Question 1

Which exchange has the highest SOPH funding rate right now?

Accepted Answer

Binance Futures shows the highest SOPH funding at +10.96% annualized. A high positive rate means shorts get paid, so this is the venue to short SOPH 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 SOPH for funding?

Accepted Answer

OKX has the lowest SOPH funding at -0.27% 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 SOPH funding-arbitrage pair?

Accepted Answer

The widest spread is long OKX / short Binance Futures at about 11.2% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does SOPH funding settle?

Accepted Answer

SOPH 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 SOPH funding positive or negative?

Accepted Answer

SOPH funding is mixed across venues, ranging -0.27% to +10.96% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current SOPH perpetual swap funding rate?

Accepted Answer

The current SOPH perpetual swap funding rate ranges from -0.27% to +10.96% annualized depending on the exchange — OKX is lowest and Binance Futures is highest right now. There is no single SOPH 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 SOPH funding rate across exchanges?

Accepted Answer

Aggregated across the 16 venues ORBIT tracks, SOPH funding currently spans -0.27% to +10.96% APR, a spread of 11.2 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 SOPH 8h funding rate versus the annualized rate?

Accepted Answer

SOPH 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	+10.96%	4h	$4.2M	$0.0036
Bybit	+10.96%	4h	$1.2M	$0.0036
Hyperliquid	+10.96%	1h	$138K	$0.0036
BingX	+10.96%	4h	$1.9M	$0.0036
Bitget	+10.96%	4h	$416K	$0.0036
Gate.io	+10.96%	4h	$168K	$0.0036
KuCoin	+10.96%	4h	$810K	$0.0036
MEXC	+10.96%	4h	$795K	$0.0036
Toobit	+10.96%	4h	$250K	$0.0036
Bitunix	+10.96%	4h	—	$0.0036
Hotcoin	+10.96%	4h	$342K	$0.0036
WEEX	+10.96%	4h	$7.3M	$0.0036
LBank	+10.96%	4h	—	$0.0036
dreamcash	+10.96%	1h	$138K	$0.0036
Ventuals	+10.96%	1h	$138K	$0.0036
OKXBest Long	-0.27%	4h	$712K	$0.0036

SOPH Perpetual Swap Funding Rate by Exchange

How SOPH funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

SOPH funding rates explained

Frequently asked questions