S Funding Rate History — Settled Payments by Exchange

What S (Sonic) actually paid over the last 30 days: 6,660 settlements across 22 venues, broken down venue by venue. These are settled payments — the amount an exchange actually charged or credited each funding interval — not the rate currently quoted for the next payment. ApeX paid the most over the window at +0.8603% of position size.

A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 54% of the 6,660 settlements recorded here, meaning longs paid shorts that often.

Over the window, settled totals ranged from +0.8603% on ApeX to -1.5919% on Hyperliquid — the gap between them is what a delta-neutral position collecting on both legs would have captured before fees and slippage. Verify the live version of this spread on the ORBIT funding screener before sizing a trade: settled history shows what already happened, not what will happen next.