Question 1

Which exchange has the highest SWARMS funding rate right now?

Accepted Answer

MEXC shows the highest SWARMS funding at +49.31% annualized. A high positive rate means shorts get paid, so this is the venue to short SWARMS 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 SWARMS for funding?

Accepted Answer

Aster has the lowest SWARMS 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 SWARMS funding-arbitrage pair?

Accepted Answer

The widest spread is long Gate.io / short MEXC at about 38.4% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does SWARMS funding settle?

Accepted Answer

SWARMS 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 SWARMS funding positive or negative?

Accepted Answer

SWARMS funding is currently positive across venues (longs pay shorts), ranging +10.96% to +49.31% APR.

Question 6

What is the current SWARMS perpetual swap funding rate?

Accepted Answer

The current SWARMS perpetual swap funding rate ranges from +10.96% to +49.31% annualized depending on the exchange — Aster is lowest and MEXC is highest right now. There is no single SWARMS 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 SWARMS funding rate across exchanges?

Accepted Answer

Aggregated across the 13 venues ORBIT tracks, SWARMS funding currently spans +10.96% to +49.31% APR, a spread of 38.4 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 SWARMS 8h funding rate versus the annualized rate?

Accepted Answer

SWARMS 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↕
MEXCBest Short	+49.31%	4h	$144K	$0.0083
LBank	+47.14%	4h	—	$0.0083
WEEX	+46.30%	4h	—	$0.0083
Binance Futures	+44.11%	4h	$3.7M	$0.0083
Toobit	+43.96%	4h	$70K	$0.0083
BingX	+43.39%	4h	$1.9M	$0.0083
Extended	+42.08%	1h	$4K	$0.0083
BloFin	+39.78%	4h	$269K	$0.0083
Bitunix	+29.39%	4h	—	$0.0083
Hotcoin	+21.92%	4h	$258K	$0.0083
Gate.ioBest Long	+10.96%	4h	$471K	$0.0083
KuCoin	+10.96%	4h	$733K	$0.0083
Aster	+10.96%	4h	$31K	$0.0083

SWARMS Perpetual Swap Funding Rate by Exchange

How SWARMS funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

SWARMS funding rates explained

Frequently asked questions