Funding rate arbitrage screener

Delta-neutral pairs across 18 perp DEXs and CEXs: long where funding is cheap, short where it pays. Net APR is after taker fees.

· refreshed every 5 min

Best steady spread · 7d
302%AGENCY · long Gate, short MEXC · net 297%
Pairs
611210 steady · 359 above 10% APR
Coverage
18 venues
  • 6311 markets
  • 1368 coins
Median spread · 7d
13.0%best pair per coin, OI ≥ $50k

Top steady pairs

14-day hold, 3× leverage, after taker fees.All pairs ↓
  1. LongGateCEXShortMEXCCEX
    302%7d spread APR
    Net, 14d
    297%
    $/day per $10k
    $81.46
    Breakeven
    0.2d
  2. LongGateCEXShortAster
    124%7d spread APR
    Net, 14d
    118%
    $/day per $10k
    $32.37
    Breakeven
    0.7d
  3. LongGateCEXShortMEXCCEX
    104%7d spread APR
    Net, 14d
    98.7%
    $/day per $10k
    $27.05
    Breakeven
    0.7d
  4. LongVariationalShortGateCEX
    80.3%7d spread APR
    Net, 14d
    76.4%
    $/day per $10k
    $20.92
    Breakeven
    0.7d
Filters
Venues17/18
Venues
Reset
Showing 100 of 611sorted by ScoreRankings are never paid for
Funding spreads, annualized: short-leg rate minus long-leg rate.
Spread APRAfter taker feesQuality
7d trendFlagsOpen
AGENCYlong Gate, short MEXCGateCEXMEXCCEX32.9%30.9%302%—297%446%0.2dsteady$62kGtMx
LUNClong MEXC, short BinanceMEXCCEXBinanceCEX215%195%199%78.7%196%293%0.3dnew$3.9MMxBn
ORCAlong Variational, short AsterVariationalAster0.0%−0.8%162%33.3%160%240%0.2dcooling$104kspread not incl.VaAs
ARKlong Variational, short BitgetVariationalBitgetCEX0.0%0.0%147%206%144%216%0.3dcooling$73kspread not incl.VaBg
RLClong Gate, short AsterGateCEXAster16.1%71.1%124%—118%177%0.7dsteady$80kGtAs
PODlong Gate, short AsterGateCEXAster0.0%0.0%208%—202%303%0.4dcooling$7klow OI4h/1hGtAs
AINlong Gate, short MEXCGateCEXMEXCCEX37.4%26.2%104%55.5%98.7%148%0.7dsteady$502kGtMx
SIGNlong Variational, short GateVariationalGateCEX123%71.3%80.3%58.9%76.4%115%0.7dsteady$129kspread not incl.VaGt
SECZlong Gate, short BitgetGateCEXBitgetCEX357%20.0%82.1%53.0%75.0%113%1.2dsteady$58kGtBg
Slong Variational, short BinanceVariationalBinanceCEX10.3%45.4%76.2%70.7%73.6%110%0.5dsteady$914kspread not incl.VaBn
STEEMlong Bybit, short BitgetBybitCEXBitgetCEX0.0%−0.5%78.7%40.4%72.7%109%1.1dcooling$340kByBg
GRVTlong Variational, short GRVTVariationalGRVT47.3%55.2%74.9%53.5%72.6%109%0.4dsteady$331kspread not incl.VaGr
GPlong MEXC, short GateMEXCCEXGateCEX−32.9%184%147%−3.2%142%213%0.5dcooling$41klow OIMxGt
UPlong Gate, short AsterGateCEXAster0.0%104%146%10.4%140%209%0.6dcooling$50klow OI4h/1hGtAs
BWETlong Bitget, short GateBitgetCEXGateCEX−156%−16.2%75.0%59.4%68.0%102%1.3dcooling$388kBgGt
RIVERlong Lighter, short GateLighterGateCEX0.4%64.9%71.6%33.8%67.7%101%0.8dsteady$225k1h/4hLiGt
FLORKlong Gate, short AsterGateCEXAster0.0%0.0%134%102%128%193%0.6dcooling$44klow OI4h/1hGtAs
RAYlong Variational, short GateVariationalGateCEX1.5%39.2%65.9%35.5%62.0%93.0%0.8dsteady$706kspread not incl.VaGt
DRVlong Aster, short LighterAsterLighter−443%−27.6%63.9%—61.8%92.7%0.5dnew$67kAsLi
TRUSTlong Variational, short MEXCVariationalMEXCCEX0.0%0.0%124%−19.3%123%185%0.1dcooling$33klow OIspread not incl.VaMx
