CROSS perpetual futures funding rates — also called perpetual swap funding rates — are aggregated live by exchange across 13 venues on ORBIT. Funding is the recurring payment exchanged between long and short traders that keeps a perpetual swap tethered to the spot price — when it is positive, longs pay shorts; when negative, shorts pay longs. Right now CROSS funding ranges from +10.96% annualized on Variational to +45.80% on BingX.
The widest cross-exchange funding spread for CROSS is currently 34.8% APR. A delta-neutral funding trade captures this gap by going long on Bitget — where funding is lowest, so the long leg is paid or pays the least — and short on BingX, where funding is highest, so the short leg collects. Because the two legs are equal and opposite, the asset's price moves cancel out and what is left is the funding spread. ORBIT's backtester replays the real funding history of both legs and subtracts live taker fees and order-book slippage, so the result is net PnL, not a headline number.
CROSS ranks #68 by open interest among tracked perpetual assets, total open interest across covered venues is $145.3M, 24h volume is $50.5M, the volume-weighted mark price is $0.1452. Deeper liquidity means a funding spread can be traded at larger size with lower slippage — use the Min OI filter on the screener to surface only markets you can realistically enter and exit.
Frequently asked questions
- Which exchange has the highest CROSS funding rate right now?
- BingX shows the highest CROSS funding at +45.80% annualized. A high positive rate means shorts get paid, so this is the venue to short CROSS when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.
- Which exchange is best to long CROSS for funding?
- Variational has the lowest CROSS 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.
- What is the best CROSS funding-arbitrage pair?
- The widest spread is long Bitget / short BingX at about 34.8% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.
- How often does CROSS funding settle?
- CROSS 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.
- Is CROSS funding positive or negative?
- CROSS funding is currently positive across venues (longs pay shorts), ranging +10.96% to +45.80% APR.
- What is the current CROSS perpetual swap funding rate?
- The current CROSS perpetual swap funding rate ranges from +10.96% to +45.80% annualized depending on the exchange — Variational is lowest and BingX is highest right now. There is no single CROSS 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.
- What is the aggregated CROSS funding rate across exchanges?
- Aggregated across the 13 venues ORBIT tracks, CROSS funding currently spans +10.96% to +45.80% APR, a spread of 34.8 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.
- How do I read the CROSS 8h funding rate versus the annualized rate?
- CROSS 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.
BingXBest Short
Bybit
KuCoin
Bitunix
Toobit
Pionex
LBank
Binance Futures
WEEX
MEXC
BitgetBest Long
Gate.io
Variational