Question 1

Which exchange has the highest TRB funding rate right now?

Accepted Answer

Crypto.com shows the highest TRB funding at +77.79% annualized. A high positive rate means shorts get paid, so this is the venue to short TRB 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 TRB for funding?

Accepted Answer

Ventuals has the lowest TRB 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 TRB funding-arbitrage pair?

Accepted Answer

The widest spread is long Binance Futures / short Crypto.com at about 66.8% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does TRB funding settle?

Accepted Answer

TRB 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 TRB funding positive or negative?

Accepted Answer

TRB funding is currently positive across venues (longs pay shorts), ranging +10.96% to +77.79% APR.

Question 6

What is the current TRB perpetual swap funding rate?

Accepted Answer

The current TRB perpetual swap funding rate ranges from +10.96% to +77.79% annualized depending on the exchange — Ventuals is lowest and Crypto.com is highest right now. There is no single TRB 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 TRB funding rate across exchanges?

Accepted Answer

Aggregated across the 22 venues ORBIT tracks, TRB funding currently spans +10.96% to +77.79% APR, a spread of 66.8 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 TRB 8h funding rate versus the annualized rate?

Accepted Answer

TRB 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↕
Crypto.comBest Short	+77.79%	1h	$8K	$20.48
Variational	+62.87%	4h	$25K	$20.5177
BloFin	+14.68%	4h	$405K	$20.483
Binance FuturesBest Long	+10.96%	4h	$6.2M	$20.466
Bybit	+10.96%	4h	$6.4M	$20.477
OKX	+10.96%	4h	$4.3M	$20.42
Hyperliquid	+10.96%	1h	$231K	$20.44
BingX	+10.96%	4h	$2.2M	$20.44
Bitget	+10.96%	4h	$1.1M	$20.446
Gate.io	+10.96%	4h	$315K	$20.48
KuCoin	+10.96%	4h	$1.2M	$20.459
MEXC	+10.96%	4h	$6.2M	$20.494
Aster	+10.96%	4h	$6K	$20.4764
Toobit	+10.96%	4h	$1.0M	$20.463
Bitunix	+10.96%	4h	—	$20.429
Hotcoin	+10.96%	4h	$433K	$20.435
WEEX	+10.96%	4h	—	$20.442
Pionex	+10.96%	4h	$5K	$20.4255
CoinW	+10.96%	4h	—	$20.35
LBank	+10.96%	4h	—	$20.425
dreamcash	+10.96%	1h	$231K	$20.44
Ventuals	+10.96%	1h	$231K	$20.44

TRB Perpetual Swap Funding Rate by Exchange

How TRB funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

TRB funding rates explained

Frequently asked questions