Question 1

Which exchange has the highest SQD funding rate right now?

Accepted Answer

BloFin shows the highest SQD funding at +12.22% annualized. A high positive rate means shorts get paid, so this is the venue to short SQD 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 SQD for funding?

Accepted Answer

LBank has the lowest SQD 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 SQD funding-arbitrage pair?

Accepted Answer

The widest spread is long Binance Futures / short BloFin at about 1.3% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does SQD funding settle?

Accepted Answer

SQD 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 SQD funding positive or negative?

Accepted Answer

SQD funding is currently positive across venues (longs pay shorts), ranging +10.96% to +12.22% APR.

Question 6

What is the current SQD perpetual swap funding rate?

Accepted Answer

The current SQD perpetual swap funding rate ranges from +10.96% to +12.22% annualized depending on the exchange — LBank is lowest and BloFin is highest right now. There is no single SQD 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 SQD funding rate across exchanges?

Accepted Answer

Aggregated across the 16 venues ORBIT tracks, SQD funding currently spans +10.96% to +12.22% APR, a spread of 1.3 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 SQD 8h funding rate versus the annualized rate?

Accepted Answer

SQD 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↕
BloFinBest Short	+12.22%	4h	$100K	$0.0301
Binance FuturesBest Long	+10.96%	4h	$1.4M	$0.0302
Bybit	+10.96%	4h	$839K	$0.0303
BingX	+10.96%	4h	$715K	$0.0302
Bitget	+10.96%	4h	$643K	$0.0303
Gate.io	+10.96%	4h	$362K	$0.0301
KuCoin	+10.96%	4h	$404K	$0.0303
MEXC	+10.96%	4h	$6.0M	$0.0303
Aster	+10.96%	4h	$10K	$0.0303
Variational	+10.96%	4h	$3K	$0.0302
Toobit	+10.96%	4h	$81K	$0.0303
Bitunix	+10.96%	4h	—	$0.0302
WEEX	+10.96%	4h	$2.3M	$0.0303
Pionex	+10.96%	4h	$10K	$0.0301
CoinW	+10.96%	4h	—	$0.0303
LBank	+10.96%	4h	—	$0.0303

SQD Perpetual Swap Funding Rate by Exchange

How SQD funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

SQD funding rates explained

Frequently asked questions