CAP Funding Rate — live across 5 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized CAP perpetual funding across all 5 venues Perpia tracks. Right now CAP funding is positive on 5 and negative on 0, ranging from +10.9% on OKX to +5.5% on MEXC — a spread of 5.5%. The widest delta-neutral trade is long Binance / short OKX at 1.9% net APR.
CAP funding rate by venue
6 pairs scannedRates annualized; updated ~every few minutes from live venue data.
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CAP funding — FAQ
Is CAP funding positive right now?
CAP perpetual funding is positive on 5 of 5 venues Perpia tracks. The highest is +10.9% on OKX; the lowest is +5.5% on MEXC.
What is the best CAP funding arbitrage right now?
Go long Binance and short OKX for about 1.9% net APR after fees — the widest delta-neutral CAP spread Perpia currently sees.
Which exchange has the highest CAP funding rate?
OKX, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How CAP 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.