KERNEL Funding Rate History — Settled Payments by Exchange
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
 KuCoin | 180 | -7.3932% | -90.01% | +0.0261% | -1.1679% | 2026-09-30 12:00 UTC |
 Gate.io | 180 | -7.3959% | -90.05% | +0.0338% | -1.3008% | 2026-09-30 12:00 UTC |
 Bitget | 180 | -7.4312% | -90.47% | +0.0050% | -1.2679% | 2026-09-30 12:00 UTC |
 BingX | 180 | -7.7571% | -94.44% | +0.0050% | -1.2361% | 2026-09-30 12:00 UTC |
 Pionex | 180 | -7.8826% | -95.97% | +0.0050% | -1.2358% | 2026-09-30 12:00 UTC |
 Bybit | 180 | -8.2384% | -100.30% | +0.0050% | -1.4188% | 2026-09-30 12:00 UTC |
 Binance Futures | 180 | -8.2601% | -100.57% | +0.0050% | -1.2858% | 2026-09-30 12:00 UTC |
 Toobit | 180 | -8.2853% | -100.87% | +0.0051% | -1.2858% | 2026-09-30 12:00 UTC |
 WEEX | 180 | -8.2856% | -100.88% | +0.0050% | -1.2858% | 2026-09-30 12:00 UTC |
 MEXC | 180 | -8.3055% | -101.12% | +0.0050% | -1.2882% | 2026-09-30 12:00 UTC |
 Bitunix | 180 | -8.4297% | -102.63% | +0.0050% | -1.3030% | 2026-09-30 12:00 UTC |
What the KERNEL funding rate means
What KERNEL actually paid over the last 30 days: 1,980 settlements across 11 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. KuCoin paid the most over the window at -7.3932% 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 84% of the 1,980 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from -7.3932% on KuCoin to -8.4297% on Bitunix — 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 KERNEL 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 84% of the 1,980 settlements recorded here.
- Which exchange has paid the most settled KERNEL funding recently?
- KuCoin paid the most over the last 30 days at -7.3932% of position size across 180 settlements, an average annualized rate of -90.01%. This is a sum of actual payments, not a forecast.
- How often is KERNEL funding actually paid?
- Over the last 30 days, ORBIT recorded 1,980 funding settlements for KERNEL across 11 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.