PAPER perpetual futures
PAPER perpetuals trade on 3 markets. 24h volume $35.9K, open interest $12.6K. Best funding APR +3.97% on edgex.
Funding rates by venue
Live funding rate, price, liquidity and the funding actually paid over the last 24 hours, 7 and 30 days for PAPER on every venue we track.
| Exchange | Symbol | Price | 24h volume | Open interest | Funding / interval | Funding APR | Paid 24h | Paid 7d | Paid 30d |
|---|---|---|---|---|---|---|---|---|---|
| mexc | PAPER_USDT | 0.0246 | $16.4K | $11.4K | -0.0002% | -1.75% | — | — | — |
| bingx | PAPER-USDT | 0.0255 | $10.8K | $1.1K | -0.0001% | -0.22% | — | — | — |
| edgex | PAPERUSDC | 0.0245 | $8.8K | $79.56 | 0.0018% | +3.97% | — | — | — |
Funding spread across venues
Across 3 venues the funding APR on PAPER runs from -1.75% on mexc to +3.97% on edgex. The gap between them is 5.72 percentage points a year: that is what a delta-neutral position would collect before fees, holding long on the venue that pays and short on the venue that charges.
Liquidity
Across the venues listed above PAPER shows $35.9K of 24h volume and $12.6K of open interest. The deepest venue by 24h volume is mexc at $16.4K.
What the funding rate on PAPER means
A perpetual future on PAPER has no expiry, so venues use a funding payment to keep its price tied to spot. When the perp trades above spot, longs pay shorts; when it trades below, shorts pay longs. The rate shown per venue is the share of position size paid at each settlement, and the APR is that share annualised over the venue's own interval. Venues settle PAPER on different schedules: 1h, 4h.
Because every venue computes its own rate from its own order book, the same asset can pay very differently in the same hour. The "paid" columns show what was actually settled rather than what is quoted now, which is the honest way to judge whether a PAPER position earned or cost money.
Frequently asked questions
What is the funding rate on PAPER right now?
Across 3 venues the funding APR on PAPER runs from -1.75% on mexc to +3.97% on edgex. The gap between them is 5.72 percentage points a year: that is what a delta-neutral position would collect before fees, holding long on the venue that pays and short on the venue that charges.
Which venue has the most liquid PAPER perpetual?
Across the venues listed above PAPER shows $35.9K of 24h volume and $12.6K of open interest. The deepest venue by 24h volume is mexc at $16.4K.
How often is funding paid on PAPER?
Venues settle PAPER on different schedules: 1h, 4h.
Data generated at 2026-10-19T07:55:05Z. Live numbers load on this page automatically.