Bitcoin Funding Rate History by Month (Binance)
What Binance BTCUSDT perpetual funding paid or charged, one UTC calendar month at a time: the net of every settled payment stored for the month, as a percentage and as cash on a constant $10,000 position, with how much of the month the stored history covers.
7,805 stored Binance BTCUSDT settlements from 2019-09-10 08:00 UTC to 2026-10-24 16:00 UTC: 85 completed UTC months, 84 of them with at least 99% of their hours stored. Most negative qualified month: Mar 2020, net -0.581% of position size, -$58 on $10,000 (shorts paid longs). Most positive qualified month: Feb 2021, net +7.261% of position size, +$726 on $10,000 (longs paid shorts).
Most negative months
shorts paid longs · qualified months onlyMost positive months
longs paid shorts · qualified months only2026
net settled funding per UTC month| Month | Net funding | On $10,000 | Negative share | Hours stored | Settlements | Status |
|---|---|---|---|---|---|---|
In progress | +0.243% | +$24 Longs paid shorts | 21.1% | 568 / 575 h 98.7% | 72 | Month in progress |
| +0.453% | +$45 Longs paid shorts | 5.6% | 720 / 720 h 100.0% | 90 | Complete | |
| +0.618% | +$62 Longs paid shorts | 0.0% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.560% | +$56 Longs paid shorts | 1.1% | 744 / 744 h 100.0% | 92 | Complete | |
| +0.209% | +$21 Longs paid shorts | 23.3% | 720 / 720 h 100.0% | 91 | Complete | |
| +0.235% | +$24 Longs paid shorts | 28.0% | 744 / 744 h 100.0% | 92 | Complete | |
| -0.178% | -$18 Shorts paid longs | 64.4% | 720 / 720 h 100.0% | 90 | Complete | |
| -0.096% | -$9.59 Shorts paid longs | 55.9% | 744 / 744 h 100.0% | 94 | Complete | |
| -0.063% | -$6.34 Shorts paid longs | 53.6% | 672 / 672 h 100.0% | 84 | Complete | |
| +0.458% | +$46 Longs paid shorts | 5.4% | 744 / 744 h 100.0% | 93 | Complete |
2025
net settled funding per UTC month| Month | Net funding | On $10,000 | Negative share | Hours stored | Settlements | Status |
|---|---|---|---|---|---|---|
| +0.421% | +$42 Longs paid shorts | 10.8% | 744 / 744 h 100.0% | 92 | Complete | |
| +0.450% | +$45 Longs paid shorts | 12.2% | 720 / 720 h 100.0% | 91 | Complete | |
| +0.304% | +$30 Longs paid shorts | 25.8% | 744 / 744 h 100.0% | 92 | Complete | |
| +0.436% | +$44 Longs paid shorts | 7.8% | 720 / 720 h 100.0% | 90 | Complete | |
| +0.609% | +$61 Longs paid shorts | 2.2% | 744 / 744 h 100.0% | 94 | Complete | |
| +0.728% | +$73 Longs paid shorts | 1.1% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.236% | +$24 Longs paid shorts | 18.9% | 720 / 720 h 100.0% | 90 | Complete | |
| +0.428% | +$43 Longs paid shorts | 10.8% | 744 / 744 h 100.0% | 92 | Complete | |
| +0.217% | +$22 Longs paid shorts | 26.7% | 720 / 720 h 100.0% | 90 | Complete | |
| +0.186% | +$19 Longs paid shorts | 24.7% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.380% | +$38 Longs paid shorts | 11.9% | 672 / 672 h 100.0% | 84 | Complete | |
| +0.732% | +$73 Longs paid shorts | 2.2% | 744 / 744 h 100.0% | 94 | Complete |
2024
net settled funding per UTC month| Month | Net funding | On $10,000 | Negative share | Hours stored | Settlements | Status |
|---|---|---|---|---|---|---|
| +1.189% | +$119 Longs paid shorts | 1.1% | 744 / 744 h 100.0% | 92 | Complete | |
| +1.309% | +$131 Longs paid shorts | 0.0% | 720 / 720 h 100.0% | 90 | Complete | |
| +0.680% | +$68 Longs paid shorts | 5.4% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.165% | +$17 Longs paid shorts | 33.3% | 720 / 720 h 100.0% | 90 | Complete | |
| +0.119% | +$12 Longs paid shorts | 39.8% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.588% | +$59 Longs paid shorts | 5.4% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.850% | +$85 Longs paid shorts | 0.0% | 720 / 720 h 100.0% | 90 | Complete | |
| +0.637% | +$64 Longs paid shorts | 7.5% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.781% | +$78 Longs paid shorts | 7.8% | 720 / 720 h 100.0% | 90 | Complete | |
| +3.157% | +$316 Longs paid shorts | 0.0% | 744 / 744 h 100.0% | 93 | Complete | |
| +1.351% | +$135 Longs paid shorts | 0.0% | 696 / 696 h 100.0% | 87 | Complete | |
