ESP Funding Rate — live across 8 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized ESP perpetual funding across all 8 venues Perpia tracks. Right now ESP funding is positive on 2 and negative on 6, ranging from +7.1% on Bybit to -79.3% on KuCoin — a spread of 86.4%. The widest delta-neutral trade is long KuCoin / short Bybit at 82.9% net APR.
ESP funding rate by venue
20 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Bybit | +7.1% | 4h |
| OKX | +0.5% | 4h |
| Bitget | -1.8% | 4h |
| MEXC | -4.8% | 8h |
| Binance | -5.4% | 8h |
| BingX | -7.2% | 4h |
| Gate.io | -35.5% | 8h |
| KuCoin | -79.3% | 4h |
Rates annualized; updated ~every few minutes from live venue data.
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ESP funding — FAQ
Is ESP funding positive right now?
ESP perpetual funding is positive on 2 of 8 venues Perpia tracks and negative on 6. The highest is +7.1% on Bybit; the lowest is -79.3% on KuCoin.
What is the best ESP funding arbitrage right now?
Go long KuCoin and short Bybit for about 82.9% net APR after fees — the widest delta-neutral ESP spread Perpia currently sees.
Which exchange has the highest ESP funding rate?
Bybit, at +7.1% annualized. Funding shifts continuously, so check the live table above before trading.
How ESP funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.