MTL Funding Rate History — Settled Payments by Exchange
Metal DAO
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
 Aster | 256 | -4.8595% | -41.60% | +0.0050% | -0.2957% | 2026-10-01 04:00 UTC |
 KuCoin | 241 | -19.8754% | -180.73% | +0.0100% | -2.0000% | 2026-10-01 04:00 UTC |
 Bitget | 255 | -20.1037% | -172.77% | +0.0100% | -2.0000% | 2026-10-01 04:00 UTC |
 Bitunix | 253 | -20.4681% | -177.30% | +0.0100% | -2.0000% | 2026-10-01 01:00 UTC |
 Gate.io | 240 | -20.4751% | -186.96% | +0.0100% | -2.0000% | 2026-10-01 04:00 UTC |
 BingX | 254 | -20.7907% | -179.38% | +0.0100% | -1.8000% | 2026-10-01 04:00 UTC |
 MEXC | 254 | -20.9619% | -180.86% | +0.0100% | -2.0000% | 2026-10-01 04:00 UTC |
 Toobit | 254 | -20.9642% | -180.88% | +0.0100% | -2.0000% | 2026-10-01 04:00 UTC |
 WEEX | 254 | -20.9642% | -180.88% | +0.0100% | -2.0000% | 2026-10-01 04:00 UTC |
 BloFin | 254 | -20.9732% | -180.96% | +0.0126% | -2.0024% | 2026-10-01 04:00 UTC |
 Binance Futures | 254 | -20.9858% | -181.06% | +0.0100% | -2.0000% | 2026-10-01 04:00 UTC |
 Bybit | 199 | -26.7580% | -147.34% | +0.1603% | -2.0000% | 2026-10-01 00:00 UTC |
What the MTL funding rate means
What MTL (Metal DAO) actually paid over the last 30 days: 2,968 settlements across 12 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. Aster paid the most over the window at -4.8595% 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 42% of the 2,968 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from -4.8595% on Aster to -26.7580% on Bybit — 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 MTL 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 42% of the 2,968 settlements recorded here.
- Which exchange has paid the most settled MTL funding recently?
- Aster paid the most over the last 30 days at -4.8595% of position size across 256 settlements, an average annualized rate of -41.60%. This is a sum of actual payments, not a forecast.
- How often is MTL funding actually paid?
- Over the last 30 days, ORBIT recorded 2,968 funding settlements for MTL across 12 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.