TLM Funding Rate — live across 8 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized TLM perpetual funding across all 8 venues Perpia tracks. Right now TLM funding is positive on 0 and negative on 8, ranging from -10.3% on Bitget to -180.9% on Gate.io — a spread of 170.6%. The widest delta-neutral trade is long Gate.io / short Bitget at 166.1% net APR.
TLM funding rate by venue
22 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Bitget | -10.3% | 4h |
| Binance | -26.4% | 8h |
| MEXC | -26.7% | 8h |
| Aster | -41.8% | 1h |
| BingX | -130.7% | 4h |
| Bybit | -142.6% | 8h |
| Variational | -150.2% | 8h |
| Gate.io | -180.9% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
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TLM funding — FAQ
Is TLM funding positive right now?
TLM perpetual funding is positive on 0 of 8 venues Perpia tracks and negative on 8. The highest is -10.3% on Bitget; the lowest is -180.9% on Gate.io.
What is the best TLM funding arbitrage right now?
Go long Gate.io and short Bitget for about 166.1% net APR after fees — the widest delta-neutral TLM spread Perpia currently sees.
Which exchange has the highest TLM funding rate?
Bitget, at -10.3% annualized. Funding shifts continuously, so check the live table above before trading.
How TLM 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.