RE Funding Rate — live across 9 venues

Compared across 9 supported venues · net of estimated fees · updated every few minutes

Live annualized RE perpetual funding across all 9 venues Perpia tracks. Right now RE funding is positive on 4 and negative on 5, ranging from +10.9% on Bybit to -71.9% on Aster — a spread of 82.8%. The widest delta-neutral trade is long Aster / short Bybit at 79.2% net APR.

venues

paying positive

82.8%

funding spread

Best RE spread now

79.2%

net APR after fees

Long Aster→Short Bybit

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

RE funding trend & liquidity

168h of history

82.8%

current gross APR

51.6%

24h average

17.6%

7-day average

$26K

pair OI · lower leg

$51K

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.

RE funding rate history

30d · 6h buckets · 9 venues

33.6%0-294.6%

5 Aug4 Sep

RE — average across 9 venuesAsterBinanceBitgetKuCoin

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: -19.1%. A break in a line means no data was recorded for that stretch, not a zero rate.

RE funding rate by venue

29 pairs scanned

Venue	Funding APR	Interval
Bybit ↗	+10.9%	4h
Bitget ↗	+10.9%	4h
Gate.io ↗	+10.9%	4h
BingX ↗	+10.9%	4h
Binance ↗	-3.5%	4h
MEXC ↗	-3.5%	4h
OKX ↗	-11.2%	4h
KuCoin ↗	-41.2%	4h
Aster ↗	-71.9%	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 Aster vs Bybit page.

RE arbitrage — 30-day backtest

long Aster · short Bybit

3.6%

backtested APR

+$30

historical net P&L on $10,000

0.33%

max drawdown

$10,000$10,030

30 days agostarting capital $10,000today

Over the last 30 days, holding long Aster / short Bybit would have produced 3.6% APR — versus the 79.2% the live spread implies right now (equity $10,000 → $10,030). 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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RE funding — FAQ

Is RE funding positive right now?

RE perpetual funding is positive on 4 of 9 venues Perpia tracks and negative on 5. The highest is +10.9% on Bybit; the lowest is -71.9% on Aster.

What is the best RE funding arbitrage right now?

Go long Aster and short Bybit for about 79.2% net APR after fees — the widest delta-neutral RE spread Perpia currently sees.

Which exchange has the highest RE funding rate?

Bybit, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How RE 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 RE

Markets also quoted on both Aster and Bybit — the same two exchanges you would already have funded for the RE trade.

See every spread between them on the Aster vs Bybit page.

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