CBRS Funding Rate — live across 11 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized CBRS perpetual funding across all 11 venues Perpia tracks. Right now CBRS funding is positive on 3 and negative on 6, ranging from +10.9% on Gate.io to -95.4% on trade.xyz — a spread of 106.4%. The widest delta-neutral trade is long trade.xyz / short Gate.io at 102.6% net APR.
CBRS funding rate by venue
43 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Gate.io | +10.9% | 8h |
| Vest | +5.0% | 1h |
| Lighter | +3.5% | 8h |
| OKX | +0.0% | 8h |
| Aster | +0.0% | 8h |
| Bitget | -37.7% | 8h |
| Bybit | -56.5% | 8h |
| Variational | -74.0% | 8h |
| KuCoin | -76.6% | 8h |
| Hyperliquid | -95.3% | 1h |
| trade.xyz | -95.4% | 1h |
Rates annualized; updated ~every few minutes from live venue data.
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CBRS funding — FAQ
Is CBRS funding positive right now?
CBRS perpetual funding is positive on 3 of 11 venues Perpia tracks and negative on 6. The highest is +10.9% on Gate.io; the lowest is -95.4% on trade.xyz.
What is the best CBRS funding arbitrage right now?
Go long trade.xyz and short Gate.io for about 102.6% net APR after fees — the widest delta-neutral CBRS spread Perpia currently sees.
Which exchange has the highest CBRS funding rate?
Gate.io, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How CBRS 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.