 10.6% $3.01M 0.1815 Trade
MEXC MMT_USDT 0.0100% 11% Longs pay $725K 6.6% $380K 0.1817 Trade
KuCoin MMTUSDTM 0.0100% 11% Longs pay $627K 5.7% $281K 0.1817 Trade
Gate MMT_USDT 0.0456% 50% Longs pay $336K 3.1% $592K 0.1818 Trade

Sorted by open interest. Exchanges settle funding every 1, 4 or 8 hours; every rate here is converted to 8 hours. Trade links go to the exchange and may be referral links. Compare every coin on the funding rates page.

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MMT funding history

From recorded history, hourly

MMT funding has averaged 0.0319% per 8 hours since 13:15 UTC on 27 Sep (≈35% APR), positive in 100% of hourly readings, so longs mostly paid shorts.

MMT funding rate

OI-weighted, 8h

Chart: TradingView Lightweight Charts™

About the MMT funding rate

What is the MMT funding rate?

MMT perpetual futures never expire, so exchanges keep their price near spot with funding: a periodic payment between longs and shorts. When the perp trades above spot, the rate is positive and longs pay shorts; below spot it turns negative and shorts pay longs. The payment is a percentage of position size, charged every 1, 4 or 8 hours depending on the exchange.

How to read it

Binance and Bybit's default rate when the perp is in line with spot is 0.0100% per 8h (about 11% APR). Well above that means leveraged longs are paying up to hold MMT; negative means shorts are crowded. The APR column shows what holding a position costs or earns over a year at today's rate. A wide spread between exchanges is what funding arbitrage traders look for.

Why do exchanges show different rates?

Each exchange computes funding from its own order book and premium, so the MMT rate differs by venue, and intervals differ too. Volume Monitor converts every rate to an 8-hour equivalent and weights the headline figure by open interest. Rates update every few seconds from the exchanges' public feeds.