SMSN Funding Rate — live across 3 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized SMSN perpetual funding across all 3 venues Perpia tracks. Right now SMSN funding is positive on 3 and negative on 0, ranging from +10.9% on Aster to +5.5% on Hyperliquid — a spread of 5.5%. The widest delta-neutral trade is long trade.xyz / short Aster at 1.2% net APR.
SMSN funding rate by venue
2 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Aster | +10.9% | 1h |
| trade.xyz | +5.5% | 1h |
| Hyperliquid | +5.5% | 1h |
Rates annualized; updated ~every few minutes from live venue data.
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SMSN funding — FAQ
Is SMSN funding positive right now?
SMSN perpetual funding is positive on 3 of 3 venues Perpia tracks. The highest is +10.9% on Aster; the lowest is +5.5% on Hyperliquid.
What is the best SMSN funding arbitrage right now?
Go long trade.xyz and short Aster for about 1.2% net APR after fees — the widest delta-neutral SMSN spread Perpia currently sees.
Which exchange has the highest SMSN funding rate?
Aster, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How SMSN 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.