SFP Funding Rate — live across 6 venues

Compared across 6 supported venues · net of estimated fees · updated every few minutes

Live annualized SFP perpetual funding across all 6 venues Perpia tracks. Right now SFP funding is positive on 4 and negative on 2, ranging from +10.9% on Bitget to -9.3% on MEXC — a spread of 20.3%. The widest delta-neutral trade is long MEXC / short Bitget at 16.3% net APR.

venues

paying positive

20.3%

funding spread

Best SFP spread now

16.3%

net APR after fees

Long MEXC→Short Bitget

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

SFP funding trend & liquidity

169h of history

20.3%

current gross APR

1.4%

24h average

0.2%

7-day average

$57K

pair OI · lower leg

$11K

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.

SFP funding rate history

30d · 6h buckets · 6 venues

21.1%0-125.6%

30 Jul29 Aug

SFP — average across 6 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: +9.7%. A break in a line means no data was recorded for that stretch, not a zero rate.

SFP funding rate by venue

8 pairs scanned

Venue	Funding APR	Interval
Bitget ↗	+10.9%	8h
BingX ↗	+10.9%	8h
Variational ↗	+10.9%	8h
KuCoin ↗	+10.9%	8h
Binance ↗	-9.1%	8h
MEXC ↗	-9.3%	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 MEXC vs Bitget page.

SFP arbitrage — 30-day backtest

long MEXC · short Bitget

0.8%

backtested APR

+$6

historical net P&L on $10,000

0.00%

max drawdown

$10,000$10,006

30 days agostarting capital $10,000today

Over the last 30 days, holding long MEXC / short Bitget would have produced 0.8% APR — versus the 16.3% the live spread implies right now (equity $10,000 → $10,006). 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 →

Loading SFP backtest…

SFP funding — FAQ

Is SFP funding positive right now?

SFP perpetual funding is positive on 4 of 6 venues Perpia tracks and negative on 2. The highest is +10.9% on Bitget; the lowest is -9.3% on MEXC.

What is the best SFP funding arbitrage right now?

Go long MEXC and short Bitget for about 16.3% net APR after fees — the widest delta-neutral SFP spread Perpia currently sees.

Which exchange has the highest SFP funding rate?

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

How SFP 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 SFP

Markets also quoted on both Bitget and MEXC — the same two exchanges you would already have funded for the SFP trade.

See every spread between them on the Bitget vs MEXC page.

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