Question 1

Which exchange has the highest CYS funding rate right now?

Accepted Answer

Toobit shows the highest CYS funding at +185.78% annualized. A high positive rate means shorts get paid, so this is the venue to short CYS 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 CYS for funding?

Accepted Answer

Bybit has the lowest CYS 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 CYS funding-arbitrage pair?

Accepted Answer

The widest spread is long Bybit / short Toobit at about 174.8% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does CYS funding settle?

Accepted Answer

CYS 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 CYS funding positive or negative?

Accepted Answer

CYS funding is currently positive across venues (longs pay shorts), ranging +10.96% to +185.78% APR.

Question 6

What is the current CYS perpetual swap funding rate?

Accepted Answer

The current CYS perpetual swap funding rate ranges from +10.96% to +185.78% annualized depending on the exchange — Bybit is lowest and Toobit is highest right now. There is no single CYS 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 CYS funding rate across exchanges?

Accepted Answer

Aggregated across the 16 venues ORBIT tracks, CYS funding currently spans +10.96% to +185.78% APR, a spread of 174.8 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.

Question 8

How do I read the CYS 8h funding rate versus the annualized rate?

Accepted Answer

CYS 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↕
ToobitBest Short	+185.78%	4h	$207K	$0.1613
Gate.io	+119.88%	4h	$225K	$0.1613
edgeX V2	+85.12%	4h	$7K	$0.1613
LBank	+84.82%	4h	—	$0.1614
WEEX	+84.77%	4h	$1.4M	$0.1614
Pionex	+83.17%	4h	$11K	$0.1614
MEXC	+83.06%	4h	$1.3M	$0.1609
Bitunix	+83.02%	4h	—	$0.1609
BingX	+80.43%	4h	$1.1M	$0.1608
Binance Futures	+78.48%	4h	$3.7M	$0.1608
Bitget	+77.36%	4h	$1.6M	$0.1614
KuCoin	+57.64%	4h	$1.4M	$0.1614
Aster	+55.15%	4h	$163K	$0.1612
Hotcoin	+21.92%	4h	$219K	$0.1614
Variational	+17.51%	4h	$23K	$0.1613
BybitBest Long	+10.96%	4h	$1.3M	$0.1615

CYS Perpetual Swap Funding Rate by Exchange

How CYS funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

CYS funding rates explained

Frequently asked questions