AGPUlong Gate, short BitgetGateCEXBitgetCEX0.0%0.0%65.3%46.3%58.3%87.4%1.5dcooling$111kGtBg
ESPlong Bybit, short BitgetBybitCEXBitgetCEX0.0%0.0%63.6%16.5%57.6%86.5%1.3dcooling$1.3MByBg
KSMlong Variational, short GateVariationalGateCEX86.8%74.2%60.7%80.7%56.8%85.2%0.9dsteady$84kspread not incl.VaGt
LAlong Bybit, short BinanceBybitCEXBinanceCEX1013%225%60.2%4.7%54.8%82.1%1.3dnew$2.6MByBn
GTClong Binance, short AsterBinanceCEXAster0.0%7.9%58.7%28.3%54.0%81.0%1.1dcooling$69kBnAs
MINAlong Binance, short VariationalBinanceCEXVariational57.2%21.9%56.0%39.2%53.4%80.2%0.7dsteady$336k8h/4hspread not incl.BnVa
NMRlong Variational, short LighterVariationalLighter−0.4%−0.4%104%32.9%104%155%<0.1dmixed$52k4h/1hspread not incl.VaLi
USlong Gate, short AsterGateCEXAster−28.2%−60.4%56.1%47.2%50.1%75.2%1.5dcooling$215kGtAs
ARGUSlong Gate, short MEXCGateCEXMEXCCEX427%170%192%159%187%281%0.4dsteady$19klow OIGtMx
JASMYlong Variational, short BitgetVariationalBitgetCEX8.9%60.0%49.7%58.9%46.5%69.8%0.9dsteady$317kspread not incl.VaBg
SYNlong Binance, short AsterBinanceCEXAster54.8%34.8%51.2%40.7%46.5%69.7%1.3dsteady$3.1MBnAs
SIRENlong Bitget, short GateBitgetCEXGateCEX82.1%53.1%53.4%50.6%46.3%69.5%1.8dsteady$670kBgGt
ZCATlong Gate, short MEXCGateCEXMEXCCEX32.9%10.4%50.7%28.9%45.7%68.6%1.4dsteady$106kGtMx
STXlong Variational, short HyperliquidVariationalHyperliquid49.8%57.7%47.6%42.4%45.3%67.9%0.7dsteady$1.1M8h/1hspread not incl.VaHy
OGNlong MEXC, short AsterMEXCCEXAster149%110%93.4%22.6%90.3%135%0.5dsteady$17klow OIMxAs
KIIlong Gate, short MEXCGateCEXMEXCCEX0.0%0.0%49.5%32.3%44.5%66.8%1.4dcooling$172kGtMx
CVClong Variational, short MEXCVariationalMEXCCEX0.0%−4.0%89.2%17.9%88.1%132%0.2dcooling$26klow OI8h/4hspread not incl.VaMx
KOMAlong Variational, short AsterVariationalAster0.0%−18.3%45.6%62.0%43.5%65.3%0.6dcooling$52kspread not incl.VaAs
CHRlong Bybit, short BitgetBybitCEXBitgetCEX0.0%0.0%48.8%4.4%42.8%64.2%1.7dcooling$328kByBg
BARDlong GRVT, short BinanceGRVTBinanceCEX74.2%51.9%46.0%19.0%41.1%61.6%1.5dsteady$125kGrBn
CNPYlong Gate, short MEXCGateCEXMEXCCEX39.2%10.3%45.4%−11.6%40.4%60.6%1.5dsteady$155kGtMx
FOLKSlong Variational, short LighterVariationalLighter−0.4%2.2%80.7%102%80.7%121%<0.1dcooling$33klow OI4h/1hspread not incl.VaLi
OPGlong Bybit, short AsterBybitCEXAster82.4%38.4%45.0%25.9%40.1%60.1%1.5dsteady$502kByAs
LYNlong Aster, short BitgetAsterBitgetCEX0.0%0.0%45.0%−26.3%39.8%59.7%1.6dcooling$372kAsBg
BASECATlong Gate, short AsterGateCEXAster11.1%45.8%45.6%43.6%39.6%59.4%1.8dsteady$99k4h/1hGtAs
ZILlong Gate, short AsterGateCEXAster0.0%0.0%45.2%65.1%39.2%58.9%1.9dcooling$79kGtAs
SANDlong Gate, short AsterGateCEXAster10.2%54.6%44.8%10.5%38.8%58.2%1.9dsteady$91kGtAs
XDPlong Aster, short BybitAsterBybitCEX246%51.7%82.2%89.8%77.3%116%0.8dsteady$48klow OI1h/4hAsBy
DOSlong Bitget, short AsterBitgetCEXAster72.8%59.7%42.6%25.0%37.4%56.0%1.7dsteady$803kBgAs
STBLlong Lighter, short AsterLighterAster112%40.4%38.9%35.5%36.9%55.3%0.7dsteady$65k1h/4hLiAs
ZKClong Variational, short BitgetVariationalBitgetCEX0.0%−1.4%76.3%6.6%73.2%110%0.6dcooling$9klow OIspread not incl.VaBg
WLFIlong Variational, short AsterVariationalAster42.9%15.9%38.1%18.6%36.0%54.1%0.8dsteady$376kspread not incl.VaAs
