Question 1

Which exchange has the highest JPM funding rate right now?

Accepted Answer

grvt shows the highest JPM funding at +91.39% annualized. A high positive rate means shorts get paid, so this is the venue to short JPM 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 JPM for funding?

Accepted Answer

QFEX has the lowest JPM funding at +0.00% 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 JPM funding-arbitrage pair?

Accepted Answer

The widest spread is long Bybit / short grvt at about 91.4% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does JPM funding settle?

Accepted Answer

JPM 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 JPM funding positive or negative?

Accepted Answer

JPM funding is mixed across venues, ranging +0.00% to +91.39% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current JPM perpetual swap funding rate?

Accepted Answer

The current JPM perpetual swap funding rate ranges from +0.00% to +91.39% annualized depending on the exchange — QFEX is lowest and grvt is highest right now. There is no single JPM 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 JPM funding rate across exchanges?

Accepted Answer

Aggregated across the 17 venues ORBIT tracks, JPM funding currently spans +0.00% to +91.39% APR, a spread of 91.4 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 JPM 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle JPM 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↕
grvtBest Short	+91.39%	8h	$4K	$332.1995
WEEX	+58.52%	8h	$7K	$332.25
Toobit	+58.36%	8h	$52K	$332.36
Hotcoin	+58.31%	8h	$220K	$332.28
CoinW	+58.19%	8h	—	$338.67
MEXC	+58.07%	8h	$645K	$333.28
LBank	+58.07%	8h	—	$332.08
BloFin	+56.56%	8h	$91K	$332.2
Bitunix	+55.56%	8h	—	$332.25
Variational	+37.28%	8h	$88K	$332.059
KuCoin	+16.22%	8h	$117K	$332.54
BybitBest Long	+0.00%	8h	$175K	$332.07
Bitget	+0.00%	8h	$506K	$332.25
Gate.io	+0.00%	8h	$384K	$332.15
HTX	+0.00%	8h	$6K	$332.18
Aster	+0.00%	8h	$1K	$332.0433
QFEX	+0.00%	1h	$561K	$331.5253

JPM Perpetual Swap Funding Rate by Exchange

How JPM funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

JPM funding rates explained

Frequently asked questions