CATE Funding Rate — live across 4 venues

Perpetual funding · compared across 4 venues · net of estimated fees · updated every few minutes

Live annualized CATE perpetual funding across all 4 venues Perpia tracks. Right now CATE funding is positive on 4 and negative on 0, ranging from +565.0% on Aster to +10.9% on Gate.io — a spread of 554.1%. The widest delta-neutral trade is long BingX / short Aster at 522.8% net APR.

4venues

4paying positive

554.1%funding spread

Best CATE spread now

522.8%

net APR after fees

LongBingX↗→ShortAster↗

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

CATE funding trend & liquidity

168h of history

546.4%current gross APR

265.6%24h average

79.4%7-day average

$383Kpair OI · lower leg

$451K24h 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.

CATE · BingX → Aster — no history

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Build a route

any two of the 4 venues

Long (pays you)every 4hShort (you collect)every 1h

Gross spread+546.4%+$149.70 / day on $10,000

Widest routes

This route is 8 pp below the widest one right now (Gate.io → Aster). 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 · 4 venues

Venue	Funding APR ↓	Interval
Aster↗short	+565.0%	every 1h
MEXC↗	+26.5%	every 4h
BingX↗long	+18.6%	every 4h
Gate.io↗	+10.9%	every 4h

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 Aster page. 3 pairs scanned for CATE.

CATE arbitrage — 30-day backtest

long BingX · short Aster

41.0%backtested APR

+$337historical net P&L on $10,000

1.78%max drawdown

$10,000$10,337

30 days agostarting capital $10,000today

Over the last 30 days, holding long BingX / short Aster would have produced 41.0% APR — versus the 522.8% the live spread implies right now (equity $10,000 → $10,337). 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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CATE — FAQ

Is CATE funding positive right now?

CATE perpetual funding is positive on 4 of 4 venues Perpia tracks. The highest is +565.0% on Aster; the lowest is +10.9% on Gate.io.

What is the best CATE funding arbitrage right now?

Go long BingX and short Aster for about 522.8% net APR after fees — the widest delta-neutral CATE spread Perpia currently sees.

Which exchange has the highest CATE funding rate?

Aster, at +565.0% annualized. Funding shifts continuously, so check the live table above before trading.

How CATE 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 CATE

also quoted on both Aster and BingX

The same two exchanges you would already have funded for the CATE trade. Every spread between them is on the Aster vs BingX page.

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