NOTlong Variational, short BinanceVariationalBinanceCEX0.0%0.5%38.4%33.8%35.8%53.7%1.0dcooling$110kspread not incl.VaBn
LAPTOPlong Gate, short AsterGateCEXAster0.0%−77.9%76.1%−21.5%70.1%105%1.1dcooling$14klow OI4h/1hGtAs
ZESTlong Bybit, short GateBybitCEXGateCEX38.1%79.3%40.4%−5.8%33.6%50.4%2.3dsteady$1.4M4h/1hByGt
B3long MEXC, short AsterMEXCCEXAster212%76.0%69.2%203%66.1%99.1%0.6dsteady$1klow OI4h/1hMxAs
CARVlong Variational, short BybitVariationalBybitCEX0.0%0.0%68.1%13.6%65.2%97.9%0.6dcooling$5klow OIspread not incl.VaBy
BONKlong Nado, short LighterNadoLighter44.0%36.6%34.3%23.8%32.5%48.7%0.7dsteady$110kNaLi
PAIRlong Aster, short GateAsterGateCEX0.0%154%70.0%11.2%64.0%96.1%1.2dcooling$15klow OI1h/4hAsGt
PROMlong Aster, short BitgetAsterBitgetCEX41.9%12.2%36.6%25.7%31.4%47.1%2.0dsteady$186kAsBg
SKLlong Gate, short BybitGateCEXBybitCEX0.0%10.9%36.7%21.6%29.9%44.9%2.6dcooling$216k4h/8hGtBy
METlong MEXC, short LighterMEXCCEXLighter63.9%56.8%30.8%11.0%29.7%44.6%0.5dsteady$138k4h/1hMxLi
BONERlong Gate, short MEXCGateCEXMEXCCEX21.7%18.3%64.1%73.8%59.1%88.7%1.1dsteady$42klow OIGtMx
UMAlong Aster, short BitgetAsterBitgetCEX106%38.2%63.8%17.9%58.6%87.9%1.1dsteady$11klow OIAsBg
CHIPlong Aster, short NadoAsterNado81.2%49.6%33.0%25.4%29.1%43.7%1.7dsteady$114k4h/1hAsNa
MANAlong Variational, short AsterVariationalAster62.1%55.7%59.9%68.9%57.8%86.7%0.5dsteady$41klow OIspread not incl.VaAs
ERAlong Variational, short BitgetVariationalBitgetCEX−41.9%93.6%60.7%18.2%57.6%86.3%0.7dcooling$26klow OIspread not incl.VaBg
ONTlong Bybit, short GateBybitCEXGateCEX0.0%−0.6%35.1%9.6%28.3%42.5%2.7dcooling$263kByGt
ACNlong Gate, short AsterGateCEXAster−40.0%−12.9%34.3%19.0%28.3%42.4%2.4dcooling$118kGtAs
AIXBTlong Variational, short BitgetVariationalBitgetCEX42.9%34.4%30.8%28.7%27.7%41.5%1.4dsteady$92kspread not incl.VaBg
STONKSlong Aster, short GateAsterGateCEX0.0%329%116%26.2%110%165%0.7dspike ×4.1$19klow OI1h/4hAsGt
CATElong Gate, short AsterGateCEXAster0.0%0.0%33.4%74.7%27.4%41.1%2.5dcooling$79k4h/1hGtAs
Tlong Gate, short BinanceGateCEXBinanceCEX88.5%42.0%33.9%10.7%27.3%41.0%2.7dnew$144kGtBn
THETAlong Variational, short AsterVariationalAster19.7%2.1%56.4%68.1%54.3%81.5%0.5dsteady$10klow OIspread not incl.VaAs
API3long Aster, short BitgetAsterBitgetCEX61.6%39.6%56.9%18.3%51.7%77.5%1.3dsteady$4klow OIAsBg
POWERlong Bitget, short AsterBitgetCEXAster21.1%18.6%31.0%23.9%25.7%38.6%2.4dsteady$93kBgAs
PIPPINlong Bybit, short BitgetBybitCEXBitgetCEX−18.8%−9.2%31.0%27.3%25.0%37.5%2.7dcooling$1.5MByBg
POWRlong Bybit, short GateBybitCEXGateCEX−119%−41.9%31.7%43.0%24.9%37.3%3.0dcooling$52kByGt
STONKlong Bitget, short LighterBitgetCEXLighter25.8%89.1%51.5%38.1%48.4%72.6%0.9dsteady$411k4h/1hBgLi
PONSlong Lighter RH, short AsterLighter RHAster11.8%23.6%25.7%5.2%23.6%35.4%1.1dsteady$545k1h/4hLrAs
RVNlong Gate, short BitgetGateCEXBitgetCEX−54.6%1.4%30.6%0.6%23.6%35.3%3.2dcooling$138k8h/4hGtBg
CARDSlong Gate, short AsterGateCEXAster0.0%4.0%52.0%115%46.0%69.1%1.6dcooling$48klow OI4h/1hGtAs
GMTlong Gate, short HyperliquidGateCEXHyperliquid75.2%43.2%29.0%10.1%22.7%34.1%3.0dsteady$119k8h/1hGtHy
LITlong Bybit, short RISExBybitCEXRISEx−11.0%35.6%27.1%24.0%22.7%34.0%2.3dcooling$1.1M4h/1hByRx
