# MET funding rate history — settled payments by exchange

Source: https://orbitperpscreener.com/markets/asset/MET/funding · window: last 30 days · generated 2026-09-23T19:06 UTC

What MET actually paid over the last 30 days: 5,836 settlements across 19 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. Backpack paid the most over the window at +4.9734% 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 83% of the 5,836 settlements recorded here, meaning longs paid shorts that often.

Over the window, settled totals ranged from +4.9734% on Backpack to -3.2139% on Phoenix — 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.

| Exchange | Settlements | Total paid | Average APR | Largest | Smallest | Last settled |
|---|---:|---:|---:|---:|---:|---|
| Backpack | 720 | +4.9734% | +60.55% | +0.0290% | -0.0148% | 2026-09-23 19:00 UTC |
| Toobit | 180 | +2.0075% | +24.44% | +0.0786% | -0.1067% | 2026-09-23 16:00 UTC |
| Hyperliquid | 719 | +0.9128% | +11.13% | +0.0211% | -0.0089% | 2026-09-23 18:00 UTC |
| ApeX | 720 | +0.9000% | +10.96% | +0.0013% | +0.0013% | 2026-09-23 19:00 UTC |
| BingX | 180 | +0.8738% | +10.64% | +0.0050% | -0.0075% | 2026-09-23 16:00 UTC |
| Gate.io | 180 | +0.7818% | +9.52% | +0.0050% | -0.0205% | 2026-09-23 16:00 UTC |
| Bitget | 180 | +0.7671% | +9.34% | +0.0050% | -0.0447% | 2026-09-23 16:00 UTC |
| Aster | 438 | +0.6037% | +3.02% | +0.0050% | -0.0182% | 2026-09-23 16:00 UTC |
| OKX | 180 | +0.5649% | +6.88% | +0.0050% | -0.0483% | 2026-09-23 16:00 UTC |
| BloFin | 180 | +0.5397% | +6.57% | +0.0192% | -0.0510% | 2026-09-23 16:00 UTC |
| Bitunix | 180 | +0.5077% | +6.18% | +0.0050% | -0.0283% | 2026-09-23 16:00 UTC |
| Pionex | 180 | +0.5010% | +6.10% | +0.0050% | -0.0495% | 2026-09-23 16:00 UTC |
| Binance Futures | 180 | +0.4849% | +5.90% | +0.0050% | -0.0493% | 2026-09-23 16:00 UTC |
| WEEX | 180 | +0.4840% | +5.89% | +0.0050% | -0.0493% | 2026-09-23 16:00 UTC |
| Hotcoin | 180 | +0.4840% | +5.89% | +0.0050% | -0.0493% | 2026-09-23 16:00 UTC |
| MEXC | 180 | +0.4837% | +5.89% | +0.0050% | -0.0487% | 2026-09-23 16:00 UTC |
| Bybit | 180 | +0.3109% | +3.78% | +0.0050% | -0.0393% | 2026-09-23 16:00 UTC |
| KuCoin | 180 | +0.1458% | +1.78% | +0.0050% | -0.0371% | 2026-09-23 16:00 UTC |
| Phoenix | 719 | -3.2139% | -39.18% | +0.0200% | -0.0698% | 2026-09-23 18:00 UTC |

## FAQ

### Is the MET 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 83% of the 5,836 settlements recorded here.

### Which exchange has paid the most settled MET funding recently?

Backpack paid the most over the last 30 days at +4.9734% of position size across 720 settlements, an average annualized rate of +60.55%. This is a sum of actual payments, not a forecast.

### How often is MET funding actually paid?

Over the last 30 days, ORBIT recorded 5,836 funding settlements for MET across 19 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.

### What is the widest settled MET funding spread between venues?

Over the last 30 days, settled totals ranged from +4.9734% on Backpack to -3.2139% on Phoenix. That gap is what a position holding both legs — long on the venue that paid least, short on the one that paid most — would have collected before fees and slippage. Check the current spread on the live screener, since settled history describes the past, not the next payment.

Live rates: https://orbitperpscreener.com/markets/asset/MET · Screener: https://orbitperpscreener.com/screener