Question 1

Which exchange has the highest CLO funding rate right now?

Accepted Answer

Toobit shows the highest CLO funding at +122.38% annualized. A high positive rate means shorts get paid, so this is the venue to short CLO 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 CLO for funding?

Accepted Answer

KuCoin has the lowest CLO 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 CLO funding-arbitrage pair?

Accepted Answer

The widest spread is long Bybit / short Toobit at about 111.4% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does CLO funding settle?

Accepted Answer

CLO 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 CLO funding positive or negative?

Accepted Answer

CLO funding is currently positive across venues (longs pay shorts), ranging +10.96% to +122.38% APR.

Question 6

What is the current CLO perpetual swap funding rate?

Accepted Answer

The current CLO perpetual swap funding rate ranges from +10.96% to +122.38% annualized depending on the exchange — KuCoin is lowest and Toobit is highest right now. There is no single CLO 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 CLO funding rate across exchanges?

Accepted Answer

Aggregated across the 13 venues ORBIT tracks, CLO funding currently spans +10.96% to +122.38% APR, a spread of 111.4 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 CLO 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle CLO 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↕
ToobitBest Short	+122.38%	4h	$134K	$0.059
Aster	+95.59%	4h	$21K	$0.059
Bitunix	+70.09%	4h	—	$0.059
CoinW	+69.35%	4h	—	$0.0591
Binance Futures	+69.30%	4h	$4.5M	$0.059
BloFin	+69.20%	4h	$271K	$0.0591
MEXC	+68.37%	4h	$667K	$0.059
BingX	+65.96%	4h	$1.1M	$0.0591
WEEX	+65.80%	4h	$5.4M	$0.0591
Pionex	+64.98%	4h	$9K	$0.0591
Gate.io	+38.90%	8h	$218K	$0.059
BybitBest Long	+10.96%	4h	$694K	$0.0591
KuCoin	+10.96%	4h	$1000K	$0.059

CLO Perpetual Swap Funding Rate by Exchange

How CLO funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

CLO funding rates explained

Frequently asked questions