| +1.092% | +$109 Longs paid shorts | 0.0% | 744 / 744 h 100.0% | 93 | Complete |
2023
net settled funding per UTC month| Month | Net funding | On $10,000 | Negative share | Hours stored | Settlements | Status |
|---|---|---|---|---|---|---|
| +1.715% | +$171 Longs paid shorts | 0.0% | 744 / 744 h 100.0% | 93 | Complete | |
| +1.018% | +$102 Longs paid shorts | 0.0% | 720 / 720 h 100.0% | 90 | Complete | |
| +0.380% | +$38 Longs paid shorts | 19.4% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.095% | +$9.51 Longs paid shorts | 36.7% | 720 / 720 h 100.0% | 90 | Complete | |
| +0.535% | +$54 Longs paid shorts | 17.2% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.559% | +$56 Longs paid shorts | 4.3% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.613% | +$61 Longs paid shorts | 5.6% | 720 / 720 h 100.0% | 91 | Complete | |
| +0.513% | +$51 Longs paid shorts | 5.4% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.441% | +$44 Longs paid shorts | 13.3% | 720 / 720 h 100.0% | 89 | Complete | |
| +0.534% | +$53 Longs paid shorts | 14.0% | 744 / 744 h 100.0% | 94 | Complete | |
| +0.699% | +$70 Longs paid shorts | 1.2% | 672 / 672 h 100.0% | 84 | Complete | |
| +0.790% | +$79 Longs paid shorts | 4.3% | 744 / 744 h 100.0% | 92 | Complete |
2022
net settled funding per UTC month| Month | Net funding | On $10,000 | Negative share | Hours stored | Settlements | Status |
|---|---|---|---|---|---|---|
| +0.434% | +$43 Longs paid shorts | 11.8% | 744 / 744 h 100.0% | 94 | Complete | |
| -0.174% | -$17 Shorts paid longs | 35.6% | 720 / 720 h 100.0% | 89 | Complete | |
| +0.532% | +$53 Longs paid shorts | 8.6% | 744 / 744 h 100.0% | 94 | Complete | |
| +0.361% | +$36 Longs paid shorts | 13.3% | 720 / 720 h 100.0% | 90 | Complete | |
| +0.162% | +$16 Longs paid shorts | 36.6% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.619% | +$62 Longs paid shorts | 4.3% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.256% | +$26 Longs paid shorts | 31.1% | 720 / 720 h 100.0% | 89 | Complete | |
| +0.477% | +$48 Longs paid shorts | 20.4% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.242% | +$24 Longs paid shorts | 30.0% | 720 / 720 h 100.0% | 90 | Complete | |
| +0.526% | +$53 Longs paid shorts | 19.4% | 744 / 744 h 100.0% | 94 | Complete | |
| +0.240% | +$24 Longs paid shorts | 32.1% | 672 / 672 h 100.0% | 84 | Complete | |
| +0.500% | +$50 Longs paid shorts | 23.7% | 744 / 744 h 100.0% | 93 | Complete |
2021
net settled funding per UTC month| Month | Net funding | On $10,000 | Negative share | Hours stored | Settlements | Status |
|---|---|---|---|---|---|---|
| +0.901% | +$90 Longs paid shorts | 2.2% | 744 / 744 h 100.0% | 92 | Complete | |
| +2.154% | +$215 Longs paid shorts | 0.0% | 720 / 720 h 100.0% | 91 | Complete | |
| +2.026% | +$203 Longs paid shorts | 2.2% | 744 / 744 h 100.0% | 93 | Complete | |
| +1.095% | +$109 Longs paid shorts | 3.3% | 720 / 720 h 100.0% | 89 | Complete | |
| +1.218% | +$122 Longs paid shorts | 0.0% | 744 / 744 h 100.0% | 94 | Complete | |
| -0.184% | -$18 Shorts paid longs | 45.2% | 744 / 744 h 100.0% | 92 | Complete | |
| +0.252% | +$25 Longs paid shorts | 26.7% | 720 / 720 h 100.0% | 91 | Complete | |
| +2.298% | +$230 Longs paid shorts | 7.5% | 744 / 744 h 100.0% | 93 | Complete | |
| +4.510% | +$451 Longs paid shorts | 0.0% | 720 / 720 h 100.0% | 90 | Complete | |
| +3.169% | +$317 Longs paid shorts | 0.0% | 744 / 744 h 100.0% | 92 | Complete | |
| +7.261% | +$726 Longs paid shorts | 0.0% | 672 / 672 h 100.0% | 85 | Complete | |
| +5.910% | +$591 Longs paid shorts | 0.0% | 744 / 744 h 100.0% | 93 | Complete |
2020
net settled funding per UTC month| Month | Net funding | On $10,000 | Negative share | Hours stored | Settlements | Status |
|---|---|---|---|---|---|---|
| +2.075% | +$208 Longs paid shorts | 1.1% | 744 / 744 h 100.0% | 92 | Complete | |
| +1.989% | +$199 Longs paid shorts | 10.0% | 720 / 720 h 100.0% | 90 | Complete | |
| +0.518% | +$52 Longs paid shorts | 20.4% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.666% | +$67 Longs paid shorts | 20.0% | 720 / 720 h 100.0% | 90 | Complete | |
