PANW (Palo Alto Networks Inc. (Nasdaq: PANW)) perpetual futures
PANW (Palo Alto Networks Inc. (Nasdaq: PANW)) perpetuals trade on 7 markets. 24h volume $5.56M, open interest $4.78M. Best funding APR +87.16% on mexc. Cheapest $100k execution (24h median): 20.31 bps on qfex.
Funding rates by venue
Live funding rate, price, liquidity and the funding actually paid over the last 24 hours, 7 and 30 days for PANW (Palo Alto Networks Inc. (Nasdaq: PANW)) on every venue we track.
| Exchange | Symbol | Price | 24h volume | Open interest | Funding / interval | Funding APR | Paid 24h | Paid 7d | Paid 30d |
|---|---|---|---|---|---|---|---|---|---|
| qfex | PANW-USD | 370.13 | $2.75M | $1.13M | 0.0000% | +0.00% | +0.0001% | +0.0001% | -0.0509% |
| bingx | NCSKPANW2USD-USDT | 372.03 | $1.22M | $942.5K | 0.0776% | +84.97% | +0.0000% | +0.0700% | +0.5664% |
| binance | PANWUSDT | 371.96 | $800.5K | $514.9K | 0.0794% | +86.94% | +0.0817% | +0.0817% | +0.3730% |
| bitget | PANWUSDT | 371.82 | $372.5K | $177.3K | 0.0000% | +0.00% | +0.0000% | +0.0000% | +0.0067% |
| bybit | PANWUSDT | 371.76 | $325.2K | $156.0K | 0.0000% | +0.00% | +0.0000% | +0.0000% | +0.0270% |
| mexc | PANWSTOCK_USDT | 371.84 | $90.7K | $1.79M | 0.0796% | +87.16% | +0.0814% | +0.0814% | +0.3731% |
| gateio | PANW_USDT | 371.88 | $4.5K | $66.7K | 0.0000% | +0.00% | +0.0000% | -0.0239% | +0.1867% |
Funding spread across venues
Across 7 venues the funding APR on PANW (Palo Alto Networks Inc. (Nasdaq: PANW)) runs from +0.00% on qfex to +87.16% on mexc. The gap between them is 87.16 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. Over the last 30 days the largest amount actually settled was +0.5664% of position size on bingx.
Funding history over 30 days
Over the last 30 days we recorded 1259 funding settlements for PANW (Palo Alto Networks Inc. (Nasdaq: PANW)) across 7 venues. The rate was positive in 14% of them, meaning longs paid shorts that often. The average annualised rate over the window was -0.62%. Summed over the window, bingx paid the most at +0.5664% of position size and qfex the least at -0.0509%.
Liquidity
Across the venues listed above PANW (Palo Alto Networks Inc. (Nasdaq: PANW)) shows $5.56M of 24h volume and $4.78M of open interest. The deepest venue by 24h volume is qfex at $2.75M.
Execution cost
The cheapest venue to open a $100k position in PANW (Palo Alto Networks Inc. (Nasdaq: PANW)), measured as the 24h median of the full cost including taker fee and slippage, is qfex at 20.31 bps. Funding only pays off once the cost of getting in and out is covered, so this number belongs next to the APR above.
What the funding rate on PANW (Palo Alto Networks Inc. (Nasdaq: PANW)) means
A perpetual future on PANW (Palo Alto Networks Inc. (Nasdaq: PANW)) 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 PANW (Palo Alto Networks Inc. (Nasdaq: PANW)) on different schedules: 1h, 8h.
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 PANW (Palo Alto Networks Inc. (Nasdaq: PANW)) position earned or cost money.
Frequently asked questions
What is the funding rate on PANW (Palo Alto Networks Inc. (Nasdaq: PANW)) right now?
Across 7 venues the funding APR on PANW (Palo Alto Networks Inc. (Nasdaq: PANW)) runs from +0.00% on qfex to +87.16% on mexc. The gap between them is 87.16 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. Over the last 30 days the largest amount actually settled was +0.5664% of position size on bingx.
Which venue has the most liquid PANW (Palo Alto Networks Inc. (Nasdaq: PANW)) perpetual?
Across the venues listed above PANW (Palo Alto Networks Inc. (Nasdaq: PANW)) shows $5.56M of 24h volume and $4.78M of open interest. The deepest venue by 24h volume is qfex at $2.75M.
How often is funding paid on PANW (Palo Alto Networks Inc. (Nasdaq: PANW))?
Venues settle PANW (Palo Alto Networks Inc. (Nasdaq: PANW)) on different schedules: 1h, 8h.
Has funding on PANW (Palo Alto Networks Inc. (Nasdaq: PANW)) been paid consistently?
Over the last 30 days we recorded 1259 funding settlements for PANW (Palo Alto Networks Inc. (Nasdaq: PANW)) across 7 venues. The rate was positive in 14% of them, meaning longs paid shorts that often. The average annualised rate over the window was -0.62%. Summed over the window, bingx paid the most at +0.5664% of position size and qfex the least at -0.0509%.
Data generated at 2026-09-22T00:08:10Z. Live numbers load on this page automatically.