SI funding rate

Compared across 3 venues · net of estimated fees

SI Funding Rate — live across 3 venues

Perpetual funding · compared across 3 venues · net of estimated fees · updated every few minutes

Live annualized SI perpetual funding across all 3 venues Perpia tracks. Right now SI funding is positive on 2 and negative on 1, ranging from +32.0% on MEXC to -413.5% on Gate.io — a spread of 445.4%. The widest delta-neutral trade is long Gate.io / short MEXC at 438.8% net APR.

3venues
2paying positive
445.4%funding spread
Best SI spread now
438.8%
net APR after fees
LongGate.io↗→ShortMEXC↗
size depends on live venue depth — see the real cap in the scanner

SI funding trend & liquidity

7h of history
445.4%current gross APR
67.6%24h average
74.6%7-day average
$40Kpair OI · lower leg
$116K24h 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.

SI · Gate.io → MEXC — no history

Loading SI rate history…

Build a route

any two of the 3 venues
Gross spread+445.4%+$122.04 / 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 · 3 venues
VenueFunding APR ↓IntervalUse as
MEXC↗short+32.0%every 4h
BingX↗+22.3%every 4h
below — these venues pay the longs: this is the leg you buy
Gate.io↗long−413.5%every 4h

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 Gate.io vs MEXC page. 2 pairs scanned for SI.

Loading SI backtest…

SI — FAQ

Is SI funding positive right now?

SI perpetual funding is positive on 2 of 3 venues Perpia tracks and negative on 1. The highest is +32.0% on MEXC; the lowest is -413.5% on Gate.io.

What is the best SI funding arbitrage right now?

Go long Gate.io and short MEXC for about 438.8% net APR after fees — the widest delta-neutral SI spread Perpia currently sees.

Which exchange has the highest SI funding rate?

MEXC, at +32.0% annualized. Funding shifts continuously, so check the live table above before trading.

How SI 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 SI

also quoted on both Gate.io and MEXC

The same two exchanges you would already have funded for the SI trade. Every spread between them is on the Gate.io vs MEXC page.