Question 1

Which exchange has the highest SYN funding rate right now?

Accepted Answer

Aster shows the highest SYN funding at +15.67% annualized. A high positive rate means shorts get paid, so this is the venue to short SYN 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 SYN for funding?

Accepted Answer

Phemex has the lowest SYN 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 SYN funding-arbitrage pair?

Accepted Answer

The widest spread is long Binance Futures / short Aster at about 4.7% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does SYN funding settle?

Accepted Answer

SYN 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 SYN funding positive or negative?

Accepted Answer

SYN funding is currently positive across venues (longs pay shorts), ranging +10.96% to +15.67% APR.

Question 6

What is the current SYN perpetual swap funding rate?

Accepted Answer

The current SYN perpetual swap funding rate ranges from +10.96% to +15.67% annualized depending on the exchange — Phemex is lowest and Aster is highest right now. There is no single SYN 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 SYN funding rate across exchanges?

Accepted Answer

Aggregated across the 12 venues ORBIT tracks, SYN funding currently spans +10.96% to +15.67% APR, a spread of 4.7 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 SYN 8h funding rate versus the annualized rate?

Accepted Answer

SYN 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↕
AsterBest Short	+15.67%	4h	$1.9M	$0.1585
Binance FuturesBest Long	+10.96%	4h	$6.0M	$0.158
BingX	+10.96%	4h	$1.3M	$0.158
Bitget	+10.96%	4h	$729K	$0.1576
MEXC	+10.96%	4h	$1.4M	$0.1575
WOOFi Pro	+10.96%	4h	$1K	$0.1577
Toobit	+10.96%	4h	$367K	$0.1577
Bitunix	+10.96%	4h	—	$0.158
WEEX	+10.96%	4h	—	$0.1582
CoinW	+10.96%	4h	—	$0.1578
LBank	+10.96%	4h	—	$0.1583
Phemex	+10.96%	4h	$1.1M	$0.1581

SYN Perpetual Swap Funding Rate by Exchange

How SYN funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

SYN funding rates explained

Frequently asked questions