BBX Funding Rate — live across 4 venues

Perpetual funding · compared across 4 venues · net of estimated fees · updated every few minutes

Live annualized BBX perpetual funding across all 4 venues Perpia tracks. Right now BBX funding is positive on 1 and negative on 0, ranging from +30.1% on Nado to +0.0% on KuCoin — a spread of 30.1%. The widest delta-neutral trade is long Variational / short Nado at 23.1% net APR.

4venues

1paying positive

30.1%funding spread

Best BBX spread now

23.1%

net APR after fees

LongVariational↗→ShortNado↗

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

BBX funding trend & liquidity

168h of history

30.1%current gross APR

14.7%24h average

1.6%7-day average

$38Kpair OI · lower leg

$17K24h 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.

BBX · Variational → Nado — no history

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Build a route

any two of the 4 venues

Long (pays you)every 8hShort (you collect)every 24h

Gross spread+30.1%+$8.23 / 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 · 4 venues

Venue	Funding APR ↓	Interval
Nado↗short	+30.1%	every 24h
Variational↗long	+0.0%	every 8h
Bybit↗	+0.0%	every 8h
KuCoin↗	+0.0%	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 Variational vs Nado page. 3 pairs scanned for BBX.

BBX arbitrage — 30-day backtest

long Variational · short Nado

14.6%backtested APR

+$120historical net P&L on $10,000

0.44%max drawdown

$10,000$10,120

30 days agostarting capital $10,000today

Over the last 30 days, holding long Variational / short Nado would have produced 14.6% APR — versus the 23.1% the live spread implies right now (equity $10,000 → $10,120). 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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BBX — FAQ

Is BBX funding positive right now?

BBX perpetual funding is positive on 1 of 4 venues Perpia tracks. The highest is +30.1% on Nado; the lowest is +0.0% on KuCoin.

What is the best BBX funding arbitrage right now?

Go long Variational and short Nado for about 23.1% net APR after fees — the widest delta-neutral BBX spread Perpia currently sees.

Which exchange has the highest BBX funding rate?

Nado, at +30.1% annualized. Funding shifts continuously, so check the live table above before trading.

How BBX 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 BBX

also quoted on both Nado and Variational

The same two exchanges you would already have funded for the BBX trade. Every spread between them is on the Nado vs Variational page.

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