Question 1

Which exchange has the highest HEMI funding rate right now?

Accepted Answer

Hyperliquid shows the highest HEMI funding at +95.63% annualized. A high positive rate means shorts get paid, so this is the venue to short HEMI 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 HEMI for funding?

Accepted Answer

BloFin has the lowest HEMI funding at +10.88% 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 HEMI funding-arbitrage pair?

Accepted Answer

The widest spread is long BloFin / short Hyperliquid at about 84.8% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does HEMI funding settle?

Accepted Answer

HEMI 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 HEMI funding positive or negative?

Accepted Answer

HEMI funding is currently positive across venues (longs pay shorts), ranging +10.88% to +95.63% APR.

Question 6

What is the current HEMI perpetual swap funding rate?

Accepted Answer

The current HEMI perpetual swap funding rate ranges from +10.88% to +95.63% annualized depending on the exchange — BloFin is lowest and Hyperliquid is highest right now. There is no single HEMI 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 HEMI funding rate across exchanges?

Accepted Answer

Aggregated across the 19 venues ORBIT tracks, HEMI funding currently spans +10.88% to +95.63% APR, a spread of 84.8 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 HEMI 8h funding rate versus the annualized rate?

Accepted Answer

HEMI 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↕
HyperliquidBest Short	+95.63%	1h	$647K	$0.0063
dreamcash	+95.63%	1h	$647K	$0.0063
Ventuals	+95.63%	1h	$647K	$0.0063
Crypto.com	+72.59%	1h	$3K	$0.0063
Gate.io	+37.69%	4h	$214K	$0.0063
Extended	+11.40%	1h	$8K	$0.0063
Bybit	+11.06%	4h	$1.2M	$0.0063
Binance Futures	+10.96%	4h	$5.5M	$0.0063
BingX	+10.96%	4h	$1.1M	$0.0063
KuCoin	+10.96%	4h	$400K	$0.0063
MEXC	+10.96%	4h	$1.0M	$0.0063
Aster	+10.96%	4h	$18K	$0.0063
Variational	+10.96%	4h	$22K	$0.0063
Toobit	+10.96%	4h	$316K	$0.0063
Bitunix	+10.96%	4h	—	$0.0063
WEEX	+10.96%	4h	$9.4M	$0.0063
Pionex	+10.96%	4h	$25K	$0.0063
LBank	+10.96%	4h	—	$0.0063
BloFinBest Long	+10.88%	4h	$315K	$0.0063

HEMI Perpetual Swap Funding Rate by Exchange

How HEMI funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

HEMI funding rates explained

Frequently asked questions