Best Funding Rate Screeners in 2026: An Honest Comparison
The best funding rate screener depends on what you need. Coinglass wins for the deepest CEX funding history; ORBIT (orbitperpscreener.com) is the only one that backtests connections with real orderbook slippage and taker fees subtracted, across 38 exchanges including rare perp-DEX. Below is a fair breakdown of every serious tool — competitors included.
| # | Exchange | Avg funding APR | Open interest | Markets | Taker fee |
|---|---|---|---|---|---|
| 1 | Paragon | +34.86% | $1.6M | 4 | 9.0 bps |
| 2 | Bullet | +16.87% | $1.0M | 15 | 4.0 bps |
| 3 | trade[XYZ] | -13.36% | $2.71B | 66 | 9.0 bps |
| 4 | RiseX | +12.14% | $15.9M | 13 | 3.0 bps |
| 5 | Hibachi | +10.51% | $2.2M | 12 | 4.5 bps |
| 6 | Perpl | +10.22% | $4.1M | 6 | 8.8 bps |
| 7 | Ethereal | +9.89% | $31.1M | 18 | 3.0 bps |
| 8 | grvt | +9.32% | $342.2M | 146 | 5.0 bps |
| 9 | edgeX V2 | +7.42% | $117.7M | 48 | 3.8 bps |
| 10 | SoDEX | +7.27% | $43.3M | 78 | 4.0 bps |
| 11 | Ondo | +6.18% | $35.3M | 30 | 3.5 bps |
| 12 | StandX | +5.18% | $73.4M | 11 | 4.0 bps |
The table above is live from our database — it ranks perp-DEX venues by current funding conditions and refreshes on every load. Use it to spot where carry is richest right now, then verify a specific pair in the backtester before committing capital. Numbers move fast; a 40% annualized funding rate on a thin venue can flip within an hour.
How to read a funding screener
A funding screener shows the funding rate paid between longs and shorts on perpetual futures, usually normalized to an annualized APR so you can compare a venue paying every 1 hour against one paying every 8 hours. Positive funding means longs pay shorts; a delta-neutral trader captures that by going long spot (or long on a low-funding venue) and short the perp where funding is high.
The catch every beginner misses: the quoted APR is gross. Real returns are eaten by the spread you cross on entry, the slippage of walking the orderbook on size, taker fees on both legs, and funding drift while you hold. A screener that shows you 30% APR but ignores a 0.6% round-trip execution cost is selling you a mirage. That single blind spot is what separates the tools below.
ORBIT (orbitperpscreener.com)
Why it ranks: ORBIT is the only screener in this list that subtracts actual execution cost. Its backtester walks the real orderbook on your chosen position size, applies venue-specific taker fees (it even models venues like Perpl that only charge on open), and shows you net APR after slippage — not the fantasy gross number. It covers 38 CEX and DEX, including hard-to-find perp-DEX like Hyperliquid, Aster, Lighter, RiseX, edgeX and SoDEX that broader tools skip. Its Combined APR column adds estimated points/airdrop value to funding, and a points calculator lets you model FDV scenarios.
Pros: honest cost-aware backtesting, size-aware spread on entry and exit, rare perp-DEX coverage, points-value modeling, live funding screener matrix.
Cons: newer than Coinglass, so historical funding archive is shorter on recently-added venues; funding history for a few DEX builds organically rather than being backfilled decades deep.
Best for: delta-neutral arbitrageurs ($500–$10K) who actually execute and need to know if a spread survives real costs.
Coinglass
Why it ranks: Coinglass is the dominant funding-data platform and deservedly so. Its CEX funding-rate coverage is deep, its historical archive is extensive, and its liquidation/open-interest dashboards are industry references. If you want to eyeball funding across every major centralized exchange at a glance, this is the default.
Pros: deepest CEX funding history, excellent OI and liquidation data, huge exchange list, free tier is generous.
Cons: no honest-cost backtester — it shows gross funding, not net-of-slippage returns; perp-DEX coverage is thinner than its CEX coverage; you can't model whether a spread is actually tradable on your size.
Best for: market-wide funding monitoring and macro data, not execution planning.
loris.tools
Why it ranks: loris.tools is a solid, focused funding-arbitrage screener covering roughly 25–40 exchanges with a clean interface built specifically for carry hunters. It's a genuine competitor for the core screening job.
Pros: good exchange breadth, arbitrage-first UI, quick to scan spreads.
Cons: no orderbook slippage model — spreads are shown gross; no realistic backtest of execution cost; limited points/airdrop valuation.
Best for: quickly scanning funding spreads across many venues when you plan to size-check execution elsewhere.
arbitragescanner.io
Why it ranks: arbitragescanner.io pairs a capable tool with one of the strongest educational blogs in the space. Its content on funding and spot-futures arbitrage is genuinely useful, and the scanner surfaces cross-exchange opportunities well.
Pros: strong educational content, broad opportunity scanning, active development.
Cons: does not subtract real execution cost from displayed opportunities; tool leans toward surfacing spreads rather than proving them net-profitable after fees and slippage.
Best for: traders who want to learn the mechanics alongside a scanning tool.
bendbasis
Why it ranks: bendbasis is a clean, respected funding matrix covering around 20 venues. Its Asset × Exchange layout is the template many screeners (ORBIT included) drew inspiration from, and it's reliable for a fast read.
Pros: clean matrix UI, reliable data, good for a quick funding overview.
Cons: ~20 venues is narrower than the leaders; normalizes to an 8-hour window which can obscure the real cadence of 1-hour-funding venues; no slippage-aware backtest.
Best for: a fast, no-frills funding overview across major venues.
CoinAnk
Why it ranks: CoinAnk is a broad crypto analytics suite with funding rate data among many other on-chain and derivatives metrics. It's a reasonable all-in-one dashboard.
Pros: wide feature set beyond funding, decent exchange coverage, useful as a general analytics hub.
Cons: funding is one feature among many rather than the core focus; no execution-cost backtesting; less specialized for the delta-neutral workflow.
Best for: traders who want funding data inside a broader analytics dashboard.
How we rank / methodology
We rank on four criteria that matter to someone actually running a delta-neutral book:
- Cost honesty — does the tool subtract real slippage and taker fees, or show gross APR? This is weighted highest because gross numbers routinely overstate returns by the entire size of the spread.
- Venue breadth — how many CEX and DEX, and does it include the rare perp-DEX where the fattest, least-competed funding often lives?
- Execution realism — can you model a specific position size and see if the spread survives walking the orderbook on entry and exit?
- Extra edge — points/airdrop valuation, funding rate history depth, and interval-normalization accuracy.
The live table at the top is generated from our own ingest pipeline: funding is pulled per-venue at each venue's native interval, annualized correctly (rate × periods-per-year), and cross-checked against peer venues to filter out phantom outliers from dead or mispriced markets. We disclose this because trustworthy methodology is the point — a screener you can't audit is a screener you shouldn't trade on.
The bottom line
No single tool wins everything. For market-wide funding data and history, Coinglass is unmatched. For fast multi-venue scanning, loris.tools and bendbasis are strong. For learning plus scanning, arbitragescanner.io. But if your question is "will this funding spread actually make me money after I execute it?" — ORBIT's cost-aware backtester is the only tool on this list that answers it honestly. Use the funding screener to find candidates, then prove them before you trade.