WAL Funding Rate History — Settled Payments by Exchange
Walrus
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
 WEEX | 180 | +0.9000% | +10.96% | +0.0050% | +0.0050% | 2026-09-23 16:00 UTC |
 Pionex | 180 | +0.9000% | +10.96% | +0.0050% | +0.0050% | 2026-09-23 16:00 UTC |
 MEXC | 180 | +0.9000% | +10.96% | +0.0050% | +0.0050% | 2026-09-23 16:00 UTC |
 Toobit | 180 | +0.9000% | +10.96% | +0.0050% | +0.0050% | 2026-09-23 16:00 UTC |
 Gate.io | 180 | +0.9000% | +10.96% | +0.0050% | +0.0050% | 2026-09-23 16:00 UTC |
 Hotcoin | 180 | +0.9000% | +10.96% | +0.0050% | +0.0050% | 2026-09-23 16:00 UTC |
 Binance Futures | 180 | +0.9000% | +10.96% | +0.0050% | +0.0050% | 2026-09-23 16:00 UTC |
 Bitunix | 180 | +0.8982% | +10.94% | +0.0050% | +0.0032% | 2026-09-23 16:00 UTC |
 OKX | 180 | +0.8949% | +10.90% | +0.0050% | -0.0001% | 2026-09-23 16:00 UTC |
 KuCoin | 180 | +0.8473% | +10.32% | +0.0050% | -0.0217% | 2026-09-23 16:00 UTC |
 Bitget | 180 | +0.4374% | +5.33% | +0.0050% | -0.0687% | 2026-09-23 16:00 UTC |
 Bybit | 180 | -0.0185% | -0.23% | +0.0050% | -0.0383% | 2026-09-23 16:00 UTC |
 BingX | 180 | -0.0440% | -0.54% | +0.0050% | -0.0636% | 2026-09-23 16:00 UTC |
What the WAL funding rate means
What WAL (Walrus) actually paid over the last 30 days: 2,340 settlements across 13 venues, broken down venue by venue. These are settled payments — the amount an exchange actually charged or credited each funding interval — not the rate currently quoted for the next payment. WEEX paid the most over the window at +0.9000% of position size.
A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 95% of the 2,340 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +0.9000% on WEEX to -0.0440% on BingX — the gap between them is what a delta-neutral position collecting on both legs would have captured before fees and slippage. Verify the live version of this spread on the ORBIT funding screener before sizing a trade: settled history shows what already happened, not what will happen next.
Frequently asked questions
- Is the WAL funding rate a live quote or an actual payment?
- A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 95% of the 2,340 settlements recorded here.
- Which exchange has paid the most settled WAL funding recently?
- WEEX paid the most over the last 30 days at +0.9000% of position size across 180 settlements, an average annualized rate of +10.96%. This is a sum of actual payments, not a forecast.
- How often is WAL funding actually paid?
- Over the last 30 days, ORBIT recorded 2,340 funding settlements for WAL across 13 venues. Settlement schedules differ by venue — some pay hourly, others every 4 or 8 hours — so the number of payments per venue in the table above is not the same for all of them.