ON Funding Rate — live across 4 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized ON perpetual funding across all 4 venues Perpia tracks. Right now ON funding is positive on 2 and negative on 2, ranging from +17.0% on Aster to -147.2% on Bybit — a spread of 164.3%. The widest delta-neutral trade is long Bybit / short OKX at 124.3% net APR.
ON funding rate by venue
2 pairs scannedRates annualized; updated ~every few minutes from live venue data.
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ON funding — FAQ
Is ON funding positive right now?
ON perpetual funding is positive on 2 of 4 venues Perpia tracks and negative on 2. The highest is +17.0% on Aster; the lowest is -147.2% on Bybit.
What is the best ON funding arbitrage right now?
Go long Bybit and short OKX for about 124.3% net APR after fees — the widest delta-neutral ON spread Perpia currently sees.
Which exchange has the highest ON funding rate?
Aster, at +17.0% annualized. Funding shifts continuously, so check the live table above before trading.
How ON 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.