Which exchange has the highest SAPIEN funding rate right now?

Crypto.com shows the highest SAPIEN funding at +145.49% annualized. A high positive rate means shorts get paid, so this is the venue to short SAPIEN when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.

Which exchange is best to long SAPIEN for funding?

LBank has the lowest SAPIEN 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.

What is the best SAPIEN funding-arbitrage pair?

The widest spread is long Binance Futures / short Crypto.com at about 134.5% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

How often does SAPIEN funding settle?

SAPIEN 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.

Is SAPIEN funding positive or negative?

SAPIEN funding is currently positive across venues (longs pay shorts), ranging +10.96% to +145.49% APR.

What is the current SAPIEN perpetual swap funding rate?

The current SAPIEN perpetual swap funding rate ranges from +10.96% to +145.49% annualized depending on the exchange — LBank is lowest and Crypto.com is highest right now. There is no single SAPIEN 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.

What is the aggregated SAPIEN funding rate across exchanges?

Aggregated across the 18 venues ORBIT tracks, SAPIEN funding currently spans +10.96% to +145.49% APR, a spread of 134.5 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.

How do I read the SAPIEN 8h funding rate versus the annualized rate?

SAPIEN 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.

SAPIEN Perpetual Swap Funding Rate by Exchange

Sapien

#303 by OI

View settled funding history →Backtest Best Pair →

Best Spread

134.5% APR

Long (Lowest)

Binance Futures

Short (Highest)

Crypto.com

Mark Price

$0.0768

Total OI

$17.0M

24h Volume

$11.7M

How SAPIEN funding actually paid this week

Top pairs by funding actually paid over the last 7 days on a $10,000 position, after entry and exit costs — not the instant APR.

Over the last week no SAPIEN long/short pair paid enough funding to cover its entry and exit costs.

Past 7 days, not a forecast. Costs = taker fees on both venues, in and out. Upcoming payouts →

Funding Rates by Exchange

Sort

Crypto.comBest Short

+145.49%

Interval

Open Interest

$10K

Mark Price

$0.077

BingX

+115.71%

Interval

Open Interest

$1.1M

Mark Price

$0.0771

OKX

+115.19%

Interval

Open Interest

$149K

Mark Price

$0.0771

KuCoin

+82.84%

Interval

Open Interest

$597K

Mark Price

$0.0769

Variational

+76.65%

Interval

Open Interest

$8K

Mark Price

$0.0768

Bybit

+57.08%

Interval

Open Interest

$503K

Mark Price

$0.077

BloFin

+11.63%

Interval

Open Interest

$105K

Mark Price

$0.0771

Extended

+11.40%

Interval

Open Interest

$3K

Mark Price

$0.077

Binance FuturesBest Long

+10.96%

Interval

Open Interest

$2.1M

Mark Price

$0.077

Bitget

+10.96%

Interval

Open Interest

$595K

Mark Price

$0.077

Gate.io

+10.96%

Interval

Open Interest

$568K

Mark Price

$0.0768

MEXC

+10.96%

Interval

Open Interest

$8.8M

Mark Price

$0.0766

Aster

+10.96%

Interval

Open Interest

$57K

Mark Price

$0.0767

Toobit

+10.96%

Interval

Open Interest

$63K

Mark Price

$0.0767

Bitunix

+10.96%

Interval

Open Interest

—

Mark Price

$0.0771

WEEX

+10.96%

Interval

Open Interest

$2.4M

Mark Price

$0.0768

Pionex

+10.96%

Interval

Open Interest

$3K

Mark Price

$0.077

LBank

+10.96%

Interval

Open Interest

—

Mark Price

$0.0766

Funding Rates by Exchange

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
Crypto.comBest Short	+145.49%	1h	$10K	$0.077
BingX	+115.71%	4h	$1.1M	$0.0771
OKX	+115.19%	4h	$149K	$0.0771
KuCoin	+82.84%	4h	$597K	$0.0769
Variational	+76.65%	4h	$8K	$0.0768
Bybit	+57.08%	4h	$503K	$0.077
BloFin	+11.63%	4h	$105K	$0.0771
Extended	+11.40%	1h	$3K	$0.077
Binance FuturesBest Long	+10.96%	4h	$2.1M	$0.077
Bitget	+10.96%	4h	$595K	$0.077
Gate.io	+10.96%	4h	$568K	$0.0768
MEXC	+10.96%	4h	$8.8M	$0.0766
Aster	+10.96%	4h	$57K	$0.0767
Toobit	+10.96%	4h	$63K	$0.0767
Bitunix	+10.96%	4h	—	$0.0771
WEEX	+10.96%	4h	$2.4M	$0.0768
Pionex	+10.96%	4h	$3K	$0.077
LBank	+10.96%	4h	—	$0.0766

SAPIEN Perpetual Swap Funding Rate by Exchange

Sapien

#303 by OI

View settled funding history →Backtest Best Pair →

Best Spread

134.5% APR

Long (Lowest)

Binance Futures

Short (Highest)

Crypto.com

Mark Price

$0.0768

Total OI

$17.0M

24h Volume

$11.7M

How SAPIEN funding actually paid this week

Top pairs by funding actually paid over the last 7 days on a $10,000 position, after entry and exit costs — not the instant APR.

