Question 1

Which exchange has the highest BTR funding rate right now?

Accepted Answer

BingX shows the highest BTR funding at +184.74% annualized. A high positive rate means shorts get paid, so this is the venue to short BTR 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 BTR for funding?

Accepted Answer

HTX has the lowest BTR funding at +10.96% 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 BTR funding-arbitrage pair?

Accepted Answer

The widest spread is long HTX / short BingX at about 173.8% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does BTR funding settle?

Accepted Answer

BTR funding settles on different schedules by venue (4h, 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 BTR funding positive or negative?

Accepted Answer

BTR funding is currently positive across venues (longs pay shorts), ranging +10.96% to +184.74% APR.

Question 6

What is the current BTR perpetual swap funding rate?

Accepted Answer

The current BTR perpetual swap funding rate ranges from +10.96% to +184.74% annualized depending on the exchange — HTX is lowest and BingX is highest right now. There is no single BTR 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 BTR funding rate across exchanges?

Accepted Answer

Aggregated across the 13 venues ORBIT tracks, BTR funding currently spans +10.96% to +184.74% APR, a spread of 173.8 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 BTR 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle BTR 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↕
BingXBest Short	+184.74%	4h	$2.3M	$0.05
Bybit	+175.34%	4h	$2.4M	$0.0502
Gate.io	+167.10%	8h	$218K	$0.0501
KuCoin	+152.75%	4h	$1.3M	$0.0502
Pionex	+62.05%	4h	$28K	$0.0502
MEXC	+55.66%	4h	$1.2M	$0.0502
WEEX	+53.47%	4h	—	$0.0501
Binance Futures	+53.31%	4h	$4.5M	$0.05
LBank	+52.38%	4h	—	$0.0502
Bitunix	+51.26%	4h	—	$0.05
Toobit	+50.94%	4h	$206K	$0.0502
Aster	+28.83%	4h	$69K	$0.05
HTXBest Long	+10.96%	4h	$8K	$0.0506

BTR Perpetual Swap Funding Rate by Exchange

How BTR funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

BTR funding rates explained

Frequently asked questions