Question 1

Which exchange has the highest HOT funding rate right now?

Accepted Answer

Binance Futures shows the highest HOT funding at +10.96% annualized. A high positive rate means shorts get paid, so this is the venue to short HOT 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 HOT for funding?

Accepted Answer

BloFin has the lowest HOT funding at +8.82% 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 HOT funding-arbitrage pair?

Accepted Answer

The widest spread is long BloFin / short Binance Futures at about 2.1% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does HOT funding settle?

Accepted Answer

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

Accepted Answer

HOT funding is currently positive across venues (longs pay shorts), ranging +8.82% to +10.96% APR.

Question 6

What is the current HOT perpetual swap funding rate?

Accepted Answer

The current HOT perpetual swap funding rate ranges from +8.82% to +10.96% annualized depending on the exchange — BloFin is lowest and Binance Futures is highest right now. There is no single HOT 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 HOT funding rate across exchanges?

Accepted Answer

Aggregated across the 11 venues ORBIT tracks, HOT funding currently spans +8.82% to +10.96% APR, a spread of 2.1 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 HOT 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle HOT 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↕
Binance FuturesBest Short	+10.96%	8h	$1.5M	$0.0005
Bitget	+10.96%	8h	$319K	$0.0005
KuCoin	+10.96%	8h	$113K	$0.0005
MEXC	+10.96%	8h	$340K	$0.0005
Toobit	+10.96%	8h	$180K	$0.0005
Bitunix	+10.96%	8h	—	$0.0005
Hotcoin	+10.96%	8h	$121K	$0.0005
WEEX	+10.96%	8h	$830K	$0.0005
LBank	+10.96%	8h	—	$0.0005
TxFlow	+10.96%	1h	$5K	$0.0005
BloFinBest Long	+8.82%	8h	$146K	$0.0005

HOT Perpetual Swap Funding Rate by Exchange

How HOT funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

HOT funding rates explained

Frequently asked questions