BX Funding Rate — live across 7 venues

Perpetual funding · compared across 7 venues · net of estimated fees · updated every few minutes

Live annualized BX perpetual funding across all 7 venues Perpia tracks. Right now BX funding is positive on 2 and negative on 0, ranging from +13.0% on Hyperliquid to +0.0% on OKX — a spread of 13.0%. The widest delta-neutral trade is long Bitget / short Hyperliquid at 8.7% net APR.

7venues

2paying positive

13.0%funding spread

Best BX spread now

8.7%

net APR after fees

LongBitget↗→ShortHyperliquid↗

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

BX funding trend & liquidity

168h of history

13.0%current gross APR

24.5%24h average

11.0%7-day average

$458Kpair OI · lower leg

$34K24h 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.

BX · Bitget → Hyperliquid — no history

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Build a route

any two of the 7 venues

Long (pays you)every 8hShort (you collect)every 1h

Gross spread+13.0%+$3.56 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 7 venues

Venue	Funding APR ↓	Interval
Hyperliquid↗short	+13.0%	every 1h
trade.xyz↗	+12.8%	every 1h
Bitget↗long	+0.0%	every 8h
KuCoin↗	+0.0%	every 8h
Bybit↗	+0.0%	every 8h
Variational↗	+0.0%	every 8h
OKX↗	+0.0%	every 8h

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 Bitget vs Hyperliquid page. 10 pairs scanned for BX.

BX arbitrage — 30-day backtest

long Bitget · short Hyperliquid

6.4%backtested APR

+$53historical net P&L on $10,000

0.15%max drawdown

$10,000$10,053

30 days agostarting capital $10,000today

Over the last 30 days, holding long Bitget / short Hyperliquid would have produced 6.4% APR — versus the 8.7% the live spread implies right now (equity $10,000 → $10,053). 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 →

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BX — FAQ

Is BX funding positive right now?

BX perpetual funding is positive on 2 of 7 venues Perpia tracks. The highest is +13.0% on Hyperliquid; the lowest is +0.0% on OKX.

What is the best BX funding arbitrage right now?

Go long Bitget and short Hyperliquid for about 8.7% net APR after fees — the widest delta-neutral BX spread Perpia currently sees.

Which exchange has the highest BX funding rate?

Hyperliquid, at +13.0% annualized. Funding shifts continuously, so check the live table above before trading.

How BX 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 BX

also quoted on both Bitget and Hyperliquid

The same two exchanges you would already have funded for the BX trade. Every spread between them is on the Bitget vs Hyperliquid page.

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