VIRTUAL Funding Rate — live across 16 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized VIRTUAL perpetual funding across all 16 venues Perpia tracks. Right now VIRTUAL funding is positive on 11 and negative on 5, ranging from +11.4% on Extended to -10.0% on EdgeX — a spread of 21.4%. The widest delta-neutral trade is long EdgeX / short OKX at 18.1% net APR.
VIRTUAL funding rate by venue
74 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Extended | +11.4% | 1h |
| OKX | +10.9% | 4h |
| Bybit | +10.9% | 4h |
| KuCoin | +10.9% | 4h |
| Hyperliquid | +10.9% | 1h |
| BackPack | +10.9% | 1h |
| Gate.io | +10.9% | 4h |
| BingX | +10.9% | 4h |
| Pacifica | +10.9% | 1h |
| MEXC | +5.5% | 8h |
| Binance | +5.5% | 8h |
| Bitget | -0.4% | 4h |
| Variational | -1.2% | 4h |
| Aster | -3.7% | 1h |
| Lighter | -7.9% | 8h |
| EdgeX | -10.0% | 4h |
Rates annualized; updated ~every few minutes from live venue data.
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VIRTUAL funding — FAQ
Is VIRTUAL funding positive right now?
VIRTUAL perpetual funding is positive on 11 of 16 venues Perpia tracks and negative on 5. The highest is +11.4% on Extended; the lowest is -10.0% on EdgeX.
What is the best VIRTUAL funding arbitrage right now?
Go long EdgeX and short OKX for about 18.1% net APR after fees — the widest delta-neutral VIRTUAL spread Perpia currently sees.
Which exchange has the highest VIRTUAL funding rate?
Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.
How VIRTUAL 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.