ETH Funding Rate — live across 28 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized ETH perpetual funding across all 28 venues Perpia tracks. Right now ETH funding is positive on 21 and negative on 4, ranging from +10.9% on Hyperliquid to -3.9% on BingX — a spread of 14.9%. The widest delta-neutral trade is long OKX / short Hyperliquid at 13.4% net APR.
ETH funding rate by venue
240 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Hyperliquid | +10.9% | 1h |
| EdgeX | +10.9% | 4h |
| BackPack | +10.9% | 1h |
| Pacifica | +10.9% | 1h |
| Nado | +10.9% | 24h |
| HyENA | +10.6% | 1h |
| Lighter | +10.5% | 8h |
| Paradex | +10.4% | 8h |
| Sodex | +7.9% | 1h |
| Extended | +7.0% | 1h |
| ApeX | +6.8% | 1h |
| KuCoin | +6.1% | 8h |
| Bitget | +4.9% | 8h |
| Gate.io | +3.1% | 8h |
| Bybit | +1.7% | 8h |
| Risex | +1.7% | 1h |
| Variational | +0.9% | 8h |
| Binance | +0.6% | 8h |
| MEXC | +0.5% | 8h |
| Aster | +0.4% | 8h |
| GMTrade | +0.1% | 1h |
| 01 | +0.0% | 1h |
| dYdX | +0.0% | 1h |
| Ostium | +0.0% | 1h |
| Vest | -1.5% | 1h |
| Ethereal | -2.5% | 1h |
| OKX | -3.9% | 8h |
| BingX | -3.9% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
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ETH funding — FAQ
Is ETH funding positive right now?
ETH perpetual funding is positive on 21 of 28 venues Perpia tracks and negative on 4. The highest is +10.9% on Hyperliquid; the lowest is -3.9% on BingX.
What is the best ETH funding arbitrage right now?
Go long OKX and short Hyperliquid for about 13.4% net APR after fees — the widest delta-neutral ETH spread Perpia currently sees.
Which exchange has the highest ETH funding rate?
Hyperliquid, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How ETH 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.