LUNA2 Funding Rate — live across 2 venues

Perpetual funding · compared across 2 venues · net of estimated fees · updated every few minutes

Live annualized LUNA2 perpetual funding across all 2 venues Perpia tracks. Right now LUNA2 funding is positive on 2 and negative on 0, ranging from +25.3% on Binance to +10.9% on Bybit — a spread of 14.4%. The widest delta-neutral trade is long Bybit / short Binance at 11.4% net APR.

2venues

2paying positive

14.4%funding spread

Best LUNA2 spread now

11.4%

net APR after fees

LongBybit↗→ShortBinance↗

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

LUNA2 funding trend & liquidity

168h of history

14.4%current gross APR

5.0%24h average

13.4%7-day average

$1.0Mpair OI · lower leg

$1.0M24h 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.

LUNA2 · Bybit → Binance — no history

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Build a route

any two of the 2 venues

Long (pays you)every 8hShort (you collect)every 4h

Gross spread+14.4%+$3.93 / day on $10,000

Widest routes

This 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 · 2 venues

Venue	Funding APR ↓	Interval	Use as
Binance↗short	+25.3%	every 4h
Bybit↗long	+10.9%	every 8h

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 Bybit vs Binance page. 1 pairs scanned for LUNA2.

LUNA2 arbitrage — 30-day backtest

long Bybit · short Binance

5.5%backtested APR

+$45historical net P&L on $10,000

0.00%max drawdown

$10,000$10,045

30 days agostarting capital $10,000today

Over the last 30 days, holding long Bybit / short Binance would have produced 5.5% APR — versus the 11.4% the live spread implies right now (equity $10,000 → $10,045). 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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LUNA2 — FAQ

Is LUNA2 funding positive right now?

LUNA2 perpetual funding is positive on 2 of 2 venues Perpia tracks. The highest is +25.3% on Binance; the lowest is +10.9% on Bybit.

What is the best LUNA2 funding arbitrage right now?

Go long Bybit and short Binance for about 11.4% net APR after fees — the widest delta-neutral LUNA2 spread Perpia currently sees.

Which exchange has the highest LUNA2 funding rate?

Binance, at +25.3% annualized. Funding shifts continuously, so check the live table above before trading.

How LUNA2 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 LUNA2

also quoted on both Binance and Bybit

The same two exchanges you would already have funded for the LUNA2 trade. Every spread between them is on the Binance vs Bybit page.

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