Question 1

Which exchange has the highest SOFTBANK funding rate right now?

Accepted Answer

WEEX shows the highest SOFTBANK funding at +10.38% annualized. A high positive rate means shorts get paid, so this is the venue to short SOFTBANK 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 SOFTBANK for funding?

Accepted Answer

trade[XYZ] has the lowest SOFTBANK funding at -1.77% 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 SOFTBANK funding-arbitrage pair?

Accepted Answer

The widest spread is long trade[XYZ] / short WEEX at about 12.1% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does SOFTBANK funding settle?

Accepted Answer

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

Accepted Answer

SOFTBANK funding is mixed across venues, ranging -1.77% to +10.38% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current SOFTBANK perpetual swap funding rate?

Accepted Answer

The current SOFTBANK perpetual swap funding rate ranges from -1.77% to +10.38% annualized depending on the exchange — trade[XYZ] is lowest and WEEX is highest right now. There is no single SOFTBANK 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 SOFTBANK funding rate across exchanges?

Accepted Answer

Aggregated across the 9 venues ORBIT tracks, SOFTBANK funding currently spans -1.77% to +10.38% APR, a spread of 12.1 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 SOFTBANK 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle SOFTBANK 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↕
WEEXBest Short	+10.38%	8h	$1K	$42.118
PopDEX	+5.52%	1h	$382K	$42.13
OKX	+0.00%	8h	$77K	$42.15
Bitget	+0.00%	8h	$271K	$42.123
Gate.io	+0.00%	8h	$3K	$42
HTX	+0.00%	1h	$6K	$41.727
LBank	+0.00%	8h	—	$42.2
Hotcoin	-1.43%	8h	—	$42.15
trade[XYZ]Best Long	-1.77%	1h	$729K	$42.115

SOFTBANK Perpetual Swap Funding Rate by Exchange

How SOFTBANK funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

SOFTBANK funding rates explained

Frequently asked questions