TNSR Funding Rate — live across 8 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized TNSR perpetual funding across all 8 venues Perpia tracks. Right now TNSR funding is positive on 5 and negative on 3, ranging from +10.9% on Gate.io to -2.4% on BingX — a spread of 13.4%. The widest delta-neutral trade is long MEXC / short Gate.io at 9.1% net APR.
TNSR funding rate by venue
15 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Gate.io | +10.9% | 4h |
| Bybit | +10.9% | 4h |
| Bitget | +10.9% | 4h |
| KuCoin | +10.9% | 4h |
| Hyperliquid | +10.9% | 1h |
| MEXC | -0.8% | 8h |
| Binance | -0.8% | 8h |
| BingX | -2.4% | 4h |
Rates annualized; updated ~every few minutes from live venue data.
Loading TNSR backtest…
TNSR funding — FAQ
Is TNSR funding positive right now?
TNSR perpetual funding is positive on 5 of 8 venues Perpia tracks and negative on 3. The highest is +10.9% on Gate.io; the lowest is -2.4% on BingX.
What is the best TNSR funding arbitrage right now?
Go long MEXC and short Gate.io for about 9.1% net APR after fees — the widest delta-neutral TNSR spread Perpia currently sees.
Which exchange has the highest TNSR funding rate?
Gate.io, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How TNSR 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.