Question 1

Which exchange has the highest PORTAL funding rate right now?

Accepted Answer

Binance Futures shows the highest PORTAL funding at +10.96% annualized. A high positive rate means shorts get paid, so this is the venue to short PORTAL 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 PORTAL for funding?

Accepted Answer

BloFin has the lowest PORTAL funding at +9.98% 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 PORTAL funding-arbitrage pair?

Accepted Answer

The widest spread is long BloFin / short Binance Futures at about 1.0% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does PORTAL funding settle?

Accepted Answer

PORTAL 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 PORTAL funding positive or negative?

Accepted Answer

PORTAL funding is currently positive across venues (longs pay shorts), ranging +9.98% to +10.96% APR.

Question 6

What is the current PORTAL perpetual swap funding rate?

Accepted Answer

The current PORTAL perpetual swap funding rate ranges from +9.98% to +10.96% annualized depending on the exchange — BloFin is lowest and Binance Futures is highest right now. There is no single PORTAL 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 PORTAL funding rate across exchanges?

Accepted Answer

Aggregated across the 13 venues ORBIT tracks, PORTAL funding currently spans +9.98% to +10.96% APR, a spread of 1.0 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 PORTAL 8h funding rate versus the annualized rate?

Accepted Answer

PORTAL 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↕
Binance FuturesBest Short	+10.96%	4h	$2.4M	$0.0171
Bybit	+10.96%	4h	$1.0M	$0.0171
BingX	+10.96%	4h	$1.1M	$0.0171
KuCoin	+10.96%	4h	$250K	$0.0171
MEXC	+10.96%	4h	$554K	$0.0171
Aster	+10.96%	4h	$8K	$0.017
Variational	+10.96%	4h	$1K	$0.0171
Toobit	+10.96%	4h	$190K	$0.017
Bitunix	+10.96%	4h	—	$0.0171
WEEX	+10.96%	4h	—	$0.0171
Pionex	+10.96%	4h	$15K	$0.0171
LBank	+10.96%	4h	—	$0.0171
BloFinBest Long	+9.98%	4h	$164K	$0.0171

PORTAL Perpetual Swap Funding Rate by Exchange

How PORTAL funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

PORTAL funding rates explained

Frequently asked questions