NES Funding Rate History — Settled Payments by Exchange
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
 KuCoin | 180 | +4.9511% | +60.28% | +0.4424% | -0.0406% | 2026-10-01 00:00 UTC |
 Aster | 720 | +3.8134% | +46.43% | +0.2090% | -0.0369% | 2026-10-01 02:00 UTC |
 BloFin | 180 | +3.7066% | +45.13% | +0.2145% | -0.0528% | 2026-10-01 00:00 UTC |
 OKX | 180 | +3.7000% | +45.05% | +0.2209% | -0.0524% | 2026-10-01 00:00 UTC |
 MEXC | 180 | +3.6896% | +44.92% | +0.2208% | -0.0530% | 2026-10-01 00:00 UTC |
 WEEX | 180 | +3.6706% | +44.69% | +0.2242% | -0.0501% | 2026-10-01 00:00 UTC |
 BingX | 180 | +2.7342% | +33.29% | +0.2058% | -0.1200% | 2026-10-01 00:00 UTC |
 Hotcoin | 180 | +0.9000% | +10.96% | +0.0050% | +0.0050% | 2026-10-01 00:01 UTC |
 Gate.io | 180 | +0.9000% | +10.96% | +0.0050% | +0.0050% | 2026-10-01 00:00 UTC |
What the NES funding rate means
What NES actually paid over the last 30 days: 2,160 settlements across 9 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. KuCoin paid the most over the window at +4.9511% 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 98% of the 2,160 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +4.9511% on KuCoin to +0.9000% on Gate.io — 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 NES 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 98% of the 2,160 settlements recorded here.
- Which exchange has paid the most settled NES funding recently?
- KuCoin paid the most over the last 30 days at +4.9511% of position size across 180 settlements, an average annualized rate of +60.28%. This is a sum of actual payments, not a forecast.
- How often is NES funding actually paid?
- Over the last 30 days, ORBIT recorded 2,160 funding settlements for NES across 9 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.