CYS Funding Rate — live across 7 venues
Perpetual funding · compared across 7 venues · net of estimated fees · updated every few minutesLive annualized CYS perpetual funding across all 7 venues Perpia tracks. Right now CYS funding is positive on 7 and negative on 0, ranging from +263.7% on Gate.io to +10.9% on BingX — a spread of 252.7%. The widest delta-neutral trade is long MEXC / short Gate.io at 249.2% net APR.
CYS 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.
Loading CYS rate history…
Build a route
any two of the 7 venuesThis 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 venuesRates 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 MEXC vs Gate.io page. 6 pairs scanned for CYS.
CYS arbitrage — 30-day backtest
long MEXC · short Gate.ioOver the last 30 days, holding long MEXC / short Gate.io would have produced 17.8% APR — versus the 249.2% the live spread implies right now (equity $10,000 → $10,146). 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 →CYS — FAQ
Is CYS funding positive right now?
CYS perpetual funding is positive on 7 of 7 venues Perpia tracks. The highest is +263.7% on Gate.io; the lowest is +10.9% on BingX.
What is the best CYS funding arbitrage right now?
Go long MEXC and short Gate.io for about 249.2% net APR after fees — the widest delta-neutral CYS spread Perpia currently sees.
Which exchange has the highest CYS funding rate?
Gate.io, at +263.7% annualized. Funding shifts continuously, so check the live table above before trading.
How CYS 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 CYS
also quoted on both Gate.io and MEXCThe same two exchanges you would already have funded for the CYS trade. Every spread between them is on the Gate.io vs MEXC page.