Question 1

Which exchange has the highest TURTLE funding rate right now?

Accepted Answer

BloFin shows the highest TURTLE funding at +16.01% annualized. A high positive rate means shorts get paid, so this is the venue to short TURTLE 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 TURTLE for funding?

Accepted Answer

Variational has the lowest TURTLE 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 TURTLE funding-arbitrage pair?

Accepted Answer

The widest spread is long Binance Futures / short BloFin at about 5.0% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does TURTLE funding settle?

Accepted Answer

TURTLE funding settles on different schedules by venue (4h, 8h). 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 TURTLE funding positive or negative?

Accepted Answer

TURTLE funding is currently positive across venues (longs pay shorts), ranging +10.96% to +16.01% APR.

Question 6

What is the current TURTLE perpetual swap funding rate?

Accepted Answer

The current TURTLE perpetual swap funding rate ranges from +10.96% to +16.01% annualized depending on the exchange — Variational is lowest and BloFin is highest right now. There is no single TURTLE 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 TURTLE funding rate across exchanges?

Accepted Answer

Aggregated across the 13 venues ORBIT tracks, TURTLE funding currently spans +10.96% to +16.01% APR, a spread of 5.0 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 TURTLE 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle TURTLE every 8 hours quote the per-payment rate, which is charged three times a day. Multiply an 8h rate by 3 to get the daily figure and by 1,095 to annualize it. ORBIT converts every venue — 1h, 4h and 8h alike — to a common APR so an 8h rate and a 1h rate can be compared directly.

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
BloFinBest Short	+16.01%	4h	$119K	$0.0433
Aster	+15.99%	4h	$2K	$0.0431
WEEX	+13.65%	4h	$2.2M	$0.0433
LBank	+13.10%	4h	—	$0.0433
Bitunix	+11.87%	4h	—	$0.0432
MEXC	+11.83%	4h	$212K	$0.0434
Toobit	+11.26%	4h	$71K	$0.0432
Binance FuturesBest Long	+10.96%	4h	$1.6M	$0.0432
Bybit	+10.96%	4h	$155K	$0.0433
BingX	+10.96%	4h	$839K	$0.0432
Gate.io	+10.96%	8h	$26K	$0.0432
KuCoin	+10.96%	4h	$158K	$0.0433
Variational	+10.96%	4h	$1K	$0.0433

TURTLE Perpetual Swap Funding Rate by Exchange

How TURTLE funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

TURTLE funding rates explained

Frequently asked questions