Question 1

Which exchange has the highest H funding rate right now?

Accepted Answer

Toobit shows the highest H funding at +68.17% annualized. A high positive rate means shorts get paid, so this is the venue to short H 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 H for funding?

Accepted Answer

LBank has the lowest H 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 H funding-arbitrage pair?

Accepted Answer

The widest spread is long Bybit / short Toobit at about 57.2% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does H funding settle?

Accepted Answer

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

Accepted Answer

H funding is currently positive across venues (longs pay shorts), ranging +10.96% to +68.17% APR.

Question 6

What is the current H perpetual swap funding rate?

Accepted Answer

The current H perpetual swap funding rate ranges from +10.96% to +68.17% annualized depending on the exchange — LBank is lowest and Toobit is highest right now. There is no single H 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 H funding rate across exchanges?

Accepted Answer

Aggregated across the 19 venues ORBIT tracks, H funding currently spans +10.96% to +68.17% APR, a spread of 57.2 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 H 8h funding rate versus the annualized rate?

Accepted Answer

H 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	+68.17%	4h	$367K	$0.0693
grvt	+18.19%	4h	$1.2M	$0.0695
OKX	+15.76%	4h	$1.6M	$0.0697
Hotcoin	+15.56%	4h	$1.1M	$0.0694
BingX	+12.93%	4h	$2.1M	$0.0695
Bitunix	+12.56%	4h	—	$0.0697
Extended	+12.27%	1h	$19K	$0.0693
Pionex	+12.26%	4h	$105K	$0.0693
Binance Futures	+11.97%	4h	$12.9M	$0.0694
MEXC	+11.83%	4h	$6.3M	$0.0693
WEEX	+11.32%	4h	$424K	$0.0695
BloFin	+11.22%	4h	$527K	$0.0693
BybitBest Long	+10.96%	4h	$8.2M	$0.0695
Bitget	+10.96%	4h	$1.8M	$0.0695
Gate.io	+10.96%	4h	$1.4M	$0.0695
KuCoin	+10.96%	4h	$1.6M	$0.0695
Aster	+10.96%	4h	$49K	$0.0695
Variational	+10.96%	4h	$40K	$0.0695
LBank	+10.96%	4h	—	$0.0696

H Perpetual Swap Funding Rate by Exchange

How H funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

H funding rates explained

Frequently asked questions