BARD Funding Rate — live across 8 venues

Compared across 8 supported venues · net of estimated fees · updated every few minutes

Live annualized BARD perpetual funding across all 8 venues Perpia tracks. Right now BARD funding is positive on 6 and negative on 2, ranging from +10.9% on OKX to -6.4% on MEXC — a spread of 17.3%. The widest delta-neutral trade is long MEXC / short OKX at 13.5% net APR.

venues

paying positive

17.3%

funding spread

Best BARD spread now

13.5%

net APR after fees

Long MEXC→Short OKX

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

BARD funding trend & liquidity

169h of history

17.3%

current gross APR

-0.3%

24h average

3.1%

7-day average

$547K

pair OI · lower leg

$183K

24h 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.

BARD funding rate history

30d · 6h buckets · 9 venues

32.5%0-195.3%

3 Aug2 Sep

BARD — average across 9 venuesAsterBinanceBitgetKuCoin

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: -5.1%. A break in a line means no data was recorded for that stretch, not a zero rate.

BARD funding rate by venue

12 pairs scanned

Venue	Funding APR	Interval
OKX ↗	+10.9%	4h
Variational ↗	+10.9%	4h
Aster ↗	+10.9%	1h
KuCoin ↗	+10.9%	4h
BingX ↗	+10.9%	4h
Bitget ↗	+9.2%	4h
Binance ↗	-5.9%	4h
MEXC ↗	-6.4%	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 MEXC vs OKX page.

BARD arbitrage — 30-day backtest

long MEXC · short OKX

10.3%

backtested APR

+$85

historical net P&L on $10,000

0.01%

max drawdown

$10,000$10,085

30 days agostarting capital $10,000today

Over the last 30 days, holding long MEXC / short OKX would have produced 10.3% APR — versus the 13.5% the live spread implies right now (equity $10,000 → $10,085). 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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BARD funding — FAQ

Is BARD funding positive right now?

BARD perpetual funding is positive on 6 of 8 venues Perpia tracks and negative on 2. The highest is +10.9% on OKX; the lowest is -6.4% on MEXC.

What is the best BARD funding arbitrage right now?

Go long MEXC and short OKX for about 13.5% net APR after fees — the widest delta-neutral BARD spread Perpia currently sees.

Which exchange has the highest BARD funding rate?

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

How BARD 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 BARD

Markets also quoted on both MEXC and OKX — the same two exchanges you would already have funded for the BARD trade.

See every spread between them on the MEXC vs OKX page.

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