PL Funding Rate History — Settled Payments by Exchange
Planet Labs (PL)
What the PL funding rate means
What PL (Planet Labs (PL)) actually paid over the last 30 days: 990 settlements across 4 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. MEXC paid the most over the window at +7.7445% 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 12% of the 990 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +7.7445% on MEXC to -0.1829% on WEEX — 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 PL 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 12% of the 990 settlements recorded here.
- Which exchange has paid the most settled PL funding recently?
- MEXC paid the most over the last 30 days at +7.7445% of position size across 90 settlements, an average annualized rate of +94.29%. This is a sum of actual payments, not a forecast.
- How often is PL funding actually paid?
- Over the last 30 days, ORBIT recorded 990 funding settlements for PL across 4 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.