BIRB Funding Rate — live across 6 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized BIRB perpetual funding across all 6 venues Perpia tracks. Right now BIRB funding is positive on 5 and negative on 1, ranging from +10.9% on Bitget to -1.8% on Bybit — a spread of 12.7%. The widest delta-neutral trade is long Bybit / short Bitget at 9.9% net APR.
BIRB funding rate by venue
7 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Bitget | +10.9% | 4h |
| BingX | +10.9% | 4h |
| Gate.io | +7.9% | 4h |
| MEXC | +5.5% | 8h |
| Binance | +5.5% | 8h |
| Bybit | -1.8% | 4h |
Rates annualized; updated ~every few minutes from live venue data.
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BIRB funding — FAQ
Is BIRB funding positive right now?
BIRB perpetual funding is positive on 5 of 6 venues Perpia tracks and negative on 1. The highest is +10.9% on Bitget; the lowest is -1.8% on Bybit.
What is the best BIRB funding arbitrage right now?
Go long Bybit and short Bitget for about 9.9% net APR after fees — the widest delta-neutral BIRB spread Perpia currently sees.
Which exchange has the highest BIRB funding rate?
Bitget, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How BIRB 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.