BTW Funding Rate — live across 8 venues

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

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 +99.4% on Bitget to +11.4% on Aster — a spread of 88.1%. The widest delta-neutral trade is long BingX / short Bitget at 84.3% net APR.

venues

paying positive

88.1%

funding spread

Best BTW spread now

84.3%

net APR after fees

Long BingX→Short Bitget

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

BTW funding trend & liquidity

168h of history

88.0%

current gross APR

2.4%

24h average

-9.2%

7-day average

$15.3M

pair OI · lower leg

$1.9M

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.

BTW funding rate history

30d · 6h buckets · 8 venues

428%0-31.7%

5 Aug4 Sep

BTW — average across 8 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: +84.8%. A break in a line means no data was recorded for that stretch, not a zero rate.

BTW funding rate by venue

22 pairs scanned

Venue	Funding APR	Interval
Bitget ↗	+99.4%	4h
MEXC ↗	+85.2%	4h
Binance ↗	+84.8%	4h
Gate.io ↗	+21.7%	4h
KuCoin ↗	+20.8%	4h
Bybit ↗	+15.6%	4h
BingX ↗	+11.4%	4h
Aster ↗	+11.4%	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 BingX vs Bitget page.

BTW arbitrage — 30-day backtest

long BingX · short Bitget

-6.8%

backtested APR

−$56

historical net P&L on $10,000

0.87%

max drawdown

$10,000$9,944

30 days agostarting capital $10,000today

Over the last 30 days, holding long BingX / short Bitget would have produced -6.8% APR — versus the 84.3% the live spread implies right now (equity $10,000 → $9,944). 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 →

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 +99.4% on Bitget; the lowest is +11.4% on Aster.

What is the best BTW funding arbitrage right now?

Go long BingX and short Bitget for about 84.3% net APR after fees — the widest delta-neutral BTW spread Perpia currently sees.

Which exchange has the highest BTW funding rate?

Bitget, at +99.4% annualized. Funding shifts continuously, so check the live table above before trading.

How BTW 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 BTW

Markets also quoted on both BingX and Bitget — the same two exchanges you would already have funded for the BTW trade.

See every spread between them on the BingX vs Bitget page.

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