FLY Funding Rate — live across 2 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized FLY perpetual funding across all 2 venues Perpia tracks. Right now FLY funding is positive on 2 and negative on 0, ranging from +1180.8% on Bybit to +137.0% on Bitget — a spread of 1043.8%. The widest delta-neutral trade is long Bitget / short Bybit at 1039.1% net APR.
FLY funding rate by venue
1 pairs scannedRates annualized; updated ~every few minutes from live venue data.
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FLY funding — FAQ
Is FLY funding positive right now?
FLY perpetual funding is positive on 2 of 2 venues Perpia tracks. The highest is +1180.8% on Bybit; the lowest is +137.0% on Bitget.
What is the best FLY funding arbitrage right now?
Go long Bitget and short Bybit for about 1039.1% net APR after fees — the widest delta-neutral FLY spread Perpia currently sees.
Which exchange has the highest FLY funding rate?
Bybit, at +1180.8% annualized. Funding shifts continuously, so check the live table above before trading.
How FLY 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.