Nillion Funding Rate (NIL)

Compare Nillion perpetual funding rates across exchanges in real time · OI-weighted composite rate · updated every minute

Nillion current price: $0.04977

Rate MatrixHeatmapCumulative Fees

NIL Funding Rate by Exchange

Next settlement --:--:--
#ExchangeFunding RateAPRSettlement IntervalNext SettlementOpen Interest
1Binancehighest+0.0050%+10.95%4h04:00 UTC$3.2M
2Bybit+0.0050%+10.95%4h04:00 UTC$2.0M
3Bitget+0.0050%+10.95%4h$1.5M
4MEXC+0.0050%$1.1M
5Hyperliquid+0.0013%+10.95%1h$0.8M
6WhiteBIT+0.0050%+10.95%4h04:00 UTC$0.6M
7KuCoin+0.0050%+10.95%4h04:00 UTC$0.6M
8Gate+0.0050%+10.95%4h04:00 UTC$0.4M
9Aster-0.0025%-22.13%1h03:00 UTC$0.0M
10BingX+0.0050%04:00 UTC
11Bitunix+0.0050%+10.95%4h04:00 UTC
12LBank+0.0050%04:00 UTC
APR = period rate × (24 / settlement interval) × 365. Shown as — when the exchange's settlement interval is unknown.
Simple Average
+0.0041%
OI-Weighted Rate
+0.0047%
Volume-Weighted Rate
+0.0048%

NIL Funding Rate History

NIL Cumulative Funding Cost

Cumulative settled funding rate by exchange over each window — positive means longs paid shorts (cost of holding a long), negative means shorts paid longs.

Exchange1D7D30D90D
Binance+0.0100%+0.0181%+0.2448%-1.1283%
Gate+0.0000%-0.0542%-0.0728%-0.0728%
Bybit+0.0000%-0.0624%-0.0474%-0.0474%
Bitget+0.0000%+0.0228%+0.0378%+0.0378%

About Nillion Funding Rate

What is the NIL funding rate?

The NIL funding rate is a periodic payment between long and short traders on Nillion perpetual futures, designed to keep the contract price anchored to the spot index. When the rate is positive, longs pay shorts; when negative, shorts pay longs. It is the main ongoing cost (or income) of holding a leveraged NIL perpetual position.

What does a positive or negative NIL funding rate mean?

A persistently positive NIL funding rate signals crowded long positioning and bullish sentiment — longs keep paying to stay in the trade. A negative rate signals short-side dominance and bearish sentiment. Extreme funding rates in either direction often indicate an overcrowded trade and raise the risk of a sharp reversal or short squeeze/long squeeze.

What is the current NIL funding rate?

As of now, the NIL funding rate averages 0.0041% across 12 exchanges CoinBoss tracks, and the rate is positive. This figure updates in real time — check the table above for the latest per-exchange breakdown and the OI-weighted composite rate.

Which exchange has the highest NIL funding rate?

Right now binance shows the highest (or most extreme) NIL funding rate among tracked exchanges, at 0.0050%. Funding rates can vary meaningfully across exchanges due to differences in order-book premium, index price and leverage demand — creating potential funding rate arbitrage opportunities.
Most exchanges settle funding every 8 hours (00:00 / 08:00 / 16:00 UTC). Actual settlement intervals may vary by exchange and contract.