# PAYP Funding Rate on Toobit

As of 2026-10-06 11:58 UTC, the PAYP perpetual on Toobit pays -0.0067% per 8h, -0.0067% per 8 hours (-7.39% APR), so shorts pay longs. That is the 10th highest of 11 exchanges shown, against a volume-weighted average of -0.0015% per 8 hours (-1.65% APR). Over the last 7 days Toobit averaged 0.0539% per 8 hours (59.00% APR). The next funding is at 2026-10-06 16:00 UTC.

## Funding on every exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [Deepcoin](https://arbtide.com/funding-rates/payp/deepcoin) | [PAYP/USDT:USDT](https://www.deepcoin.com/en/swap/PAYP-USDT) | 0.0058% | 8h | 6.35% | — |
| [Gate](https://arbtide.com/funding-rates/payp/gate) | [PAYP/USDT:USDT](https://www.gate.com/futures/USDT/PAYP_USDT) | 0.0000% | 8h | 0.00% | 2026-10-06 16:00 UTC |
| [KuCoin](https://arbtide.com/funding-rates/payp/kucoin) | [PAYP/USDT:USDT](https://www.kucoin.com/trade/futures/PAYPUSDTM) | 0.0000% | 8h | 0.00% | 2026-10-06 16:00 UTC |
| [HTX](https://arbtide.com/funding-rates/payp/htx) | [PAYP/USDT:USDT](https://www.htx.com/futures/linear_swap/exchange#contract_code=PAYP-USDT&contract_type=swap&type=cross) | 0.0000% | 8h | 0.00% | 2026-10-06 16:00 UTC |
| [Aster](https://arbtide.com/funding-rates/payp/aster) | [PAYP/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/PAYPUSDT) | 0.0000% | 8h | 0.00% | — |
| [WEEX](https://arbtide.com/funding-rates/payp/weex) | [PAYP/USDT:USDT](https://www.weex.com/futures/PAYP-USDT) | -0.0022% | 8h | -2.43% | 2026-10-06 11:58 UTC |
| [Binance](https://arbtide.com/funding-rates/payp/binance) | [PAYP/USDT:USDT](https://www.binance.com/en/futures/PAYPUSDT) | -0.0067% | 8h | -7.39% | 2026-10-06 16:00 UTC |
| [XT.COM](https://arbtide.com/funding-rates/payp/xt) | [PAYP/USDT:USDT](https://www.xt.com/en/futures/trade/payp_usdt) | -0.0067% | 8h | -7.39% | 2026-10-06 16:00 UTC |
| [LBank](https://arbtide.com/funding-rates/payp/lbank) | [PAYP/USDT:USDT](https://www.lbank.com/futures/paypusdt) | -0.0067% | 8h | -7.39% | 2026-10-06 16:00 UTC |
| [Toobit](https://arbtide.com/funding-rates/payp/toobit) | [PAYP/USDT:USDT](https://www.toobit.com/en-US/futures/PAYP-SWAP-USDT) | -0.0067% | 8h | -7.39% | 2026-10-06 16:00 UTC |
| [Crypto.com](https://arbtide.com/funding-rates/payp/cryptocom) | [PAYP/USD:USD](https://crypto.com/exchange/trade/PAYPUSD-PERP) | -0.0069% | 1h | -60.72% | 2026-10-06 12:00 UTC |

## Frequently asked questions

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

-0.0067% per 8h, or -0.0067% per 8 hours (-7.39% APR), so shorts pay longs. The 7-day average is 0.0539% per 8 hours (59.00% APR).

### How often does Toobit pay PAYP funding?

Every 8 hours. The next payment is at 2026-10-06 16:00 UTC.

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

Toobit is the 10th highest of 11 exchanges shown. The highest is Deepcoin at 0.0058% per 8h (6.35% APR) and the lowest is Toobit at -0.0067% per 8h (-7.39% APR).

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

Long PAYP on Toobit and short on Deepcoin for a gross spread of 0.0126% per 8 hours (13.74% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.