Bitget vs OKX vs Binance funding rates: a $10,000 BTC long paid $3.65, $4.96 or $5.96 over three days

What funding is and who receives it

Binance's own explainer, "Introduction to Binance Futures Funding Rates", describes funding as periodic payments between holders of long and short positions in perpetual contracts. The payments keep the perpetual price close to the spot index. When the rate is positive, longs pay shorts. When it is negative, shorts pay longs. The exchange does not keep the money; it passes from one side to the other.

The default interval on Binance is every eight hours, at 00:00, 08:00 and 16:00 UTC. In Singapore time that is 08:00, 16:00 and 00:00 SGT. Bitget's public funding endpoint lists an 8-hour interval for BTCUSDT, ETHUSDT and SOLUSDT, and OKX's funding history for the three USDT swaps shows settlements at the same three times.

The payment is the position value times the rate. A rate of 0.01% on a $10,000 position is $1.00. Binance's explainer also says its interest component is fixed at 0.01% per interval by default, which is why that number keeps appearing in the tables below.

Three days of BTC funding, settlement by settlement

These are the rates each venue settled, read from the public history endpoints at 06:50 SGT on November 8. All three venues settled at the same nine times.

The OKX figures are rounded to four decimals here. The sums use the full published values: 0.04957% on OKX and 0.05957% on Binance.

Binance settled at 0.0100% four times out of nine. Bitget hit that level twice and OKX twice. Each of Bitget and OKX had one settlement where shorts paid longs. That is the whole difference: on a quiet stretch, a few settlements at the 0.01% level against a few lower ones decide which venue costs more.

The amounts assume the position stays at $10,000. In practice the position value moves with the mark price, so a long that gains value pays slightly more funding on the next settlement. BTC traded at 75,744.6 USDT on OKX's perpetual and at a mark price of 75,746.13 on Binance when we read the data, so the three venues were pricing the same market.

ETH and SOL rank the venues differently

We ran the same nine settlements for ETH and SOL. The ranking flips.

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On ETH, Bitget's longs paid the most, $5.71, because its rate stayed between 0.0037% and 0.0100% at every settlement. OKX had one negative ETH settlement at 08:00 SGT on November 6, which pulled its total down to $3.86. On SOL, OKX was also the cheapest at $3.47 and Binance the dearest at $5.71, after Binance settled SOL at 0.0100% twice on November 5.

So no single venue had the cheapest funding across all three coins. If you hold one coin for days, compare that coin on that venue. A general "cheapest exchange" claim does not survive three coins.

Funding plus the trading fee: the full three-day cost

Funding is only one of two costs. The other is the fee on opening and closing the position. At the standard tier, Bitget charges 0.06% taker on USDT-margined futures (its BTCUSDT contract endpoint and its fee support article agree). OKX and Binance both charge 0.05% taker on USDT-margined perpetuals, according to our exchange facts file, which records reads of their official fee pages on November 7, 2026.

A market-order round trip is two fills: $10,000 × 0.06% × 2 = $12.00 on Bitget, and $10,000 × 0.05% × 2 = $10.00 on OKX and on Binance.

Our partner registry, fetched at the start of this run, lists a 60% fee share for Bitget, settled automatically each day, and a 20% share for OKX, settled automatically each hour. On Bitget, $12.00 × 60% = $7.20 comes back, leaving $4.80. On OKX, $10.00 × 20% = $2.00 comes back, leaving $8.00. The share is a part of the fee you paid, not a percentage of your position.

The Binance column shows the standard fee with no fee share applied. Run the same table for ETH and Bitget's total becomes $4.80 + $5.71 = $10.51 against OKX's $8.00 + $3.86 = $11.86. Bitget still comes out lower on the full cost, but by $1.35 rather than $4.51.

For a short, the funding line flips sign. Over the nine BTC settlements combined, a short received the totals above. On Bitget a three-day BTC short would have received $3.65 and paid $4.80 in net fees, a net cost of $1.15. ETH shows how much the coin matters for shorts. A three-day ETH short on Bitget received $5.71 in funding against $4.80 in net fees, ending $0.91 ahead. The same short on OKX received $3.86 against $8.00 in net fees, a net cost of $4.14. Those are past settlements, not a forecast; the next nine can look quite different.

What the next settlement looks like

At 06:50 SGT on November 8, the rates shown for the 08:00 SGT settlement were:

• BTC: 0.0100% on Bitget, 0.0100% on OKX, 0.0054% on Binance.
• ETH: 0.0054% on Bitget, 0.0065% on OKX, 0.0056% on Binance.
• SOL: 0.0050% on Bitget, 0.0050% on OKX, 0.0014% on Binance.

These are the current-period figures from each venue's public endpoint, and they can move before settlement. Bitget's endpoint also lists the cap: BTCUSDT funding can range from -0.3% to 0.3% per interval, and SOLUSDT from -0.375% to 0.375%. At the cap, $10,000 of BTC would pay or receive $30 in one settlement. Rates near zero this week say nothing about where they will sit next week.

Our funding rates board shows the live rates across venues if you want to check before you open a position.

How to use this before you open a position

1. Decide how long you will hold. For a position closed within one eight-hour window, the fee matters far more than funding: $12 or $10 in fees against an average of $0.41 to $0.66 per BTC settlement this week ($3.65, $4.96 and $5.96 divided by nine).
2. For a multi-day hold, look at the coin you trade. On BTC this week Bitget's longs paid the least; on ETH and SOL, OKX's did.
3. Check the settlement times in SGT. A position opened at 07:55 SGT and closed at 08:05 SGT pays one full settlement. One opened at 08:05 and closed at 15:55 pays none.
4. Use limit orders where you can. The maker rate is 0.02% on all three venues, so a maker round trip on $10,000 costs $4.00 before any fee share.
5. Add the fee share last, and only for the account you actually use. It applies to accounts registered through the route on our Bitget page or OKX page. The registry code is nexu888 on both.

If you want the fee side alone with more position sizes, our earlier piece on Bitget vs OKX futures fees works through it.

What we could not confirm

We did not read VIP-tier fee rates, so the fee lines apply to standard accounts only. The OKX and Binance fee rates come from our exchange facts file (read November 7), not from a fresh read of their fee pages in this run. We also did not test whether a funding interval changed during the window on any venue; the timestamps in all three histories were evenly spaced eight hours apart.

Quick answers

Which exchange had the lowest BTC funding this week?

Bitget. A $10,000 BTC long paid $3.65 over nine settlements, against $4.96 on OKX and $5.96 on Binance.

Is funding paid to the exchange?

No. Binance's explainer says funding passes between long and short holders. Positive rates mean longs pay shorts.

How often is funding charged?

Every eight hours on all three venues for BTC, ETH and SOL USDT perpetuals: 08:00, 16:00 and 00:00 SGT.

Does the fee share apply to funding?

No. The share in our registry applies to trading fees. Funding is a transfer between traders and is not part of it.