RED Funding Rate — live across 4 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized RED perpetual funding across all 4 venues Perpia tracks. Right now RED funding is positive on 2 and negative on 2, ranging from +10.9% on Bitget to -34.6% on Bybit — a spread of 45.5%. The widest delta-neutral trade is long Bybit / short MEXC at 40.9% net APR.
RED funding rate by venue
5 pairs scannedRates annualized; updated ~every few minutes from live venue data.
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RED funding — FAQ
Is RED funding positive right now?
RED perpetual funding is positive on 2 of 4 venues Perpia tracks and negative on 2. The highest is +10.9% on Bitget; the lowest is -34.6% on Bybit.
What is the best RED funding arbitrage right now?
Go long Bybit and short MEXC for about 40.9% net APR after fees — the widest delta-neutral RED spread Perpia currently sees.
Which exchange has the highest RED funding rate?
Bitget, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How RED 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.