SHELL Funding Rate — live across 8 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized SHELL perpetual funding across all 8 venues Perpia tracks. Right now SHELL funding is positive on 7 and negative on 1, ranging from +10.9% on KuCoin to -4.9% on Bybit — a spread of 15.9%. The widest delta-neutral trade is long Bybit / short KuCoin at 10.5% net APR.
SHELL funding rate by venue
10 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| KuCoin | +10.9% | 4h |
| OKX | +10.9% | 4h |
| Bitget | +10.9% | 4h |
| Gate.io | +10.9% | 4h |
| BingX | +10.9% | 4h |
| MEXC | +5.5% | 8h |
| Binance | +5.5% | 8h |
| Bybit | -4.9% | 4h |
Rates annualized; updated ~every few minutes from live venue data.
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SHELL funding — FAQ
Is SHELL funding positive right now?
SHELL perpetual funding is positive on 7 of 8 venues Perpia tracks and negative on 1. The highest is +10.9% on KuCoin; the lowest is -4.9% on Bybit.
What is the best SHELL funding arbitrage right now?
Go long Bybit and short KuCoin for about 10.5% net APR after fees — the widest delta-neutral SHELL spread Perpia currently sees.
Which exchange has the highest SHELL funding rate?
KuCoin, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How SHELL 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.