EURUSD Funding Rate — perpetuals across 4 venues

TradFi perpetual · compared across 4 venues · net of estimated fees · updated every few minutes

EURUSD is an equity-linked perpetual referencing EURUSD, traded on-chain (not a tokenized xStock). Perpia compares its annualized funding across venues and the best delta-neutral spread.

Live annualized EURUSD perpetual funding across all 4 venues Perpia tracks. Right now EURUSD funding is positive on 1 and negative on 1, ranging from +8.9% on Bybit to -17.6% on Bitget — a spread of 26.5%. The widest delta-neutral trade is long Bitget / short Bybit at 23.1% net APR.

4venues

1paying positive

26.5%funding spread

Best EURUSD spread now

23.1%

net APR after fees

LongBitget↗→ShortBybit↗

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

EURUSD funding trend & liquidity

168h of history

26.5%current gross APR

5.1%24h average

6.3%7-day average

$360Kpair OI · lower leg

$68K24h 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.

EURUSD · Bitget → Bybit — no history

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Build a route

any two of the 4 venues

Long (pays you)every 8hShort (you collect)every 8h

Gross spread+26.5%+$7.26 / 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 · 4 venues

Venue	Funding APR ↓	Interval
Bybit↗short	+8.9%	every 8h
Lighter↗	+0.0%	every 8h
Gate.io↗	+0.0%	every 8h
below — these venues pay the longs: this is the leg you buy
Bitget↗long	−17.6%	every 8h

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 Bitget vs Bybit page. 5 pairs scanned for EURUSD.

EURUSD arbitrage — 30-day backtest

long Bitget · short Bybit

0.4%backtested APR

+$3historical net P&L on $10,000

0.18%max drawdown

$10,000$10,003

30 days agostarting capital $10,000today

Over the last 30 days, holding long Bitget / short Bybit would have produced 0.4% APR — versus the 23.1% the live spread implies right now (equity $10,000 → $10,003). 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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EURUSD — FAQ

Is EURUSD funding positive right now?

EURUSD perpetual funding is positive on 1 of 4 venues Perpia tracks and negative on 1. The highest is +8.9% on Bybit; the lowest is -17.6% on Bitget.

What is the best EURUSD funding arbitrage right now?

Go long Bitget and short Bybit for about 23.1% net APR after fees — the widest delta-neutral EURUSD spread Perpia currently sees.

Which exchange has the highest EURUSD funding rate?

Bybit, at +8.9% annualized. Funding shifts continuously, so check the live table above before trading.

How EURUSD 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 EURUSD

also quoted on both Bitget and Bybit

The same two exchanges you would already have funded for the EURUSD trade. Every spread between them is on the Bitget vs Bybit page.

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