Tool
Funding rate comparison
Current funding rates across five exchanges, with settlement intervals and 30-day volatility. The real hidden cost of holding a perpetual is usually funding, not the trading fee.
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What is a funding rate?
Perpetuals have no expiry, so exchanges use funding to anchor the contract to spot: at a premium longs pay shorts, at a discount the reverse. Hold through a settlement and you pay or receive, whether or not you close afterwards.
How to read this table
Start with the settlement interval — most symbols settle every 8 hours, but some (crude oil, CL) settle every 4, charging three times a day and accumulating twice as fast. Then look at 30-day volatility: the higher it is, the less the current rate tells you about what holding will actually cost.
Which costs more, funding or fees?
It depends on holding time. Short-term trading is dominated by fees — and fees are the part a rebate binding lowers directly. Hold for longer and funding often exceeds fees by an order of magnitude, and cannot be fixed in advance. Real cost is both together.
The fee is the one component you can fix in advance; the percentage depends on your rebate tier:
Rebate tiers
Your tier = the total fees generated over the past 30 days on every partnered-exchange account bound to our referral code (1 USDT in fees = 1 XP), rolling and updated daily. The moment you reach a threshold, that tier's extra-rebate rate on this site (up to 3× extra) takes effect the same day; drop below it and you're downgraded the same way — each day's extra rebate is always calculated at that day's settled tier.
| Tier |  Binance |  OKX |  Bybit |  Gate |  Bitget |  WEEX | Other KOL links |
|---|---|---|---|---|---|---|---|
| Lv.1 | 20% + 10% | 20% + | 30% | 20% + 40% | 20% + 20% | 20% + 40% | 0% (usually 0–20%) |
| Lv.2 | 20% + 11% | 20% + | 31% | 20% + 41% | 20% + 21% | 20% + 41% | |
| Lv.3 | 20% + 12% | 20% + | 32% | 20% + 42% | 20% + 22% | 20% + 42% | |
| Lv.4 | 20% + 13% | 20% + | 33% | 20% + 43% | 20% + 23% | 20% + 43% | |
| Lv.5 | 20% + 14% | 20% + | 34% | 20% + 44% | 20% + 24% | 20% + 44% | |
| SVIP | 20% + 15% | 20% + | 35% | 20% + 45% | 20% + 25% | 20% + 45% | |
| Supernova | 20% + 20% | 20% + | 40% | 20% + 50% | 20% + 30% | 20% + 50% |
How the “20% + X%” fee rebate breaks down
In "20% + X%", the 20% is the exchange's permanent auto-rebate — register on Binance, OKX or Bitget with code NOVA888 (or Gate with code QUANTXXX) and 20% of your fees is returned to your own account, forever.
In the 20% + X% split, the trailing X% is Quant Nova's extra rebate, settled daily and recorded here: sign in, bind your exchange UID, and the moment you place any trade and the system records your fees your account is auto-verified — then check and withdraw up to 3× extra rebate here every day.
Bybit is the only exchange with no auto-rebate — its rebates normally all go to the KOL, but Quant Nova returns most of it to you, settling the 30%–40% shown above on this site for you to withdraw.
Example: reaching Lv.2 takes just 100 XP (= 100 USDT in fees) accumulated over the past 30 days. At ~0.06% futures taker fee — e.g. 2,500 USDT margin at 20× leverage across 2 positions — you reach about 120 USDT in fees. At Quant Nova Lv.2 you get a 31% (20% + 11%) fee rebate on Binance, so those 120 USDT of fees return about 37 USDT — 13 USDT more than an outside KOL code that passes back only 20%! That is a 1–3× difference in rebate on the round-trip — and for more active traders, clawing back hundreds or thousands of USDT in fee rebates is common.