Question 1

Which exchange has the highest UNH funding rate right now?

Accepted Answer

Hotcoin shows the highest UNH funding at +10.96% annualized. A high positive rate means shorts get paid, so this is the venue to short UNH 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 UNH for funding?

Accepted Answer

Crypto.com has the lowest UNH funding at -143.80% 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 UNH funding-arbitrage pair?

Accepted Answer

The widest spread is long Crypto.com / short Hotcoin at about 154.8% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does UNH funding settle?

Accepted Answer

UNH funding settles on different schedules by venue (1h, 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 UNH funding positive or negative?

Accepted Answer

UNH funding is mixed across venues, ranging -143.80% to +10.96% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current UNH perpetual swap funding rate?

Accepted Answer

The current UNH perpetual swap funding rate ranges from -143.80% to +10.96% annualized depending on the exchange — Crypto.com is lowest and Hotcoin is highest right now. There is no single UNH 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 UNH funding rate across exchanges?

Accepted Answer

Aggregated across the 15 venues ORBIT tracks, UNH funding currently spans -143.80% to +10.96% APR, a spread of 154.8 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 UNH 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle UNH 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↕
HotcoinBest Short	+10.96%	8h	$26K	$369.22
TxFlow	+10.96%	1h	$1K	$368.34
WEEX	+0.85%	8h	$0K	$368.25
Bybit	+0.00%	8h	$163K	$370.15
OKX	+0.00%	8h	$179K	$369.63
Bitget	+0.00%	8h	$245K	$368.55
Gate.io	+0.00%	8h	$52K	$369.59
HTX	+0.00%	8h	$5K	$369.105
MEXC	+0.00%	8h	$4.7M	$368.49
Toobit	+0.00%	8h	$43K	$368.48
CoinW	+0.00%	8h	—	$374.22
LBank	+0.00%	8h	—	$368.52
QFEX	+0.00%	1h	$562K	$367.71
BloFin	-2.19%	8h	$55K	$369.29
Crypto.comBest Long	-143.80%	1h	$1K	$368.19

UNH Perpetual Swap Funding Rate by Exchange

How UNH funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

UNH funding rates explained

Frequently asked questions