USUAL Funding Rate — live across 9 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized USUAL perpetual funding across all 9 venues Perpia tracks. Right now USUAL funding is positive on 1 and negative on 8, ranging from +10.9% on Variational to -66.1% on Bitget — a spread of 77.1%. The widest delta-neutral trade is long Bitget / short Gate.io at 57.1% net APR.
USUAL funding rate by venue
19 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Variational | +10.9% | 4h |
| Gate.io | -1.3% | 8h |
| BingX | -13.4% | 4h |
| Hyperliquid | -16.8% | 1h |
| Binance | -17.0% | 8h |
| MEXC | -17.5% | 8h |
| Bybit | -19.6% | 4h |
| KuCoin | -42.9% | 4h |
| Bitget | -66.1% | 4h |
Rates annualized; updated ~every few minutes from live venue data.
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USUAL funding — FAQ
Is USUAL funding positive right now?
USUAL perpetual funding is positive on 1 of 9 venues Perpia tracks and negative on 8. The highest is +10.9% on Variational; the lowest is -66.1% on Bitget.
What is the best USUAL funding arbitrage right now?
Go long Bitget and short Gate.io for about 57.1% net APR after fees — the widest delta-neutral USUAL spread Perpia currently sees.
Which exchange has the highest USUAL funding rate?
Variational, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How USUAL 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.