PAYP Funding Rate History — Settled Payments by Exchange
PayPay Corporation
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
 Crypto.com | 720 | +3.4569% | +42.09% | +0.1971% | -0.2206% | 2026-10-01 04:00 UTC |
 KuCoin | 90 | +0.5385% | +6.56% | +0.3173% | -0.2603% | 2026-10-01 00:00 UTC |
 Hotcoin | 90 | +0.4967% | +6.05% | +0.3470% | -0.2227% | 2026-10-01 00:00 UTC |
 Toobit | 90 | +0.4680% | +5.70% | +0.3470% | -0.2227% | 2026-10-01 00:00 UTC |
 MEXC | 90 | +0.4672% | +5.69% | +0.3469% | -0.2226% | 2026-10-01 00:00 UTC |
 Bitunix | 90 | +0.4256% | +5.18% | +0.3541% | -0.1402% | 2026-10-01 00:00 UTC |
 WEEX | 90 | +0.3990% | +4.86% | +0.3470% | -0.2227% | 2026-10-01 00:00 UTC |
 grvt | 90 | +0.1981% | +2.41% | +0.3764% | -0.3428% | 2026-10-01 00:00 UTC |
 HTX | 90 | +0.0732% | +0.89% | +0.1604% | -0.0834% | 2026-10-01 00:00 UTC |
 Aster | 90 | +0.0589% | +0.72% | +0.1650% | -0.0785% | 2026-10-01 00:00 UTC |
 Gate.io | 90 | +0.0101% | +0.12% | +0.0101% | +0.0000% | 2026-10-01 00:00 UTC |
 QFEX | 61 | -0.0003% | -0.04% | +0.0004% | -0.0008% | 2026-10-01 04:00 UTC |
What the PAYP funding rate means
What PAYP (PayPay Corporation) actually paid over the last 30 days: 1,681 settlements across 12 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. Crypto.com paid the most over the window at +3.4569% 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 46% of the 1,681 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +3.4569% on Crypto.com to -0.0003% on QFEX — 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 PAYP 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 46% of the 1,681 settlements recorded here.
- Which exchange has paid the most settled PAYP funding recently?
- Crypto.com paid the most over the last 30 days at +3.4569% of position size across 720 settlements, an average annualized rate of +42.09%. This is a sum of actual payments, not a forecast.
- How often is PAYP funding actually paid?
- Over the last 30 days, ORBIT recorded 1,681 funding settlements for PAYP across 12 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.