| Exchange | Interval | APR ↓ | Rate | APR Bar |
|---|---|---|---|---|
| 1h | +11.4% | +0.0013% | ||
| 1h | +11.0% | +0.0013% | ||
| 8h | +11.0% | +0.0100% | ||
| 1h | +10.9% | +0.0012% | ||
| 1h | +10.6% | +0.0012% | ||
| 8h | +8.3% | +0.0076% | ||
| 8h | +6.4% | +0.0058% | ||
| 8h | +5.9% | +0.0054% | ||
| 1h | +5.3% | +0.0006% | ||
| 8h | +5.2% | +0.0047% | ||
| 8h | +4.6% | +0.0042% | ||
| 8h | +3.4% | +0.0031% | ||
| 8h | +3.1% | +0.0028% | ||
| 8h | +1.7% | +0.0015% | ||
| 8h | +1.5% | +0.0014% |
The SOL funding rate is the periodic payment between long and short traders in Solana perpetual futures. Positive funding means longs pay shorts, while negative funding means shorts pay longs. Because each exchange has its own order flow and positioning, the rate can vary significantly between venues at the same time.
This page compares Solana funding rates across the exchanges we track and calculates an open-interest-weighted aggregate rate, so larger markets have more influence on the headline figure. The table also shows each exchange's funding interval, current rate and annualized APR, making it easier to see where positioning is most expensive or where funding has moved negative.
The historical chart tracks how the SOL funding rate changes over 7, 30 and 90 days. CEX and DEX averages are shown separately as well, which helps identify whether funding pressure is concentrated on centralized exchanges, perpetual DEXs, or across the broader market.
A SOL funding rate is the periodic payment exchanged between long and short positions in Solana perpetual futures. It helps keep perpetual contract prices close to the underlying SOL spot price.
Each exchange has different traders, liquidity and long-versus-short positioning. When demand for leveraged longs or shorts becomes concentrated on one venue, its funding rate can move away from the rest of the market.
Positive funding generally means long positions pay short positions. Negative funding reverses that relationship, with shorts paying longs. A strongly positive or negative rate can indicate an imbalance in perpetual futures positioning.
The displayed APR annualizes the current funding rate using the funding interval reported by each exchange. It makes rates with different settlement intervals easier to compare on the same basis.
Centralized exchanges and perpetual DEXs can develop different positioning and liquidity conditions. Comparing their average funding rates helps show whether an imbalance is isolated to one part of the market or visible across both.