Question 1

Which exchange has the highest SONIC funding rate right now?

Accepted Answer

Binance Futures shows the highest SONIC funding at +234.78% annualized. A high positive rate means shorts get paid, so this is the venue to short SONIC 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 SONIC for funding?

Accepted Answer

Gate.io has the lowest SONIC 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 SONIC funding-arbitrage pair?

Accepted Answer

The widest spread is long Bybit / short Binance Futures at about 223.8% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does SONIC funding settle?

Accepted Answer

SONIC 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 SONIC funding positive or negative?

Accepted Answer

SONIC funding is currently positive across venues (longs pay shorts), ranging +10.96% to +234.78% APR.

Question 6

What is the current SONIC perpetual swap funding rate?

Accepted Answer

The current SONIC perpetual swap funding rate ranges from +10.96% to +234.78% annualized depending on the exchange — Gate.io is lowest and Binance Futures is highest right now. There is no single SONIC 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 SONIC funding rate across exchanges?

Accepted Answer

Aggregated across the 12 venues ORBIT tracks, SONIC funding currently spans +10.96% to +234.78% APR, a spread of 223.8 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 SONIC 8h funding rate versus the annualized rate?

Accepted Answer

SONIC 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↕
Binance FuturesBest Short	+234.78%	4h	$1.1M	$0.0276
Toobit	+229.38%	4h	$124K	$0.0276
Bitunix	+228.20%	4h	—	$0.0276
BloFin	+226.41%	4h	$109K	$0.0276
WEEX	+222.48%	4h	—	$0.0276
LBank	+222.48%	4h	—	$0.0276
MEXC	+215.64%	4h	$1.1M	$0.0276
KuCoin	+204.47%	4h	$521K	$0.0276
Variational	+14.64%	4h	$4K	$0.0276
BybitBest Long	+10.96%	4h	$913K	$0.0277
Bitget	+10.96%	4h	$455K	$0.0276
Gate.io	+10.96%	4h	$50K	$0.0277

SONIC Perpetual Swap Funding Rate by Exchange

How SONIC funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

SONIC funding rates explained

Frequently asked questions