Question 1

Which exchange has the highest SKR funding rate right now?

Accepted Answer

Crypto.com shows the highest SKR funding at +136.58% annualized. A high positive rate means shorts get paid, so this is the venue to short SKR 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 SKR for funding?

Accepted Answer

Lighter has the lowest SKR funding at -2.63% 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 SKR funding-arbitrage pair?

Accepted Answer

The widest spread is long Lighter / short Crypto.com at about 139.2% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does SKR funding settle?

Accepted Answer

SKR 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.

Question 5

Is SKR funding positive or negative?

Accepted Answer

SKR funding is mixed across venues, ranging -2.63% to +136.58% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current SKR perpetual swap funding rate?

Accepted Answer

The current SKR perpetual swap funding rate ranges from -2.63% to +136.58% annualized depending on the exchange — Lighter is lowest and Crypto.com is highest right now. There is no single SKR 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 SKR funding rate across exchanges?

Accepted Answer

Aggregated across the 25 venues ORBIT tracks, SKR funding currently spans -2.63% to +136.58% APR, a spread of 139.2 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 SKR 8h funding rate versus the annualized rate?

Accepted Answer

SKR 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↕
Crypto.comBest Short	+136.58%	1h	$3K	$0.018
Bitget	+44.05%	4h	$1.3M	$0.018
Backpack	+43.35%	1h	$46K	$0.018
BingX	+42.08%	4h	$1.3M	$0.018
Hotcoin	+21.92%	4h	$474K	$0.018
Binance Futures	+10.96%	4h	$2.8M	$0.018
Bybit	+10.96%	4h	$3.0M	$0.018
Hyperliquid	+10.96%	1h	$345K	$0.018
Gate.io	+10.96%	4h	$291K	$0.018
HTX	+10.96%	4h	$10K	$0.0179
KuCoin	+10.96%	4h	$725K	$0.018
MEXC	+10.96%	4h	$6.4M	$0.018
Aster	+10.96%	4h	$15K	$0.018
Variational	+10.96%	4h	$80K	$0.018
Toobit	+10.96%	4h	$126K	$0.018
Bitunix	+10.96%	4h	—	$0.018
WEEX	+10.96%	4h	$56K	$0.018
Pionex	+10.96%	4h	$61K	$0.018
CoinW	+10.96%	4h	—	$0.018
LBank	+10.96%	4h	—	$0.018
dreamcash	+10.96%	1h	$345K	$0.018
Ventuals	+10.96%	1h	$345K	$0.018
BloFin	+8.51%	4h	$196K	$0.018
Phoenix	+0.00%	1h	$2K	$0.018
LighterBest Long	-2.63%	1h	$14K	$0.018

SKR Perpetual Swap Funding Rate by Exchange

How SKR funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

SKR funding rates explained

Frequently asked questions