MEGA Funding Rate — live across 13 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized MEGA perpetual funding across all 13 venues Perpia tracks. Right now MEGA funding is positive on 12 and negative on 1, ranging from +11.4% on Extended to -10.7% on Nado — a spread of 22.1%. The widest delta-neutral trade is long Nado / short Variational at 18.5% net APR.
MEGA funding rate by venue
29 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Extended | +11.4% | 1h |
| Variational | +10.9% | 4h |
| OKX | +10.9% | 4h |
| Bybit | +10.9% | 4h |
| Gate.io | +10.9% | 4h |
| Bitget | +10.9% | 4h |
| BackPack | +10.9% | 1h |
| Hyperliquid | +10.9% | 1h |
| KuCoin | +10.9% | 4h |
| BingX | +10.9% | 4h |
| MEXC | +5.5% | 8h |
| Binance | +5.5% | 8h |
| Nado | -10.7% | 24h |
Rates annualized; updated ~every few minutes from live venue data.
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MEGA funding — FAQ
Is MEGA funding positive right now?
MEGA perpetual funding is positive on 12 of 13 venues Perpia tracks and negative on 1. The highest is +11.4% on Extended; the lowest is -10.7% on Nado.
What is the best MEGA funding arbitrage right now?
Go long Nado and short Variational for about 18.5% net APR after fees — the widest delta-neutral MEGA spread Perpia currently sees.
Which exchange has the highest MEGA funding rate?
Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.
How MEGA 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 tracks whether a spread holds, so you filter instead of chasing the number.