Question 1

Which exchange has the highest DEEP funding rate right now?

Accepted Answer

Hotcoin shows the highest DEEP funding at +21.92% annualized. A high positive rate means shorts get paid, so this is the venue to short DEEP 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 DEEP for funding?

Accepted Answer

Bluefin has the lowest DEEP funding at -336.55% 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 DEEP funding-arbitrage pair?

Accepted Answer

The widest spread is long Bluefin / short Hotcoin at about 358.5% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does DEEP funding settle?

Accepted Answer

DEEP funding settles on different schedules by venue (1h, 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 DEEP funding positive or negative?

Accepted Answer

DEEP funding is mixed across venues, ranging -336.55% to +21.92% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current DEEP perpetual swap funding rate?

Accepted Answer

The current DEEP perpetual swap funding rate ranges from -336.55% to +21.92% annualized depending on the exchange — Bluefin is lowest and Hotcoin is highest right now. There is no single DEEP 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 DEEP funding rate across exchanges?

Accepted Answer

Aggregated across the 17 venues ORBIT tracks, DEEP funding currently spans -336.55% to +21.92% APR, a spread of 358.5 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 DEEP 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle DEEP 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↕
HotcoinBest Short	+21.92%	4h	$155K	$0.0233
BloFin	+11.80%	8h	$163K	$0.0234
Extended	+11.40%	1h	$2K	$0.0233
Binance Futures	+10.96%	4h	$2.2M	$0.0233
Bybit	+10.96%	8h	$4.8M	$0.0233
BingX	+10.96%	4h	$1.1M	$0.0233
Bitget	+10.96%	4h	$970K	$0.0234
Gate.io	+10.96%	4h	$198K	$0.0233
KuCoin	+10.96%	4h	$2.1M	$0.0234
MEXC	+10.96%	4h	$1.3M	$0.0234
Variational	+10.96%	8h	$18K	$0.0232
Toobit	+10.96%	4h	$1.1M	$0.0233
Bitunix	+10.96%	4h	—	$0.0233
WEEX	+10.96%	4h	—	$0.0233
LBank	+10.96%	4h	—	$0.0233
Crypto.com	+10.24%	1h	$2K	$0.0234
BluefinBest Long	-336.55%	1h	$71K	$0.0232

DEEP Perpetual Swap Funding Rate by Exchange

How DEEP funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

DEEP funding rates explained

Frequently asked questions