BAT Funding Rate — live across 8 venues

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

Live annualized BAT perpetual funding across all 8 venues Perpia tracks. Right now BAT funding is positive on 6 and negative on 2, ranging from +10.9% on BingX to -38.0% on Bybit — a spread of 49.0%. The widest delta-neutral trade is long Bybit / short BingX at 46.0% net APR.

venues

paying positive

49.0%

funding spread

Best BAT spread now

46.0%

net APR after fees

Long Bybit→Short BingX

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

BAT funding trend & liquidity

168h of history

49.0%

current gross APR

-0.5%

24h average

11.5%

7-day average

$1.0M

pair OI · lower leg

$346K

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.

BAT funding rate history

30d · 6h buckets · 8 venues

17.8%0-80.9%

4 Aug3 Sep

BAT — average across 8 venuesBinanceBitgetKuCoinMEXC

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: +8.3%. A break in a line means no data was recorded for that stretch, not a zero rate.

BAT funding rate by venue

14 pairs scanned

Venue	Funding APR	Interval
BingX ↗	+10.9%	8h
Bitget ↗	+10.9%	8h
Gate.io ↗	+10.9%	8h
KuCoin ↗	+10.9%	8h
Binance ↗	+8.0%	8h
MEXC ↗	+7.8%	8h
OKX ↗	-15.3%	8h
Bybit ↗	-38.0%	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 Bybit vs BingX page.

BAT arbitrage — 30-day backtest

long Bybit · short BingX

7.2%

backtested APR

+$59

historical net P&L on $10,000

0.02%

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 46.0% 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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BAT funding — FAQ

Is BAT funding positive right now?

BAT perpetual funding is positive on 6 of 8 venues Perpia tracks and negative on 2. The highest is +10.9% on BingX; the lowest is -38.0% on Bybit.

What is the best BAT funding arbitrage right now?

Go long Bybit and short BingX for about 46.0% net APR after fees — the widest delta-neutral BAT spread Perpia currently sees.

Which exchange has the highest BAT funding rate?

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

How BAT 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 BAT

Markets also quoted on both BingX and Bybit — the same two exchanges you would already have funded for the BAT trade.

See every spread between them on the BingX vs Bybit page.

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