ALT Funding Rate — live across 9 venues

Perpetual funding · compared across 9 venues · net of estimated fees · updated every few minutes

Live annualized ALT perpetual funding across all 9 venues Perpia tracks. Right now ALT funding is positive on 7 and negative on 2, ranging from +10.9% on BingX to -98.5% on Bybit — a spread of 109.4%. The widest delta-neutral trade is long Bybit / short BingX at 106.0% net APR.

9venues

7paying positive

109.4%funding spread

Best ALT spread now

106.0%

net APR after fees

LongBybit↗→ShortBingX↗

size depends on live venue depth — see the real cap in the scanner

ALT funding trend & liquidity

168h of history

109.4%current gross APR

5.4%24h average

12.6%7-day average

$2.9Mpair OI · lower leg

$1.8M24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

ALT · Bybit → BingX — no history

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Build a route

any two of the 9 venues

Long (pays you)every 4hShort (you collect)every 4h

Gross spread+109.4%+$29.98 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 9 venues

Venue	Funding APR ↓	Interval
BingX↗short	+10.9%	every 4h
Gate.io↗	+10.9%	every 8h
Bitget↗	+10.9%	every 4h
KuCoin↗	+10.9%	every 4h
Binance↗	+5.9%	every 4h
MEXC↗	+5.9%	every 4h
Variational↗	+4.3%	every 4h
below — these venues pay the longs: this is the leg you buy
Hyperliquid↗	−31.4%	every 1h
Bybit↗long	−98.5%	every 4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Bybit vs BingX page. 14 pairs scanned for ALT.

ALT arbitrage — 30-day backtest

long Bybit · short BingX

7.2%backtested APR

+$59historical net P&L on $10,000

0.03%max drawdown

$10,000$10,059

30 days agostarting capital $10,000today

Over the last 30 days, holding long Bybit / short BingX would have produced 7.2% APR — versus the 106.0% the live spread implies right now (equity $10,000 → $10,059). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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ALT — FAQ

Is ALT funding positive right now?

ALT perpetual funding is positive on 7 of 9 venues Perpia tracks and negative on 2. The highest is +10.9% on BingX; the lowest is -98.5% on Bybit.

What is the best ALT funding arbitrage right now?

Go long Bybit and short BingX for about 106.0% net APR after fees — the widest delta-neutral ALT spread Perpia currently sees.

Which exchange has the highest ALT funding rate?

BingX, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How ALT funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to ALT

also quoted on both BingX and Bybit

The same two exchanges you would already have funded for the ALT trade. Every spread between them is on the BingX vs Bybit page.

Open the live scanner →All funding rates Funding by exchange How we calculate this