Question 1

Which exchange has the highest Q funding rate right now?

Accepted Answer

Bybit shows the highest Q funding at +74.45% annualized. A high positive rate means shorts get paid, so this is the venue to short Q 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 Q for funding?

Accepted Answer

Variational has the lowest Q funding at +10.96% 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 Q funding-arbitrage pair?

Accepted Answer

The widest spread is long Bitget / short Bybit at about 63.5% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does Q funding settle?

Accepted Answer

Q funding settles on different schedules by venue (1h, 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 Q funding positive or negative?

Accepted Answer

Q funding is currently positive across venues (longs pay shorts), ranging +10.96% to +74.45% APR.

Question 6

What is the current Q perpetual swap funding rate?

Accepted Answer

The current Q perpetual swap funding rate ranges from +10.96% to +74.45% annualized depending on the exchange — Variational is lowest and Bybit is highest right now. There is no single Q 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 Q funding rate across exchanges?

Accepted Answer

Aggregated across the 15 venues ORBIT tracks, Q funding currently spans +10.96% to +74.45% APR, a spread of 63.5 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 Q 8h funding rate versus the annualized rate?

Accepted Answer

Q 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↕
BybitBest Short	+74.45%	4h	$2.8M	$0.0222
KuCoin	+59.39%	4h	$585K	$0.0221
Bitunix	+38.89%	4h	—	$0.022
MEXC	+38.35%	4h	$94K	$0.0221
Pionex	+37.95%	4h	$22K	$0.0221
Extended	+37.69%	1h	$6K	$0.0221
BloFin	+37.59%	4h	$403K	$0.0221
Binance Futures	+37.53%	4h	$7.2M	$0.0221
BingX	+37.47%	4h	$1.1M	$0.0221
Toobit	+36.78%	4h	$957K	$0.0221
Aster	+23.90%	4h	$48K	$0.0221
Hotcoin	+21.92%	4h	$531K	$0.0221
BitgetBest Long	+10.96%	4h	$1.9M	$0.0222
Gate.io	+10.96%	4h	$438K	$0.022
Variational	+10.96%	4h	$1K	$0.022

Q Perpetual Swap Funding Rate by Exchange

How Q funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

Q funding rates explained

Frequently asked questions