Question 1

Which exchange has the highest KERNEL funding rate right now?

Accepted Answer

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

Accepted Answer

Pionex has the lowest KERNEL funding at +10.96% 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 KERNEL funding-arbitrage pair?

Accepted Answer

The widest spread is long Binance Futures / short Binance Futures at about 0.0% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does KERNEL funding settle?

Accepted Answer

KERNEL funding settles every 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 KERNEL funding positive or negative?

Accepted Answer

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

Question 6

What is the current KERNEL perpetual swap funding rate?

Accepted Answer

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

Accepted Answer

Aggregated across the 12 venues ORBIT tracks, KERNEL funding currently spans +10.96% to +10.96% APR, a spread of 0.0 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 KERNEL 8h funding rate versus the annualized rate?

Accepted Answer

KERNEL 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↕
Binance FuturesBest LongBest Short	+10.96%	4h	$2.0M	$0.0559
Bybit	+10.96%	4h	$1.5M	$0.0557
BingX	+10.96%	4h	$1.0M	$0.0559
Bitget	+10.96%	4h	$588K	$0.0557
Gate.io	+10.96%	4h	$211K	$0.0559
KuCoin	+10.96%	4h	$747K	$0.0557
MEXC	+10.96%	4h	$773K	$0.0556
Variational	+10.96%	4h	$13K	$0.0556
Toobit	+10.96%	4h	$326K	$0.0557
Bitunix	+10.96%	4h	—	$0.0558
WEEX	+10.96%	4h	—	$0.0556
Pionex	+10.96%	4h	$6K	$0.0556

KERNEL Perpetual Swap Funding Rate by Exchange

How KERNEL funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

KERNEL funding rates explained

Frequently asked questions