BR Funding Rate — live across 10 venues
Perpetual funding · compared across 10 venues · net of estimated fees · updated every few minutesLive annualized BR perpetual funding across all 10 venues Perpia tracks. Right now BR funding is positive on 3 and negative on 7, ranging from +10.9% on Bybit to -83.7% on Gate.io — a spread of 94.6%. The widest delta-neutral trade is long Gate.io / short Bybit at 91.1% net APR.
BR funding trend & liquidity
168h 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.
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Build a route
any two of the 10 venuesThis 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 · 10 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| Bybit↗short | +10.9% | every 4h | |
| Variational↗ | +10.9% | every 4h | |
| HTX↗ | +10.9% | every 4h | |
| below — these venues pay the longs: this is the leg you buy | |||
| KuCoin↗ | −16.0% | every 4h | |
| Bitget↗ | −18.0% | every 4h | |
| Aster↗ | −43.3% | every 4h | |
| BingX↗ | −65.0% | every 4h | |
| Binance↗ | −66.3% | every 4h | |
| MEXC↗ | −66.6% | every 4h | |
| Gate.io↗long | −83.7% | every 4h | |
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 Gate.io vs Bybit page. 38 pairs scanned for BR.
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BR — FAQ
Is BR funding positive right now?
BR perpetual funding is positive on 3 of 10 venues Perpia tracks and negative on 7. The highest is +10.9% on Bybit; the lowest is -83.7% on Gate.io.
What is the best BR funding arbitrage right now?
Go long Gate.io and short Bybit for about 91.1% net APR after fees — the widest delta-neutral BR spread Perpia currently sees.
Which exchange has the highest BR funding rate?
Bybit, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How BR 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 BR
also quoted on both Bybit and Gate.ioThe same two exchanges you would already have funded for the BR trade. Every spread between them is on the Bybit vs Gate.io page.