CORE Funding Rate — live across 5 venues

Perpetual funding · compared across 5 venues · net of estimated fees · updated every few minutes

Live annualized CORE perpetual funding across all 5 venues Perpia tracks. Right now CORE funding is positive on 3 and negative on 2, ranging from +10.9% on Gate.io to -52.0% on Bybit — a spread of 62.9%. The widest delta-neutral trade is long Bybit / short Gate.io at 57.7% net APR.

5venues

3paying positive

62.9%funding spread

Best CORE spread now

57.7%

net APR after fees

LongBybit↗→ShortGate.io↗

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

CORE funding trend & liquidity

168h of history

62.9%current gross APR

-0.3%24h average

6.1%7-day average

$167Kpair OI · lower leg

$122K24h 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.

CORE · Bybit → Gate.io — no history

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Build a route

any two of the 5 venues

Long (pays you)every 8hShort (you collect)every 8h

Gross spread+62.9%+$17.23 / day on $10,000

Widest routes

This is the widest route right now. 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 · 5 venues

Venue	Funding APR ↓	Interval
Gate.io↗short	+10.9%	every 8h
MEXC↗	+5.3%	every 8h
BingX↗	+4.9%	every 8h
below — these venues pay the longs: this is the leg you buy
OKX↗	−1.1%	every 8h
Bybit↗long	−52.0%	every 8h

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 Bybit vs Gate.io page. 7 pairs scanned for CORE.

CORE arbitrage — 30-day backtest

long Bybit · short Gate.io

10.0%backtested APR

+$82historical net P&L on $10,000

0.11%max drawdown

$10,000$10,082

30 days agostarting capital $10,000today

Over the last 30 days, holding long Bybit / short Gate.io would have produced 10.0% APR — versus the 57.7% the live spread implies right now (equity $10,000 → $10,082). 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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CORE — FAQ

Is CORE funding positive right now?

CORE perpetual funding is positive on 3 of 5 venues Perpia tracks and negative on 2. The highest is +10.9% on Gate.io; the lowest is -52.0% on Bybit.

What is the best CORE funding arbitrage right now?

Go long Bybit and short Gate.io for about 57.7% net APR after fees — the widest delta-neutral CORE spread Perpia currently sees.

Which exchange has the highest CORE funding rate?

Gate.io, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How CORE 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 CORE

also quoted on both Bybit and Gate.io

The same two exchanges you would already have funded for the CORE trade. Every spread between them is on the Bybit vs Gate.io page.

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