Question 1

Which exchange has the highest ENSO funding rate right now?

Accepted Answer

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

Accepted Answer

BloFin has the lowest ENSO funding at +7.14% 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 ENSO funding-arbitrage pair?

Accepted Answer

The widest spread is long BloFin / short Binance Futures at about 3.8% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does ENSO funding settle?

Accepted Answer

ENSO 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 ENSO funding positive or negative?

Accepted Answer

ENSO funding is currently positive across venues (longs pay shorts), ranging +7.14% to +10.96% APR.

Question 6

What is the current ENSO perpetual swap funding rate?

Accepted Answer

The current ENSO perpetual swap funding rate ranges from +7.14% to +10.96% annualized depending on the exchange — BloFin is lowest and Binance Futures is highest right now. There is no single ENSO 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 ENSO funding rate across exchanges?

Accepted Answer

Aggregated across the 16 venues ORBIT tracks, ENSO funding currently spans +7.14% to +10.96% APR, a spread of 3.8 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 ENSO 8h funding rate versus the annualized rate?

Accepted Answer

ENSO 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 Short	+10.96%	4h	$5.1M	$1.0082
Bybit	+10.96%	4h	$1.6M	$1.0056
OKX	+10.96%	4h	$637K	$1.0078
BingX	+10.96%	4h	$2.3M	$1.0068
Bitget	+10.96%	4h	$841K	$1.0075
Gate.io	+10.96%	4h	$120K	$1.0073
KuCoin	+10.96%	4h	$857K	$1.0061
MEXC	+10.96%	4h	$394K	$1.0058
Aster	+10.96%	4h	$47K	$1.0068
Variational	+10.96%	4h	$34K	$1.0055
Toobit	+10.96%	4h	$125K	$1.0061
Bitunix	+10.96%	4h	—	$1.0064
WEEX	+10.96%	4h	$7.2M	$1.0064
Pionex	+10.96%	4h	$19K	$1.0083
LBank	+10.96%	4h	—	$1.006
BloFinBest Long	+7.14%	4h	$265K	$1.0075

ENSO Perpetual Swap Funding Rate by Exchange

How ENSO funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

ENSO funding rates explained

Frequently asked questions