Question 1

Which exchange has the highest SHELL funding rate right now?

Accepted Answer

Bybit shows the highest SHELL funding at +267.92% annualized. A high positive rate means shorts get paid, so this is the venue to short SHELL 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 SHELL for funding?

Accepted Answer

LBank has the lowest SHELL 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 SHELL funding-arbitrage pair?

Accepted Answer

The widest spread is long Binance Futures / short Bybit at about 257.0% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does SHELL funding settle?

Accepted Answer

SHELL funding settles every 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.

Question 5

Is SHELL funding positive or negative?

Accepted Answer

SHELL funding is currently positive across venues (longs pay shorts), ranging +10.96% to +267.92% APR.

Question 6

What is the current SHELL perpetual swap funding rate?

Accepted Answer

The current SHELL perpetual swap funding rate ranges from +10.96% to +267.92% annualized depending on the exchange — LBank is lowest and Bybit is highest right now. There is no single SHELL 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 SHELL funding rate across exchanges?

Accepted Answer

Aggregated across the 15 venues ORBIT tracks, SHELL funding currently spans +10.96% to +267.92% APR, a spread of 257.0 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 SHELL 8h funding rate versus the annualized rate?

Accepted Answer

SHELL 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.

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
BybitBest Short	+267.92%	4h	$480K	$0.0246
BingX	+54.52%	4h	$1.0M	$0.0245
OKX	+37.44%	4h	$165K	$0.0247
Binance FuturesBest Long	+10.96%	4h	$2.0M	$0.0244
Bitget	+10.96%	4h	$465K	$0.0246
Gate.io	+10.96%	4h	$189K	$0.0245
KuCoin	+10.96%	4h	$288K	$0.0247
MEXC	+10.96%	4h	$209K	$0.0244
Aster	+10.96%	4h	$2K	$0.0245
Variational	+10.96%	4h	$1K	$0.0246
Toobit	+10.96%	4h	$79K	$0.0245
Bitunix	+10.96%	4h	—	$0.0244
WEEX	+10.96%	4h	$141K	$0.0246
CoinW	+10.96%	4h	—	$0.0246
LBank	+10.96%	4h	—	$0.0246

SHELL Perpetual Swap Funding Rate by Exchange

How SHELL funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

SHELL funding rates explained

Frequently asked questions