NBIS Funding Rate — live across 11 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized NBIS perpetual funding across all 11 venues Perpia tracks. Right now NBIS funding is positive on 5 and negative on 2, ranging from +25.1% on trade.xyz to -70.6% on KuCoin — a spread of 95.7%. The widest delta-neutral trade is long KuCoin / short Hyperliquid at 92.1% net APR.
NBIS funding rate by venue
35 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| trade.xyz | +25.1% | 1h |
| Hyperliquid | +24.9% | 1h |
| Gate.io | +10.9% | 8h |
| Vest | +5.0% | 1h |
| Lighter | +3.5% | 8h |
| Variational | +0.0% | 8h |
| OKX | +0.0% | 8h |
| Bitget | +0.0% | 8h |
| Aster | +0.0% | 8h |
| Bybit | -15.4% | 8h |
| KuCoin | -70.6% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
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NBIS funding — FAQ
Is NBIS funding positive right now?
NBIS perpetual funding is positive on 5 of 11 venues Perpia tracks and negative on 2. The highest is +25.1% on trade.xyz; the lowest is -70.6% on KuCoin.
What is the best NBIS funding arbitrage right now?
Go long KuCoin and short Hyperliquid for about 92.1% net APR after fees — the widest delta-neutral NBIS spread Perpia currently sees.
Which exchange has the highest NBIS funding rate?
trade.xyz, at +25.1% annualized. Funding shifts continuously, so check the live table above before trading.
How NBIS 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.