DKNG Funding Rate — live across 7 venues

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

Live annualized DKNG perpetual funding across all 7 venues Perpia tracks. Right now DKNG funding is positive on 4 and negative on 0, ranging from +34.5% on Bitget to +0.0% on Bybit — a spread of 34.5%. The widest delta-neutral trade is long Variational / short Bitget at 28.6% net APR.

7venues

4paying positive

34.5%funding spread

Best DKNG spread now

28.6%

net APR after fees

LongVariational↗→ShortBitget↗

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

DKNG funding trend & liquidity

167h of history

34.5%current gross APR

10.4%24h average

1.5%7-day average

$40Kpair OI · lower leg

$44K24h 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.

DKNG · Variational → Bitget — no history

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Build a route

any two of the 7 venues

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

Gross spread+34.5%+$9.45 / 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 · 7 venues

Venue	Funding APR ↓	Interval
Bitget↗short	+34.5%	every 8h
KuCoin↗	+24.7%	every 8h
Hyperliquid↗	+5.5%	every 1h
trade.xyz↗	+5.5%	every 1h
Variational↗long	+0.0%	every 8h
OKX↗	+0.0%	every 8h
Bybit↗	+0.0%	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 Variational vs Bitget page. 11 pairs scanned for DKNG.

DKNG arbitrage — 30-day backtest

long Variational · short Bitget

0.9%backtested APR

+$7historical net P&L on $10,000

0.09%max drawdown

$10,000$10,007

30 days agostarting capital $10,000today

Over the last 30 days, holding long Variational / short Bitget would have produced 0.9% APR — versus the 28.6% the live spread implies right now (equity $10,000 → $10,007). 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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DKNG — FAQ

Is DKNG funding positive right now?

DKNG perpetual funding is positive on 4 of 7 venues Perpia tracks. The highest is +34.5% on Bitget; the lowest is +0.0% on Bybit.

What is the best DKNG funding arbitrage right now?

Go long Variational and short Bitget for about 28.6% net APR after fees — the widest delta-neutral DKNG spread Perpia currently sees.

Which exchange has the highest DKNG funding rate?

Bitget, at +34.5% annualized. Funding shifts continuously, so check the live table above before trading.

How DKNG 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 DKNG

also quoted on both Bitget and Variational

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

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