BTC Funding Rate — live across 27 venues
Compared across 27 supported venues · net of estimated fees · updated every few minutes
Live annualized BTC perpetual funding across all 27 venues Perpia tracks. Right now BTC funding is positive on 15 and negative on 10, ranging from +11.4% on Extended to -12.9% on Risex — a spread of 24.3%. The widest delta-neutral trade is long Risex / short Extended at 22.8% net APR.
BTC 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.
BTC funding rate by venue
234 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Extended↗ | +11.4% | 1h |
| Vest↗ | +10.9% | 1h |
| Arcus↗ | +10.9% | 1h |
| BackPack↗ | +10.9% | 1h |
| Pacifica↗ | +10.9% | 1h |
| Lighter↗ | +10.5% | 8h |
| Nado↗ | +8.9% | 24h |
| Ondo Perps | +8.5% | 1h |
| Paradex↗ | +7.7% | 8h |
| Sodex↗ | +7.2% | 1h |
| Binance↗ | +1.9% | 8h |
| Variational↗ | +1.9% | 8h |
| MEXC↗ | +1.9% | 8h |
| Bitget↗ | +1.1% | 8h |
| GMTrade↗ | +0.3% | 1h |
| dYdX↗ | +0.0% | 1h |
| Ostium↗ | +0.0% | 1h |
| Hyperliquid↗ | -1.0% | 1h |
| Gate.io↗ | -1.0% | 8h |
| Bybit↗ | -1.4% | 8h |
| KuCoin↗ | -2.4% | 8h |
| Aster↗ | -2.7% | 8h |
| OKX↗ | -3.3% | 8h |
| BingX↗ | -3.3% | 8h |
| 01↗ | -4.4% | 1h |
| ApeX↗ | -5.0% | 1h |
| Risex↗ | -12.9% | 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 Risex vs Extended page.
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BTC funding — FAQ
Is BTC funding positive right now?
BTC perpetual funding is positive on 15 of 27 venues Perpia tracks and negative on 10. The highest is +11.4% on Extended; the lowest is -12.9% on Risex.
What is the best BTC funding arbitrage right now?
Go long Risex and short Extended for about 22.8% net APR after fees — the widest delta-neutral BTC spread Perpia currently sees.
Which exchange has the highest BTC funding rate?
Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.
How BTC 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 BTC
Markets also quoted on both Extended and Risex — the same two exchanges you would already have funded for the BTC trade.
See every spread between them on the Extended vs Risex page.