US100 Funding Rate — perpetuals across 3 venues

TradFi perpetual · compared across 3 venues · net of estimated fees · updated every few minutes

US100 is an equity-linked perpetual referencing US100, traded on-chain (not a tokenized xStock). Perpia compares its annualized funding across venues and the best delta-neutral spread.

Live annualized US100 perpetual funding across all 3 venues Perpia tracks. Right now US100 funding is positive on 3 and negative on 0, ranging from +86.8% on OKX to +3.5% on Lighter — a spread of 83.3%. The widest delta-neutral trade is long Lighter / short OKX at 82.0% net APR.

3venues

3paying positive

83.3%funding spread

Best US100 spread now

82.0%

net APR after fees

LongLighter↗→ShortOKX↗

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

US100 funding trend & liquidity

168h of history

83.3%current gross APR

31.4%24h average

24.7%7-day average

$425Kpair OI · lower leg

$299K24h 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.

US100 · Lighter → OKX — no history

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Build a route

any two of the 3 venues

Long (pays you)every 8hShort (you collect)every 8h

Gross spread+83.3%+$22.82 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 3 venues

Venue	Funding APR ↓	Interval
OKX↗short	+86.8%	every 8h
Ondo Perps	+13.8%	every 1h
Lighter↗long	+3.5%	every 8h

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 Lighter vs OKX page. 3 pairs scanned for US100.

US100 arbitrage — 30-day backtest

long Lighter · short OKX

2.7%backtested APR

+$22historical net P&L on $10,000

0.69%max drawdown

$10,000$10,022

30 days agostarting capital $10,000today

Over the last 30 days, holding long Lighter / short OKX would have produced 2.7% APR — versus the 82.0% the live spread implies right now (equity $10,000 → $10,022). 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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US100 — FAQ

Is US100 funding positive right now?

US100 perpetual funding is positive on 3 of 3 venues Perpia tracks. The highest is +86.8% on OKX; the lowest is +3.5% on Lighter.

What is the best US100 funding arbitrage right now?

Go long Lighter and short OKX for about 82.0% net APR after fees — the widest delta-neutral US100 spread Perpia currently sees.

Which exchange has the highest US100 funding rate?

OKX, at +86.8% annualized. Funding shifts continuously, so check the live table above before trading.

How US100 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 US100

also quoted on both Lighter and OKX

The same two exchanges you would already have funded for the US100 trade. Every spread between them is on the Lighter vs OKX page.

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