| +2.442% | +$244 Longs paid shorts | 0.0% | 744 / 744 h 100.0% | 94 | Complete | |
| +1.957% | +$196 Longs paid shorts | 0.0% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.736% | +$74 Longs paid shorts | 13.3% | 720 / 720 h 100.0% | 89 | Complete | |
| +0.956% | +$96 Longs paid shorts | 15.1% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.070% | +$6.99 Longs paid shorts | 40.0% | 720 / 720 h 100.0% | 91 | Complete | |
| -0.581% | -$58 Shorts paid longs | 46.2% | 744 / 744 h 100.0% | 92 | Complete | |
| +4.517% | +$452 Longs paid shorts | 0.0% | 696 / 696 h 100.0% | 87 | Complete | |
| +1.907% | +$191 Longs paid shorts | 4.3% | 744 / 744 h 100.0% | 93 | Complete |
2019
net settled funding per UTC month| Month | Net funding | On $10,000 | Negative share | Hours stored | Settlements | Status |
|---|---|---|---|---|---|---|
| +0.152% | +$15 Longs paid shorts | 37.6% | 744 / 744 h 100.0% | 93 | Complete | |
| +0.577% | +$58 Longs paid shorts | 15.6% | 720 / 720 h 100.0% | 90 | Complete | |
| +0.938% | +$94 Longs paid shorts | 15.1% | 744 / 744 h 100.0% | 93 | Complete | |
Starts mid-month | +0.630% | +$63 Longs paid shorts | 0.0% | 504 / 720 h 70.0% | 63 | History begins mid-month |
How it's counted. Each row sums the actual Binance BTCUSDT settlement payments stored for one UTC calendar month, a payment belonging to the month whose start (exclusive) and end (inclusive) contain its settlement time. Binance stamps a nominal midnight payment one millisecond late, so that payment is counted in the month it opens. The rate is the exchange's native rate for each interval; payments are added, not compounded, with no leverage, and the cash figure applies the total to a constant $10,000 position. Positive net: longs paid shorts. Negative net: shorts paid longs. Zero: no net payer.
Coverage. Hours stored are the union of the stored settlement intervals clipped to the month, measured against the hours in the month (or so far, for the current month). Gaps are never filled, overlapping or jittering intervals are never counted twice, and neither the number of settlements nor the backfill marker is taken as proof of completeness. Negative share divides the hours funded at a negative rate by the hours stored; where overlapping intervals disagree on sign it is shown as unqualified. Months rank only when complete with at least 99% of their hours stored; the current month, the month history begins in and incomplete months show their observed payments but never rank.
Source. Binance's own settled funding history for BTCUSDT, stored by this site (up to ten years, at most 100,000 settlements read); the first stored settlement is 2019-09-10 08:00 UTC and the latest 2026-10-24 16:00 UTC. The backfill marker reports history complete from 2019-09-01 00:00 UTC; that is informational, and the coverage above is measured from the stored settlements. These are settled funding cash flows, not trading returns: price changes, fees and margin interest are not included.
Bitcoin monthly funding FAQ
When was Bitcoin funding negative on Binance?
In the months marked negative in the table: the net of every stored payment was below zero, so shorts paid longs over the month. The share of hours with negative funding is shown for each month, and the most negative qualified months are ranked once enough history is stored.
How is a month's funding calculated?
It is the sum of the Binance settlement payments stored for that UTC calendar month, each at the rate the exchange actually paid for its interval. Payments are not compounded and no leverage is applied; the cash figure is that percentage of a constant $10,000 position.
Why is a month not ranked?
A month ranks only when it is complete and at least 99% of its hours are covered by stored settlement intervals. The current month, the month history starts in and months with missing settlements are shown with the payments observed but never ranked.
Is this the return of holding the perpetual?
No. These are funding cash flows only. Price change, trading fees and any margin interest are not included.