BOT Funding Rate — live across 10 venues

Compared across 10 supported venues · net of estimated fees · updated every few minutes

Live annualized BOT perpetual funding across all 10 venues Perpia tracks. Right now BOT funding is positive on 3 and negative on 2, ranging from +10.9% on KuCoin to -105.8% on Hyperliquid — a spread of 116.8%. The widest delta-neutral trade is long Hyperliquid / short KuCoin at 103.1% net APR.

venues

paying positive

116.8%

funding spread

Best BOT spread now

103.1%

net APR after fees

Long Hyperliquid→Short KuCoin

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

BOT funding trend & liquidity

168h of history

116.8%

current gross APR

76.9%

24h average

13.3%

7-day average

$79K

pair OI · lower leg

$360K

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.

BOT funding rate history

30d · 6h buckets · 10 venues

485%0-463.6%

6 Aug5 Sep

BOT — average across 10 venuesBitgetKuCoinOKXBybit

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: +22.4%. A break in a line means no data was recorded for that stretch, not a zero rate.

BOT funding rate by venue

22 pairs scanned

Venue	Funding APR	Interval
KuCoin ↗	+10.9%	8h
Arcus ↗	+4.2%	1h
Lighter ↗	+3.5%	8h
Variational ↗	+0.0%	8h
Gate.io ↗	+0.0%	8h
OKX ↗	+0.0%	8h
Bybit ↗	+0.0%	8h
Bitget ↗	+0.0%	8h
trade.xyz ↗	-105.8%	1h
Hyperliquid ↗	-105.8%	1h

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 Hyperliquid vs KuCoin page.

BOT arbitrage — 30-day backtest

long Hyperliquid · short KuCoin

21.4%

backtested APR

+$176

historical net P&L on $10,000

0.80%

max drawdown

$10,000$10,176

30 days agostarting capital $10,000today

Over the last 30 days, holding long Hyperliquid / short KuCoin would have produced 21.4% APR — versus the 103.1% the live spread implies right now (equity $10,000 → $10,176). 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 →

Loading BOT backtest…

BOT funding — FAQ

Is BOT funding positive right now?

BOT perpetual funding is positive on 3 of 10 venues Perpia tracks and negative on 2. The highest is +10.9% on KuCoin; the lowest is -105.8% on Hyperliquid.

What is the best BOT funding arbitrage right now?

Go long Hyperliquid and short KuCoin for about 103.1% net APR after fees — the widest delta-neutral BOT spread Perpia currently sees.

Which exchange has the highest BOT funding rate?

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

How BOT 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 BOT

Markets also quoted on both Hyperliquid and KuCoin — the same two exchanges you would already have funded for the BOT trade.

See every spread between them on the Hyperliquid vs KuCoin page.

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