BTC Funding Rate — live across 28 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized BTC perpetual funding across all 28 venues Perpia tracks. Right now BTC funding is positive on 20 and negative on 7, ranging from +11.4% on Extended to -26.1% on KuCoin — a spread of 37.4%. The widest delta-neutral trade is long KuCoin / short Extended at 35.4% net APR.
BTC funding rate by venue
258 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Extended | +11.4% | 1h |
| ApeX | +10.9% | 1h |
| Pacifica | +10.9% | 1h |
| EdgeX | +10.9% | 4h |
| BackPack | +10.9% | 1h |
| HyENA | +10.9% | 1h |
| OKX | +7.6% | 8h |
| Sodex | +6.0% | 1h |
| Paradex | +5.9% | 8h |
| Ethereal | +5.7% | 1h |
| Vest | +5.5% | 1h |
| Binance | +4.5% | 8h |
| MEXC | +4.5% | 8h |
| Variational | +4.5% | 8h |
| Bybit | +4.0% | 8h |
| Gate.io | +3.5% | 8h |
| Aster | +2.6% | 8h |
| 01 | +1.8% | 1h |
| Hyperliquid | +1.1% | 1h |
| GMTrade | +0.4% | 1h |
| Ostium | +0.0% | 1h |
| BingX | -0.5% | 8h |
| Bitget | -0.5% | 8h |
| dYdX | -1.2% | 1h |
| Nado | -3.2% | 24h |
| Risex | -3.4% | 1h |
| Lighter | -8.8% | 8h |
| KuCoin | -26.1% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
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BTC funding — FAQ
Is BTC funding positive right now?
BTC perpetual funding is positive on 20 of 28 venues Perpia tracks and negative on 7. The highest is +11.4% on Extended; the lowest is -26.1% on KuCoin.
What is the best BTC funding arbitrage right now?
Go long KuCoin and short Extended for about 35.4% 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-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.