XCN Funding Rate — live across 5 venues

Compared across 5 supported venues · net of estimated fees · updated every few minutes

Live annualized XCN perpetual funding across all 5 venues Perpia tracks. Right now XCN funding is positive on 1 and negative on 4, ranging from +10.9% on Aster to -189.5% on Bybit — a spread of 200.5%. The widest delta-neutral trade is long BingX / short Aster at 139.8% net APR.

venues

paying positive

200.5%

funding spread

Best XCN spread now

139.8%

net APR after fees

Long BingX→Short Aster

size depends on live venue depth — see the real cap in the scanner

XCN funding trend & liquidity

168h of history

143.9%

current gross APR

81.5%

24h average

32.6%

7-day average

$7K

pair OI · lower leg

$12K

24h 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.

XCN funding rate history

30d · 6h buckets · 5 venues

126%0-499.8%

6 Aug5 Sep

XCN — average across 5 venuesAsterMEXCBybitGate.io

Annualized 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: -19.4%. A break in a line means no data was recorded for that stretch, not a zero rate.

XCN funding rate by venue

6 pairs scanned

Venue	Funding APR	Interval
Aster ↗	+10.9%	1h
Gate.io ↗	-78.0%	4h
BingX ↗	-132.9%	4h
MEXC ↗	-185.7%	4h
Bybit ↗	-189.5%	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 BingX vs Aster page.

XCN arbitrage — 30-day backtest

long BingX · short Aster

30.5%

backtested APR

+$251

historical net P&L on $10,000

0.08%

max drawdown

$10,000$10,251

30 days agostarting capital $10,000today

Over the last 30 days, holding long BingX / short Aster would have produced 30.5% APR — versus the 139.8% the live spread implies right now (equity $10,000 → $10,251). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading XCN backtest…

XCN funding — FAQ

Is XCN funding positive right now?

XCN perpetual funding is positive on 1 of 5 venues Perpia tracks and negative on 4. The highest is +10.9% on Aster; the lowest is -189.5% on Bybit.

What is the best XCN funding arbitrage right now?

Go long BingX and short Aster for about 139.8% net APR after fees — the widest delta-neutral XCN spread Perpia currently sees.

Which exchange has the highest XCN funding rate?

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

How XCN 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 XCN

Markets also quoted on both Aster and BingX — the same two exchanges you would already have funded for the XCN trade.

See every spread between them on the Aster vs BingX page.

Open the live scanner →All funding rates Funding by exchange How we calculate this