BTW Funding Rate — live across 8 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized BTW perpetual funding across all 8 venues Perpia tracks. Right now BTW funding is positive on 8 and negative on 0, ranging from +198.7% on Aster to +10.9% on KuCoin — a spread of 187.7%. The widest delta-neutral trade is long Gate.io / short Aster at 184.1% net APR.
BTW funding rate by venue
25 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Aster | +198.7% | 1h |
| Bybit | +187.5% | 4h |
| BingX | +181.3% | 4h |
| Bitget | +114.5% | 4h |
| Binance | +55.9% | 8h |
| MEXC | +55.8% | 8h |
| Gate.io | +10.9% | 4h |
| KuCoin | +10.9% | 4h |
Rates annualized; updated ~every few minutes from live venue data.
Loading BTW backtest…
BTW funding — FAQ
Is BTW funding positive right now?
BTW perpetual funding is positive on 8 of 8 venues Perpia tracks. The highest is +198.7% on Aster; the lowest is +10.9% on KuCoin.
What is the best BTW funding arbitrage right now?
Go long Gate.io and short Aster for about 184.1% net APR after fees — the widest delta-neutral BTW spread Perpia currently sees.
Which exchange has the highest BTW funding rate?
Aster, at +198.7% annualized. Funding shifts continuously, so check the live table above before trading.
How BTW 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.