TENCENTHKD Funding Rate — live across 3 venues

Compared across 3 supported venues · net of estimated fees · updated every few minutes

Live annualized TENCENTHKD perpetual funding across all 3 venues Perpia tracks. Right now TENCENTHKD funding is positive on 0 and negative on 1, ranging from +0.0% on Bitget to -52.1% on KuCoin — a spread of 52.1%. The widest delta-neutral trade is long KuCoin / short Bitget at 47.4% net APR.

venues

paying positive

52.1%

funding spread

Best TENCENTHKD spread now

47.4%

net APR after fees

Long KuCoin→Short Bitget

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

TENCENTHKD funding trend & liquidity

168h of history

52.1%

current gross APR

-12.0%

24h average

-19.0%

7-day average

$15K

pair OI · lower leg

$111K

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.

TENCENTHKD funding rate history

30d · 6h buckets · 3 venues

130%0-62.6%

4 Aug3 Sep

TENCENTHKD — average across 3 venuesBitgetKuCoinGate.io

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: +7.9%. A break in a line means no data was recorded for that stretch, not a zero rate.

TENCENTHKD funding rate by venue

2 pairs scanned

Venue	Funding APR	Interval
Bitget ↗	+0.0%	8h
Gate.io ↗	+0.0%	8h
KuCoin ↗	-52.1%	8h

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 KuCoin vs Bitget page.

TENCENTHKD arbitrage — 30-day backtest

long KuCoin · short Bitget

-14.1%

backtested APR

−$116

historical net P&L on $10,000

1.21%

max drawdown

$10,000$9,884

30 days agostarting capital $10,000today

Over the last 30 days, holding long KuCoin / short Bitget would have produced -14.1% APR — versus the 47.4% the live spread implies right now (equity $10,000 → $9,884). 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 TENCENTHKD backtest…

TENCENTHKD funding — FAQ

Is TENCENTHKD funding positive right now?

TENCENTHKD perpetual funding is positive on 0 of 3 venues Perpia tracks and negative on 1. The highest is +0.0% on Bitget; the lowest is -52.1% on KuCoin.

What is the best TENCENTHKD funding arbitrage right now?

Go long KuCoin and short Bitget for about 47.4% net APR after fees — the widest delta-neutral TENCENTHKD spread Perpia currently sees.

Which exchange has the highest TENCENTHKD funding rate?

Bitget, at +0.0% annualized. Funding shifts continuously, so check the live table above before trading.

How TENCENTHKD 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 TENCENTHKD

Markets also quoted on both Bitget and KuCoin — the same two exchanges you would already have funded for the TENCENTHKD trade.

See every spread between them on the Bitget vs KuCoin page.

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