Question 1

Which exchange has the highest T funding rate right now?

Accepted Answer

Hotcoin shows the highest T funding at +21.92% annualized. A high positive rate means shorts get paid, so this is the venue to short T 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 T for funding?

Accepted Answer

LBank has the lowest T 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 T funding-arbitrage pair?

Accepted Answer

The widest spread is long Binance Futures / short Hotcoin at about 11.0% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does T funding settle?

Accepted Answer

T 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 T funding positive or negative?

Accepted Answer

T funding is currently positive across venues (longs pay shorts), ranging +10.96% to +21.92% APR.

Question 6

What is the current T perpetual swap funding rate?

Accepted Answer

The current T perpetual swap funding rate ranges from +10.96% to +21.92% annualized depending on the exchange — LBank is lowest and Hotcoin is highest right now. There is no single T 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 T funding rate across exchanges?

Accepted Answer

Aggregated across the 12 venues ORBIT tracks, T funding currently spans +10.96% to +21.92% APR, a spread of 11.0 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 T 8h funding rate versus the annualized rate?

Accepted Answer

T 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↕
HotcoinBest Short	+21.92%	4h	$180K	$0.0055
Binance FuturesBest Long	+10.96%	4h	$2.2M	$0.0055
Bybit	+10.96%	4h	$1.1M	$0.0055
Bitget	+10.96%	4h	$743K	$0.0055
Gate.io	+10.96%	4h	$99K	$0.0055
KuCoin	+10.96%	4h	$1.3M	$0.0055
MEXC	+10.96%	4h	$3.0M	$0.0055
Variational	+10.96%	4h	$11K	$0.0055
Toobit	+10.96%	4h	$206K	$0.0055
Bitunix	+10.96%	4h	—	$0.0055
WEEX	+10.96%	4h	$488K	$0.0055
LBank	+10.96%	4h	—	$0.0055

T Perpetual Swap Funding Rate by Exchange

How T funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

T funding rates explained

Frequently asked questions