Question 1

Which exchange has the highest MCD funding rate right now?

Accepted Answer

Toobit shows the highest MCD funding at +39.13% annualized. A high positive rate means shorts get paid, so this is the venue to short MCD 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 MCD for funding?

Accepted Answer

WEEX has the lowest MCD funding at -1.22% 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 MCD funding-arbitrage pair?

Accepted Answer

The widest spread is long WEEX / short Toobit at about 40.4% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does MCD funding settle?

Accepted Answer

MCD funding settles every 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 MCD funding positive or negative?

Accepted Answer

MCD funding is mixed across venues, ranging -1.22% to +39.13% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current MCD perpetual swap funding rate?

Accepted Answer

The current MCD perpetual swap funding rate ranges from -1.22% to +39.13% annualized depending on the exchange — WEEX is lowest and Toobit is highest right now. There is no single MCD 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 MCD funding rate across exchanges?

Accepted Answer

Aggregated across the 9 venues ORBIT tracks, MCD funding currently spans -1.22% to +39.13% APR, a spread of 40.4 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 MCD 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle MCD 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↕
ToobitBest Short	+39.13%	8h	$117K	$232.47
Bybit	+15.75%	8h	$1.1M	$232.98
Bitunix	+7.56%	8h	—	$232.21
Bitget	+0.00%	8h	$2.9M	$232.13
Gate.io	+0.00%	8h	$410K	$233.6
KuCoin	+0.00%	8h	$175K	$232.29
MEXC	+0.00%	8h	$3.8M	$232.02
LBank	+0.00%	8h	—	$232.08
WEEXBest Long	-1.22%	8h	$149K	$232.06

MCD Perpetual Swap Funding Rate by Exchange

How MCD funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

MCD funding rates explained

Frequently asked questions