NIGHT Funding Rate History — Settled Payments by Exchange
Midnight
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
 MEXC | 180 | +2.0918% | +25.47% | +0.0138% | -0.0009% | 2026-09-27 12:00 UTC |
 Toobit | 180 | +1.2574% | +15.31% | +0.0378% | -0.0101% | 2026-09-27 12:00 UTC |
 BingX | 180 | +1.0683% | +13.01% | +0.0069% | +0.0050% | 2026-09-27 12:00 UTC |
 Bybit | 180 | +0.9000% | +10.96% | +0.0050% | +0.0050% | 2026-09-27 12:00 UTC |
 Bitget | 180 | +0.8737% | +10.64% | +0.0050% | -0.0033% | 2026-09-27 12:00 UTC |
 Pionex | 180 | +0.8477% | +10.32% | +0.0050% | -0.0104% | 2026-09-27 12:00 UTC |
 WEEX | 180 | +0.8447% | +10.28% | +0.0050% | -0.0101% | 2026-09-27 12:00 UTC |
 Binance Futures | 180 | +0.8444% | +10.28% | +0.0050% | -0.0101% | 2026-09-27 12:00 UTC |
 Bitunix | 180 | +0.8429% | +10.26% | +0.0050% | -0.0088% | 2026-09-27 12:00 UTC |
 BloFin | 180 | +0.8395% | +10.22% | +0.0079% | -0.0076% | 2026-09-27 12:00 UTC |
 OKX | 180 | +0.7823% | +9.52% | +0.0050% | -0.0210% | 2026-09-27 12:00 UTC |
 Hotcoin | 117 | +0.5446% | +10.20% | +0.0100% | -0.0101% | 2026-09-27 12:00 UTC |
 Gate.io | 90 | +0.5415% | +6.59% | +0.0100% | -0.0581% | 2026-09-27 08:00 UTC |
 KuCoin | 180 | -0.3194% | -3.89% | +0.0050% | -0.0617% | 2026-09-27 12:00 UTC |
 Aster | 380 | -0.3681% | -2.12% | +0.0050% | -0.0372% | 2026-09-27 12:00 UTC |
 Coinbase International | 720 | -58.8528% | -716.53% | +0.2915% | -0.2916% | 2026-09-27 13:00 UTC |
What the NIGHT funding rate means
What NIGHT (Midnight) actually paid over the last 30 days: 3,467 settlements across 16 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. MEXC paid the most over the window at +2.0918% 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 82% of the 3,467 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +2.0918% on MEXC to -58.8528% on Coinbase International — 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 NIGHT 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 82% of the 3,467 settlements recorded here.
- Which exchange has paid the most settled NIGHT funding recently?
- MEXC paid the most over the last 30 days at +2.0918% of position size across 180 settlements, an average annualized rate of +25.47%. This is a sum of actual payments, not a forecast.
- How often is NIGHT funding actually paid?
- Over the last 30 days, ORBIT recorded 3,467 funding settlements for NIGHT across 16 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.