OWL Funding Rate — live across 2 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized OWL perpetual funding across all 2 venues Perpia tracks. Right now OWL funding is positive on 2 and negative on 0, ranging from +87.6% on BingX to +10.9% on Aster — a spread of 76.6%. The widest delta-neutral trade is long Aster / short BingX at 18.2% net APR.
OWL funding rate by venue
1 pairs scannedRates annualized; updated ~every few minutes from live venue data.
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OWL funding — FAQ
Is OWL funding positive right now?
OWL perpetual funding is positive on 2 of 2 venues Perpia tracks. The highest is +87.6% on BingX; the lowest is +10.9% on Aster.
What is the best OWL funding arbitrage right now?
Go long Aster and short BingX for about 18.2% net APR after fees — the widest delta-neutral OWL spread Perpia currently sees.
Which exchange has the highest OWL funding rate?
BingX, at +87.6% annualized. Funding shifts continuously, so check the live table above before trading.
How OWL 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.