Question 1

Which exchange has the highest BYD funding rate right now?

Accepted Answer

Hotcoin shows the highest BYD funding at +21.92% annualized. A high positive rate means shorts get paid, so this is the venue to short BYD 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 BYD for funding?

Accepted Answer

WEEX has the lowest BYD funding at -23.19% 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 BYD funding-arbitrage pair?

Accepted Answer

The widest spread is long WEEX / short Hotcoin at about 45.1% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does BYD funding settle?

Accepted Answer

BYD funding settles on different schedules by venue (1h, 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 BYD funding positive or negative?

Accepted Answer

BYD funding is mixed across venues, ranging -23.19% to +21.92% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current BYD perpetual swap funding rate?

Accepted Answer

The current BYD perpetual swap funding rate ranges from -23.19% to +21.92% annualized depending on the exchange — WEEX is lowest and Hotcoin is highest right now. There is no single BYD 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 BYD funding rate across exchanges?

Accepted Answer

Aggregated across the 12 venues ORBIT tracks, BYD funding currently spans -23.19% to +21.92% APR, a spread of 45.1 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 BYD 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle BYD 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↕
HotcoinBest Short	+21.92%	4h	—	$9.67
Aftermath	+21.78%	1h	$0K	$9.655
Bitunix	+6.66%	4h	—	$9.66
Bybit	+0.00%	8h	$183K	$9.67
Bitget	+0.00%	8h	$153K	$9.682
Gate.io	+0.00%	8h	$61K	$9.669
HTX	+0.00%	4h	$10K	$9.675
KuCoin	+0.00%	8h	$16K	$9.668
Toobit	+0.00%	4h	$61K	$9.65
CoinW	+0.00%	4h	—	$9.592
LBank	+0.00%	4h	—	$9.66
WEEXBest Long	-23.19%	4h	$2K	$9.66

BYD Perpetual Swap Funding Rate by Exchange

How BYD funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

BYD funding rates explained

Frequently asked questions