Funding Rate (ORCA)

Compare perpetual funding rates across exchanges in real time · OI-weighted composite rate · updated every minute

current price: $1.15

Rate MatrixHeatmapCumulative Fees

ORCA Funding Rate by Exchange

Next settlement --:--:--
#ExchangeFunding RateAPRSettlement IntervalNext SettlementOpen Interest
1Binance+0.0050%+10.95%4h00:00 UTC$2.4M
2KuCoin+0.0050%+10.95%4h00:00 UTC$1.5M
3Bybit+0.0050%+10.95%4h00:00 UTC$1.1M
4Bitget+0.0050%+10.95%4h$0.6M
5MEXC+0.0050%$0.5M
6WhiteBIT+0.0050%+10.95%4h00:00 UTC$0.5M
7Gate+0.0050%+10.95%4h00:00 UTC$0.1M
8Kraken-0.0119%$0.0M
9Crypto.comhighest+0.0244%$0.0M
10Aster+0.0013%+10.95%1h23:00 UTC$0.0M
11BingX+0.0035%00:00 UTC
12Bitunix+0.0050%+10.95%4h00:00 UTC
13LBank+0.0050%00:00 UTC
APR = period rate × (24 / settlement interval) × 365. Shown as — when the exchange's settlement interval is unknown.
Simple Average
+0.0048%
OI-Weighted Rate
+0.0050%
Volume-Weighted Rate
+0.0050%

ORCA Funding Rate History

ORCA Cumulative Funding Cost

Cumulative settled funding rate by exchange over each window — positive means longs paid shorts (cost of holding a long), negative means shorts paid longs.

Exchange1D7D30D90D
Binance+0.0050%+0.0647%+0.4386%+0.8564%

About Funding Rate

What is the ORCA funding rate?

The ORCA funding rate is a periodic payment between long and short traders on perpetual futures, designed to keep the contract price anchored to the spot index. When the rate is positive, longs pay shorts; when negative, shorts pay longs. It is the main ongoing cost (or income) of holding a leveraged ORCA perpetual position.

What does a positive or negative ORCA funding rate mean?

A persistently positive ORCA funding rate signals crowded long positioning and bullish sentiment — longs keep paying to stay in the trade. A negative rate signals short-side dominance and bearish sentiment. Extreme funding rates in either direction often indicate an overcrowded trade and raise the risk of a sharp reversal or short squeeze/long squeeze.

What is the current ORCA funding rate?

As of now, the ORCA funding rate averages 0.0048% across 13 exchanges CoinBoss tracks, and the rate is positive. This figure updates in real time — check the table above for the latest per-exchange breakdown and the OI-weighted composite rate.

Which exchange has the highest ORCA funding rate?

Right now cryptocom shows the highest (or most extreme) ORCA funding rate among tracked exchanges, at 0.0244%. Funding rates can vary meaningfully across exchanges due to differences in order-book premium, index price and leverage demand — creating potential funding rate arbitrage opportunities.
Most exchanges settle funding every 8 hours (00:00 / 08:00 / 16:00 UTC). Actual settlement intervals may vary by exchange and contract.