WTI funding rate

TradFi perpetual · 8 venues · net of estimated fees
All funding ratesBy exchange

WTI Funding Rate — perpetuals across 8 venues

TradFi perpetual · compared across 8 venues · net of estimated fees · updated every few minutes

WTI is a commodity-linked perpetual referencing WTI. Its price tracks the commodity, not an equity.

Live annualized WTI perpetual funding across all 8 venues Perpia tracks. Right now WTI funding is positive on 2 and negative on 5, ranging from +2.4% on Ostium to -38.5% on Extended — a spread of 41.0%. The widest delta-neutral trade is long Extended / short Hyperliquid at 36.8% net APR.

8venues
2paying positive
41.0%funding spread
Best WTI spread now
36.8%
net APR after fees
LongExtended↗→ShortHyperliquid↗
size depends on live venue depth — see the real cap in the scanner

WTI funding trend & liquidity

168h of history
38.7%current gross APR
6.9%24h average
26.0%7-day average
$3.0Mpair OI · lower leg
$17.4M24h 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.

WTI · Extended → Hyperliquid — no history

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Build a route

any two of the 8 venues
Gross spread+38.7%+$10.59 / day on $10,000
Widest routes

This route is 2 pp below the widest one right now (Extended → Ostium). 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 · 8 venues
VenueFunding APR ↓IntervalUse as
Ostium↗+2.4%every 1h
Hyperliquid↗short+0.1%every 1h
GMTrade↗+0.0%every 1h
below — these venues pay the longs: this is the leg you buy
trade.xyz↗−0.3%every 1h
Lighter↗−10.5%every 8h
Ondo Perps−13.2%every 1h
Nado↗−28.6%every 24h
Extended↗long−38.5%every 1h

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 Extended vs Hyperliquid page. 20 pairs scanned for WTI.

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WTI — FAQ

Is WTI funding positive right now?

WTI perpetual funding is positive on 2 of 8 venues Perpia tracks and negative on 5. The highest is +2.4% on Ostium; the lowest is -38.5% on Extended.

What is the best WTI funding arbitrage right now?

Go long Extended and short Hyperliquid for about 36.8% net APR after fees — the widest delta-neutral WTI spread Perpia currently sees.

Which exchange has the highest WTI funding rate?

Ostium, at +2.4% annualized. Funding shifts continuously, so check the live table above before trading.

How WTI 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 WTI

also quoted on both Extended and Hyperliquid

The same two exchanges you would already have funded for the WTI trade. Every spread between them is on the Extended vs Hyperliquid page.

UNITREE438.3% net APRDRAM155.1% net APRSOXL112.8% net APRSKHY107.1% net APRARM79.2% net APRASML55.5% net APRBE48.1% net APRAVGO46.2% net APR
Open the live scanner →All funding ratesFunding by exchangeHow we calculate this