Sonic Funding Rate (S)

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

Sonic current price: $0.04127

Funding now: Binance 0.0050% · OKX -- · Open a Binance account — 20% lifetime fee rebate + 150 pts →

Rate MatrixHeatmapCumulative Fees

S Funding Rate by Exchange

Next settlement --:--:--
#ExchangeFunding RateAPRSettlement IntervalNext SettlementOpen Interest
1Binance+0.0050%+10.95%4h12:00 UTC$5.1M
2Bybit+0.0050%+10.95%4h12:00 UTC$4.7M
3MEXC+0.0050%———$3.9M
4KuCoin-0.0265%-58.03%4h12:00 UTC$1.6M
5Bitget+0.0050%+10.95%4h—$1.3M
6WhiteBIT+0.0050%+10.95%4h12:00 UTC$1.1M
7Hyperliquid-0.0019%-16.55%1h—$0.8M
8Gate+0.0050%+10.95%4h12:00 UTC$0.3M
9CoinExhighest+0.6789%+743.36%8h16:00 UTC$0.2M
10Lighter+0.0096%+84.10%1h—$0.1M
11Backpack+0.0013%+10.95%1h11:00 UTC$0.1M
12Aster+0.0050%+10.95%4h12:00 UTC$0.0M
13Crypto.com+0.0034%———$0.0M
14BingX+0.0050%——12:00 UTC—
15Bitunix+0.0050%+10.95%4h12:00 UTC—
16LBank+0.0050%——12:00 UTC—
APR = period rate × (24 / settlement interval) × 365. Shown as — when the exchange's settlement interval is unknown.
Simple Average
+0.0447%
OI-Weighted Rate
+0.0075%
Volume-Weighted Rate
+0.0037%

S Funding Rate History

S 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+0.0042%+0.0960%+0.5614%+0.9742%

About Sonic Funding Rate

What is the S funding rate?
The S funding rate is a periodic payment between long and short traders on Sonic 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 S perpetual position.
What does a positive or negative S funding rate mean?
A persistently positive S 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 S funding rate?
As of now, the S funding rate averages 0.0447% across 16 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 S funding rate?
Right now coinex shows the highest (or most extreme) S funding rate among tracked exchanges, at 0.6789%. 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.

You are viewing S. The methodology below describes how this dataset is collected and computed for S and every other coin covered on CoinBoss.

Where the data comes from

We pull real-time funding rates for perpetual futures from 25 exchanges via their public APIs, covering USDT-margined and coin-margined contracts. Because venues settle on different schedules — every 1, 4 or 8 hours — each rate on this page carries an explicit settlement-interval label.

What each number means

Current rate is the rate that will apply at the next settlement; predicted rate is the exchange's live estimate for the following one. The countdown shows time to next settlement. The matrix view lays out coins × exchanges so you can spot outliers at a glance, and the accumulated page sums rates over a chosen period. Positive funding means longs pay shorts; negative means shorts pay longs.

How it is calculated

Your funding payment = position notional × funding rate at settlement. To compare venues on different schedules we annualise: rate × (24 ÷ interval hours) × 365. Accumulated figures are simple sums of settled rates (no compounding). Each exchange computes its rate from its own premium index plus an interest component, so formulas differ slightly by venue — we display the exchange's official number, never a re-derivation.

How to read it

1. Persistently high positive funding (say above 0.1% per 8h) means longs are crowded and paying heavily to stay in; rallies built on that tend to be fragile.

2. Negative funding while price holds flat means shorts are paying — fuel for a squeeze if price starts rising.

3. A large gap between exchanges for the same coin is a funding-arbitrage setup: long on the negative venue, short on the positive one (see our FR Arbitrage page).

Common misconceptions

High funding is not a sell signal by itself — bull markets can sustain elevated funding for weeks.

Rates on different settlement intervals must never be compared raw: 0.03% per 4h is more expensive than 0.05% per 8h once annualised.

Limitations

Predicted rates are exchange estimates and can move until settlement. Formula parameters (premium index sampling, interest rate, clamps) vary by venue, so small cross-exchange differences are structural rather than tradable.

Updates & versioning

Rates update in real time as exchanges publish them; settlement schedules per venue are documented and versioned. Informational only — not investment advice.

Most exchanges settle funding every 8 hours (00:00 / 08:00 / 16:00 UTC). Actual settlement intervals may vary by exchange and contract.