CAT Funding Rate — live across 4 venues
Compared across 4 supported venues · net of estimated fees · updated every few minutes
Live annualized CAT perpetual funding across all 4 venues Perpia tracks. Right now CAT funding is positive on 2 and negative on 0, ranging from +98.8% on Variational to +0.0% on Ostium — a spread of 98.8%. The widest delta-neutral trade is long Bitget / short Variational at 94.6% net APR.
CAT funding trend & liquidity
168h of historyAverages 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.
CAT funding rate by venue
3 pairs scannedRates 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 Variational page.
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CAT funding — FAQ
Is CAT funding positive right now?
CAT perpetual funding is positive on 2 of 4 venues Perpia tracks. The highest is +98.8% on Variational; the lowest is +0.0% on Ostium.
What is the best CAT funding arbitrage right now?
Go long Bitget and short Variational for about 94.6% net APR after fees — the widest delta-neutral CAT spread Perpia currently sees.
Which exchange has the highest CAT funding rate?
Variational, at +98.8% annualized. Funding shifts continuously, so check the live table above before trading.
How CAT 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 CAT
Markets also quoted on both Bitget and Variational — the same two exchanges you would already have funded for the CAT trade.
See every spread between them on the Bitget vs Variational page.