CYS Funding Rate — live across 8 venues
Compared across 8 supported venues · net of estimated fees · updated every few minutes
Live annualized CYS perpetual funding across all 8 venues Perpia tracks. Right now CYS funding is positive on 2 and negative on 6, ranging from +10.9% on Gate.io to -210.7% on KuCoin — a spread of 221.6%. The widest delta-neutral trade is long KuCoin / short Gate.io at 217.3% 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.
CYS funding rate by venue
24 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Gate.io↗ | +10.9% | 4h |
| Aster↗ | +10.9% | 1h |
| BingX↗ | -55.4% | 4h |
| Bybit↗ | -64.8% | 4h |
| Bitget↗ | -119.4% | 4h |
| MEXC↗ | -197.5% | 4h |
| Binance↗ | -197.8% | 4h |
| KuCoin↗ | -210.7% | 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 KuCoin vs Gate.io page.
Loading CYS backtest…
CYS funding — FAQ
Is CYS funding positive right now?
CYS perpetual funding is positive on 2 of 8 venues Perpia tracks and negative on 6. The highest is +10.9% on Gate.io; the lowest is -210.7% on KuCoin.
What is the best CYS funding arbitrage right now?
Go long KuCoin and short Gate.io for about 217.3% net APR after fees — the widest delta-neutral CYS spread Perpia currently sees.
Which exchange has the highest CYS funding rate?
Gate.io, at +10.9% 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
Markets also quoted on both Gate.io and KuCoin — the same two exchanges you would already have funded for the CYS trade.
See every spread between them on the Gate.io vs KuCoin page.