Question 1

Which exchange has the highest PURRSTOCK funding rate right now?

Accepted Answer

WEEX shows the highest PURRSTOCK funding at +12.04% annualized. A high positive rate means shorts get paid, so this is the venue to short PURRSTOCK 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 PURRSTOCK for funding?

Accepted Answer

Extended has the lowest PURRSTOCK funding at -254.21% 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 PURRSTOCK funding-arbitrage pair?

Accepted Answer

The widest spread is long Extended / short WEEX at about 266.3% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does PURRSTOCK funding settle?

Accepted Answer

PURRSTOCK funding settles on different schedules by venue (1h, 8h). 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 PURRSTOCK funding positive or negative?

Accepted Answer

PURRSTOCK funding is mixed across venues, ranging -254.21% to +12.04% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current PURRSTOCK perpetual swap funding rate?

Accepted Answer

The current PURRSTOCK perpetual swap funding rate ranges from -254.21% to +12.04% annualized depending on the exchange — Extended is lowest and WEEX is highest right now. There is no single PURRSTOCK 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 PURRSTOCK funding rate across exchanges?

Accepted Answer

Aggregated across the 13 venues ORBIT tracks, PURRSTOCK funding currently spans -254.21% to +12.04% APR, a spread of 266.3 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 PURRSTOCK 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle PURRSTOCK every 8 hours quote the per-payment rate, which is charged three times a day. Multiply an 8h rate by 3 to get the daily figure and by 1,095 to annualize it. ORBIT converts every venue — 1h, 4h and 8h alike — to a common APR so an 8h rate and a 1h rate can be compared directly.

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
WEEXBest Short	+12.04%	8h	$1K	$12.315
Hotcoin	+10.43%	8h	$77K	$12.31
Bybit	+0.00%	8h	$421K	$12.33
OKX	+0.00%	8h	$665K	$12.33
Bitget	+0.00%	8h	$359K	$12.298
Gate.io	+0.00%	8h	$41K	$12.357
HTX	+0.00%	1h	$6K	$12.336
MEXC	+0.00%	8h	$274K	$12.33
LBank	+0.00%	8h	—	$12.32
QFEX	+0.00%	1h	$822K	$12.335
trade[XYZ]	-54.35%	1h	$8.2M	$12.292
Ondo	-200.74%	1h	$30K	$12.332
ExtendedBest Long	-254.21%	1h	$50K	$12.2923

PURRSTOCK Perpetual Swap Funding Rate by Exchange

How PURRSTOCK funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

PURRSTOCK funding rates explained

Frequently asked questions