HEI Funding Rate — live across 7 venues
Perpetual funding · compared across 7 venues · net of estimated fees · updated every few minutesLive annualized HEI perpetual funding across all 7 venues Perpia tracks. Right now HEI funding is positive on 6 and negative on 1, ranging from +10.9% on Binance to -214.6% on Gate.io — a spread of 225.6%. The widest delta-neutral trade is long Gate.io / short Binance at 223.2% net APR.
HEI funding trend & liquidity
168h of historyAverages 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.
Loading HEI rate history…
Build a route
any two of the 7 venuesThis 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 · 7 venuesRates 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 Gate.io vs Binance page. 6 pairs scanned for HEI.
HEI arbitrage — 30-day backtest
long Gate.io · short BinanceOver the last 30 days, holding long Gate.io / short Binance would have produced -5.8% APR — versus the 223.2% the live spread implies right now (equity $10,000 → $9,952). 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 →HEI — FAQ
Is HEI funding positive right now?
HEI perpetual funding is positive on 6 of 7 venues Perpia tracks and negative on 1. The highest is +10.9% on Binance; the lowest is -214.6% on Gate.io.
What is the best HEI funding arbitrage right now?
Go long Gate.io and short Binance for about 223.2% net APR after fees — the widest delta-neutral HEI spread Perpia currently sees.
Which exchange has the highest HEI funding rate?
Binance, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How HEI 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 HEI
also quoted on both Binance and Gate.ioThe same two exchanges you would already have funded for the HEI trade. Every spread between them is on the Binance vs Gate.io page.