SHOP Funding Rate — perpetuals across 4 venues
TradFi perpetual · compared across 4 venues · net of estimated fees · updated every few minutes
SHOP is an equity-linked perpetual referencing SHOP, traded on-chain (not a tokenized xStock). Perpia compares its annualized funding across venues and the best delta-neutral spread.
Live annualized SHOP perpetual funding across all 4 venues Perpia tracks. Right now SHOP funding is positive on 3 and negative on 0, ranging from +95.3% on Bybit to +0.0% on Bitget — a spread of 95.3%. The widest delta-neutral trade is long Bitget / short Bybit at 85.4% net APR.
SHOP funding trend & liquidity
6h of historyAverages 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.
SHOP funding rate by venue
3 pairs scannedRates annualized; updated ~every few minutes from live venue data.
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SHOP funding — FAQ
Is SHOP funding positive right now?
SHOP perpetual funding is positive on 3 of 4 venues Perpia tracks. The highest is +95.3% on Bybit; the lowest is +0.0% on Bitget.
What is the best SHOP funding arbitrage right now?
Go long Bitget and short Bybit for about 85.4% net APR after fees — the widest delta-neutral SHOP spread Perpia currently sees.
Which exchange has the highest SHOP funding rate?
Bybit, at +95.3% annualized. Funding shifts continuously, so check the live table above before trading.
How SHOP 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.