HKD Funding Rate — live across 2 venues

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

Live annualized HKD perpetual funding across all 2 venues Perpia tracks. Right now HKD funding is positive on 1 and negative on 0, ranging from +10.9% on Aster to +0.0% on Ostium — a spread of 10.9%. The widest delta-neutral trade is long Ostium / short Aster at 4.6% net APR.

venues

paying positive

10.9%

funding spread

Best HKD spread now

4.6%

net APR after fees

Long Ostium→Short Aster

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

HKD funding trend & liquidity

169h of history

10.9%

current gross APR

10.9%

24h average

10.9%

7-day average

—

pair OI · lower leg

—

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.

HKD funding rate history

30d · 6h buckets · 2 venues

11.8%0-0.9%

3 Aug2 Sep

HKD — average across 2 venuesAsterOstium

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +5.5%. A break in a line means no data was recorded for that stretch, not a zero rate.

HKD funding rate by venue

1 pairs scanned

Venue	Funding APR	Interval
Aster ↗	+10.9%	8h
Ostium ↗	+0.0%	1h

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 Ostium vs Aster page.

HKD arbitrage — 30-day backtest

long Ostium · short Aster

10.9%

backtested APR

+$90

historical net P&L on $10,000

0.00%

max drawdown

$10,000$10,090

30 days agostarting capital $10,000today

Over the last 30 days, holding long Ostium / short Aster would have produced 10.9% APR — versus the 4.6% the live spread implies right now (equity $10,000 → $10,090). 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 →

Loading HKD backtest…

HKD funding — FAQ

Is HKD funding positive right now?

HKD perpetual funding is positive on 1 of 2 venues Perpia tracks. The highest is +10.9% on Aster; the lowest is +0.0% on Ostium.

What is the best HKD funding arbitrage right now?

Go long Ostium and short Aster for about 4.6% net APR after fees — the widest delta-neutral HKD spread Perpia currently sees.

Which exchange has the highest HKD funding rate?

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

How HKD 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 HKD

Markets also quoted on both Aster and Ostium — the same two exchanges you would already have funded for the HKD trade.

See every spread between them on the Aster vs Ostium page.

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