Question 1

Which exchange has the highest UAI funding rate right now?

Accepted Answer

KuCoin shows the highest UAI funding at +87.00% annualized. A high positive rate means shorts get paid, so this is the venue to short UAI 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 UAI for funding?

Accepted Answer

Variational has the lowest UAI 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 UAI funding-arbitrage pair?

Accepted Answer

The widest spread is long Bybit / short KuCoin at about 76.0% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does UAI funding settle?

Accepted Answer

UAI 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 UAI funding positive or negative?

Accepted Answer

UAI funding is currently positive across venues (longs pay shorts), ranging +10.96% to +87.00% APR.

Question 6

What is the current UAI perpetual swap funding rate?

Accepted Answer

The current UAI perpetual swap funding rate ranges from +10.96% to +87.00% annualized depending on the exchange — Variational is lowest and KuCoin is highest right now. There is no single UAI 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 UAI funding rate across exchanges?

Accepted Answer

Aggregated across the 17 venues ORBIT tracks, UAI funding currently spans +10.96% to +87.00% APR, a spread of 76.0 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 UAI 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle UAI 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↕
KuCoinBest Short	+87.00%	4h	$1.4M	$0.3196
Aster	+82.82%	4h	$2.0M	$0.3198
Hotcoin	+39.57%	4h	$809K	$0.3197
edgeX V2	+31.53%	4h	$37K	$0.3196
BingX	+30.46%	4h	$4.1M	$0.3191
WEEX	+30.46%	4h	$156K	$0.3189
Binance Futures	+29.81%	4h	$8.9M	$0.3204
MEXC	+29.80%	4h	$2.6M	$0.3203
LBank	+29.80%	4h	—	$0.3195
Toobit	+29.53%	4h	$648K	$0.3195
Bitunix	+29.04%	4h	—	$0.3209
Pionex	+25.04%	4h	$66K	$0.3202
BloFin	+24.19%	4h	$633K	$0.3207
BybitBest Long	+10.96%	4h	$3.5M	$0.3188
Bitget	+10.96%	4h	$3.0M	$0.3199
Gate.io	+10.96%	8h	$977K	$0.3197
Variational	+10.96%	4h	$52K	$0.3199

UAI Perpetual Swap Funding Rate by Exchange

How UAI funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

UAI funding rates explained

Frequently asked questions