PDD Funding Rate History — Settled Payments by Exchange
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
 Hotcoin | 90 | +1.7553% | +21.37% | +0.1546% | -0.2056% | 2026-10-01 00:00 UTC |
 Bitunix | 89 | +1.6926% | +20.84% | +0.1581% | -0.0032% | 2026-10-01 00:00 UTC |
 KuCoin | 72 | +0.9979% | +15.19% | +0.1333% | -0.0243% | 2026-10-01 00:00 UTC |
 HTX | 90 | +0.9000% | +10.96% | +0.0100% | +0.0100% | 2026-10-01 00:00 UTC |
 WEEX | 90 | +0.8978% | +10.93% | +0.0110% | +0.0090% | 2026-10-01 00:00 UTC |
 Bybit | 90 | +0.6984% | +8.50% | +0.1169% | +0.0000% | 2026-10-01 00:00 UTC |
 Bitget | 90 | +0.0279% | +0.34% | +0.0370% | -0.0091% | 2026-10-01 00:00 UTC |
 Toobit | 90 | +0.0279% | +0.34% | +0.0370% | -0.0091% | 2026-10-01 00:00 UTC |
 Gate.io | 90 | -0.2890% | -3.52% | +0.0355% | -0.2046% | 2026-10-01 00:00 UTC |
What the PDD funding rate means
What PDD actually paid over the last 30 days: 791 settlements across 9 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. Hotcoin paid the most over the window at +1.7553% 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 49% of the 791 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +1.7553% on Hotcoin to -0.2890% on Gate.io — 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 PDD 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 49% of the 791 settlements recorded here.
- Which exchange has paid the most settled PDD funding recently?
- Hotcoin paid the most over the last 30 days at +1.7553% of position size across 90 settlements, an average annualized rate of +21.37%. This is a sum of actual payments, not a forecast.
- How often is PDD funding actually paid?
- Over the last 30 days, ORBIT recorded 791 funding settlements for PDD across 9 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.