Question 1

Which exchange has the highest MEW funding rate right now?

Accepted Answer

Hotcoin shows the highest MEW funding at +21.92% annualized. A high positive rate means shorts get paid, so this is the venue to short MEW 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 MEW for funding?

Accepted Answer

Bybit has the lowest MEW funding at -137.33% 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 MEW funding-arbitrage pair?

Accepted Answer

The widest spread is long Bybit / short Hotcoin at about 159.3% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does MEW funding settle?

Accepted Answer

MEW 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 MEW funding positive or negative?

Accepted Answer

MEW funding is mixed across venues, ranging -137.33% to +21.92% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current MEW perpetual swap funding rate?

Accepted Answer

The current MEW perpetual swap funding rate ranges from -137.33% to +21.92% annualized depending on the exchange — Bybit is lowest and Hotcoin is highest right now. There is no single MEW 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 MEW funding rate across exchanges?

Accepted Answer

Aggregated across the 15 venues ORBIT tracks, MEW funding currently spans -137.33% to +21.92% APR, a spread of 159.3 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 MEW 8h funding rate versus the annualized rate?

Accepted Answer

MEW 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↕
HotcoinBest Short	+21.92%	4h	$202K	$0.0005
Bitget	+3.94%	4h	$750K	$0.0005
BingX	+3.73%	4h	$1.5M	$0.0005
OKX	-21.22%	4h	$945K	$0.0005
Pionex	-27.88%	4h	$8K	$0.0005
Binance Futures	-39.15%	4h	$2.9M	$0.0005
LBank	-39.45%	4h	—	$0.0005
WEEX	-39.51%	4h	—	$0.0005
MEXC	-39.67%	4h	$367K	$0.0005
Toobit	-40.02%	4h	$1.2M	$0.0005
Bitunix	-40.42%	4h	—	$0.0005
Variational	-41.52%	4h	$52K	$0.0005
KuCoin	-42.95%	4h	$350K	$0.0005
Gate.io	-101.25%	4h	$76K	$0.0005
BybitBest Long	-137.33%	4h	$2.1M	$0.0005

MEW Perpetual Swap Funding Rate by Exchange

How MEW funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

MEW funding rates explained

Frequently asked questions