Question 1

Which exchange has the highest RDW funding rate right now?

Accepted Answer

Crypto.com shows the highest RDW funding at +1322.70% annualized. A high positive rate means shorts get paid, so this is the venue to short RDW 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 RDW for funding?

Accepted Answer

QFEX has the lowest RDW funding at +0.00% 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 RDW funding-arbitrage pair?

Accepted Answer

The widest spread is long Gate.io / short Bybit at about 147.0% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does RDW funding settle?

Accepted Answer

RDW 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 RDW funding positive or negative?

Accepted Answer

RDW funding is mixed across venues, ranging +0.00% to +1322.70% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current RDW perpetual swap funding rate?

Accepted Answer

The current RDW perpetual swap funding rate ranges from +0.00% to +1322.70% annualized depending on the exchange — QFEX is lowest and Crypto.com is highest right now. There is no single RDW 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 RDW funding rate across exchanges?

Accepted Answer

Aggregated across the 13 venues ORBIT tracks, RDW funding currently spans +0.00% to +1322.70% APR, a spread of 147.0 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 RDW 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle RDW 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	+1322.70%	1h	—	$10.69
BybitBest Short	+147.03%	8h	$630K	$10.69
MEXC	+17.31%	8h	$178K	$10.667
OKX	+16.47%	8h	$138K	$10.714
LBank	+13.64%	8h	—	$10.687
HTX	+10.96%	8h	$12K	$10.8705
Bitget	+5.48%	8h	$493K	$10.649
Toobit	+5.26%	8h	$41K	$10.656
CoinW	+5.26%	8h	—	$10.69
WEEX	+4.94%	8h	$5K	$10.692
Gate.ioBest Long	+0.00%	8h	$53K	$10.631
KuCoin	+0.00%	8h	$299K	$10.68
QFEX	+0.00%	1h	$562K	$10.645

RDW Perpetual Swap Funding Rate by Exchange

How RDW funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

RDW funding rates explained

Frequently asked questions