FLEX Funding Rate — live across 2 venues

Compared across 2 supported venues · net of estimated fees · updated every few minutes

Live annualized FLEX perpetual funding across all 2 venues Perpia tracks. Right now FLEX funding is positive on 1 and negative on 1, ranging from +10.9% on Gate.io to -45.5% on Bybit — a spread of 56.4%. The widest delta-neutral trade is long Bybit / short Gate.io at 44.5% net APR.

venues

paying positive

56.4%

funding spread

Best FLEX spread now

44.5%

net APR after fees

Long Bybit→Short Gate.io

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

FLEX funding trend & liquidity

169h of history

56.4%

current gross APR

-1.2%

24h average

8.5%

7-day average

$28K

pair OI · lower leg

$89K

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.

FLEX funding rate by venue

1 pairs scanned

Venue	Funding APR	Interval
Gate.io	+10.9%	8h
Bybit	-45.5%	8h

Rates annualized; updated ~every few minutes from live venue data.

FLEX arbitrage — 21-day backtest

long Bybit · short Gate.io

10.1%

backtested APR

+$57

historical net P&L on $10,000

0.16%

max drawdown

$10,000$10,057

21 days agostarting capital $10,000today

Over the last 21 days, holding long Bybit / short Gate.io would have produced 10.1% APR — versus the 44.5% the live spread implies right now (equity $10,000 → $10,057). 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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FLEX funding — FAQ

Is FLEX funding positive right now?

FLEX perpetual funding is positive on 1 of 2 venues Perpia tracks and negative on 1. The highest is +10.9% on Gate.io; the lowest is -45.5% on Bybit.

What is the best FLEX funding arbitrage right now?

Go long Bybit and short Gate.io for about 44.5% net APR after fees — the widest delta-neutral FLEX spread Perpia currently sees.

Which exchange has the highest FLEX funding rate?

Gate.io, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How FLEX 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.

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