ARB Funding Rate — live across 21 venues
Perpetual funding · compared across 21 venues · net of estimated fees · updated every few minutesLive annualized ARB perpetual funding across all 21 venues Perpia tracks. Right now ARB funding is positive on 14 and negative on 5, ranging from +14.3% on Risex to -13.9% on OKX — a spread of 28.2%. The widest delta-neutral trade is long MEXC / short Risex at 26.0% net APR.
ARB funding trend & liquidity
168h of historyAverages 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.
Loading ARB rate history…
Build a route
any two of the 21 venuesThis 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 · 21 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| Risex↗short | +14.3% | every 1h | |
| Bitget↗ | +10.9% | every 8h | |
| BingX↗ | +10.9% | every 8h | |
| BackPack↗ | +10.9% | every 1h | |
| Hyperliquid↗ | +10.9% | every 1h | |
| Aster↗ | +10.9% | every 8h | |
| KuCoin↗ | +10.9% | every 8h | |
| ApeX↗ | +10.9% | every 1h | |
| Pacifica↗ | +10.9% | every 1h | |
| Lighter↗ | +10.5% | every 8h | |
| Bybit↗ | +7.6% | every 8h | |
| GMTrade↗ | +1.3% | every 1h | |
| Binance↗ | +0.1% | every 8h | |
| HTX↗ | +0.1% | every 8h | |
| dYdX↗ | +0.0% | every 1h | |
| Extended↗ | +0.0% | every 1h | |
| below — these venues pay the longs: this is the leg you buy | |||
| Sodex↗ | −0.4% | every 1h | |
| Gate.io↗ | −1.1% | every 8h | |
| Variational↗ | −12.2% | every 8h | |
| MEXC↗long | −13.6% | every 8h | |
| OKX↗ | −13.9% | every 8h | |
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 MEXC vs Risex page. 136 pairs scanned for ARB.
ARB arbitrage — 30-day backtest
long MEXC · short RisexOver the last 30 days, holding long MEXC / short Risex would have produced 11.8% APR — versus the 26.0% the live spread implies right now (equity $10,000 → $10,097). 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 →ARB — FAQ
Is ARB funding positive right now?
ARB perpetual funding is positive on 14 of 21 venues Perpia tracks and negative on 5. The highest is +14.3% on Risex; the lowest is -13.9% on OKX.
What is the best ARB funding arbitrage right now?
Go long MEXC and short Risex for about 26.0% net APR after fees — the widest delta-neutral ARB spread Perpia currently sees.
Which exchange has the highest ARB funding rate?
Risex, at +14.3% annualized. Funding shifts continuously, so check the live table above before trading.
How ARB 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 ARB
also quoted on both MEXC and RisexThe same two exchanges you would already have funded for the ARB trade. Every spread between them is on the MEXC vs Risex page.