XAI funding rate

TradFi perpetual · 8 venues · net of estimated fees

XAI Funding Rate — perpetuals across 8 venues

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

XAI is a pre-IPO perpetual referencing XAI — a private company, not a public share. Read the funding together with liquidity and the backtest below.

Live annualized XAI perpetual funding across all 8 venues Perpia tracks. Right now XAI funding is positive on 7 and negative on 1, ranging from +10.9% on Gate.io to -36.1% on Bybit — a spread of 47.0%. The widest delta-neutral trade is long Bybit / short Gate.io at 43.2% net APR.

8venues
7paying positive
47.0%funding spread
Best XAI spread now
43.2%
net APR after fees
LongBybit↗→ShortGate.io↗
size depends on live venue depth — see the real cap in the scanner

XAI funding trend & liquidity

169h of history
47.0%current gross APR
-17.6%24h average
-9.9%7-day average
$114Kpair OI · lower leg
$23K24h 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.

XAI · Bybit → Gate.io — no history

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Build a route

any two of the 8 venues
Gross spread+47.0%+$12.89 / 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 · 8 venues
VenueFunding APR ↓IntervalUse as
Gate.io↗short+10.9%every 4h
BingX↗+10.9%every 4h
Aster↗+10.9%every 4h
Bitget↗+10.9%every 4h
KuCoin↗+10.9%every 4h
Binance↗+3.9%every 4h
MEXC↗+3.7%every 4h
below — these venues pay the longs: this is the leg you buy
Bybit↗long−36.1%every 4h

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 Bybit vs Gate.io page. 15 pairs scanned for XAI.

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XAI — FAQ

Is XAI funding positive right now?

XAI perpetual funding is positive on 7 of 8 venues Perpia tracks and negative on 1. The highest is +10.9% on Gate.io; the lowest is -36.1% on Bybit.

What is the best XAI funding arbitrage right now?

Go long Bybit and short Gate.io for about 43.2% net APR after fees — the widest delta-neutral XAI spread Perpia currently sees.

Which exchange has the highest XAI funding rate?

Gate.io, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How XAI 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 XAI

also quoted on both Bybit and Gate.io

The same two exchanges you would already have funded for the XAI trade. Every spread between them is on the Bybit vs Gate.io page.