Funding rates
Perp funding rates across venues
Current funding per interval and annualized equivalent for each venue. Positive = longs pay shorts; negative = shorts pay longs. Persistent gaps between venues are the raw material of funding arbitrage.
| Asset | Hyperliquid (1h)Live | Binance (8h)Live | Bybit (8h)Live | Phemex (8h)Live | Lighter (1h)Live |
|---|---|---|---|---|---|
| BTC | +0.0013%≈ 11.0% APR | +0.0027%≈ 3.0% APR | +0.0074%≈ 8.1% APR | +0.0040%≈ 4.4% APR | +0.0012%≈ 10.5% APR |
| ETH | +0.0013%≈ 11.0% APR | +0.0037%≈ 4.1% APR | -0.0031%≈ -3.4% APR | +0.0006%≈ 0.7% APR | +0.0012%≈ 10.5% APR |
| SOL | +0.0010%≈ 9.1% APR | -0.0042%≈ -4.6% APR | -0.0017%≈ -1.8% APR | +0.0056%≈ 6.1% APR | +0.0000%≈ 0.0% APR |
| XRP | +0.0011%≈ 9.7% APR | -0.0058%≈ -6.3% APR | -0.0089%≈ -9.7% APR | +0.0019%≈ 2.0% APR | +0.0012%≈ 10.5% APR |
| DOGE | +0.0013%≈ 11.0% APR | +0.0047%≈ 5.2% APR | -0.0068%≈ -7.5% APR | +0.0100%≈ 11.0% APR | +0.0012%≈ 10.5% APR |
| WIF | +0.0004%≈ 3.4% APR | -0.0054%≈ -5.9% APR | +0.0100%≈ 11.0% APR | — | +0.0012%≈ 10.5% APR |
| PEPE | +0.0013%≈ 11.0% APR | +0.0056%≈ 6.2% APR | +0.0100%≈ 11.0% APR | +0.0100%≈ 11.0% APR | +0.0012%≈ 10.5% APR |
| HYPE | +0.0013%≈ 11.0% APR | +0.0015%≈ 1.6% APR | -0.0078%≈ -8.5% APR | — | +0.0007%≈ 6.1% APR |
Live rates refresh every ~2 minutes from public exchange APIs. “Estimated” columns show typical calm-market placeholders when a venue API is unreachable — verify on the exchange before trading. Not financial advice.
Trade funding differentials
Cross-venue funding gaps can be harvested delta-neutral — long on the cheap venue, short on the expensive one. Model the round-trip fees first with the calculators below.
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