MCD Funding Rate — tokenized stock perpetuals across 2 venues
Tokenized stock (xStock) perpetual · net of fees · updated every few minutes
MCD is a tokenized stock (a Backed.fi xStock) traded as a perpetual future. Perpia compares its annualized funding across venues and the best delta-neutral spread — the perp, its funding and the underlying share are three different things, so read the rate together with liquidity and the backtest below.
Live annualized MCD perpetual funding across all 2 venues Perpia tracks. Right now MCD funding is positive on 1 and negative on 0, ranging from +10.9% on KuCoin to +0.0% on Bitget — a spread of 10.9%. The widest delta-neutral trade is long Bitget / short KuCoin at 2.2% net APR.
MCD funding trend & liquidity
168h of historyAverages are realized funding over the window shown. When the current rate sits near the 7-day average the spread is persistent; a current rate far above it is usually a short-lived spike.
MCD funding rate by venue
1 pairs scannedRates annualized; updated ~every few minutes from live venue data.
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MCD funding — FAQ
Is MCD funding positive right now?
MCD perpetual funding is positive on 1 of 2 venues Perpia tracks. The highest is +10.9% on KuCoin; the lowest is +0.0% on Bitget.
What is the best MCD funding arbitrage right now?
Go long Bitget and short KuCoin for about 2.2% net APR after fees — the widest delta-neutral MCD spread Perpia currently sees.
Which exchange has the highest MCD funding rate?
KuCoin, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How MCD funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and the realized backtest, so you filter instead of chasing the headline number.
Related tokenized stocks
See the full list on the tokenized stocks hub.