BASED Funding Rate — live across 12 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized BASED perpetual funding across all 12 venues Perpia tracks. Right now BASED funding is positive on 11 and negative on 1, ranging from +10.9% on OKX to -79.3% on KuCoin — a spread of 90.2%. The widest delta-neutral trade is long KuCoin / short OKX at 86.1% net APR.
BASED funding rate by venue
27 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| OKX | +10.9% | 4h |
| Bybit | +10.9% | 4h |
| Gate.io | +10.9% | 4h |
| Bitget | +10.9% | 4h |
| Variational | +10.9% | 4h |
| BingX | +10.9% | 4h |
| Aster | +10.9% | 1h |
| Sodex | +10.9% | 1h |
| HyENA | +7.0% | 1h |
| MEXC | +5.5% | 8h |
| Binance | +5.5% | 8h |
| KuCoin | -79.3% | 4h |
Rates annualized; updated ~every few minutes from live venue data.
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BASED funding — FAQ
Is BASED funding positive right now?
BASED perpetual funding is positive on 11 of 12 venues Perpia tracks and negative on 1. The highest is +10.9% on OKX; the lowest is -79.3% on KuCoin.
What is the best BASED funding arbitrage right now?
Go long KuCoin and short OKX for about 86.1% net APR after fees — the widest delta-neutral BASED spread Perpia currently sees.
Which exchange has the highest BASED funding rate?
OKX, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How BASED funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.