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 | -0.0014%≈ -12.2% APR | -0.0010%≈ -1.1% APR | +0.0041%≈ 4.5% APR | -0.0057%≈ -6.2% APR | +0.0004%≈ 3.5% APR |
| ETH | +0.0006%≈ 5.3% APR | -0.0105%≈ -11.5% APR | -0.0024%≈ -2.6% APR | -0.0092%≈ -10.1% APR | +0.0001%≈ 0.9% APR |
| SOL | +0.0010%≈ 8.5% APR | +0.0051%≈ 5.6% APR | -0.0037%≈ -4.1% APR | +0.0100%≈ 10.9% APR | +0.0012%≈ 10.5% APR |
| XRP | +0.0001%≈ 1.2% APR | +0.0023%≈ 2.6% APR | -0.0025%≈ -2.7% APR | +0.0100%≈ 11.0% APR | -0.0014%≈ -12.3% APR |
| DOGE | +0.0005%≈ 4.4% APR | +0.0014%≈ 1.5% APR | -0.0019%≈ -2.0% APR | -0.0027%≈ -2.9% APR | +0.0012%≈ 10.5% APR |
| WIF | +0.0013%≈ 11.0% APR | +0.0100%≈ 11.0% APR | +0.0100%≈ 11.0% APR | — | +0.0012%≈ 10.5% APR |
| PEPE | -0.0044%≈ -38.6% APR | -0.0173%≈ -18.9% APR | +0.0100%≈ 11.0% APR | +0.0100%≈ 11.0% APR | +0.0012%≈ 10.5% APR |
| HYPE | +0.0013%≈ 11.0% APR | +0.0008%≈ 0.9% APR | +0.0007%≈ 0.7% APR | — | +0.0012%≈ 10.5% 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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