Over the last week no SAPIEN long/short pair paid enough funding to cover its entry and exit costs.

Past 7 days, not a forecast. Costs = taker fees on both venues, in and out. Upcoming payouts →

Funding Rates by Exchange

Sort

Crypto.comBest Short

+145.49%

Interval

Open Interest

$10K

Mark Price

$0.077

BingX

+115.71%

Interval

Open Interest

$1.1M

Mark Price

$0.0771

OKX

+115.19%

Interval

Open Interest

$149K

Mark Price

$0.0771

KuCoin

+82.84%

Interval

Open Interest

$597K

Mark Price

$0.0769

Variational

+76.65%

Interval

Open Interest

$8K

Mark Price

$0.0768

Bybit

+57.08%

Interval

Open Interest

$503K

Mark Price

$0.077

BloFin

+11.63%

Interval

Open Interest

$105K

Mark Price

$0.0771

Extended

+11.40%

Interval

Open Interest

$3K

Mark Price

$0.077

Binance FuturesBest Long

+10.96%

Interval

Open Interest

$2.1M

Mark Price

$0.077

Bitget

+10.96%

Interval

Open Interest

$595K

Mark Price

$0.077

Gate.io

+10.96%

Interval

Open Interest

$568K

Mark Price

$0.0768

MEXC

+10.96%

Interval

Open Interest

$8.8M

Mark Price

$0.0766

Aster

+10.96%

Interval

Open Interest

$57K

Mark Price

$0.0767

Toobit

+10.96%

Interval

Open Interest

$63K

Mark Price

$0.0767

Bitunix

+10.96%

Interval

Open Interest

—

Mark Price

$0.0771

WEEX

+10.96%

Interval

Open Interest

$2.4M

Mark Price

$0.0768

Pionex

+10.96%

Interval

Open Interest

$3K

Mark Price

$0.077

LBank

+10.96%

Interval

Open Interest

—

Mark Price

$0.0766

Funding Rates by Exchange

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
Crypto.comBest Short	+145.49%	1h	$10K	$0.077
BingX	+115.71%	4h	$1.1M	$0.0771
OKX	+115.19%	4h	$149K	$0.0771
KuCoin	+82.84%	4h	$597K	$0.0769
Variational	+76.65%	4h	$8K	$0.0768
Bybit	+57.08%	4h	$503K	$0.077
BloFin	+11.63%	4h	$105K	$0.0771
Extended	+11.40%	1h	$3K	$0.077
Binance FuturesBest Long	+10.96%	4h	$2.1M	$0.077
Bitget	+10.96%	4h	$595K	$0.077
Gate.io	+10.96%	4h	$568K	$0.0768
MEXC	+10.96%	4h	$8.8M	$0.0766
Aster	+10.96%	4h	$57K	$0.0767
Toobit	+10.96%	4h	$63K	$0.0767
Bitunix	+10.96%	4h	—	$0.0771
WEEX	+10.96%	4h	$2.4M	$0.0768
Pionex	+10.96%	4h	$3K	$0.077
LBank	+10.96%	4h	—	$0.0766

SAPIEN funding rates explained

Funding data updated 04:10 UTC, 2026-10-01

SAPIEN (Sapien) perpetual futures funding rates — also called perpetual swap funding rates — are aggregated live by exchange across 18 venues on ORBIT. Funding is the recurring payment exchanged between long and short traders that keeps a perpetual swap tethered to the spot price — when it is positive, longs pay shorts; when negative, shorts pay longs. Right now SAPIEN funding ranges from +10.96% annualized on LBank to +145.49% on Crypto.com.

The widest cross-exchange funding spread for SAPIEN is currently 134.5% APR. A delta-neutral funding trade captures this gap by going long on Binance Futures — where funding is lowest, so the long leg is paid or pays the least — and short on Crypto.com, where funding is highest, so the short leg collects. Because the two legs are equal and opposite, the asset's price moves cancel out and what is left is the funding spread. ORBIT's backtester replays the real funding history of both legs and subtracts live taker fees and order-book slippage, so the result is net PnL, not a headline number.

SAPIEN ranks #303 by open interest among tracked perpetual assets, total open interest across covered venues is $17.0M, 24h volume is $11.7M, the volume-weighted mark price is $0.0768. Deeper liquidity means a funding spread can be traded at larger size with lower slippage — use the Min OI filter on the screener to surface only markets you can realistically enter and exit.

Frequently asked questions

Which exchange has the highest SAPIEN funding rate right now?: Crypto.com shows the highest SAPIEN funding at +145.49% annualized. A high positive rate means shorts get paid, so this is the venue to short SAPIEN when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.
Which exchange is best to long SAPIEN for funding?: LBank has the lowest SAPIEN 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.
What is the best SAPIEN funding-arbitrage pair?