TWLO Funding Rate — tokenized stock perpetuals across 3 venues

Tokenized stock (xStock) perpetual · net of fees · updated every few minutes

TWLO is a tokenized stock (a Backed.fi xStock) traded as a perpetual future. Perpia compares its annualized funding across venues and the best delta-neutral spread — the perp, its funding and the underlying share are three different things, so read the rate together with liquidity and the backtest below.

Live annualized TWLO perpetual funding across all 3 venues Perpia tracks. Right now TWLO funding is positive on 1 and negative on 0, ranging from +10.9% on Gate.io to +0.0% on OKX — a spread of 10.9%. The widest delta-neutral trade is long Bitget / short Gate.io at 4.0% net APR.

venues

paying positive

10.9%

funding spread

Best TWLO spread now

4.0%

net APR after fees

Long Bitget→Short Gate.io

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

TWLO funding trend & liquidity

168h of history

10.9%

current gross APR

10.9%

24h average

12.1%

7-day average

$65K

open interest

$212K

24h volume

Averages are realized funding over the window shown. When the current rate sits near the 7-day average the spread is persistent; a current rate far above it is usually a short-lived spike.

TWLO funding rate by venue

2 pairs scanned

Venue	Funding APR	Interval
Gate.io	+10.9%	8h
Bitget	+0.0%	8h
OKX	+0.0%	8h

Rates annualized; updated ~every few minutes from live venue data.

TWLO arbitrage — 30-day backtest

long Bitget · short Gate.io

11.7%

realized APR

+$96

net P&L on $10,000

0.28%

max drawdown

$10,000$10,096

30 days agostarting capital $10,000today

Over the last 30 days, holding long Bitget / short Gate.io realized 11.7% APR — versus the 4.0% the live spread implies right now (equity $10,000 → $10,096). Funding drifts and decays, so realized returns rarely match the live headline — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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TWLO funding — FAQ

Is TWLO funding positive right now?

TWLO perpetual funding is positive on 1 of 3 venues Perpia tracks. The highest is +10.9% on Gate.io; the lowest is +0.0% on OKX.

What is the best TWLO funding arbitrage right now?

Go long Bitget and short Gate.io for about 4.0% net APR after fees — the widest delta-neutral TWLO spread Perpia currently sees.

Which exchange has the highest TWLO funding rate?

Gate.io, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How TWLO 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 the realized backtest, so you filter instead of chasing the headline number.

Related tokenized stocks

See the full list on the tokenized stocks hub.

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