MINIMAX Funding Rate — live across 8 venues

Compared across 8 supported venues · net of estimated fees · updated every few minutes

Live annualized MINIMAX perpetual funding across all 8 venues Perpia tracks. Right now MINIMAX funding is positive on 4 and negative on 0, ranging from +74.1% on Hyperliquid to +0.0% on Aster — a spread of 74.1%. The widest delta-neutral trade is long Bitget / short Hyperliquid at 68.1% net APR.

8
venues
4
paying positive
74.1%
funding spread
Best MINIMAX spread now
68.1%
net APR after fees
Long BitgetShort Hyperliquid
size depends on live venue depth — see the real cap in the scanner

MINIMAX funding trend & liquidity

168h of history
74.1%
current gross APR
23.2%
24h average
28.8%
7-day average
$1.6M
pair OI · lower leg
$282K
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.

MINIMAX funding rate by venue

20 pairs scanned
VenueFunding APRInterval
Hyperliquid+74.1%1h
trade.xyz+71.5%1h
Gate.io+39.1%8h
KuCoin+10.9%8h
Bitget+0.0%8h
Bybit+0.0%8h
OKX+0.0%8h
Aster+0.0%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 Bitget vs Hyperliquid page.

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MINIMAX funding — FAQ

Is MINIMAX funding positive right now?

MINIMAX perpetual funding is positive on 4 of 8 venues Perpia tracks. The highest is +74.1% on Hyperliquid; the lowest is +0.0% on Aster.

What is the best MINIMAX funding arbitrage right now?

Go long Bitget and short Hyperliquid for about 68.1% net APR after fees — the widest delta-neutral MINIMAX spread Perpia currently sees.

Which exchange has the highest MINIMAX funding rate?

Hyperliquid, at +74.1% annualized. Funding shifts continuously, so check the live table above before trading.

How MINIMAX 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 MINIMAX

Markets also quoted on both Bitget and Hyperliquid — the same two exchanges you would already have funded for the MINIMAX trade.

See every spread between them on the Bitget vs Hyperliquid page.