BTW Perpetual Swap Funding Rate by Exchange
Bitway
How BTW funding actually paid this week
Top pairs by funding actually paid over the last 7 days on a $10,000 position, after entry and exit costs β not the instant APR.
Over the last week no BTW long/short pair paid enough funding to cover its entry and exit costs.
Past 7 days, not a forecast. Costs = taker fees on both venues, in and out. Upcoming payouts β
Funding Rates by Exchange
Funding Rates by Exchange
| Exchange | Funding APRβ | Interval | Open Interestβ | Mark Priceβ |
|---|---|---|---|---|
 KuCoinBest Short | +178.39% | 4h | $3.3M | $0.712 |
 Bybit | +60.09% | 4h | $5.8M | $0.7136 |
 Aster | +45.53% | 4h | $546K | $0.7118 |
 Gate.io | +28.27% | 4h | $13.0M | $0.71 |
 Extended | +11.40% | 1h | $18K | $0.7116 |
 Pionex | +11.25% | 4h | $207K | $0.7113 |
 Binance Futures | +10.96% | 4h | $12.8M | $0.7112 |
 Bitget | +10.96% | 4h | $20.3M | $0.7078 |
 HTX | +10.96% | 4h | $72K | $0.7147 |
 MEXC | +10.96% | 4h | $1.3M | $0.7109 |
 edgeX V2 | +10.96% | 4h | $146K | $0.7117 |
 Toobit | +10.96% | 4h | $3.1M | $0.7115 |
 WEEX | +10.96% | 4h | $80K | $0.7122 |
 CoinW | +10.96% | 4h | β | $0.712 |
 Bitunix | +9.86% | 4h | β | $0.7103 |
 BingX | -1.75% | 4h | $487K | $0.711 |
 OKXBest Long | -2.76% | 4h | $1.3M | $0.7088 |
BTW funding rates explained
Funding data updated 01:45 UTC, 2026-11-15
BTW (Bitway) perpetual futures funding rates β also called perpetual swap funding rates β are aggregated live by exchange across 17 venues on ORBIT. Funding is the recurring payment exchanged between long and short traders that keeps a perpetual swap tethered to the spot price β when it is positive, longs pay shorts; when negative, shorts pay longs. Right now BTW funding ranges from -2.76% annualized on OKX to +178.39% on KuCoin.
The widest cross-exchange funding spread for BTW is currently 181.2% APR. A delta-neutral funding trade captures this gap by going long on OKX β where funding is lowest, so the long leg is paid or pays the least β and short on KuCoin, where funding is highest, so the short leg collects. Because the two legs are equal and opposite, the asset's price moves cancel out and what is left is the funding spread. ORBIT's backtester replays the real funding history of both legs and subtracts live taker fees and order-book slippage, so the result is net PnL, not a headline number.
BTW ranks #94 by open interest among tracked perpetual assets, total open interest across covered venues is $62.5M, 24h volume is $241.0M, the volume-weighted mark price is $0.7101. Deeper liquidity means a funding spread can be traded at larger size with lower slippage β use the Min OI filter on the screener to surface only markets you can realistically enter and exit.
Frequently asked questions
- Which exchange has the highest BTW funding rate right now?
- KuCoin shows the highest BTW funding at +178.39% annualized. A high positive rate means shorts get paid, so this is the venue to short BTW when running a funding-arbitrage pair. Rates change every settlement window β check the live screener for the current value.
- Which exchange is best to long BTW for funding?
- OKX has the lowest BTW funding at -2.76% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.
- What is the best BTW funding-arbitrage pair?
- The widest spread is long OKX / short KuCoin at about 181.2% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.
- How often does BTW funding settle?
- BTW funding settles on different schedules by venue (1h, 4h). Longer intervals concentrate the same annualized rate into fewer, larger payments. ORBIT normalizes every venue to a common APR so they are directly comparable.
- Is BTW funding positive or negative?
- BTW funding is mixed across venues, ranging -2.76% to +178.39% APR β which is exactly what creates the cross-exchange arbitrage opportunity.
- What is the current BTW perpetual swap funding rate?
- The current BTW perpetual swap funding rate ranges from -2.76% to +178.39% annualized depending on the exchange β OKX is lowest and KuCoin is highest right now. There is no single BTW 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.
- What is the aggregated BTW funding rate across exchanges?
- Aggregated across the 17 venues ORBIT tracks, BTW funding currently spans -2.76% to +178.39% APR, a spread of 181.2 percentage points. An aggregated average hides the part that matters for trading β the gap between the cheapest and dearest venue β so the table above lists each exchange separately.
- How do I read the BTW 8h funding rate versus the annualized rate?
- BTW does not settle on an 8-hour schedule on the venues tracked here. Because intervals differ by exchange, comparing raw per-payment rates is misleading; ORBIT normalizes each venue to annualized APR so the numbers are directly comparable.