Question 1

Which exchange has the highest CAP funding rate right now?

Accepted Answer

BloFin shows the highest CAP funding at +79.62% annualized. A high positive rate means shorts get paid, so this is the venue to short CAP 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 CAP for funding?

Accepted Answer

BingX has the lowest CAP funding at +7.89% 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 CAP funding-arbitrage pair?

Accepted Answer

The widest spread is long BingX / short BloFin at about 71.7% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does CAP funding settle?

Accepted Answer

CAP 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.

Question 5

Is CAP funding positive or negative?

Accepted Answer

CAP funding is currently positive across venues (longs pay shorts), ranging +7.89% to +79.62% APR.

Question 6

What is the current CAP perpetual swap funding rate?

Accepted Answer

The current CAP perpetual swap funding rate ranges from +7.89% to +79.62% annualized depending on the exchange — BingX is lowest and BloFin is highest right now. There is no single CAP 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 CAP funding rate across exchanges?

Accepted Answer

Aggregated across the 20 venues ORBIT tracks, CAP funding currently spans +7.89% to +79.62% APR, a spread of 71.7 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 CAP 8h funding rate versus the annualized rate?

Accepted Answer

CAP 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.

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
BloFinBest Short	+79.62%	4h	$638K	$0.0756
KuCoin	+78.67%	4h	$4.2M	$0.0754
Pionex	+76.46%	4h	$17K	$0.0756
Binance Futures	+75.93%	4h	$15.1M	$0.0756
Toobit	+75.93%	4h	$1.7M	$0.0757
CoinW	+74.91%	4h	—	$0.0756
MEXC	+74.73%	4h	$491K	$0.0755
Hotcoin	+73.19%	4h	$1.0M	$0.0758
WEEX	+69.70%	4h	$20K	$0.0755
Gate.io	+62.02%	4h	$320K	$0.0756
Bitunix	+60.20%	4h	—	$0.0757
Crypto.com	+54.32%	1h	$9K	$0.0754
Aster	+34.24%	4h	$16K	$0.0755
Bitget	+32.22%	4h	$1.4M	$0.0756
OKX	+25.09%	4h	$4.0M	$0.0756
Bybit	+11.12%	4h	$5.1M	$0.0754
WOOFi Pro	+10.96%	4h	$1K	$0.0756
Variational	+10.96%	4h	$44K	$0.0755
Lighter	+10.52%	1h	$44K	$0.0757
BingXBest Long	+7.89%	4h	$477K	$0.0755

CAP Perpetual Swap Funding Rate by Exchange

How CAP funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

CAP funding rates explained

Frequently asked questions