SHAZ Funding Rate — live across 6 venues

Perpetual funding · compared across 6 venues · net of estimated fees · updated every few minutes

Live annualized SHAZ perpetual funding across all 6 venues Perpia tracks. Right now SHAZ funding is positive on 4 and negative on 0, ranging from +378.3% on Bitget to +0.0% on KuCoin — a spread of 378.3%. The widest delta-neutral trade is long OKX / short Bitget at 372.3% net APR.

6venues

4paying positive

378.3%funding spread

Best SHAZ spread now

372.3%

net APR after fees

LongOKX↗→ShortBitget↗

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

SHAZ funding trend & liquidity

168h of history

378.3%current gross APR

10.1%24h average

-5.9%7-day average

$79Kpair OI · lower leg

$250K24h 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.

SHAZ · OKX → Bitget — no history

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Build a route

any two of the 6 venues

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

Gross spread+378.3%+$103.65 / 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 · 6 venues

Venue	Funding APR ↓	Interval
Bitget↗short	+378.3%	every 8h
Variational↗	+28.9%	every 8h
Hyperliquid↗	+24.2%	every 1h
Bybit↗	+10.2%	every 8h
OKX↗long	+0.0%	every 8h
KuCoin↗	+0.0%	every 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 OKX vs Bitget page. 10 pairs scanned for SHAZ.

SHAZ arbitrage — 30-day backtest

long OKX · short Bitget

5.0%backtested APR

+$41historical net P&L on $10,000

0.39%max drawdown

$10,000$10,041

30 days agostarting capital $10,000today

Over the last 30 days, holding long OKX / short Bitget would have produced 5.0% APR — versus the 372.3% the live spread implies right now (equity $10,000 → $10,041). 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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SHAZ — FAQ

Is SHAZ funding positive right now?

SHAZ perpetual funding is positive on 4 of 6 venues Perpia tracks. The highest is +378.3% on Bitget; the lowest is +0.0% on KuCoin.

What is the best SHAZ funding arbitrage right now?

Go long OKX and short Bitget for about 372.3% net APR after fees — the widest delta-neutral SHAZ spread Perpia currently sees.

Which exchange has the highest SHAZ funding rate?

Bitget, at +378.3% annualized. Funding shifts continuously, so check the live table above before trading.

How SHAZ 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 SHAZ

also quoted on both Bitget and OKX

The same two exchanges you would already have funded for the SHAZ trade. Every spread between them is on the Bitget vs OKX page.

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