Question 1

Which exchange has the highest NOM funding rate right now?

Accepted Answer

Toobit shows the highest NOM funding at +215.12% annualized. A high positive rate means shorts get paid, so this is the venue to short NOM 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 NOM for funding?

Accepted Answer

BloFin has the lowest NOM funding at +6.88% 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 NOM funding-arbitrage pair?

Accepted Answer

The widest spread is long BloFin / short Toobit at about 208.2% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does NOM funding settle?

Accepted Answer

NOM funding settles every 4h. 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 NOM funding positive or negative?

Accepted Answer

NOM funding is currently positive across venues (longs pay shorts), ranging +6.88% to +215.12% APR.

Question 6

What is the current NOM perpetual swap funding rate?

Accepted Answer

The current NOM perpetual swap funding rate ranges from +6.88% to +215.12% annualized depending on the exchange — BloFin is lowest and Toobit is highest right now. There is no single NOM 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 NOM funding rate across exchanges?

Accepted Answer

Aggregated across the 12 venues ORBIT tracks, NOM funding currently spans +6.88% to +215.12% APR, a spread of 208.2 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 NOM 8h funding rate versus the annualized rate?

Accepted Answer

NOM does not settle on an 8-hour schedule on the venues tracked here. Because intervals differ by exchange, comparing raw per-payment rates is misleading; ORBIT normalizes each venue to annualized APR so the numbers are directly comparable.

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
ToobitBest Short	+215.12%	4h	$1.4M	$0.0024
Binance Futures	+10.96%	4h	$5.8M	$0.0024
Bybit	+10.96%	4h	$904K	$0.0024
Gate.io	+10.96%	4h	$158K	$0.0024
KuCoin	+10.96%	4h	$661K	$0.0024
MEXC	+10.96%	4h	$792K	$0.0024
Aster	+10.96%	4h	$7K	$0.0024
Bitunix	+10.96%	4h	—	$0.0024
WEEX	+10.96%	4h	—	$0.0023
Pionex	+10.96%	4h	$283K	$0.0024
LBank	+10.96%	4h	—	$0.0024
BloFinBest Long	+6.88%	4h	$562K	$0.0024

NOM Perpetual Swap Funding Rate by Exchange

How NOM funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

NOM funding rates explained

Frequently asked questions