NOW Funding Rate — live across 8 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized NOW perpetual funding across all 8 venues Perpia tracks. Right now NOW funding is positive on 5 and negative on 0, ranging from +17.8% on trade.xyz to +0.0% on Bybit — a spread of 17.8%. The widest delta-neutral trade is long Bitget / short trade.xyz at 14.0% net APR.
NOW funding rate by venue
15 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| trade.xyz | +17.8% | 1h |
| Hyperliquid | +17.7% | 1h |
| KuCoin | +10.9% | 8h |
| Gate.io | +10.9% | 8h |
| Lighter | +3.5% | 8h |
| Bitget | +0.0% | 8h |
| OKX | +0.0% | 8h |
| Bybit | +0.0% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
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NOW funding — FAQ
Is NOW funding positive right now?
NOW perpetual funding is positive on 5 of 8 venues Perpia tracks. The highest is +17.8% on trade.xyz; the lowest is +0.0% on Bybit.
What is the best NOW funding arbitrage right now?
Go long Bitget and short trade.xyz for about 14.0% net APR after fees — the widest delta-neutral NOW spread Perpia currently sees.
Which exchange has the highest NOW funding rate?
trade.xyz, at +17.8% annualized. Funding shifts continuously, so check the live table above before trading.
How NOW 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.