M Funding Rate and Open Interest on Binance
Live Binance M data from Binance's public API. Charts show Binance only; the table compares M on every tracked exchange.
Binance has $4.36M of M perpetual open interest, 51.1% of the $8.53M across the 6 exchanges counted in the M total here (#1). M funding on Binance is 0.0100% per 8 hours (≈11% APR), settles every 4 hours with a current interval quote of 0.0050%, above the OI-weighted average of 0.0073% across exchanges. Binance M open interest changed +33.22% over the last 24h. $37K of Binance M positions were liquidated over the last 24 hours, 79.5% of it longs.
Binance M liquidations · last 24 hours
All liquidations →M markets on Binance
1 perp| Market | Price | Vol 24h | Open interest | OI 24h | Funding / 8h | APR | Interval / current quote | Trade |
|---|---|---|---|---|---|---|---|---|
| MUSDT perp | 0.9037 | $15.41M | $4.36M | +33.22% | 0.0100% | ≈11% APR | 4 hours · 0.0050% | Trade ↗ |
M funding on Binance
8h equivalent, this exchange onlyLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
M open interest on Binance
USD, this exchange onlyLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Seven completed days of M funding observations on Binance
| UTC date | Mean funding / 8h | Observed hours |
|---|---|---|
| 0.0100% | 24/24 hours | |
| 0.0074% | 24/24 hours | |
| 0.0100% | 24/24 hours | |
| 0.0158% | 24/24 hours | |
| 0.0100% | 24/24 hours | |
| 0.0100% | 24/24 hours | |
| 0.0083% | 24/24 hours |
Daily mean of hourly observed 8-hour-equivalent funding, not settled payments or a cashflow sum. Each hour uses the chart's open-interest weighting across Binance M perpetual contracts (a plain mean when no positive OI is available). Stored rates are already normalized; today's settlement interval is not applied again. Coverage counts usable hourly buckets, not every five-minute sample. Missing hours are excluded, not zero.
M on every exchange
M funding, all exchanges →| # | Exchange | Open interest | Share | Funding / 8h | APR | Perp vol 24h |
|---|---|---|---|---|---|---|
| 1 | Binance | $4.36M | 51.1% | 0.0100% | ≈11% APR | $15.41M |
| 2 | Bybit | $1.56M | 18.3% | 0.0100% | ≈11% APR | $7.79M |
| 3 | KuCoin | $1.18M | 13.8% | 0.0060% | ≈7% APR | $3.25M |
| 4 | Bitget | $809K | 9.5% | 0.0100% | ≈11% APR | $2.49M |
| 5 | Gate | $606K | 7.1% | -0.0201% | ≈-22% APR | $1.58M |
| 6 | Aster | $13K | 0.2% | 0.0100% | ≈11% APR | $273K |
| — | MEXC | $229K | not ranked | 0.0100% | ≈11% APR | $406K |
How it's counted. Open interest is the USD value of open M perpetual positions (one side) at the mark price. Funding is shown as the 8-hour equivalent so exchanges with 1-, 4- and 8-hour settlements compare directly; the interval column gives the current quoted rate for each market's native funding interval. This quote can change before settlement and does not prove a payment already occurred. HIP-3 markets that share the ticker are left out. Coverage: USDⓈ-M perps and, from 2026-09-28, COIN-M (inverse) perps; liquidations sampled: Binance publishes only the latest liquidation per symbol per 1000 milliseconds.
M on Binance FAQ
What is the M funding rate on Binance?
0.0100% per 8 hours (0.0050% per 4 hours, the current quote; ≈11% APR) is the M perpetual funding rate on Binance. Positive means longs pay shorts. The chart below shows Binance's M funding history only.
How often does Binance pay M funding?
Binance settles M funding every 4 hours; the 8-hour figures on this page are scaled to that interval for comparison. The current quote can change before settlement and does not prove a payment already occurred.
How much M open interest is on Binance?
$4.36M open M perpetual positions on Binance, valued at the current mark price and counted on one side. The comparison table shows every other exchange's share.
Where does the data come from?
Binance's public market-data API, read live by this site. Nothing here comes from paid data vendors.