Question 1

Which exchange has the highest BNC funding rate right now?

Accepted Answer

Bybit shows the highest BNC funding at +136.42% annualized. A high positive rate means shorts get paid, so this is the venue to short BNC 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 BNC for funding?

Accepted Answer

Bitget has the lowest BNC funding at -125.03% 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 BNC funding-arbitrage pair?

Accepted Answer

The widest spread is long Bitget / short Bybit at about 261.4% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does BNC funding settle?

Accepted Answer

BNC 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 BNC funding positive or negative?

Accepted Answer

BNC funding is mixed across venues, ranging -125.03% to +136.42% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current BNC perpetual swap funding rate?

Accepted Answer

The current BNC perpetual swap funding rate ranges from -125.03% to +136.42% annualized depending on the exchange — Bitget is lowest and Bybit is highest right now. There is no single BNC 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 BNC funding rate across exchanges?

Accepted Answer

Aggregated across the 12 venues ORBIT tracks, BNC funding currently spans -125.03% to +136.42% APR, a spread of 261.4 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 BNC 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle BNC 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↕
BybitBest Short	+136.42%	8h	$239K	$5.916
HTX	+70.99%	8h	$12K	$5.924
QFEX	+57.49%	1h	$595K	$5.8984
Aster	+44.80%	8h	$35K	$5.89
Bitunix	+22.70%	8h	—	$5.911
Toobit	+19.11%	8h	$282K	$5.905
KuCoin	+12.71%	8h	$50K	$5.917
WEEX	+9.29%	8h	$10K	$5.9147
Variational	+5.35%	8h	$64K	$5.9098
Hotcoin	+1.32%	8h	$2.9M	$5.918
Bullet	+0.00%	1h	$7K	$5.9122
BitgetBest Long	-125.03%	8h	$382K	$5.9242

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
BybitBest Short	+136.42%	8h	$239K	$5.916
HTX	+70.99%	8h	$12K	$5.924
QFEX	+57.49%	1h	$595K	$5.8984
Aster	+44.80%	8h	$35K	$5.89
Bitunix	+22.70%	8h	—	$5.911
Toobit	+19.11%	8h	$282K	$5.905
KuCoin	+12.71%	8h	$50K	$5.917
WEEX	+9.29%	8h	$10K	$5.9147
Variational	+5.35%	8h	$64K	$5.9098
Hotcoin	+1.32%	8h	$2.9M	$5.918
Bullet	+0.00%	1h	$7K	$5.9122
BitgetBest Long	-125.03%	8h	$382K	$5.9242

BNC Perpetual Swap Funding Rate by Exchange

How BNC funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

BNC funding rates explained

BNC Perpetual Swap Funding Rate by Exchange

How BNC funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

BNC funding rates explained

Frequently asked questions