WIF Funding Rate — live across 16 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized WIF perpetual funding across all 16 venues Perpia tracks. Right now WIF funding is positive on 13 and negative on 2, ranging from +11.4% on Extended to -27.3% on BackPack — a spread of 38.7%. The widest delta-neutral trade is long BackPack / short Bybit at 35.2% net APR.
WIF funding rate by venue
50 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Extended | +11.4% | 1h |
| Bybit | +10.9% | 4h |
| OKX | +10.9% | 4h |
| Gate.io | +10.9% | 4h |
| Hyperliquid | +10.9% | 1h |
| Bitget | +10.9% | 4h |
| Pacifica | +10.9% | 1h |
| BingX | +10.9% | 4h |
| Vest | +10.9% | 1h |
| Lighter | +10.5% | 8h |
| KuCoin | +7.0% | 4h |
| MEXC | +5.5% | 8h |
| Binance | +5.5% | 8h |
| GMTrade | +0.0% | 1h |
| Variational | -2.6% | 4h |
| BackPack | -27.3% | 1h |
Rates annualized; updated ~every few minutes from live venue data.
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WIF funding — FAQ
Is WIF funding positive right now?
WIF perpetual funding is positive on 13 of 16 venues Perpia tracks and negative on 2. The highest is +11.4% on Extended; the lowest is -27.3% on BackPack.
What is the best WIF funding arbitrage right now?
Go long BackPack and short Bybit for about 35.2% net APR after fees — the widest delta-neutral WIF spread Perpia currently sees.
Which exchange has the highest WIF funding rate?
Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.
How WIF 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.