IN Funding Rate — live across 7 venues

Compared across 7 supported venues · net of estimated fees · updated every few minutes

Live annualized IN perpetual funding across all 7 venues Perpia tracks. Right now IN funding is positive on 7 and negative on 0, ranging from +35.3% on BingX to +10.9% on KuCoin — a spread of 24.3%. The widest delta-neutral trade is long Gate.io / short Bybit at 19.9% net APR.

venues

paying positive

24.3%

funding spread

Best IN spread now

19.9%

net APR after fees

Long Gate.io→Short Bybit

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

IN funding trend & liquidity

168h of history

24.0%

current gross APR

21.8%

24h average

-9.7%

7-day average

$300K

pair OI · lower leg

$102K

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.

IN funding rate history

30d · 6h buckets · 8 venues

139%0-21.2%

2 Aug1 Sep

IN — average across 8 venuesAsterBinanceBitgetKuCoin

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: +22.8%. A break in a line means no data was recorded for that stretch, not a zero rate.

IN funding rate by venue

11 pairs scanned

Venue	Funding APR	Interval
BingX ↗	+35.3%	4h
Bybit ↗	+34.9%	4h
MEXC ↗	+27.6%	4h
Bitget ↗	+27.6%	4h
Binance ↗	+26.9%	4h
Gate.io ↗	+10.9%	4h
KuCoin ↗	+10.9%	4h

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 Gate.io vs Bybit page.

IN arbitrage — 30-day backtest

long Gate.io · short Bybit

-16.1%

backtested APR

−$132

historical net P&L on $10,000

1.42%

max drawdown

$10,000$9,868

30 days agostarting capital $10,000today

Over the last 30 days, holding long Gate.io / short Bybit would have produced -16.1% APR — versus the 19.9% the live spread implies right now (equity $10,000 → $9,868). 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 →

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IN funding — FAQ

Is IN funding positive right now?

IN perpetual funding is positive on 7 of 7 venues Perpia tracks. The highest is +35.3% on BingX; the lowest is +10.9% on KuCoin.

What is the best IN funding arbitrage right now?

Go long Gate.io and short Bybit for about 19.9% net APR after fees — the widest delta-neutral IN spread Perpia currently sees.

Which exchange has the highest IN funding rate?

BingX, at +35.3% annualized. Funding shifts continuously, so check the live table above before trading.

How IN 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 IN

Markets also quoted on both Bybit and Gate.io — the same two exchanges you would already have funded for the IN trade.

See every spread between them on the Bybit vs Gate.io page.

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