ETHFI Funding Rate — live across 12 venues

Perpetual funding · compared across 12 venues · net of estimated fees · updated every few minutes

Live annualized ETHFI perpetual funding across all 12 venues Perpia tracks. Right now ETHFI funding is positive on 12 and negative on 0, ranging from +11.4% on Extended to +1.8% on BingX — a spread of 9.6%. The widest delta-neutral trade is long BingX / short MEXC at 7.0% net APR.

12venues

12paying positive

9.6%funding spread

Best ETHFI spread now

7.0%

net APR after fees

LongBingX↗→ShortMEXC↗

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

ETHFI funding trend & liquidity

168h of history

9.2%current gross APR

-1.1%24h average

4.6%7-day average

$7.3Mpair OI · lower leg

$5.3M24h 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.

ETHFI · BingX → MEXC — no history

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Build a route

any two of the 12 venues

Long (pays you)every 4hShort (you collect)every 4h

Gross spread+9.2%+$2.52 / day on $10,000

Widest routes

This 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 · 12 venues

Venue	Funding APR ↓	Interval
Extended↗	+11.4%	every 1h
MEXC↗short	+10.9%	every 4h
OKX↗	+10.9%	every 4h
Binance↗	+10.9%	every 4h
Bybit↗	+10.9%	every 4h
Variational↗	+10.9%	every 4h
Hyperliquid↗	+10.9%	every 1h
Gate.io↗	+10.9%	every 4h
KuCoin↗	+10.9%	every 4h
Aster↗	+10.9%	every 4h
Lighter↗	+10.5%	every 8h
BingX↗long	+1.8%	every 4h

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 BingX vs MEXC page. 11 pairs scanned for ETHFI.

ETHFI arbitrage — 30-day backtest

long BingX · short MEXC

3.0%backtested APR

+$25historical net P&L on $10,000

0.04%max drawdown

$10,000$10,025

30 days agostarting capital $10,000today

Over the last 30 days, holding long BingX / short MEXC would have produced 3.0% APR — versus the 7.0% the live spread implies right now (equity $10,000 → $10,025). 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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ETHFI — FAQ

Is ETHFI funding positive right now?

ETHFI perpetual funding is positive on 12 of 12 venues Perpia tracks. The highest is +11.4% on Extended; the lowest is +1.8% on BingX.

What is the best ETHFI funding arbitrage right now?

Go long BingX and short MEXC for about 7.0% net APR after fees — the widest delta-neutral ETHFI spread Perpia currently sees.

Which exchange has the highest ETHFI funding rate?

Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.

How ETHFI 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 ETHFI

also quoted on both BingX and MEXC

The same two exchanges you would already have funded for the ETHFI trade. Every spread between them is on the BingX vs MEXC page.

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