XBI Funding Rate — live across 6 venues
Compared across 6 supported venues · net of estimated fees · updated every few minutes
Live annualized XBI perpetual funding across all 6 venues Perpia tracks. Right now XBI funding is positive on 2 and negative on 0, ranging from +52.4% on trade.xyz to +0.0% on OKX — a spread of 52.4%. The widest delta-neutral trade is long Variational / short trade.xyz at 35.4% net APR.
XBI funding trend & liquidity
168h of historyAverages 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.
XBI funding rate history
30d · 6h buckets · 8 venuesAnnualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +0.8%. A break in a line means no data was recorded for that stretch, not a zero rate.
XBI funding rate by venue
8 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| trade.xyz↗ | +52.4% | 1h |
| Hyperliquid↗ | +45.8% | 1h |
| Variational↗ | +0.0% | 8h |
| Bybit↗ | +0.0% | 8h |
| MEXC↗ | +0.0% | 8h |
| OKX↗ | +0.0% | 8h |
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 Variational vs trade.xyz page.
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XBI funding — FAQ
Is XBI funding positive right now?
XBI perpetual funding is positive on 2 of 6 venues Perpia tracks. The highest is +52.4% on trade.xyz; the lowest is +0.0% on OKX.
What is the best XBI funding arbitrage right now?
Go long Variational and short trade.xyz for about 35.4% net APR after fees — the widest delta-neutral XBI spread Perpia currently sees.
Which exchange has the highest XBI funding rate?
trade.xyz, at +52.4% annualized. Funding shifts continuously, so check the live table above before trading.
How XBI 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 XBI
Markets also quoted on both trade.xyz and Variational — the same two exchanges you would already have funded for the XBI trade.
See every spread between them on the trade.xyz vs Variational page.