XPD Funding Rate — live across 9 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized XPD perpetual funding across all 9 venues Perpia tracks. Right now XPD funding is positive on 6 and negative on 0, ranging from +35.6% on Hyperliquid to +0.0% on Variational — a spread of 35.6%. The widest delta-neutral trade is long OKX / short Hyperliquid at 32.7% net APR.
XPD funding rate by venue
23 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Hyperliquid | +35.6% | 1h |
| trade.xyz | +35.5% | 1h |
| Bitget | +19.9% | 4h |
| Gate.io | +10.9% | 4h |
| Ostium | +9.9% | 1h |
| GMTrade | +0.3% | 1h |
| OKX | +0.0% | 8h |
| MEXC | +0.0% | 8h |
| Variational | +0.0% | 4h |
Rates annualized; updated ~every few minutes from live venue data.
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XPD funding — FAQ
Is XPD funding positive right now?
XPD perpetual funding is positive on 6 of 9 venues Perpia tracks. The highest is +35.6% on Hyperliquid; the lowest is +0.0% on Variational.
What is the best XPD funding arbitrage right now?
Go long OKX and short Hyperliquid for about 32.7% net APR after fees — the widest delta-neutral XPD spread Perpia currently sees.
Which exchange has the highest XPD funding rate?
Hyperliquid, at +35.6% annualized. Funding shifts continuously, so check the live table above before trading.
How XPD 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.