SPELL Funding Rate (Spell)
Compare Spell perpetual funding rates across exchanges in real time · OI-weighted composite rate · updated every minute
Spell current price: $0.00008390
SPELL Funding Rate by Exchange
Next settlement --:--:--| # | Exchange | Funding Rate | APR | Settlement Interval | Next Settlement | Open Interest |
|---|---|---|---|---|---|---|
| 1 | Binance | -0.0878% | -96.13% | 8h | 08:00 UTC | $1.4M |
| 2 | Bitget | -0.0417% | -45.66% | 8h | — | $0.6M |
| 3 | KuCoin | +0.0029% | +3.18% | 8h | 08:00 UTC | $0.3M |
| 4 | MEXC | -0.0877% | — | — | — | $0.2M |
| 5 | Gatehighest | -0.1424% | -155.93% | 8h | 08:00 UTC | $0.1M |
| 6 | Kraken | -0.0396% | — | — | — | $0.0M |
| 7 | Bitunix | -0.0828% | -90.64% | 8h | 08:00 UTC | — |
APR = period rate × (24 / settlement interval) × 365. Shown as — when the exchange's settlement interval is unknown.
Simple Average
-0.0684%
OI-Weighted Rate
-0.0669%
Volume-Weighted Rate
-0.0863%
SPELL Funding Rate History
SPELL 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.
| Exchange | 1D | 7D | 30D | 90D |
|---|---|---|---|---|
| Binance | +0.0000% | -3.1599% | -11.0887% | -11.0887% |
About Spell Funding Rate
What is the SPELL funding rate?
The SPELL funding rate is a periodic payment between long and short traders on Spell 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 SPELL perpetual position.
What does a positive or negative SPELL funding rate mean?
A persistently positive SPELL 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 SPELL funding rate?
As of now, the SPELL funding rate averages -0.0684% across 7 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 SPELL funding rate?
Right now gate shows the highest (or most extreme) SPELL funding rate among tracked exchanges, at -0.1424%. 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.
More Coin Funding Rates
View full funding rate matrix ›BTCETHSOLXRPBNBDOGEHYPEZECOKBSKLADALINKAVAXXLMBCHUNIAAVESUINEARARBENAWLDBLURYFIHOTKAITOTRXXMRCCGRAMLTCHBARXAUTTAOWLFIPAXGASTERDEXEONDODOTSKYMORPHOICPETCPIJSTBEATPOLATOMRENDER
View full funding rate matrix › (+238)
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