Question 1

Which exchange has the highest GPS funding rate right now?

Accepted Answer

Extended shows the highest GPS funding at +11.40% annualized. A high positive rate means shorts get paid, so this is the venue to short GPS 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 GPS for funding?

Accepted Answer

WEEX has the lowest GPS funding at +9.88% 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 GPS funding-arbitrage pair?

Accepted Answer

The widest spread is long WEEX / short Binance Futures at about 1.1% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does GPS funding settle?

Accepted Answer

GPS 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 GPS funding positive or negative?

Accepted Answer

GPS funding is currently positive across venues (longs pay shorts), ranging +9.88% to +11.40% APR.

Question 6

What is the current GPS perpetual swap funding rate?

Accepted Answer

The current GPS perpetual swap funding rate ranges from +9.88% to +11.40% annualized depending on the exchange — WEEX is lowest and Extended is highest right now. There is no single GPS 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 GPS funding rate across exchanges?

Accepted Answer

Aggregated across the 17 venues ORBIT tracks, GPS funding currently spans +9.88% to +11.40% APR, a spread of 1.1 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 GPS 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle GPS 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↕
Extended	+11.40%	1h	$1K	$0.0108
Binance FuturesBest Short	+10.96%	4h	$7.6M	$0.0108
Bybit	+10.96%	4h	$1.2M	$0.0108
OKX	+10.96%	4h	$747K	$0.0108
BingX	+10.96%	4h	$1.1M	$0.0108
Bitget	+10.96%	4h	$839K	$0.0108
Gate.io	+10.96%	8h	$304K	$0.0108
HTX	+10.96%	4h	$15K	$0.0107
KuCoin	+10.96%	4h	$498K	$0.0108
MEXC	+10.96%	4h	$3.1M	$0.0108
Aster	+10.96%	4h	$4K	$0.0108
Variational	+10.96%	4h	$5K	$0.0107
Toobit	+10.96%	4h	$162K	$0.0108
Bitunix	+10.96%	4h	—	$0.0108
Pionex	+10.96%	4h	$5K	$0.0108
LBank	+10.96%	4h	—	$0.0108
WEEXBest Long	+9.88%	4h	$398K	$0.0108

GPS Perpetual Swap Funding Rate by Exchange

How GPS funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

GPS funding rates explained

Frequently asked questions