PURR Funding Rate — live across 4 venues

Perpetual funding · compared across 4 venues · net of estimated fees · updated every few minutes

Live annualized PURR perpetual funding across all 4 venues Perpia tracks. Right now PURR funding is positive on 0 and negative on 1, ranging from +0.0% on Bybit to -64.8% on Ondo Perps — a spread of 64.8%. The widest delta-neutral trade is long Ondo Perps / short Bybit at 59.2% net APR.

4venues

0paying positive

64.8%funding spread

Best PURR spread now

59.2%

net APR after fees

LongOndo Perps→ShortBybit↗

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

PURR funding trend & liquidity

168h of history

64.8%current gross APR

22.2%24h average

28.5%7-day average

$62Kpair OI · lower leg

$33K24h 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.

PURR · Ondo Perps → Bybit — no history

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Build a route

any two of the 4 venues

Long (pays you)every 1hShort (you collect)every 8h

Gross spread+64.8%+$17.76 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 4 venues

Venue	Funding APR ↓	Interval
Bybit↗short	+0.0%	every 8h
OKX↗	+0.0%	every 8h
Bitget↗	+0.0%	every 8h
Ondo Perpslong	−64.8%	every 1h

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 Ondo Perps vs Bybit page. 3 pairs scanned for PURR.

PURR arbitrage — 30-day backtest

long Ondo Perps · short Bybit

-2.9%backtested APR

−$24historical net P&L on $10,000

0.56%max drawdown

$10,000$9,976

30 days agostarting capital $10,000today

Over the last 30 days, holding long Ondo Perps / short Bybit would have produced -2.9% APR — versus the 59.2% the live spread implies right now (equity $10,000 → $9,976). 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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PURR — FAQ

Is PURR funding positive right now?

PURR perpetual funding is positive on 0 of 4 venues Perpia tracks and negative on 1. The highest is +0.0% on Bybit; the lowest is -64.8% on Ondo Perps.

What is the best PURR funding arbitrage right now?

Go long Ondo Perps and short Bybit for about 59.2% net APR after fees — the widest delta-neutral PURR spread Perpia currently sees.

Which exchange has the highest PURR funding rate?

Bybit, at +0.0% annualized. Funding shifts continuously, so check the live table above before trading.

How PURR 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 PURR

also quoted on both Bybit and Ondo Perps

The same two exchanges you would already have funded for the PURR trade. Every spread between them is on the Bybit vs Ondo Perps page.

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