HOT Funding Rate — live across 4 venues
Compared across 4 supported venues · net of estimated fees · updated every few minutes
Live annualized HOT perpetual funding across all 4 venues Perpia tracks. Right now HOT funding is positive on 0 and negative on 4, ranging from -74.6% on Bitget to -135.8% on KuCoin — a spread of 61.2%. The widest delta-neutral trade is long KuCoin / short Bitget at 53.3% net APR.
HOT 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.
HOT funding rate by venue
4 pairs scannedRates annualized; updated ~every few minutes from live venue data.
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HOT funding — FAQ
Is HOT funding positive right now?
HOT perpetual funding is positive on 0 of 4 venues Perpia tracks and negative on 4. The highest is -74.6% on Bitget; the lowest is -135.8% on KuCoin.
What is the best HOT funding arbitrage right now?
Go long KuCoin and short Bitget for about 53.3% net APR after fees — the widest delta-neutral HOT spread Perpia currently sees.
Which exchange has the highest HOT funding rate?
Bitget, at -74.6% annualized. Funding shifts continuously, so check the live table above before trading.
How HOT 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.