LINK Funding Rate History — Settled Payments by Exchange
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
| 720 | +2.4380% | +29.68% | +0.0264% | +0.0000% | 2026-09-23 18:00 UTC | |
| 90 | +1.4260% | +17.36% | +0.0361% | -0.0168% | 2026-09-23 16:00 UTC | |
| 720 | +0.9457% | +11.51% | +0.0076% | -0.0036% | 2026-09-23 18:00 UTC | |
| 720 | +0.9457% | +11.51% | +0.0076% | -0.0036% | 2026-09-23 18:00 UTC | |
| 90 | +0.9430% | +11.48% | +0.0400% | +0.0000% | 2026-09-23 16:00 UTC | |
| 90 | +0.8943% | +10.89% | +0.0100% | +0.0047% | 2026-09-23 16:00 UTC | |
| 720 | +0.8919% | +10.86% | +0.0013% | -0.0029% | 2026-09-23 18:00 UTC | |
| 90 | +0.8835% | +10.76% | +0.0100% | +0.0041% | 2026-09-23 16:00 UTC | |
| 90 | +0.7379% | +8.98% | +0.0100% | -0.0027% | 2026-09-23 16:00 UTC | |
| 720 | +0.7160% | +8.72% | +0.0028% | -0.0026% | 2026-09-23 18:00 UTC | |
| 90 | +0.6921% | +8.43% | +0.0270% | -0.0199% | 2026-09-23 16:00 UTC | |
| 537 | +0.6713% | +10.96% | +0.0013% | +0.0013% | 2026-09-23 18:00 UTC | |
| 90 | +0.6709% | +8.17% | +0.0150% | -0.0053% | 2026-09-23 16:01 UTC | |
| 90 | +0.6630% | +8.07% | +0.0100% | -0.0120% | 2026-09-23 16:00 UTC | |
| 501 | +0.6261% | +10.95% | +0.0013% | +0.0011% | 2026-09-23 18:00 UTC | |
| 90 | +0.5704% | +6.94% | +0.0100% | -0.0102% | 2026-09-23 16:00 UTC | |
| 90 | +0.5539% | +6.74% | +0.0100% | -0.0041% | 2026-09-23 16:00 UTC | |
| 90 | +0.5347% | +6.51% | +0.0100% | -0.0047% | 2026-09-23 16:00 UTC | |
| 90 | +0.5115% | +6.23% | +0.0100% | -0.0049% | 2026-09-23 16:00 UTC | |
| 90 | +0.5115% | +6.23% | +0.0100% | -0.0076% | 2026-09-23 16:00 UTC | |
| 90 | +0.5111% | +6.22% | +0.0100% | -0.0049% | 2026-09-23 16:00 UTC | |
| 90 | +0.5103% | +6.21% | +0.0100% | -0.0048% | 2026-09-23 16:00 UTC | |
| 720 | +0.5017% | +6.11% | +0.0013% | -0.0038% | 2026-09-23 18:00 UTC | |
| 180 | +0.4958% | +6.04% | +0.0058% | -0.4000% | 2026-09-23 16:00 UTC | |
| 718 | +0.4887% | +5.97% | +0.0013% | -0.0028% | 2026-09-23 18:00 UTC | |
| 90 | +0.4700% | +5.72% | +0.0100% | -0.0049% | 2026-09-23 16:00 UTC | |
| 90 | +0.4137% | +5.04% | +0.0100% | -0.0090% | 2026-09-23 16:00 UTC | |
| 93 | +0.3913% | +4.61% | +0.0100% | -0.0102% | 2026-09-23 16:00 UTC | |
| 90 | +0.3776% | +4.60% | +0.0100% | -0.0095% | 2026-09-23 16:00 UTC | |
| 90 | +0.3456% | +4.21% | +0.0100% | -0.0133% | 2026-09-23 16:00 UTC | |
| 313 | -0.0263% | -0.74% | +0.0013% | -0.0079% | 2026-09-23 18:00 UTC | |
| 720 | -0.3374% | -4.11% | +0.0017% | -0.0021% | 2026-09-23 18:00 UTC |
What the LINK funding rate means
What LINK actually paid over the last 30 days: 9,092 settlements across 32 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. dYdX paid the most over the window at +2.4380% 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 83% of the 9,092 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +2.4380% on dYdX to -0.3374% on Phoenix — 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 LINK 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 83% of the 9,092 settlements recorded here.
- Which exchange has paid the most settled LINK funding recently?
- dYdX paid the most over the last 30 days at +2.4380% of position size across 720 settlements, an average annualized rate of +29.68%. This is a sum of actual payments, not a forecast.
- How often is LINK funding actually paid?
- Over the last 30 days, ORBIT recorded 9,092 funding settlements for LINK across 32 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.