BTR Funding Rate — live across 5 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized BTR perpetual funding across all 5 venues Perpia tracks. Right now BTR funding is positive on 5 and negative on 0, ranging from +71.9% on Bybit to +10.9% on KuCoin — a spread of 60.9%. The widest delta-neutral trade is long Gate.io / short Bybit at 57.2% net APR.
BTR funding rate by venue
6 pairs scannedRates annualized; updated ~every few minutes from live venue data.
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BTR funding — FAQ
Is BTR funding positive right now?
BTR perpetual funding is positive on 5 of 5 venues Perpia tracks. The highest is +71.9% on Bybit; the lowest is +10.9% on KuCoin.
What is the best BTR funding arbitrage right now?
Go long Gate.io and short Bybit for about 57.2% net APR after fees — the widest delta-neutral BTR spread Perpia currently sees.
Which exchange has the highest BTR funding rate?
Bybit, at +71.9% annualized. Funding shifts continuously, so check the live table above before trading.
How BTR 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.