BREV Funding Rate — live across 8 venues

Compared across 8 supported venues · net of estimated fees · updated every few minutes

Live annualized BREV perpetual funding across all 8 venues Perpia tracks. Right now BREV funding is positive on 6 and negative on 2, ranging from +10.9% on MEXC to -8.3% on KuCoin — a spread of 19.3%. The widest delta-neutral trade is long KuCoin / short MEXC at 16.0% net APR.

venues

paying positive

19.3%

funding spread

Best BREV spread now

16.0%

net APR after fees

Long KuCoin→Short MEXC

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

BREV funding trend & liquidity

169h of history

19.3%

current gross APR

7.6%

24h average

26.1%

7-day average

$722K

pair OI · lower leg

$23K

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.

BREV funding rate history

30d · 6h buckets · 10 venues

55.4%0-125.9%

6 Aug4 Sep

BREV — average across 10 venuesAsterBinanceBitgetKuCoin

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: +0.1%. A break in a line means no data was recorded for that stretch, not a zero rate.

BREV funding rate by venue

11 pairs scanned

Venue	Funding APR	Interval
MEXC ↗	+10.9%	4h
Binance ↗	+10.9%	4h
OKX ↗	+10.9%	4h
BingX ↗	+10.9%	4h
Bitget ↗	+10.9%	4h
Gate.io ↗	+10.9%	8h
Bybit ↗	-5.5%	4h
KuCoin ↗	-8.3%	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 KuCoin vs MEXC page.

BREV arbitrage — 30-day backtest

long KuCoin · short MEXC

10.5%

backtested APR

+$86

historical net P&L on $10,000

0.02%

max drawdown

$10,000$10,086

30 days agostarting capital $10,000today

Over the last 30 days, holding long KuCoin / short MEXC would have produced 10.5% APR — versus the 16.0% the live spread implies right now (equity $10,000 → $10,086). 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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BREV funding — FAQ

Is BREV funding positive right now?

BREV perpetual funding is positive on 6 of 8 venues Perpia tracks and negative on 2. The highest is +10.9% on MEXC; the lowest is -8.3% on KuCoin.

What is the best BREV funding arbitrage right now?

Go long KuCoin and short MEXC for about 16.0% net APR after fees — the widest delta-neutral BREV spread Perpia currently sees.

Which exchange has the highest BREV funding rate?

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

How BREV 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 BREV

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

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

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