SPOT Funding Rate — perpetuals across 2 venues
TradFi perpetual · compared across 2 venues · net of estimated fees · updated every few minutes
SPOT is an equity-linked perpetual referencing SPOT, traded on-chain (not a tokenized xStock). Perpia compares its annualized funding across venues and the best delta-neutral spread.
Live annualized SPOT perpetual funding across all 2 venues Perpia tracks. Right now SPOT funding is positive on 1 and negative on 0, ranging from +10.9% on Gate.io to +0.0% on Bybit — a spread of 10.9%. The widest delta-neutral trade is long Bybit / short Gate.io at 4.3% net APR.
SPOT funding trend & liquidity
19h 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.
SPOT funding rate by venue
1 pairs scannedRates annualized; updated ~every few minutes from live venue data.
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SPOT funding — FAQ
Is SPOT funding positive right now?
SPOT perpetual funding is positive on 1 of 2 venues Perpia tracks. The highest is +10.9% on Gate.io; the lowest is +0.0% on Bybit.
What is the best SPOT funding arbitrage right now?
Go long Bybit and short Gate.io for about 4.3% net APR after fees — the widest delta-neutral SPOT spread Perpia currently sees.
Which exchange has the highest SPOT funding rate?
Gate.io, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How SPOT 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.