CTR Funding Rate — live across 7 venues

Perpetual funding · compared across 7 venues · net of estimated fees · updated every few minutes

Live annualized CTR perpetual funding across all 7 venues Perpia tracks. Right now CTR funding is positive on 6 and negative on 1, ranging from +10.9% on KuCoin to -66.6% on Lighter — a spread of 77.5%. The widest delta-neutral trade is long Lighter / short KuCoin at 68.3% net APR.

7venues

6paying positive

77.5%funding spread

Best CTR spread now

68.3%

net APR after fees

LongLighter↗→ShortKuCoin↗

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

CTR funding trend & liquidity

77.5%current gross APR

—24h average

—7-day average

$15Kpair OI · lower leg

$45K24h 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.

CTR · Lighter → KuCoin — no history

Loading CTR rate history…

Build a route

any two of the 7 venues

Long (pays you)every 8hShort (you collect)every 4h

Gross spread+77.5%+$21.24 / 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 · 7 venues

Venue	Funding APR ↓	Interval
KuCoin↗short	+10.9%	every 4h
Bybit↗	+10.9%	every 4h
Bitget↗	+10.9%	every 4h
Aster↗	+10.9%	every 4h
Binance↗	+6.8%	every 4h
MEXC↗	+6.8%	every 4h
below — these venues pay the longs: this is the leg you buy
Lighter↗long	−66.6%	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 Lighter vs KuCoin page. 6 pairs scanned for CTR.

CTR arbitrage — 30-day backtest

long Lighter · short KuCoin

5.7%backtested APR

+$46historical net P&L on $10,000

0.02%max drawdown

$10,000$10,046

30 days agostarting capital $10,000today

Over the last 30 days, holding long Lighter / short KuCoin would have produced 5.7% APR — versus the 68.3% the live spread implies right now (equity $10,000 → $10,046). 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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CTR — FAQ

Is CTR funding positive right now?

CTR perpetual funding is positive on 6 of 7 venues Perpia tracks and negative on 1. The highest is +10.9% on KuCoin; the lowest is -66.6% on Lighter.

What is the best CTR funding arbitrage right now?

Go long Lighter and short KuCoin for about 68.3% net APR after fees — the widest delta-neutral CTR spread Perpia currently sees.

Which exchange has the highest CTR funding rate?

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

How CTR 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 CTR

also quoted on both KuCoin and Lighter

The same two exchanges you would already have funded for the CTR trade. Every spread between them is on the KuCoin vs Lighter page.

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