COST Funding Rate — perpetuals across 8 venues
TradFi perpetual · compared across 8 venues · net of estimated fees · updated every few minutes
COST is an equity-linked perpetual referencing COST, traded on-chain (not a tokenized xStock). Perpia compares its annualized funding across venues and the best delta-neutral spread.
Live annualized COST perpetual funding across all 8 venues Perpia tracks. Right now COST funding is positive on 2 and negative on 1, ranging from +5.5% on Hyperliquid to -38.3% on KuCoin — a spread of 43.8%. The widest delta-neutral trade is long KuCoin / short Hyperliquid at 39.9% net APR.
COST 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.
COST funding rate by venue
15 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Hyperliquid↗ | +5.5% | 1h |
| trade.xyz↗ | +5.5% | 1h |
| Bitget↗ | +0.0% | 8h |
| Bybit↗ | +0.0% | 8h |
| Variational↗ | +0.0% | 8h |
| OKX↗ | +0.0% | 8h |
| Gate.io↗ | +0.0% | 8h |
| KuCoin↗ | -38.3% | 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 KuCoin vs Hyperliquid page.
Loading COST backtest…
COST funding — FAQ
Is COST funding positive right now?
COST perpetual funding is positive on 2 of 8 venues Perpia tracks and negative on 1. The highest is +5.5% on Hyperliquid; the lowest is -38.3% on KuCoin.
What is the best COST funding arbitrage right now?
Go long KuCoin and short Hyperliquid for about 39.9% net APR after fees — the widest delta-neutral COST spread Perpia currently sees.
Which exchange has the highest COST funding rate?
Hyperliquid, at +5.5% annualized. Funding shifts continuously, so check the live table above before trading.
How COST 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 COST
Markets also quoted on both Hyperliquid and KuCoin — the same two exchanges you would already have funded for the COST trade.
See every spread between them on the Hyperliquid vs KuCoin page.