Question 1

Which exchange has the highest MMT funding rate right now?

Accepted Answer

BloFin shows the highest MMT funding at +17.12% annualized. A high positive rate means shorts get paid, so this is the venue to short MMT 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 MMT for funding?

Accepted Answer

Bybit has the lowest MMT funding at +3.40% 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 MMT funding-arbitrage pair?

Accepted Answer

The widest spread is long Bybit / short BloFin at about 13.7% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does MMT funding settle?

Accepted Answer

MMT funding settles on different schedules by venue (4h, 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 MMT funding positive or negative?

Accepted Answer

MMT funding is currently positive across venues (longs pay shorts), ranging +3.40% to +17.12% APR.

Question 6

What is the current MMT perpetual swap funding rate?

Accepted Answer

The current MMT perpetual swap funding rate ranges from +3.40% to +17.12% annualized depending on the exchange — Bybit is lowest and BloFin is highest right now. There is no single MMT 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 MMT funding rate across exchanges?

Accepted Answer

Aggregated across the 17 venues ORBIT tracks, MMT funding currently spans +3.40% to +17.12% APR, a spread of 13.7 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 MMT 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle MMT 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↕
BloFinBest Short	+17.12%	4h	$416K	$0.1874
Binance Futures	+10.96%	4h	$6.1M	$0.1876
OKX	+10.96%	4h	$1.7M	$0.1875
BingX	+10.96%	4h	$5.2M	$0.1876
Bitget	+10.96%	4h	$1.7M	$0.1876
Gate.io	+10.96%	8h	$339K	$0.1874
KuCoin	+10.96%	4h	$641K	$0.1877
MEXC	+10.96%	4h	$419K	$0.1875
Aster	+10.96%	4h	$5K	$0.1875
Variational	+10.96%	4h	$4K	$0.1873
Toobit	+10.96%	4h	$207K	$0.1876
Bitunix	+10.96%	4h	—	$0.1876
WEEX	+10.96%	4h	—	$0.1872
Pionex	+10.96%	4h	$6K	$0.1875
CoinW	+10.96%	4h	—	$0.1877
LBank	+10.96%	4h	—	$0.1876
BybitBest Long	+3.40%	4h	$2.2M	$0.1876

MMT Perpetual Swap Funding Rate by Exchange

How MMT funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

MMT funding rates explained

Frequently asked questions