DBR Funding Rate — live across 3 venues

Perpetual funding · compared across 3 venues · net of estimated fees · updated every few minutes

Live annualized DBR perpetual funding across all 3 venues Perpia tracks. Right now DBR funding is positive on 3 and negative on 0, ranging from +133.0% on Bybit to +102.2% on Variational — a spread of 30.8%. The widest delta-neutral trade is long Variational / short Bybit at 25.8% net APR.

3venues

3paying positive

30.8%funding spread

Best DBR spread now

25.8%

net APR after fees

LongVariational↗→ShortBybit↗

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

DBR funding trend & liquidity

168h of history

30.8%current gross APR

9.9%24h average

0.1%7-day average

$13Kpair OI · lower leg

$25K24h 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.

DBR · Variational → Bybit — no history

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Build a route

any two of the 3 venues

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

Gross spread+30.8%+$8.45 / 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 · 3 venues

Venue	Funding APR ↓	Interval
Bybit↗short	+133.0%	every 4h
MEXC↗	+126.8%	every 4h
Variational↗long	+102.2%	every 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 Variational vs Bybit page. 2 pairs scanned for DBR.

DBR arbitrage — 30-day backtest

long Variational · short Bybit

-2.0%backtested APR

−$17historical net P&L on $10,000

0.20%max drawdown

$10,000$9,983

30 days agostarting capital $10,000today

Over the last 30 days, holding long Variational / short Bybit would have produced -2.0% APR — versus the 25.8% the live spread implies right now (equity $10,000 → $9,983). 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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DBR — FAQ

Is DBR funding positive right now?

DBR perpetual funding is positive on 3 of 3 venues Perpia tracks. The highest is +133.0% on Bybit; the lowest is +102.2% on Variational.

What is the best DBR funding arbitrage right now?

Go long Variational and short Bybit for about 25.8% net APR after fees — the widest delta-neutral DBR spread Perpia currently sees.

Which exchange has the highest DBR funding rate?

Bybit, at +133.0% annualized. Funding shifts continuously, so check the live table above before trading.

How DBR 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 DBR

also quoted on both Bybit and Variational

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

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