FOGO Funding Rate — live across 10 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized FOGO perpetual funding across all 10 venues Perpia tracks. Right now FOGO funding is positive on 9 and negative on 1, ranging from +10.9% on OKX to -89.8% on BackPack — a spread of 100.7%. The widest delta-neutral trade is long BackPack / short OKX at 97.6% net APR.
FOGO funding rate by venue
16 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| OKX | +10.9% | 4h |
| Bybit | +10.9% | 4h |
| Gate.io | +10.9% | 4h |
| Hyperliquid | +10.9% | 1h |
| Bitget | +10.9% | 4h |
| KuCoin | +10.9% | 4h |
| BingX | +10.9% | 4h |
| MEXC | +5.5% | 8h |
| Binance | +5.5% | 8h |
| BackPack | -89.8% | 1h |
Rates annualized; updated ~every few minutes from live venue data.
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FOGO funding — FAQ
Is FOGO funding positive right now?
FOGO perpetual funding is positive on 9 of 10 venues Perpia tracks and negative on 1. The highest is +10.9% on OKX; the lowest is -89.8% on BackPack.
What is the best FOGO funding arbitrage right now?
Go long BackPack and short OKX for about 97.6% net APR after fees — the widest delta-neutral FOGO spread Perpia currently sees.
Which exchange has the highest FOGO funding rate?
OKX, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How FOGO 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.