SNX Funding Rate (Synthetix)

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

Synthetix current price: $0.2312

Rate MatrixHeatmapCumulative Fees

SNX Funding Rate by Exchange

Next settlement --:--:--
#ExchangeFunding RateAPRSettlement IntervalNext SettlementOpen Interest
1Binance+0.0093%+10.15%8h08:00 UTC$2.5M
2Bybit+0.0100%+10.95%8h08:00 UTC$1.4M
3Bitget+0.0100%+10.95%8h$1.0M
4Hyperliquid+0.0013%+10.95%1h$0.7M
5WhiteBIT+0.0100%+10.95%8h08:00 UTC$0.6M
6KuCoin+0.0100%+10.95%8h08:00 UTC$0.5M
7MEXC+0.0094%$0.3M
8Gate+0.0100%+10.95%8h08:00 UTC$0.2M
9Kraken+0.0009%$0.2M
10CoinExhighest+0.0160%+17.55%8h16:00 UTC$0.0M
11dYdX+0.0000%+0.00%1h$0.0M
12Crypto.com+0.0094%$0.0M
13Aster+0.0013%+10.95%1h01:00 UTC$0.0M
14BingX+0.0100%08:00 UTC
15Bitunix+0.0084%+9.18%8h08:00 UTC
16edgeX+0.0050%+10.95%4h04:00 UTC
17LBank+0.0094%08:00 UTC
APR = period rate × (24 / settlement interval) × 365. Shown as — when the exchange's settlement interval is unknown.
Simple Average
+0.0077%
OI-Weighted Rate
+0.0087%
Volume-Weighted Rate
+0.0093%

SNX Funding Rate History

SNX 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+0.0000%+0.0018%+0.1641%+0.1641%

About Synthetix Funding Rate

What is the SNX funding rate?

The SNX funding rate is a periodic payment between long and short traders on Synthetix 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 SNX perpetual position.

What does a positive or negative SNX funding rate mean?

A persistently positive SNX 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 SNX funding rate?

As of now, the SNX funding rate averages 0.0077% across 17 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 SNX funding rate?

Right now coinex shows the highest (or most extreme) SNX funding rate among tracked exchanges, at 0.0160%. 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.