Question 1

Which exchange has the highest RSR funding rate right now?

Accepted Answer

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

Accepted Answer

Bitunix has the lowest RSR funding at -2191.50% 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 RSR funding-arbitrage pair?

Accepted Answer

The widest spread is long OKX / short Hotcoin at about 2202.5% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does RSR funding settle?

Accepted Answer

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

Accepted Answer

RSR funding is mixed across venues, ranging -2191.50% to +10.96% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current RSR perpetual swap funding rate?

Accepted Answer

The current RSR perpetual swap funding rate ranges from -2191.50% to +10.96% annualized depending on the exchange — Bitunix is lowest and Hotcoin is highest right now. There is no single RSR 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 RSR funding rate across exchanges?

Accepted Answer

Aggregated across the 20 venues ORBIT tracks, RSR funding currently spans -2191.50% to +10.96% APR, a spread of 2202.5 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 RSR 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle RSR 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↕
HotcoinBest Short	+10.96%	8h	$171K	$0.0023
Bybit	-11.20%	8h	$5.2M	$0.0023
Variational	-361.60%	8h	$64K	$0.0023
Hyperliquid	-849.18%	1h	$1.0M	$0.0023
dreamcash	-849.18%	1h	$1.0M	$0.0023
Ventuals	-849.18%	1h	$1.0M	$0.0023
Entropy	-849.18%	1h	$1.0M	$0.0023
Toobit	-1830.27%	8h	$15.6M	$0.0023
BingX	-1972.35%	8h	$4.2M	$0.0023
Bitget	-2004.89%	8h	$1.6M	$0.0023
Pionex	-2077.61%	8h	$46K	$0.0023
BloFin	-2135.20%	8h	$498K	$0.0023
Binance Futures	-2140.19%	8h	$9.8M	$0.0023
WEEX	-2140.19%	8h	—	$0.0023
LBank	-2140.19%	8h	—	$0.0023
MEXC	-2149.31%	8h	$2.9M	$0.0023
KuCoin	-2169.48%	8h	$1.2M	$0.0023
OKXBest Long	-2191.50%	4h	$1.7M	$0.0023
Gate.io	-2191.50%	8h	$278K	$0.0023
Bitunix	-2191.50%	8h	—	$0.0023

RSR Perpetual Swap Funding Rate by Exchange

How RSR funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

RSR funding rates explained

Frequently asked questions