Question 1

Which exchange has the highest C98 funding rate right now?

Accepted Answer

BloFin shows the highest C98 funding at +12.48% annualized. A high positive rate means shorts get paid, so this is the venue to short C98 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 C98 for funding?

Accepted Answer

LBank has the lowest C98 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 C98 funding-arbitrage pair?

Accepted Answer

The widest spread is long Binance Futures / short BloFin at about 1.5% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does C98 funding settle?

Accepted Answer

C98 funding settles every 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 C98 funding positive or negative?

Accepted Answer

C98 funding is currently positive across venues (longs pay shorts), ranging +10.96% to +12.48% APR.

Question 6

What is the current C98 perpetual swap funding rate?

Accepted Answer

The current C98 perpetual swap funding rate ranges from +10.96% to +12.48% annualized depending on the exchange — LBank is lowest and BloFin is highest right now. There is no single C98 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 C98 funding rate across exchanges?

Accepted Answer

Aggregated across the 12 venues ORBIT tracks, C98 funding currently spans +10.96% to +12.48% APR, a spread of 1.5 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 C98 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle C98 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↕
BloFinBest Short	+12.48%	8h	$154K	$0.0164
Binance FuturesBest Long	+10.96%	8h	$1.6M	$0.0164
Bybit	+10.96%	8h	$1.0M	$0.0164
Bitget	+10.96%	8h	$210K	$0.0164
Gate.io	+10.96%	8h	$52K	$0.0164
KuCoin	+10.96%	8h	$113K	$0.0164
MEXC	+10.96%	8h	$394K	$0.0164
Variational	+10.96%	8h	$8K	$0.0164
Toobit	+10.96%	8h	$74K	$0.0164
Bitunix	+10.96%	8h	—	$0.0164
WEEX	+10.96%	8h	—	$0.0164
LBank	+10.96%	8h	—	$0.0164

C98 Perpetual Swap Funding Rate by Exchange

How C98 funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

C98 funding rates explained

Frequently asked questions