ETHFI Funding Rate — live across 13 venues

Compared across 13 supported venues · net of estimated fees · updated every few minutes

Live annualized ETHFI perpetual funding across all 13 venues Perpia tracks. Right now ETHFI funding is positive on 9 and negative on 4, ranging from +11.4% on Extended to -16.9% on BingX — a spread of 28.3%. The widest delta-neutral trade is long BingX / short Extended at 25.9% net APR.

venues

paying positive

28.3%

funding spread

Best ETHFI spread now

25.9%

net APR after fees

Long BingX→Short Extended

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

ETHFI funding trend & liquidity

168h of history

28.3%

current gross APR

16.8%

24h average

6.5%

7-day average

$72K

pair OI · lower leg

$325K

24h 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 funding rate history

30d · 6h buckets · 12 venues

103%0-50.5%

6 Aug5 Sep

ETHFI — average across 12 venuesAsterExtendedHyperliquidBinance

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +8.3%. A break in a line means no data was recorded for that stretch, not a zero rate.

ETHFI funding rate by venue

36 pairs scanned

Venue	Funding APR	Interval
Extended ↗	+11.4%	1h
MEXC ↗	+10.9%	4h
Binance ↗	+10.9%	4h
OKX ↗	+10.9%	4h
Bitget ↗	+10.9%	4h
Gate.io ↗	+10.9%	4h
KuCoin ↗	+10.9%	4h
Hyperliquid ↗	+10.9%	1h
Lighter ↗	+10.5%	8h
Variational ↗	-7.7%	4h
Aster ↗	-13.1%	1h
Bybit ↗	-14.8%	4h
BingX ↗	-16.9%	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 Extended page.

ETHFI arbitrage — 30-day backtest

long BingX · short Extended

6.2%

backtested APR

+$51

historical net P&L on $10,000

0.02%

max drawdown

$10,000$10,051

30 days agostarting capital $10,000today

Over the last 30 days, holding long BingX / short Extended would have produced 6.2% APR — versus the 25.9% the live spread implies right now (equity $10,000 → $10,051). 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 →

Loading ETHFI backtest…

ETHFI funding — FAQ

Is ETHFI funding positive right now?

ETHFI perpetual funding is positive on 9 of 13 venues Perpia tracks and negative on 4. The highest is +11.4% on Extended; the lowest is -16.9% on BingX.

What is the best ETHFI funding arbitrage right now?

Go long BingX and short Extended for about 25.9% 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

Markets also quoted on both BingX and Extended — the same two exchanges you would already have funded for the ETHFI trade.

See every spread between them on the BingX vs Extended page.

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