Funding Rate (SPCH)

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

current price: $8.59

Rate MatrixHeatmapCumulative Fees

SPCH Funding Rate by Exchange

Next settlement --:--:--
#ExchangeFunding RateAPRSettlement IntervalNext SettlementOpen Interest
1Bitgethighest-0.0309%-33.84%8h$0.7M
2Bybit+0.0000%+0.00%8h16:00 UTC$0.1M
3Gate+0.0100%+10.95%8h16:00 UTC$0.1M
APR = period rate × (24 / settlement interval) × 365. Shown as — when the exchange's settlement interval is unknown.
Simple Average
-0.0070%
OI-Weighted Rate
-0.0257%
Volume-Weighted Rate
-0.0087%

SPCH Funding Rate History

About Funding Rate

What is the SPCH funding rate?

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

What does a positive or negative SPCH funding rate mean?

A persistently positive SPCH 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 SPCH funding rate?

As of now, the SPCH funding rate averages -0.0070% across 3 exchanges CoinBoss tracks, and the rate is negative. 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 SPCH funding rate?

Right now bitget shows the highest (or most extreme) SPCH funding rate among tracked exchanges, at -0.0309%. 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.