Question 1

Which exchange has the highest PUNDIX funding rate right now?

Accepted Answer

Variational shows the highest PUNDIX funding at +20.70% annualized. A high positive rate means shorts get paid, so this is the venue to short PUNDIX 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 PUNDIX for funding?

Accepted Answer

BingX has the lowest PUNDIX funding at +7.67% 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 PUNDIX funding-arbitrage pair?

Accepted Answer

The widest spread is long BingX / short Variational at about 13.0% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does PUNDIX funding settle?

Accepted Answer

PUNDIX 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 PUNDIX funding positive or negative?

Accepted Answer

PUNDIX funding is currently positive across venues (longs pay shorts), ranging +7.67% to +20.70% APR.

Question 6

What is the current PUNDIX perpetual swap funding rate?

Accepted Answer

The current PUNDIX perpetual swap funding rate ranges from +7.67% to +20.70% annualized depending on the exchange — BingX is lowest and Variational is highest right now. There is no single PUNDIX 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 PUNDIX funding rate across exchanges?

Accepted Answer

Aggregated across the 11 venues ORBIT tracks, PUNDIX funding currently spans +7.67% to +20.70% APR, a spread of 13.0 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 PUNDIX 8h funding rate versus the annualized rate?

Accepted Answer

PUNDIX 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↕
VariationalBest Short	+20.70%	4h	$0K	$0.1243
Binance Futures	+10.96%	4h	$1.3M	$0.1242
Bybit	+10.96%	4h	$773K	$0.1244
Bitget	+10.96%	4h	$188K	$0.1241
Gate.io	+10.96%	4h	$18K	$0.1242
MEXC	+10.96%	4h	$2.5M	$0.1242
Toobit	+10.96%	4h	$197K	$0.1238
Bitunix	+10.96%	4h	—	$0.1242
WEEX	+10.96%	4h	—	$0.1241
LBank	+10.96%	4h	—	$0.1241
BingXBest Long	+7.67%	4h	$654K	$0.124

PUNDIX Perpetual Swap Funding Rate by Exchange

How PUNDIX funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

PUNDIX funding rates explained

Frequently asked questions