JPN225 Funding Rate History — Settled Payments by Exchange
Nikkei 225 Index
What the JPN225 funding rate means
What JPN225 (Nikkei 225 Index) actually paid over the last 30 days: 270 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. Hotcoin paid the most over the window at -0.2764% 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 58% of the 270 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from -0.2764% on Hotcoin to -0.9604% on Toobit — 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 JPN225 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 58% of the 270 settlements recorded here.
- Which exchange has paid the most settled JPN225 funding recently?
- Hotcoin paid the most over the last 30 days at -0.2764% of position size across 90 settlements, an average annualized rate of -3.37%. This is a sum of actual payments, not a forecast.
- How often is JPN225 funding actually paid?
- Over the last 30 days, ORBIT recorded 270 funding settlements for JPN225 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.