ETH Funding Rate — live across 28 venues
Perpetual funding · compared across 28 venues · net of estimated fees · updated every few minutesLive annualized ETH perpetual funding across all 28 venues Perpia tracks. Right now ETH funding is positive on 22 and negative on 5, ranging from +17.5% on 01 to -31.4% on Vest — a spread of 49.0%. The widest delta-neutral trade is long Vest / short 01 at 47.7% net APR.
ETH funding trend & liquidity
168h of historyAverages 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.
Loading ETH rate history…
Build a route
any two of the 28 venuesThis 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 · 28 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| 01↗short | +17.5% | every 1h | |
| Nado↗ | +10.9% | every 24h | |
| Ondo Perps | +10.9% | every 1h | |
| Hyperliquid↗ | +10.9% | every 1h | |
| Arcus↗ | +10.9% | every 1h | |
| BackPack↗ | +10.9% | every 1h | |
| Pacifica↗ | +10.9% | every 1h | |
| Variational↗ | +10.6% | every 8h | |
| Aster↗ | +9.9% | every 8h | |
| Paradex↗ | +8.0% | every 8h | |
| Binance↗ | +7.7% | every 8h | |
| MEXC↗ | +7.7% | every 8h | |
| BingX↗ | +7.7% | every 8h | |
| KuCoin↗ | +6.8% | every 8h | |
| OKX↗ | +5.8% | every 8h | |
| Sodex↗ | +5.5% | every 1h | |
| Lighter↗ | +5.3% | every 8h | |
| HTX↗ | +5.2% | every 8h | |
| Bitget↗ | +3.6% | every 8h | |
| Bybit↗ | +3.0% | every 8h | |
| Gate.io↗ | +1.5% | every 8h | |
| GMTrade↗ | +0.4% | every 1h | |
| Ostium↗ | +0.0% | every 1h | |
| below — these venues pay the longs: this is the leg you buy | |||
| Extended↗ | −0.9% | every 1h | |
| dYdX↗ | −1.1% | every 1h | |
| Risex↗ | −3.5% | every 1h | |
| ApeX↗ | −27.8% | every 1h | |
| Vest↗long | −31.4% | every 1h | |
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 Vest vs 01 page. 235 pairs scanned for ETH.
ETH arbitrage — 30-day backtest
long Vest · short 01Over the last 30 days, holding long Vest / short 01 would have produced 2.0% APR — versus the 47.7% the live spread implies right now (equity $10,000 → $10,017). 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 →ETH — FAQ
Is ETH funding positive right now?
ETH perpetual funding is positive on 22 of 28 venues Perpia tracks and negative on 5. The highest is +17.5% on 01; the lowest is -31.4% on Vest.
What is the best ETH funding arbitrage right now?
Go long Vest and short 01 for about 47.7% net APR after fees — the widest delta-neutral ETH spread Perpia currently sees.
Which exchange has the highest ETH funding rate?
01, at +17.5% annualized. Funding shifts continuously, so check the live table above before trading.
How ETH 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 ETH
also quoted on both 01 and VestThe same two exchanges you would already have funded for the ETH trade. Every spread between them is on the 01 vs Vest page.