STBL Funding Rate — live across 7 venues

Compared across 7 supported venues · net of estimated fees · updated every few minutes

Live annualized STBL perpetual funding across all 7 venues Perpia tracks. Right now STBL funding is positive on 7 and negative on 0, ranging from +97.5% on Gate.io to +10.9% on Hyperliquid — a spread of 86.5%. The widest delta-neutral trade is long MEXC / short Gate.io at 83.2% net APR.

venues

paying positive

86.5%

funding spread

Best STBL spread now

83.2%

net APR after fees

Long MEXC→Short Gate.io

size depends on live venue depth — see the real cap in the scanner

STBL funding trend & liquidity

168h of history

86.5%

current gross APR

15.1%

24h average

15.0%

7-day average

$327K

pair OI · lower leg

$56K

24h 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.

STBL funding rate history

30d · 6h buckets · 9 venues

190%0-29.4%

6 Aug5 Sep

STBL — average across 9 venuesAsterHyperliquidBinanceKuCoin

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +16.9%. A break in a line means no data was recorded for that stretch, not a zero rate.

STBL funding rate by venue

14 pairs scanned

Venue	Funding APR	Interval
Gate.io ↗	+97.5%	4h
Bybit ↗	+49.8%	4h
BingX ↗	+44.9%	4h
MEXC ↗	+10.9%	4h
Binance ↗	+10.9%	4h
KuCoin ↗	+10.9%	4h
Hyperliquid ↗	+10.9%	1h

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 MEXC vs Gate.io page.

STBL arbitrage — 30-day backtest

long MEXC · short Gate.io

25.1%

backtested APR

+$206

historical net P&L on $10,000

0.00%

max drawdown

$10,000$10,206

30 days agostarting capital $10,000today

Over the last 30 days, holding long MEXC / short Gate.io would have produced 25.1% APR — versus the 83.2% the live spread implies right now (equity $10,000 → $10,206). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading STBL backtest…

STBL funding — FAQ

Is STBL funding positive right now?

STBL perpetual funding is positive on 7 of 7 venues Perpia tracks. The highest is +97.5% on Gate.io; the lowest is +10.9% on Hyperliquid.

What is the best STBL funding arbitrage right now?

Go long MEXC and short Gate.io for about 83.2% net APR after fees — the widest delta-neutral STBL spread Perpia currently sees.

Which exchange has the highest STBL funding rate?

Gate.io, at +97.5% annualized. Funding shifts continuously, so check the live table above before trading.

How STBL 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 STBL

Markets also quoted on both Gate.io and MEXC — the same two exchanges you would already have funded for the STBL trade.

See every spread between them on the Gate.io vs MEXC page.

Open the live scanner →All funding rates Funding by exchange How we calculate this