Question 1

Which exchange has the highest NG funding rate right now?

Accepted Answer

Bitget shows the highest NG funding at +84.37% annualized. A high positive rate means shorts get paid, so this is the venue to short NG 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 NG for funding?

Accepted Answer

HTX has the lowest NG funding at +0.00% 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 NG funding-arbitrage pair?

Accepted Answer

The widest spread is long HTX / short Bitget at about 84.4% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does NG funding settle?

Accepted Answer

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

Accepted Answer

NG funding is mixed across venues, ranging +0.00% to +84.37% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current NG perpetual swap funding rate?

Accepted Answer

The current NG perpetual swap funding rate ranges from +0.00% to +84.37% annualized depending on the exchange — HTX is lowest and Bitget is highest right now. There is no single NG 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 NG funding rate across exchanges?

Accepted Answer

Aggregated across the 26 venues ORBIT tracks, NG funding currently spans +0.00% to +84.37% APR, a spread of 84.4 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 NG 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle NG 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↕
BitgetBest Short	+84.37%	4h	$15.0M	$3.006
Crypto.com	+63.48%	1h	$141K	$3.0024
Gate.io	+61.47%	8h	$821K	$3.015
OKX	+52.43%	8h	$1.3M	$3.02
BloFin	+47.00%	4h	—	$3.017
trade[XYZ]	+26.44%	1h	$4.6M	$3.0185
Bitunix	+23.90%	4h	—	$3.006
edgeX V2	+23.41%	4h	$83K	$3.0078
KuCoin	+22.79%	4h	$1.3M	$3.009
Hotcoin	+22.30%	4h	$900K	$3.007
CoinW	+21.27%	4h	—	$3.005
Pionex	+21.11%	4h	$132K	$3.0179
Toobit	+20.70%	4h	$1.6M	$3.018
WEEX	+20.70%	4h	—	$3.017
Variational	+17.53%	4h	$1.0M	$3.0099
Pacifica	+10.96%	1h	$15K	$3.0193
TxFlow	+10.96%	1h	$13K	$3.016
Phemex	+10.96%	4h	$1.5M	$3.009
Aster	+8.26%	4h	$237K	$3.018
grvt	+7.67%	4h	$24K	$3.0039
Ondo	+7.36%	1h	$147K	$3.0175
Paradex	+5.88%	8h	$2K	$3.0053
Lighter	+3.51%	1h	$2.1M	$3.0189
Extended	+3.51%	1h	$93K	$3.0045
QFEX	+0.02%	1h	$1.6M	$3.0165
HTXBest Long	+0.00%	4h	$196K	$3.018

NG Perpetual Swap Funding Rate by Exchange

How NG funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

NG funding rates explained

Frequently asked questions