DKNG Funding Rate — live across 6 venues

Compared across 6 supported venues · net of estimated fees · updated every few minutes

Live annualized DKNG perpetual funding across all 6 venues Perpia tracks. Right now DKNG funding is positive on 2 and negative on 0, ranging from +10.9% on KuCoin to +0.0% on OKX — a spread of 10.9%. The widest delta-neutral trade is long Variational / short KuCoin at 6.6% net APR.

venues

paying positive

10.9%

funding spread

Best DKNG spread now

6.6%

net APR after fees

Long Variational→Short KuCoin

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

DKNG funding trend & liquidity

168h of history

10.9%

current gross APR

-38.8%

24h average

2.0%

7-day average

$31K

pair OI · lower leg

$17K

24h 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 funding rate history

30d · 6h buckets · 10 venues

122%0-114.2%

5 Aug4 Sep

DKNG — average across 10 venuesAsterBitgetKuCoinOKX

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +2.2%. A break in a line means no data was recorded for that stretch, not a zero rate.

DKNG funding rate by venue

6 pairs scanned

Venue	Funding APR	Interval
KuCoin ↗	+10.9%	8h
Hyperliquid ↗	+5.5%	1h
Variational ↗	+0.0%	8h
Bitget ↗	+0.0%	8h
Bybit ↗	+0.0%	8h
OKX ↗	+0.0%	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 KuCoin page.

DKNG arbitrage — 23-day backtest

long Variational · short KuCoin

5.4%

backtested APR

+$34

historical net P&L on $10,000

0.23%

max drawdown

$10,000$10,034

23 days agostarting capital $10,000today

Over the last 23 days, holding long Variational / short KuCoin would have produced 5.4% APR — versus the 6.6% the live spread implies right now (equity $10,000 → $10,034). 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 funding — FAQ

Is DKNG funding positive right now?

DKNG perpetual funding is positive on 2 of 6 venues Perpia tracks. The highest is +10.9% on KuCoin; the lowest is +0.0% on OKX.

What is the best DKNG funding arbitrage right now?

Go long Variational and short KuCoin for about 6.6% net APR after fees — the widest delta-neutral DKNG spread Perpia currently sees.

Which exchange has the highest DKNG funding rate?

KuCoin, at +10.9% 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

Markets also quoted on both KuCoin and Variational — the same two exchanges you would already have funded for the DKNG trade.

See every spread between them on the KuCoin vs Variational page.

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