ONE Funding Rate — live across 7 venues

Compared across 7 supported venues · net of estimated fees · updated every few minutes

Live annualized ONE perpetual funding across all 7 venues Perpia tracks. Right now ONE funding is positive on 7 and negative on 0, ranging from +391.2% on KuCoin to +3.8% on BingX — a spread of 387.4%. The widest delta-neutral trade is long BingX / short KuCoin at 380.9% net APR.

venues

paying positive

387.4%

funding spread

Best ONE spread now

380.9%

net APR after fees

Long BingX→Short KuCoin

size depends on live venue depth — see the real cap in the scanner

ONE funding trend & liquidity

168h of history

387.4%

current gross APR

230.7%

24h average

42.3%

7-day average

$1.8M

pair OI · lower leg

$98K

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.

ONE funding rate history

30d · 6h buckets · 7 venues

580%0-580.0%

5 Aug4 Sep

ONE — average across 7 venuesBinanceBitgetKuCoinMEXC

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +6.7%. A break in a line means no data was recorded for that stretch, not a zero rate.

ONE funding rate by venue

18 pairs scanned

Venue	Funding APR	Interval
KuCoin ↗	+391.2%	8h
Bitget ↗	+260.7%	8h
Gate.io ↗	+157.0%	8h
OKX ↗	+10.9%	4h
MEXC ↗	+5.5%	8h
Binance ↗	+5.5%	8h
BingX ↗	+3.8%	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 BingX vs KuCoin page.

ONE arbitrage — 30-day backtest

long BingX · short KuCoin

21.2%

backtested APR

+$174

historical net P&L on $10,000

1.09%

max drawdown

$10,000$10,174

30 days agostarting capital $10,000today

Over the last 30 days, holding long BingX / short KuCoin would have produced 21.2% APR — versus the 380.9% the live spread implies right now (equity $10,000 → $10,174). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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ONE funding — FAQ

Is ONE funding positive right now?

ONE perpetual funding is positive on 7 of 7 venues Perpia tracks. The highest is +391.2% on KuCoin; the lowest is +3.8% on BingX.

What is the best ONE funding arbitrage right now?

Go long BingX and short KuCoin for about 380.9% net APR after fees — the widest delta-neutral ONE spread Perpia currently sees.

Which exchange has the highest ONE funding rate?

KuCoin, at +391.2% annualized. Funding shifts continuously, so check the live table above before trading.

How ONE 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 ONE

Markets also quoted on both BingX and KuCoin — the same two exchanges you would already have funded for the ONE trade.

See every spread between them on the BingX vs KuCoin page.

Open the live scanner →All funding rates Funding by exchange How we calculate this