Question 1

Which exchange has the highest NOK funding rate right now?

Accepted Answer

Gate.io shows the highest NOK funding at +57.31% annualized. A high positive rate means shorts get paid, so this is the venue to short NOK 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 NOK for funding?

Accepted Answer

WEEX has the lowest NOK funding at -11.15% 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 NOK funding-arbitrage pair?

Accepted Answer

The widest spread is long WEEX / short Gate.io at about 68.5% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does NOK funding settle?

Accepted Answer

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

Accepted Answer

NOK funding is mixed across venues, ranging -11.15% to +57.31% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current NOK perpetual swap funding rate?

Accepted Answer

The current NOK perpetual swap funding rate ranges from -11.15% to +57.31% annualized depending on the exchange — WEEX is lowest and Gate.io is highest right now. There is no single NOK 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 NOK funding rate across exchanges?

Accepted Answer

Aggregated across the 19 venues ORBIT tracks, NOK funding currently spans -11.15% to +57.31% APR, a spread of 68.5 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 NOK 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle NOK 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↕
Gate.ioBest Short	+57.31%	8h	$855K	$10.38
Hotcoin	+57.31%	8h	$1.5M	$10.39
Ondo	+5.52%	1h	—	$10.285
Crypto.com	+5.01%	1h	$2K	$10.38
Bitunix	+0.67%	8h	—	$10.39
OKX	+0.00%	8h	$1.2M	$10.383
Bitget	+0.00%	8h	$1.8M	$10.449
HTX	+0.00%	8h	$13K	$10.38
KuCoin	+0.00%	8h	$287K	$10.37
MEXC	+0.00%	8h	$1.3M	$10.4
Aster	+0.00%	8h	$67K	$10.3974
grvt	+0.00%	8h	$4K	$10.3806
Variational	+0.00%	8h	$173K	$10.3836
Extended	+0.00%	1h	$15K	$10.3775
Toobit	+0.00%	8h	$25K	$10.4
LBank	+0.00%	8h	—	$10.39
Phemex	+0.00%	8h	$1.5M	$10.38
trade[XYZ]	-6.73%	1h	$1.0M	$10.374
WEEXBest Long	-11.15%	8h	$29K	$10.38

NOK Perpetual Swap Funding Rate by Exchange

How NOK funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

NOK funding rates explained

Frequently asked questions