BONER Funding Rate — live across 3 venues
Compared across 3 supported venues · net of estimated fees · updated every few minutes
Live annualized BONER perpetual funding across all 3 venues Perpia tracks. Right now BONER funding is positive on 1 and negative on 2, ranging from +167.3% on Gate.io to -31.3% on MEXC — a spread of 198.6%. The widest delta-neutral trade is long MEXC / short Gate.io at 172.7% net APR.
BONER funding trend & liquidity
67h of historyAverages 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.
BONER funding rate by venue
2 pairs scannedRates 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 Gate.io page.
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BONER funding — FAQ
Is BONER funding positive right now?
BONER perpetual funding is positive on 1 of 3 venues Perpia tracks and negative on 2. The highest is +167.3% on Gate.io; the lowest is -31.3% on MEXC.
What is the best BONER funding arbitrage right now?
Go long MEXC and short Gate.io for about 172.7% net APR after fees — the widest delta-neutral BONER spread Perpia currently sees.
Which exchange has the highest BONER funding rate?
Gate.io, at +167.3% annualized. Funding shifts continuously, so check the live table above before trading.
How BONER 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 BONER
Markets also quoted on both Gate.io and MEXC — the same two exchanges you would already have funded for the BONER trade.
See every spread between them on the Gate.io vs MEXC page.