EDGE Funding Rate — live across 11 venues

Compared across 11 supported venues · net of estimated fees · updated every few minutes

Live annualized EDGE perpetual funding across all 11 venues Perpia tracks. Right now EDGE funding is positive on 11 and negative on 0, ranging from +171.4% on BackPack to +10.5% on Lighter — a spread of 160.9%. The widest delta-neutral trade is long Lighter / short BackPack at 155.4% net APR.

venues

paying positive

160.9%

funding spread

Best EDGE spread now

155.4%

net APR after fees

Long Lighter→Short BackPack

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

EDGE funding trend & liquidity

168h of history

160.9%

current gross APR

61.9%

24h average

26.8%

7-day average

$29K

pair OI · lower leg

$218K

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.

EDGE funding rate history

30d · 6h buckets · 12 venues

241%0-152.4%

6 Aug5 Sep

EDGE — average across 12 venuesAsterBackPackExtendedBinance

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: +28.8%. A break in a line means no data was recorded for that stretch, not a zero rate.

EDGE funding rate by venue

42 pairs scanned

Venue	Funding APR	Interval
BackPack ↗	+171.4%	1h
OKX ↗	+85.7%	4h
Binance ↗	+75.7%	4h
MEXC ↗	+75.6%	4h
Extended ↗	+75.3%	1h
Aster ↗	+73.7%	1h
Bybit ↗	+15.8%	4h
Bitget ↗	+10.9%	4h
KuCoin ↗	+10.9%	4h
Variational ↗	+10.9%	4h
Lighter ↗	+10.5%	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 Lighter vs BackPack page.

EDGE arbitrage — 30-day backtest

long Lighter · short BackPack

18.7%

backtested APR

+$154

historical net P&L on $10,000

0.73%

max drawdown

$10,000$10,154

30 days agostarting capital $10,000today

Over the last 30 days, holding long Lighter / short BackPack would have produced 18.7% APR — versus the 155.4% the live spread implies right now (equity $10,000 → $10,154). 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 →

Loading EDGE backtest…

EDGE funding — FAQ

Is EDGE funding positive right now?

EDGE perpetual funding is positive on 11 of 11 venues Perpia tracks. The highest is +171.4% on BackPack; the lowest is +10.5% on Lighter.

What is the best EDGE funding arbitrage right now?

Go long Lighter and short BackPack for about 155.4% net APR after fees — the widest delta-neutral EDGE spread Perpia currently sees.

Which exchange has the highest EDGE funding rate?

BackPack, at +171.4% annualized. Funding shifts continuously, so check the live table above before trading.

How EDGE 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 EDGE

Markets also quoted on both BackPack and Lighter — the same two exchanges you would already have funded for the EDGE trade.

See every spread between them on the BackPack vs Lighter page.

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