Question 1

Which exchange has the highest TOWNS funding rate right now?

Accepted Answer

BloFin shows the highest TOWNS funding at +10.97% annualized. A high positive rate means shorts get paid, so this is the venue to short TOWNS 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 TOWNS for funding?

Accepted Answer

Coinbase International has the lowest TOWNS funding at -1819.82% 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 TOWNS funding-arbitrage pair?

Accepted Answer

The widest spread is long Coinbase International / short BloFin at about 1830.8% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does TOWNS funding settle?

Accepted Answer

TOWNS 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 TOWNS funding positive or negative?

Accepted Answer

TOWNS funding is mixed across venues, ranging -1819.82% to +10.97% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current TOWNS perpetual swap funding rate?

Accepted Answer

The current TOWNS perpetual swap funding rate ranges from -1819.82% to +10.97% annualized depending on the exchange — Coinbase International is lowest and BloFin is highest right now. There is no single TOWNS 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 TOWNS funding rate across exchanges?

Accepted Answer

Aggregated across the 16 venues ORBIT tracks, TOWNS funding currently spans -1819.82% to +10.97% APR, a spread of 1830.8 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 TOWNS 8h funding rate versus the annualized rate?

Accepted Answer

TOWNS 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	+10.97%	4h	$145K	$0.0021
Binance Futures	+10.96%	4h	$2.0M	$0.0021
Bybit	+10.96%	4h	$464K	$0.0021
BingX	+10.96%	4h	$1.0M	$0.0021
Bitget	+10.96%	4h	$350K	$0.0021
Gate.io	+10.96%	4h	$33K	$0.0021
KuCoin	+10.96%	4h	$252K	$0.0021
MEXC	+10.96%	4h	$300K	$0.0021
Aster	+10.96%	4h	$12K	$0.0021
Variational	+10.96%	4h	$1K	$0.0021
Toobit	+10.96%	4h	$181K	$0.0021
Bitunix	+10.96%	4h	—	$0.0021
WEEX	+10.96%	4h	$3.2M	$0.0021
Pionex	+10.96%	4h	$1K	$0.0021
LBank	+10.96%	4h	—	$0.0021
Coinbase InternationalBest Long	-1819.82%	1h	$56K	$0.002

TOWNS Perpetual Swap Funding Rate by Exchange

How TOWNS funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

TOWNS funding rates explained

Frequently asked questions