NIL Funding Rate History — Settled Payments by Exchange
Nillion
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
 Hyperliquid | 720 | +1.7926% | +21.83% | +0.0480% | -0.0081% | 2026-09-23 18:00 UTC |
 Bybit | 180 | +0.8363% | +10.18% | +0.0425% | -0.0626% | 2026-09-23 16:00 UTC |
 Toobit | 180 | +0.8225% | +10.01% | +0.0057% | -0.0043% | 2026-09-23 16:00 UTC |
 Bitget | 180 | +0.8209% | +9.99% | +0.0050% | -0.0122% | 2026-09-23 16:00 UTC |
 BingX | 180 | +0.7555% | +9.20% | +0.0392% | -0.0627% | 2026-09-23 16:00 UTC |
 Extended | 720 | +0.7167% | +8.73% | +0.0013% | -0.0188% | 2026-09-23 18:00 UTC |
 Pionex | 180 | +0.6740% | +8.21% | +0.0050% | -0.0638% | 2026-09-23 16:00 UTC |
 Bitunix | 180 | +0.6661% | +8.11% | +0.0050% | -0.0665% | 2026-09-23 16:00 UTC |
 MEXC | 180 | +0.6635% | +8.08% | +0.0050% | -0.0651% | 2026-09-23 16:00 UTC |
 WEEX | 180 | +0.6631% | +8.07% | +0.0050% | -0.0645% | 2026-09-23 16:00 UTC |
 Binance Futures | 180 | +0.6620% | +8.06% | +0.0050% | -0.0641% | 2026-09-23 16:00 UTC |
 BloFin | 180 | +0.6484% | +7.89% | +0.0079% | -0.0635% | 2026-09-23 16:00 UTC |
 KuCoin | 180 | +0.5655% | +6.88% | +0.0051% | -0.0591% | 2026-09-23 16:00 UTC |
 Gate.io | 180 | +0.1745% | +2.12% | +0.0307% | -0.0557% | 2026-09-23 16:00 UTC |
 Aster | 514 | -0.6709% | -2.86% | +0.0050% | -0.0292% | 2026-09-23 16:00 UTC |
What the NIL funding rate means
What NIL (Nillion) actually paid over the last 30 days: 4,114 settlements across 15 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. Hyperliquid paid the most over the window at +1.7926% 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 89% of the 4,114 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +1.7926% on Hyperliquid to -0.6709% on Aster — 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 NIL 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 89% of the 4,114 settlements recorded here.
- Which exchange has paid the most settled NIL funding recently?
- Hyperliquid paid the most over the last 30 days at +1.7926% of position size across 720 settlements, an average annualized rate of +21.83%. This is a sum of actual payments, not a forecast.
- How often is NIL funding actually paid?
- Over the last 30 days, ORBIT recorded 4,114 funding settlements for NIL across 15 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.