Question 1

Which exchange has the highest BE funding rate right now?

Accepted Answer

Toobit shows the highest BE funding at +283.73% annualized. A high positive rate means shorts get paid, so this is the venue to short BE when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.

Question 2

Which exchange is best to long BE for funding?

Accepted Answer

Coinbase International has the lowest BE funding at -4.38% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.

Question 3

What is the best BE funding-arbitrage pair?

Accepted Answer

The widest spread is long Coinbase International / short Toobit at about 288.1% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does BE funding settle?

Accepted Answer

BE funding settles on different schedules by venue (1h, 8h). Longer intervals concentrate the same annualized rate into fewer, larger payments. ORBIT normalizes every venue to a common APR so they are directly comparable.

Question 5

Is BE funding positive or negative?

Accepted Answer

BE funding is mixed across venues, ranging -4.38% to +283.73% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current BE perpetual swap funding rate?

Accepted Answer

The current BE perpetual swap funding rate ranges from -4.38% to +283.73% annualized depending on the exchange — Coinbase International is lowest and Toobit is highest right now. There is no single BE funding rate: every venue runs its own funding formula and order book, which is why the rate has to be read by exchange rather than as one number.

Question 7

What is the aggregated BE funding rate across exchanges?

Accepted Answer

Aggregated across the 24 venues ORBIT tracks, BE funding currently spans -4.38% to +283.73% APR, a spread of 288.1 percentage points. An aggregated average hides the part that matters for trading — the gap between the cheapest and dearest venue — so the table above lists each exchange separately.

Question 8

How do I read the BE 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle BE every 8 hours quote the per-payment rate, which is charged three times a day. Multiply an 8h rate by 3 to get the daily figure and by 1,095 to annualize it. ORBIT converts every venue — 1h, 4h and 8h alike — to a common APR so an 8h rate and a 1h rate can be compared directly.

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
ToobitBest Short	+283.73%	8h	$1.8M	$286.49
Crypto.com	+43.83%	1h	$2K	$286.2
MEXC	+43.17%	8h	$1.4M	$285.98
trade[XYZ]	+39.88%	1h	$3.0M	$285.75
BloFin	+38.22%	8h	$46K	$286.47
LBank	+25.09%	8h	—	$286.02
Hotcoin	+25.07%	8h	$1.8M	$286.53
WEEX	+24.88%	8h	$1.6M	$286.55
CoinW	+24.88%	8h	—	$285.83
Extended	+24.54%	1h	$29K	$286.3861
Bitunix	+24.51%	8h	—	$286.12
OKX	+9.96%	8h	$2.7M	$285.68
QFEX	+8.03%	1h	$786K	$285.505
Ondo	+5.52%	1h	—	$285.6149
Arcus	+4.16%	1h	$162K	$286.37
Lighter Robinhood	+3.51%	1h	$368K	$285.86
Bybit	+1.80%	8h	$2.4M	$286.33
Bitget	+0.00%	8h	$1.6M	$285.88
Gate.io	+0.00%	8h	$1.1M	$285.9
HTX	+0.00%	8h	$29K	$287.12
KuCoin	+0.00%	8h	$262K	$286.01
Aster	+0.00%	8h	$370K	$286.29
grvt	+0.00%	8h	$8K	$285.9428
Coinbase InternationalBest Long	-4.38%	1h	$445K	$285.83

BE Perpetual Swap Funding Rate by Exchange

How BE funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

BE funding rates explained

Frequently asked questions