CLO Funding Rate — live across 7 venues

Compared across 7 supported venues · net of estimated fees · updated every few minutes

Live annualized CLO perpetual funding across all 7 venues Perpia tracks. Right now CLO funding is positive on 7 and negative on 0, ranging from +193.4% on Bybit to +16.4% on MEXC — a spread of 177.0%. The widest delta-neutral trade is long Binance / short Bybit at 173.6% net APR.

venues

paying positive

177.0%

funding spread

Best CLO spread now

173.6%

net APR after fees

Long Binance→Short Bybit

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

CLO funding trend & liquidity

168h of history

176.9%

current gross APR

101.0%

24h average

32.7%

7-day average

$1.4M

pair OI · lower leg

$3.4M

24h 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.

CLO funding rate history

30d · 6h buckets · 6 venues

469%0-34.7%

5 Aug4 Sep

CLO — average across 6 venuesAsterBinanceKuCoinMEXC

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +70.2%. A break in a line means no data was recorded for that stretch, not a zero rate.

CLO funding rate by venue

18 pairs scanned

Venue	Funding APR	Interval
Bybit ↗	+193.4%	4h
BingX ↗	+186.8%	4h
Gate.io ↗	+134.9%	8h
Aster ↗	+112.6%	1h
KuCoin ↗	+32.2%	4h
Binance ↗	+16.5%	4h
MEXC ↗	+16.4%	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 Binance vs Bybit page.

CLO arbitrage — 30-day backtest

long Binance · short Bybit

0.2%

backtested APR

+$1

historical net P&L on $10,000

0.85%

max drawdown

$10,000$10,001

30 days agostarting capital $10,000today

Over the last 30 days, holding long Binance / short Bybit would have produced 0.2% APR — versus the 173.6% the live spread implies right now (equity $10,000 → $10,001). 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 →

Loading CLO backtest…

CLO funding — FAQ

Is CLO funding positive right now?

CLO perpetual funding is positive on 7 of 7 venues Perpia tracks. The highest is +193.4% on Bybit; the lowest is +16.4% on MEXC.

What is the best CLO funding arbitrage right now?

Go long Binance and short Bybit for about 173.6% net APR after fees — the widest delta-neutral CLO spread Perpia currently sees.

Which exchange has the highest CLO funding rate?

Bybit, at +193.4% annualized. Funding shifts continuously, so check the live table above before trading.

How CLO 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 CLO

Markets also quoted on both Binance and Bybit — the same two exchanges you would already have funded for the CLO trade.

See every spread between them on the Binance vs Bybit page.

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