NIL Funding Rate (Nillion)

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

Nillion current price: $0.03805

Rate MatrixHeatmapCumulative Fees

NIL Funding Rate by Exchange

Next settlement --:--:--
#ExchangeFunding RateAPRSettlement IntervalNext SettlementOpen Interest
1Binancehighest+0.0050%+10.95%4h04:00 UTC$1.8M
2KuCoin+0.0050%+10.95%4h04:00 UTC$1.6M
3Bybit+0.0050%+10.95%4h04:00 UTC$0.9M
4Bitget+0.0050%+10.95%4h$0.7M
5Hyperliquid+0.0013%+10.95%1h$0.6M
6WhiteBIT+0.0050%+10.95%4h04:00 UTC$0.3M
7MEXC+0.0050%$0.3M
8Gate+0.0050%+10.95%4h04:00 UTC$0.1M
9Aster-0.0046%-40.54%1h01:00 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
+0.0039%
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+0.0050%+0.1692%+0.5486%+0.5486%

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 0.0039% 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.