Question 1

Which exchange has the highest GBP funding rate right now?

Accepted Answer

Hotcoin shows the highest GBP funding at +0.42% annualized. A high positive rate means shorts get paid, so this is the venue to short GBP 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 GBP for funding?

Accepted Answer

MEXC has the lowest GBP funding at -16.00% 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 GBP funding-arbitrage pair?

Accepted Answer

The widest spread is long MEXC / short Bybit at about 16.0% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does GBP funding settle?

Accepted Answer

GBP 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 GBP funding positive or negative?

Accepted Answer

GBP funding is mixed across venues, ranging -16.00% to +0.42% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current GBP perpetual swap funding rate?

Accepted Answer

The current GBP perpetual swap funding rate ranges from -16.00% to +0.42% annualized depending on the exchange — MEXC is lowest and Hotcoin is highest right now. There is no single GBP 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 GBP funding rate across exchanges?

Accepted Answer

Aggregated across the 12 venues ORBIT tracks, GBP funding currently spans -16.00% to +0.42% APR, a spread of 16.0 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 GBP 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle GBP 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↕
Hotcoin	+0.42%	8h	—	$1.3218
BybitBest Short	+0.00%	8h	$401K	$1.3238
Lighter	+0.00%	1h	$117K	$1.3226
Bitget	+0.00%	8h	$385K	$1.3222
Gate.io	+0.00%	8h	$85K	$1.3234
HTX	+0.00%	1h	$5K	$1.3194
trade[XYZ]	+0.00%	1h	$359K	$1.3204
Toobit	+0.00%	8h	$47K	$1.3219
CoinW	+0.00%	8h	—	$1.3221
LBank	-12.27%	4h	—	$1.3206
WEEX	-15.42%	4h	$352K	$1.3207
MEXCBest Long	-16.00%	4h	$21.8M	$1.3208

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
Hotcoin	+0.42%	8h	—	$1.3218
BybitBest Short	+0.00%	8h	$401K	$1.3238
Lighter	+0.00%	1h	$117K	$1.3226
Bitget	+0.00%	8h	$385K	$1.3222
Gate.io	+0.00%	8h	$85K	$1.3234
HTX	+0.00%	1h	$5K	$1.3194
trade[XYZ]	+0.00%	1h	$359K	$1.3204
Toobit	+0.00%	8h	$47K	$1.3219
CoinW	+0.00%	8h	—	$1.3221
LBank	-12.27%	4h	—	$1.3206
WEEX	-15.42%	4h	$352K	$1.3207
MEXCBest Long	-16.00%	4h	$21.8M	$1.3208

GBP Perpetual Swap Funding Rate by Exchange

How GBP funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

GBP funding rates explained

GBP Perpetual Swap Funding Rate by Exchange

How GBP funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

GBP funding rates explained

Frequently asked questions