MKR Funding Rate — live across 2 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized MKR perpetual funding across all 2 venues Perpia tracks. Right now MKR funding is positive on 1 and negative on 0, ranging from +10.9% on Aster to +0.0% on Hyperliquid — a spread of 10.9%. The widest delta-neutral trade is long Hyperliquid / short Aster at 6.9% net APR.
MKR funding rate by venue
1 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Aster | +10.9% | 8h |
| Hyperliquid | +0.0% | 1h |
Rates annualized; updated ~every few minutes from live venue data.
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MKR funding — FAQ
Is MKR funding positive right now?
MKR perpetual funding is positive on 1 of 2 venues Perpia tracks. The highest is +10.9% on Aster; the lowest is +0.0% on Hyperliquid.
What is the best MKR funding arbitrage right now?
Go long Hyperliquid and short Aster for about 6.9% net APR after fees — the widest delta-neutral MKR spread Perpia currently sees.
Which exchange has the highest MKR funding rate?
Aster, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How MKR 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.