TMF Funding Rate — live across 5 venues
Compared across 5 supported venues · net of estimated fees · updated every few minutes
Live annualized TMF perpetual funding across all 5 venues Perpia tracks. Right now TMF funding is positive on 2 and negative on 0, ranging from +45.1% on MEXC to +0.0% on Bybit — a spread of 45.1%. The widest delta-neutral trade is long OKX / short MEXC at 40.1% net APR.
TMF funding trend & liquidity
16h 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.
TMF funding rate by venue
7 pairs scannedRates annualized; updated ~every few minutes from live venue data.
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TMF funding — FAQ
Is TMF funding positive right now?
TMF perpetual funding is positive on 2 of 5 venues Perpia tracks. The highest is +45.1% on MEXC; the lowest is +0.0% on Bybit.
What is the best TMF funding arbitrage right now?
Go long OKX and short MEXC for about 40.1% net APR after fees — the widest delta-neutral TMF spread Perpia currently sees.
Which exchange has the highest TMF funding rate?
MEXC, at +45.1% annualized. Funding shifts continuously, so check the live table above before trading.
How TMF 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.