Question 1

Which exchange has the highest COOKIE funding rate right now?

Accepted Answer

Binance Futures shows the highest COOKIE funding at +10.96% annualized. A high positive rate means shorts get paid, so this is the venue to short COOKIE 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 COOKIE for funding?

Accepted Answer

LBank has the lowest COOKIE 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 COOKIE funding-arbitrage pair?

Accepted Answer

The widest spread is long Binance Futures / short Binance Futures at about 0.0% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does COOKIE funding settle?

Accepted Answer

COOKIE funding settles every 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 COOKIE funding positive or negative?

Accepted Answer

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

Question 6

What is the current COOKIE perpetual swap funding rate?

Accepted Answer

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

Accepted Answer

Aggregated across the 13 venues ORBIT tracks, COOKIE funding currently spans +10.96% to +10.96% APR, a spread of 0.0 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 COOKIE 8h funding rate versus the annualized rate?

Accepted Answer

COOKIE 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↕
Binance FuturesBest LongBest Short	+10.96%	4h	$1.8M	$0.0124
Bybit	+10.96%	4h	$1.0M	$0.0124
BingX	+10.96%	4h	$942K	$0.0124
Bitget	+10.96%	4h	$384K	$0.0125
Gate.io	+10.96%	4h	$61K	$0.0124
KuCoin	+10.96%	4h	$205K	$0.0125
MEXC	+10.96%	4h	$548K	$0.0125
Variational	+10.96%	4h	$10K	$0.0124
Toobit	+10.96%	4h	$156K	$0.0124
Bitunix	+10.96%	4h	—	$0.0124
WEEX	+10.96%	4h	$7.3M	$0.0124
Pionex	+10.96%	4h	$3K	$0.0125
LBank	+10.96%	4h	—	$0.0124

COOKIE Perpetual Swap Funding Rate by Exchange

How COOKIE funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

COOKIE funding rates explained

Frequently asked questions