ORCA funding rate

Live Orca perpetual funding on every connected exchange. Positive funding means longs pay shorts.

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Highest (24h)-0.672%MEXC

Lowest (24h)-1.500%Variational

Average (24h)-0.955%across 8 venues

Funding gap (24h)+0.828%short the highest, long the lowest

ExchangeFundingIntervalNext in24hAPRMarkvs indexVolume

MEXCCEX · ORCA_USDT-0.1120%4h01:22:42-0.672%-245.3%$3.11-0.321%$8.56M

AsterPerp DEX · ORCAUSDT-0.1120%4h—-0.672%-245.4%$3.12-0.147%—

BinanceCEX · ORCAUSDT-0.1121%4h—-0.673%-245.6%$3.11-0.305%—

BitgetCEX · ORCAUSDT-0.1302%4h—-0.781%-285.1%$3.11-0.331%$63.03M

KuCoinCEX · ORCAUSDTM-0.1578%4h01:22:42-0.947%-345.6%$3.11-0.342%$13.60M

GateCEX · ORCA_USDT-0.1597%4h01:22:42-0.958%-349.7%$3.11-0.385%$41.89M

BybitCEX · ORCAUSDT-0.2393%4h—-1.436%-524.0%$3.13-0.357%$83.28M

VariationalCEX · ORCA-0.2500%4h—-1.500%-547.6%$3.13—$1.35M

ORCA funding rate explained

Right now Orca (ORCA) perpetual futures trade on 8 exchanges we track. The highest funding is on MEXC at -0.672% per day, the lowest on Variational at -1.500%. The average across all venues is -0.955% per day, or about -348.5% a year. Negative funding means ORCA shorts are paying longs — the market is leaning short.

The gap between the highest and lowest venue is +0.828% per day. A delta-neutral position that shorts ORCA on MEXC and goes long on Variational would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live ORCA arbitrage page for the price side of the trade.

Settlement intervals differ: ORCA funding is paid every 4 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.

What is the ORCA funding rate today?

The average ORCA funding rate across 8 exchanges is -0.955% per 24 hours. It ranges from -1.500% on Variational to -0.672% on MEXC. Rates update every few seconds on this page.

Which exchange has the highest ORCA funding rate?

MEXC currently has the highest ORCA funding at -0.672% per day, and Variational the lowest at -1.500%.

How often is ORCA funding paid?

ORCA perpetuals settle funding every 4 hours, depending on the exchange. The table shows each venue's interval and a countdown to the next payment.

Is ORCA funding positive or negative?

On average it is negative (-0.955% per day): shorts pay longs.