Funding arbitrage guides

1. Funding rate arbitrage: a practical guide

   The same coin often pays different funding on different venues. A long where funding is low and a short where it is high collect the difference, minus fees.

   7 min read

2. What is a funding rate?

   Every perpetual future has a funding rate, and it decides who pays whom while you hold a position. Here is how it works and how to turn any venue's rate into one number you can compare.

   6 min read

3. How to pick a funding arbitrage pair

   A 120% APR row at the top of a screener is a question, not an answer. These nine checks, each tied to a column or badge you can see, separate a spread that has held up from one that only looks good for a day.

   7 min read

4. Funding arbitrage risks

   A long/short funding pair removes most price risk, not all risk. Here is each way the trade breaks, what it can cost in dollars, and what limits the damage.

   7 min read

5. Funding on DEXs and CEXs: what is different

   Hyperliquid and Binance use the same funding formula, yet a pair across them settles on different clocks, under different caps and fees. Here is what changes the arithmetic, with a worked example.

   7 min read

6. Cross-exchange price spreads on perpetual futures

   The same perp rarely trades at exactly the same price on every venue. This guide shows how to measure the gap, what it costs to trade it, and why most gaps on a screen are gone by the time your order arrives.

   7 min read

7. Delta-neutral points farming on perp DEXs

   Many perp DEXs reward trading with points before they launch a token. A hedged pair across two venues keeps most of the price risk out and turns those points into a cost you can measure.

   7 min read

Funding rates change all the time. Examples in this guide are hypothetical; not investment advice.