HK0700 Funding Rate History — Settled Payments by Exchange
Tencent Holdings
What the HK0700 funding rate means
What HK0700 (Tencent Holdings) actually paid over the last 30 days: 453 settlements across 3 venues, broken down venue by venue. These are settled payments — the amount an exchange actually charged or credited each funding interval — not the rate currently quoted for the next payment. MEXC paid the most over the window at +0.9304% of position size.
A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 12% of the 453 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +0.9304% on MEXC to -0.2371% on HTX — the gap between them is what a delta-neutral position collecting on both legs would have captured before fees and slippage. Verify the live version of this spread on the ORBIT funding screener before sizing a trade: settled history shows what already happened, not what will happen next.
Frequently asked questions
- Is the HK0700 funding rate a live quote or an actual payment?
- A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 12% of the 453 settlements recorded here.
- Which exchange has paid the most settled HK0700 funding recently?
- MEXC paid the most over the last 30 days at +0.9304% of position size across 151 settlements, an average annualized rate of +13.50%. This is a sum of actual payments, not a forecast.
- How often is HK0700 funding actually paid?
- Over the last 30 days, ORBIT recorded 453 funding settlements for HK0700 across 3 venues. Settlement schedules differ by venue — some pay hourly, others every 4 or 8 hours — so the number of payments per venue in the table above is not the same for all of them.