Question 1

Which exchange has the highest RPL funding rate right now?

Accepted Answer

Binance Futures shows the highest RPL funding at +10.96% annualized. A high positive rate means shorts get paid, so this is the venue to short RPL 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 RPL for funding?

Accepted Answer

LBank has the lowest RPL 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 RPL funding-arbitrage pair?

Accepted Answer

The widest spread is long Binance Futures / short Binance Futures at about 0.0% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does RPL funding settle?

Accepted Answer

RPL funding settles on different schedules by venue (4h, 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 RPL funding positive or negative?

Accepted Answer

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

Question 6

What is the current RPL perpetual swap funding rate?

Accepted Answer

The current RPL perpetual swap funding rate ranges from +10.96% to +10.96% annualized depending on the exchange — LBank is lowest and Binance Futures is highest right now. There is no single RPL 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 RPL funding rate across exchanges?

Accepted Answer

Aggregated across the 12 venues ORBIT tracks, RPL funding currently spans +10.96% to +10.96% APR, a spread of 0.0 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 RPL 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle RPL 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↕
Binance FuturesBest LongBest Short	+10.96%	4h	$1.4M	$1.986
Bybit	+10.96%	4h	$435K	$1.9937
BingX	+10.96%	4h	$732K	$1.986
Bitget	+10.96%	4h	$314K	$1.985
Gate.io	+10.96%	8h	$36K	$1.986
MEXC	+10.96%	4h	$299K	$1.985
Aster	+10.96%	4h	$62K	$1.9874
Variational	+10.96%	4h	$18K	$1.9901
Toobit	+10.96%	4h	$171K	$1.984
Bitunix	+10.96%	4h	—	$1.986
WEEX	+10.96%	4h	—	$1.987
LBank	+10.96%	4h	—	$1.988

RPL Perpetual Swap Funding Rate by Exchange

How RPL funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

RPL funding rates explained

Frequently asked questions