Question 1

Which exchange has the highest PYPL funding rate right now?

Accepted Answer

Crypto.com shows the highest PYPL funding at +184.15% annualized. A high positive rate means shorts get paid, so this is the venue to short PYPL 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 PYPL for funding?

Accepted Answer

Toobit has the lowest PYPL funding at -3.83% 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 PYPL funding-arbitrage pair?

Accepted Answer

The widest spread is long Toobit / short Hotcoin at about 14.8% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does PYPL funding settle?

Accepted Answer

PYPL 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 PYPL funding positive or negative?

Accepted Answer

PYPL funding is mixed across venues, ranging -3.83% to +184.15% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current PYPL perpetual swap funding rate?

Accepted Answer

The current PYPL perpetual swap funding rate ranges from -3.83% to +184.15% annualized depending on the exchange — Toobit is lowest and Crypto.com is highest right now. There is no single PYPL 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 PYPL funding rate across exchanges?

Accepted Answer

Aggregated across the 13 venues ORBIT tracks, PYPL funding currently spans -3.83% to +184.15% APR, a spread of 14.8 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 PYPL 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle PYPL 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↕
Crypto.com	+184.15%	1h	$1K	$53.05
HotcoinBest Short	+10.96%	8h	$56K	$53.09
Bitunix	+2.06%	8h	—	$53.07
Bybit	+0.00%	8h	$321K	$53.02
OKX	+0.00%	8h	$35K	$53.17
Bitget	+0.00%	8h	$50K	$53.1
Gate.io	+0.00%	8h	$22K	$53.12
HTX	+0.00%	8h	$7K	$53.05
MEXC	+0.00%	8h	$123K	$53.09
CoinW	+0.00%	8h	—	$53.19
LBank	+0.00%	8h	—	$53.12
WEEX	-2.54%	8h	$0K	$53.13
ToobitBest Long	-3.83%	8h	$30K	$53.08

PYPL Perpetual Swap Funding Rate by Exchange

How PYPL funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

PYPL funding rates explained

Frequently asked questions