TXN Funding Rate — live across 5 venues
Compared across 5 supported venues · net of estimated fees · updated every few minutes
Live annualized TXN perpetual funding across all 5 venues Perpia tracks. Right now TXN funding is positive on 2 and negative on 0, ranging from +52.2% on Bybit to +0.0% on Bitget — a spread of 52.2%. The widest delta-neutral trade is long Variational / short Bybit at 49.5% net APR.
TXN funding trend & liquidity
168h 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.
TXN funding rate by venue
4 pairs scannedRates 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 Variational vs Bybit page.
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TXN funding — FAQ
Is TXN funding positive right now?
TXN perpetual funding is positive on 2 of 5 venues Perpia tracks. The highest is +52.2% on Bybit; the lowest is +0.0% on Bitget.
What is the best TXN funding arbitrage right now?
Go long Variational and short Bybit for about 49.5% net APR after fees — the widest delta-neutral TXN spread Perpia currently sees.
Which exchange has the highest TXN funding rate?
Bybit, at +52.2% annualized. Funding shifts continuously, so check the live table above before trading.
How TXN 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 TXN
Markets also quoted on both Bybit and Variational — the same two exchanges you would already have funded for the TXN trade.
See every spread between them on the Bybit vs Variational page.