龙虾long Binance, short AsterBinanceCEXAster17.8%6.0%27.3%46.6%22.6%33.9%2.4dsteady$3.1MBnAs
QNTlong Binance, short BybitBinanceCEXBybitCEX−16.4%1.9%27.8%18.8%22.3%33.4%2.8dcooling$20.8MBnBy
XVSlong Gate, short BitgetGateCEXBitgetCEX68.2%24.7%29.2%16.2%22.1%33.2%3.4dsteady$54kGtBg
BLUAIlong Gate, short BybitGateCEXBybitCEX0.0%−3.2%28.9%29.7%22.1%33.1%3.3dcooling$490kGtBy
ICPlong Variational, short HyperliquidVariationalHyperliquid0.0%13.8%24.3%30.1%22.0%32.9%1.4dcooling$1.7M8h/1hspread not incl.VaHy
CASHCATlong Lighter RH, short LighterLighter RHLighter17.5%15.0%21.9%16.3%21.9%32.9%<0.1dsteady$207kLrLi
CROlong Variational, short BitgetVariationalBitgetCEX0.0%0.0%24.6%13.2%21.5%32.3%1.8dcooling$98kspread not incl.VaBg
PAIDlong MEXC, short GateMEXCCEXGateCEX35.7%32.0%26.4%−108%21.4%32.2%2.6dsteady$182kMxGt
SOLlong Lighter, short GRVTLighterGRVT0.4%0.1%23.8%7.7%21.4%32.2%1.4dsteady$23.5M1h/8hLiGr
IRYSlong Bybit, short BinanceBybitCEXBinanceCEX9.7%15.2%26.8%3.1%21.4%32.0%2.9dsteady$857kByBn
Mlong Binance, short VariationalBinanceCEXVariational0.0%0.0%23.8%2.9%21.2%31.8%1.5dcooling$73kspread not incl.BnVa
CAPlong Lighter, short BinanceLighterBinanceCEX45.6%42.1%23.7%18.3%21.1%31.7%1.5dsteady$111k1h/4hLiBn
LABlong Gate, short AsterGateCEXAster16.9%9.0%26.8%21.7%20.9%31.3%3.1dsteady$52kGtAs
BRlong Bybit, short AsterBybitCEXAster0.0%−7.8%25.7%29.8%20.7%31.1%2.7dcooling$73kByAs
INJlong Variational, short MEXCVariationalMEXCCEX17.2%16.7%21.8%20.4%20.7%31.1%0.7dsteady$399kspread not incl.VaMx
MONlong Nado, short RISExNadoRISEx19.0%22.7%23.5%—20.1%30.2%2.0dnew$73kNaRx

Showing the top 100 rows. Enable JavaScript to see all rows and sort the table.

↗ buttons open the exchange; some are referral links and we may earn a commission at no extra cost to you.

What the columns and badges mean
now
Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h
Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d
Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d
Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend
Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR
7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital
Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven
Days of 7d-average funding needed to pay back open+close taker fees.
Min OI
Smaller open interest of the two legs, USD.
steady
Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike
The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed
The spread was negative too often: not negative in only X% of hours over 7 days.
new
Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak
Prior-week spread under 5% APR: too small to call steady.
cooling
The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?
Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale
At least one leg has not updated for over 30 minutes.
low OI
Open interest under $50k on at least one leg — size carefully.
8h/1h
Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi
Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only
Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.
A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX
Centralized exchange: trading needs an account with identity verification (KYC).