ETHFI Funding Rate — live across 12 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized ETHFI perpetual funding across all 12 venues Perpia tracks. Right now ETHFI funding is positive on 11 and negative on 1, ranging from +10.9% on OKX to -3.1% on Gate.io — a spread of 14.0%. The widest delta-neutral trade is long Gate.io / short OKX at 10.5% net APR.
ETHFI funding rate by venue
29 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| OKX | +10.9% | 4h |
| Bybit | +10.9% | 4h |
| Bitget | +10.9% | 4h |
| KuCoin | +10.9% | 4h |
| Variational | +10.9% | 4h |
| Aster | +10.9% | 1h |
| Hyperliquid | +10.9% | 1h |
| BingX | +10.9% | 4h |
| Lighter | +10.5% | 8h |
| MEXC | +5.5% | 8h |
| Binance | +5.5% | 8h |
| Gate.io | -3.1% | 4h |
Rates annualized; updated ~every few minutes from live venue data.
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ETHFI funding — FAQ
Is ETHFI funding positive right now?
ETHFI perpetual funding is positive on 11 of 12 venues Perpia tracks and negative on 1. The highest is +10.9% on OKX; the lowest is -3.1% on Gate.io.
What is the best ETHFI funding arbitrage right now?
Go long Gate.io and short OKX for about 10.5% net APR after fees — the widest delta-neutral ETHFI spread Perpia currently sees.
Which exchange has the highest ETHFI funding rate?
OKX, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How ETHFI 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.