DRIFT funding rates and arbitrage

DRIFT perpetuals trade on 10 contracts across 10 venues, forming 45 cross-venue arbitrage pairs. By net APR the current best pair is long Coinbase against short Binance, netting +75.77%, though note the legs settle on different cadences (1h / 4h)。

DRIFT perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
BingX	DRIFT-USDT	USDT	4h	0.0050%	+10.95%	+10.95%	$6.5M	0.01522
LBank	DRIFTUSDT	USDT	4h	0.0050%	+10.95%	+10.95%	$1.3M	0.01523
Binance	DRIFTUSDT	USDT	4h	0.0050%	+10.95%	+10.95%	$994K	0.01523
WhiteBIT	DRIFT_PERP	USDT	4h	0.0050%	+10.95%	+10.95%	$583K	0.01520
Bybit	DRIFTUSDT	USDT	4h	0.0050%	+10.95%	+10.95%	$299K	0.01521
MEXC	DRIFT_USDT	USDT	4h	0.0050%	+10.95%	+10.95%	$100K	0.01521
KuCoin	DRIFTUSDTM	USDT	4h	0.0050%	+10.95%	+73.05%	$84K	0.01521
Gate	DRIFT_USDT	USDT	4h	0.0041%	+8.98%	+61.82%	$31K	0.01521
Bitget	DRIFTUSDT	USDT	4h	0.0050%	+10.95%	+10.95%	$22K	0.01522
Coinbase	DRIFT-PERP	USDC	1h	-0.0074%	-64.82%	-64.82%	$2K	0.09100

DRIFT cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Coinbase USDC	Binance USDT	+75.77%	0.2076%	+75.77%	1h / 4h	$2K
Coinbase USDC	BingX USDT	+75.77%	0.2076%	+75.77%	1h / 4h	$2K
Coinbase USDC	Bitget USDT	+75.77%	0.2076%	+75.77%	1h / 4h	$2K
Coinbase USDC	Bybit USDT	+75.77%	0.2076%	+75.77%	1h / 4h	$2K
Coinbase USDC	KuCoin USDT	+75.77%	0.2076%	+137.87%	1h / 4h	$2K
Coinbase USDC	LBank USDT	+75.77%	0.2076%	+75.77%	1h / 4h	$2K
Coinbase USDC	MEXC USDT	+75.77%	0.2076%	+75.77%	1h / 4h	$2K
Coinbase USDC	WhiteBIT USDT	+75.77%	0.2076%	+75.77%	1h / 4h	$2K
Coinbase USDC	Gate USDT	+73.80%	0.2022%	+126.64%	1h / 4h	$2K
Gate USDT	Binance USDT	+1.97%	0.0054%	-50.87%	4h matched	$31K
Gate USDT	BingX USDT	+1.97%	0.0054%	-50.87%	4h matched	$31K
Gate USDT	Bitget USDT	+1.97%	0.0054%	-50.87%	4h matched	$22K

Drift Protocol project profile

Website Whitepaper GitHub X (Twitter)Telegram Discord

Key facts

Total: 1.00B
Max supply: 1.00B
Type: Token
Market cap rank: #1132

Decentralized Finance (DeFi)DerivativesPrediction MarketsPerpetualsSolana EcosystemBinance Alpha SpotlightGovernance

Contract addresses

solanaDriFtupJYLTosbwoN8koMbEYSx54aFAVLddWsbksjwg7

Block explorers

solscan.io intel.arkm.com

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

EWT+19.5%F0.0%FOLKS+86.3%GAS+11.4%GOAT+132.3%GPRO+150.0%GRIFFAIN0.0%HEMI+53.6%HIMS+34.3%ID0.0%IOTA+10.9%IREN+37.9%

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