TOSHI Funding Rate — live across 6 venues

Compared across 6 supported venues · net of estimated fees · updated every few minutes

Live annualized TOSHI perpetual funding across all 6 venues Perpia tracks. Right now TOSHI funding is positive on 6 and negative on 0, ranging from +108.4% on BingX to +10.9% on KuCoin — a spread of 97.5%. The widest delta-neutral trade is long MEXC / short BingX at 92.6% net APR.

venues

paying positive

97.5%

funding spread

Best TOSHI spread now

92.6%

net APR after fees

Long MEXC→Short BingX

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

TOSHI funding trend & liquidity

168h of history

97.5%

current gross APR

9.4%

24h average

6.8%

7-day average

$393K

pair OI · lower leg

$118K

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.

TOSHI funding rate history

30d · 6h buckets · 6 venues

62.2%0-127.3%

6 Aug5 Sep

TOSHI — average across 6 venuesAsterBinanceBitgetKuCoin

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: +8.7%. A break in a line means no data was recorded for that stretch, not a zero rate.

TOSHI funding rate by venue

5 pairs scanned

Venue	Funding APR	Interval
BingX ↗	+108.4%	4h
MEXC ↗	+10.9%	4h
Gate.io ↗	+10.9%	8h
Binance ↗	+10.9%	4h
Bitget ↗	+10.9%	4h
KuCoin ↗	+10.9%	4h

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 BingX page.

TOSHI arbitrage — 30-day backtest

long MEXC · short BingX

8.1%

backtested APR

+$66

historical net P&L on $10,000

0.00%

max drawdown

$10,000$10,066

30 days agostarting capital $10,000today

Over the last 30 days, holding long MEXC / short BingX would have produced 8.1% APR — versus the 92.6% the live spread implies right now (equity $10,000 → $10,066). 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 →

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TOSHI funding — FAQ

Is TOSHI funding positive right now?

TOSHI perpetual funding is positive on 6 of 6 venues Perpia tracks. The highest is +108.4% on BingX; the lowest is +10.9% on KuCoin.

What is the best TOSHI funding arbitrage right now?

Go long MEXC and short BingX for about 92.6% net APR after fees — the widest delta-neutral TOSHI spread Perpia currently sees.

Which exchange has the highest TOSHI funding rate?

BingX, at +108.4% annualized. Funding shifts continuously, so check the live table above before trading.

How TOSHI 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 TOSHI

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

See every spread between them on the BingX vs MEXC page.

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