M perpetuals
Compare funding costs for one asset across venues.
Data as of 2026-09-09 12:46 UTC
M is quoted on 5 contracts. The highest funding rate is on Bybit at +312.94% annualised over a 4h rate period, and the lowest is on Bitget at +10.95% — a gap of 301.99 points. Rate periods differ by venue, so rates are normalised to simple annualised values. Payment direction depends on whether the position is long or short.
By venue
| Venue | Rate | Annualised | 30d realised APR | Max leverage | 24h turnover | Actions |
|---|---|---|---|---|---|---|
| BybitCentralisedMUSDT | +0.1429%4h | +312.94% | — no history yet |
20x | 1.5M | |
| GateCentralisedM_USDT | +0.0147%8h | +16.10% | — no history yet |
10x | 482.2K | |
| AsterOn-chainMUSDT | +0.0013%1h | +10.95% | — no history yet |
— | 7.6K | |
| BinanceCentralisedMUSDT | +0.0050%4h | +10.95% | — no history yet |
10x | 2.8M | |
| BitgetCentralisedMUSDT | +0.0050%4h | +10.95% | — no history yet |
10x | 268.3K |
M comparison scope and payment direction
This page retains low-turnover M contracts without the main ranking’s $1M threshold. Positive funding is paid by longs; negative funding is paid by shorts. High and low are rate values, not recommendations. Contracts can use different quote currencies, settlement currencies and multipliers; check their specifications before comparing. Annualisation method · Official sources.
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Margin ladders
Bybit · MUSDT With deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 5000 quote | 2.5000% | 20.00x | — |
| 2 | 5000 – 6000 quote | 2.6300% | 19.00x | 6.5 |
| 3 | 6000 – 7000 quote | 2.7800% | 18.00x | 15.5 |
| 4 | 7000 – 8000 quote | 2.9400% | 17.00x | 26.7 |
| 5 | 8000 – 9000 quote | 3.1300% | 16.00x | 41.9 |
| 6 | 9000 – 10000 quote | 3.3300% | 15.00x | 59.9 |
| 7 | 10000 – 12000 quote | 3.5700% | 14.00x | 83.9 |
| 8 | 12000 – 14000 quote | 3.8500% | 13.00x | 117.5 |
| 9 | 14000 – 16000 quote | 4.1700% | 12.00x | 162.3 |
| 10 | 16000 – 18000 quote | 4.5500% | 11.00x | 223.1 |
| 11 | 18000 – 20000 quote | 5.0000% | 10.00x | 304.1 |
| 12 | 20000 – 22000 quote | 5.2600% | 9.50x | 356.1 |
| 13 | 22000 – 24000 quote | 5.5600% | 9.00x | 422.1 |
| 14 | 24000 – 26000 quote | 5.8800% | 8.50x | 498.9 |
| 15 | 26000 – 28000 quote | 6.2500% | 8.00x | 595.1 |
| 16 | 28000 – 30500 quote | 6.6700% | 7.50x | 712.7 |
| 17 | 30500 – 34000 quote | 7.1400% | 7.00x | 856.05 |
| 18 | 34000 – 37500 quote | 7.6900% | 6.50x | 1043.05 |
| 19 | 37500 – 41000 quote | 8.3300% | 6.00x | 1283.05 |
| 20 | 41000 – 44500 quote | 9.0900% | 5.50x | 1594.65 |
| 21 | 44500 – 50000 quote | 10.0000% | 5.00x | 1999.6 |
| 22 | 50000 – 75000 quote | 11.1100% | 4.50x | 2554.6 |
| 23 | 75000 – 100000 quote | 12.5000% | 4.00x | 3597.1 |
| 24 | 100000 – 150000 quote | 14.2900% | 3.50x | 5387.1 |
| 25 | 150000 – 200000 quote | 16.6700% | 3.00x | 8957.1 |
| 26 | 200000 – 300000 quote | 20.0000% | 2.50x | 15617.1 |
| 27 | 300000 – 500000 quote | 25.0000% | 2.00x | 30617.1 |
| 28 | 500000 – 1000000 quote | 28.5700% | 1.75x | 48467.1 |
| 29 | 1000000 – 1750000 quote | 33.3300% | 1.50x | 96067.1 |
| 30 | 1750000 – ∞ quote | 50.0000% | 1.00x | 387792.1 |
Gate · M_USDT With deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 10000 quote | 8.0000% | 10.00x | — |
| 2 | 10000 – 20000 quote | 9.0000% | 9.00x | 100 |
| 3 | 20000 – 30000 quote | 10.0000% | 8.00x | 300 |
| 4 | 30000 – 50000 quote | 12.0000% | 7.00x | 900 |
| 5 | 50000 – 70000 quote | 14.0000% | 6.00x | 1900 |
| 6 | 70000 – 100000 quote | 17.0000% | 5.00x | 4000 |
| 7 | 100000 – 200000 quote | 22.0000% | 4.00x | 9000 |
| 8 | 200000 – 300000 quote | 30.0000% | 3.00x | 25000 |
| 9 | 300000 – 500000 quote | 45.0000% | 2.00x | 70000 |
| 10 | 500000 – 700000 quote | 50.0000% | 1.80x | 95000 |
| 11 | 700000 – 1000000 quote | 60.0000% | 1.50x | 165000 |
| 12 | 1000000 – 1500000 quote | 78.0000% | 1.20x | 345000 |
| 13 | 1500000 – ∞ quote | 90.0000% | 1.05x | 525000 |
Binance · MUSDT With deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 10000 quote | 5.0000% | 10.00x | — |
| 2 | 10000 – 60000 quote | 10.0000% | 5.00x | 500 |
| 3 | 60000 – 70000 quote | 12.5000% | 4.00x | 2000 |
| 4 | 70000 – 250000 quote | 16.6700% | 3.00x | 4919 |
| 5 | 250000 – 2500000 quote | 25.0000% | 2.00x | 25744 |
| 6 | 2500000 – 5000000 quote | 50.0000% | 1.00x | 650744 |
Bitget · MUSDT No deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 5000 quote | 5.0000% | 10.00x | — |
| 2 | 5000 – 10000 quote | 7.0000% | 8.00x | — |
| 3 | 10000 – 50000 quote | 9.0000% | 6.00x | — |
| 4 | 50000 – 100000 quote | 10.0000% | 5.00x | — |
| 5 | 100000 – 200000 quote | 12.5000% | 4.00x | — |
| 6 | 200000 – 500000 quote | 30.0000% | 2.00x | — |
| 7 | 500000 – ∞ quote | 60.0000% | 1.00x | — |