# AUCTION Funding Rate on Toobit

As of 2026-10-06 00:18 UTC, the AUCTION perpetual on Toobit pays -0.0059% per 4h, -0.0118% per 8 hours (-12.97% APR), so shorts pay longs. That is the 11th highest of 13 exchanges shown, against a volume-weighted average of -0.0038% per 8 hours (-4.18% APR). Over the last 7 days Toobit averaged 0.0095% per 8 hours (10.37% APR). The next funding is at 2026-10-06 04:00 UTC.

## Funding on every exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [Bybit](https://arbtide.com/funding-rates/auction/bybit) | [AUCTION/USDT:USDT](https://www.bybit.com/trade/usdt/AUCTIONUSDT) | 0.0050% | 4h | 10.95% | 2026-10-06 04:00 UTC |
| [OKX](https://arbtide.com/funding-rates/auction/okx) | [AUCTION/USDT:USDT](https://www.okx.com/trade-swap/auction-usdt-swap) | 0.0050% | 4h | 10.95% | 2026-10-06 04:00 UTC |
| [Bitget](https://arbtide.com/funding-rates/auction/bitget) | [AUCTION/USDT:USDT](https://www.bitget.com/futures/usdt/AUCTIONUSDT) | 0.0050% | 4h | 10.95% | — |
| [Gate](https://arbtide.com/funding-rates/auction/gate) | [AUCTION/USDT:USDT](https://www.gate.com/futures/USDT/AUCTION_USDT) | 0.0100% | 8h | 10.95% | 2026-10-06 08:00 UTC |
| [BingX](https://arbtide.com/funding-rates/auction/bingx) | [AUCTION/USDT:USDT](https://bingx.com/en/perpetual/AUCTION-USDT) | 0.0050% | 4h | 10.95% | — |
| [WhiteBIT](https://arbtide.com/funding-rates/auction/whitebit) | [AUCTION/USDT:USDT](https://whitebit.com/trade/AUCTION-PERP?type=futures) | 0.0050% | 4h | 10.95% | 2026-10-06 04:00 UTC |
| [KuCoin](https://arbtide.com/funding-rates/auction/kucoin) | [AUCTION/USDT:USDT](https://www.kucoin.com/trade/futures/AUCTIONUSDTM) | -0.0023% | 4h | -5.04% | 2026-10-06 04:00 UTC |
| [MEXC](https://arbtide.com/funding-rates/auction/mexc) | [AUCTION/USDT:USDT](https://www.mexc.com/futures/AUCTION_USDT) | -0.0058% | 4h | -12.70% | 2026-10-06 04:00 UTC |
| [LBank](https://arbtide.com/funding-rates/auction/lbank) | [AUCTION/USDT:USDT](https://www.lbank.com/futures/auctionusdt) | -0.0059% | 4h | -12.92% | 2026-10-06 04:00 UTC |
| [Binance](https://arbtide.com/funding-rates/auction/binance) | [AUCTION/USDT:USDT](https://www.binance.com/en/futures/AUCTIONUSDT) | -0.0059% | 4h | -12.97% | 2026-10-06 04:00 UTC |
| [Toobit](https://arbtide.com/funding-rates/auction/toobit) | [AUCTION/USDT:USDT](https://www.toobit.com/en-US/futures/AUCTION-SWAP-USDT) | -0.0059% | 4h | -12.97% | 2026-10-06 04:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/auction/weex) | [AUCTION/USDT:USDT](https://www.weex.com/futures/AUCTION-USDT) | -0.0074% | 4h | -16.29% | 2026-10-06 00:17 UTC |
| [Aster](https://arbtide.com/funding-rates/auction/aster) | [AUCTION/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/AUCTIONUSDT) | -0.0292% | 4h | -63.98% | — |

## Frequently asked questions

### What is the AUCTION funding rate on Toobit?

-0.0059% per 4h, or -0.0118% per 8 hours (-12.97% APR), so shorts pay longs. The 7-day average is 0.0095% per 8 hours (10.37% APR).

### How often does Toobit pay AUCTION funding?

Every 4 hours. The next payment is at 2026-10-06 04:00 UTC.

### Is AUCTION funding on Toobit higher than on other exchanges?

Toobit is the 11th highest of 13 exchanges shown. The highest is Bybit at 0.0050% per 4h (10.95% APR) and the lowest is WEEX at -0.0074% per 4h (-16.29% APR).

### How do you arbitrage AUCTION funding with Toobit?

Long AUCTION on Toobit and short on Bybit for a gross spread of 0.0218% per 8 hours (23.92% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.