Binance ORCA perpetual
ORCAUSDT
As of 2026-10-06 23:39 UTC, ORCAUSDT on Binance has a collected rate of -0.0964% over 4h, or -211.12% simple annualised; its collected settlement interval is 4h, with up to 50x leverage. Bybit has a lower rate for longs at -356.13%.
Settled rates over the past 30 days
Settled funding for ORCAUSDT
The latest 30-day window contains 179 settlements covering 716 known-period hours, with a cumulative rate of -3.8663%. The latest 12 settlements are shown below.
| Settlement time (UTC) | Rate | Rate period |
|---|---|---|
| 2026-10-06 16:00 | -0.0515% | 4h |
| 2026-10-06 12:00 | -0.0835% | 4h |
| 2026-10-06 08:00 | -0.0511% | 4h |
| 2026-10-06 04:00 | -0.0557% | 4h |
| 2026-10-06 00:00 | -0.1024% | 4h |
| 2026-10-05 20:00 | -0.1722% | 4h |
| 2026-10-05 16:00 | -0.0976% | 4h |
| 2026-10-05 12:00 | -0.1205% | 4h |
| 2026-10-05 08:00 | -0.1360% | 4h |
| 2026-10-05 04:00 | -0.1808% | 4h |
| 2026-10-05 00:00 | -0.0948% | 4h |
| 2026-10-04 20:00 | -0.1333% | 4h |
The cumulative rate sums actual settlements with known periods. Positive totals mean net payment by longs and receipt by shorts; negative totals reverse the direction. If notional value changed, multiplying the current position by this total will not reproduce account cash flows. Historical rates do not predict returns.
What does this rate mean for a 10,000 USDT position?
For ORCAUSDT, 10,000 USDT of notional × -0.096401% gives 9.6401 USDT over the quoted 4h rate period: longs receive and shorts pay. This is a constant-rate illustration, not a settled bill or a forecast. Use the actual settlement rate and notional at each settlement; leverage is not multiplied again. Trading fees are separate.
How do I select the margin tier for ORCAUSDT?
This table selects tiers by position notional in USDT, not by the amount of margin deposited. The first tier starts at 0 and ends at 5000 USDT. Above that, tier 2 requires 2.0000% maintenance margin.
Further readingHow liquidation price is calculated: tiered maintenance margin and deductionsHow funding fees work: amounts, signs and settlement
Maintenance margin ladder
With deduction · An isolated-margin estimate for linear contracts; excludes closing fees, accrued funding, auto-added margin and other positions.
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 5000 quote | 1.5000% | 50.00x | — |
| 2 | 5000 – 10000 quote | 2.0000% | 25.00x | 25 |
| 3 | 10000 – 25000 quote | 2.5000% | 20.00x | 75 |
| 4 | 25000 – 62500 quote | 5.0000% | 10.00x | 700 |
| 5 | 62500 – 125000 quote | 10.0000% | 5.00x | 3825 |
| 6 | 125000 – 250000 quote | 12.5000% | 4.00x | 6950 |
| 7 | 250000 – 500000 quote | 16.6700% | 3.00x | 17375 |
| 8 | 500000 – 7500000 quote | 25.0000% | 2.00x | 59025 |
| 9 | 7500000 – 12500000 quote | 50.0000% | 1.00x | 1934025 |
Contract specification
Quote currency: USDT · Settlement currency: USDT · Settlement interval: 4h (00:00 · 04:00 · 08:00 · 12:00 · 16:00 · 20:00 UTC). Lot size uses the venue’s original order unit; the calculator takes base-asset quantity. Settlement intervals and times on every venue.
The same asset elsewhere
| Venue | Contract | Rate period | Annualised |
|---|---|---|---|
| Bybit | ORCAUSDT | 4h | -356.13% |
| Gate | ORCA_USDT | 4h | -291.27% |
| Bitget | ORCAUSDT | 4h | -282.95% |
| Aster | ORCAUSDT | 4h | -220.06% |
| Binance this page | ORCAUSDT | 4h | -211.12% |
Common questions
What is the Binance ORCA funding rate?
The latest collected Binance ORCA funding rate is -0.0964% per 4h rate period, or -211.12% simple annualised. At this rate shorts pay longs.
How often is funding charged on Binance ORCA?
The collected settlement interval is 4h, normally 6 times a day. Settlements fall at 00:00, 04:00, 08:00, 12:00, 16:00 and 20:00 UTC, the same times in UTC+8. Venues can change it again; confirm the next settlement time on the venue's contract page.
What is the maximum leverage on Binance ORCA?
The collected leverage cap for Binance ORCA is 50x, with 9 margin tiers shown. The first margin tier, up to 5K USDT, allows 50x; the second allows 25x.
What is the maintenance margin rate on Binance ORCA?
The first tier requires 1.5000%, with 9 available tiers. The applicable requirement depends on the position’s tier. This venue applies a deduction: maintenance margin = notional × tier rate − the tier's maintenance amount.
Which venue has the lowest ORCA funding cost for longs?
For a long position, Bybit currently has the lowest rate at -356.13% annualised; this page's Binance is at -211.12%. Negative funding pays longs. Trading costs are excluded, and the cash-flow direction reverses for shorts.
What has Binance ORCA funding paid over the past 30 days?
Settlements over the past 30 days annualise to -47.30% across 179 settlements, 37% of which were negative (shorts paying). That is what already happened, not a forecast.
Observation time and verification
This contract’s funding was observed at 2026-10-06 23:39 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. Binance official data source · Funding methodology
History coverage for this contract
179 settlements are available, covering 716 known-period hours, from 2026-09-07 00:00 to 2026-10-06 16:00 UTC. Annualisation uses those covered hours; a full 30-day record is not implied.