Question 1

Which exchange has the highest NAORIS funding rate right now?

Accepted Answer

KuCoin shows the highest NAORIS funding at +144.64% annualized. A high positive rate means shorts get paid, so this is the venue to short NAORIS 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 NAORIS for funding?

Accepted Answer

Bybit has the lowest NAORIS funding at +10.96% 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 NAORIS funding-arbitrage pair?

Accepted Answer

The widest spread is long Bybit / short KuCoin at about 133.7% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does NAORIS funding settle?

Accepted Answer

NAORIS funding settles on different schedules by venue (1h, 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 NAORIS funding positive or negative?

Accepted Answer

NAORIS funding is currently positive across venues (longs pay shorts), ranging +10.96% to +144.64% APR.

Question 6

What is the current NAORIS perpetual swap funding rate?

Accepted Answer

The current NAORIS perpetual swap funding rate ranges from +10.96% to +144.64% annualized depending on the exchange — Bybit is lowest and KuCoin is highest right now. There is no single NAORIS 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 NAORIS funding rate across exchanges?

Accepted Answer

Aggregated across the 17 venues ORBIT tracks, NAORIS funding currently spans +10.96% to +144.64% APR, a spread of 133.7 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 NAORIS 8h funding rate versus the annualized rate?

Accepted Answer

NAORIS 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↕
KuCoinBest Short	+144.64%	4h	$311K	$0.034
Pionex	+85.60%	4h	$18K	$0.0339
BloFin	+74.03%	4h	$273K	$0.0339
Bitunix	+72.37%	4h	—	$0.0339
MEXC	+72.10%	4h	$3.8M	$0.0339
Hotcoin	+72.10%	4h	$274K	$0.0339
Extended	+71.88%	1h	$3K	$0.0339
LBank	+71.76%	4h	—	$0.0339
WEEX	+71.65%	4h	$8.6M	$0.0339
Binance Futures	+71.55%	4h	$4.5M	$0.0339
Toobit	+71.55%	4h	$80K	$0.0339
BingX	+68.86%	4h	$1.1M	$0.0339
Bitget	+42.95%	4h	$3.0M	$0.034
Aster	+40.66%	4h	$5K	$0.0338
Variational	+31.83%	4h	$72K	$0.0339
Gate.io	+23.01%	4h	$119K	$0.0339
BybitBest Long	+10.96%	4h	$1.1M	$0.0339

NAORIS Perpetual Swap Funding Rate by Exchange

How NAORIS funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

NAORIS funding rates explained

Frequently asked questions