Funding Rate Arbitrage
Funding arbitrage screener: compare rates and payout intervals for two perps of the same asset on different exchanges. Collection every 10 min.
Delta-neutral, not risk-free: funding can flip, and you need margin on both legs (liquidation risk on either exchange). Yields are annualized from the current funding spread and change every funding interval.
Funding pairs across exchanges
LIVEBoth legs of every pair use rates from the same moment. The spread is the hourly funding rate of the short leg minus the long leg; the annual figure is the hourly spread × 8760 at the rates shown. The result covers 30 days on 5,000 USDT per leg with the venues’ public taker fees; the order-book spread and slippage on execution are not included.
| Coin | Long | Short | Spread per hour | Annual (hourly × 8760) | Status | Result for 30 days |
|---|---|---|---|---|---|---|
| ORDER | MEXC ORDER_USDT | OKX ORDER-USDT-SWAP | +0.103335%/h | ≈ +905.21% APR | from known costs | +3,881.24 USDT |
| TMX | Bybit TMXUSDT | Aster TMXUSDT | +0.106315%/h | ≈ +931.32% APR | from known costs | +3,807.21 USDT |
| BIRB | Bybit BIRBUSDT | Binance BIRBUSDT | +0.101561%/h | ≈ +889.68% APR | from known costs | +3,758.36 USDT |
| ERA | Bitget ERAUSDT | BingX ERA-USDT | +0.104700%/h | ≈ +917.17% APR | from known costs | +3,743.82 USDT |
| AXIS | BingX AXIS-USDT | Aster AXISUSDT | +0.105646%/h | ≈ +925.46% APR | from known costs | +3,677.11 USDT |
| ANIME | BingX ANIME-USDT | Bitget ANIMEUSDT | +0.090175%/h | ≈ +789.93% APR | from known costs | +3,270.58 USDT |
| BMT | MEXC BMT_USDT | Gate.io BMT_USDT | +0.085800%/h | ≈ +751.61% APR | from known costs | +3,129.44 USDT |
| JCT | BingX JCT-USDT | KuCoin JCTUSDTM | +0.081300%/h | ≈ +712.19% APR | from known costs | +2,916.45 USDT |
| ARK | KuCoin ARKUSDTM | Bybit ARKUSDT | +0.078550%/h | ≈ +688.10% APR | from known costs | +2,796.64 USDT |
| INX | Bybit INXUSDT | Gate.io INX_USDT | +0.077050%/h | ≈ +674.96% APR | from known costs | +2,759.43 USDT |
| STONKS | Gate.io STONKS_USDT | Aster STONKSUSDT | +0.074683%/h | ≈ +654.22% APR | from known costs | +2,674.31 USDT |
| DNA | MEXC DNA_USDT | Aster DNAUSDT | +0.066410%/h | ≈ +581.75% APR | from known costs | +2,384.42 USDT |
| LA | KuCoin LAUSDTM | BingX LA-USDT | +0.066025%/h | ≈ +578.38% APR | from known costs | +2,366.04 USDT |
| BTW | Gate.io BTW_USDT | Bybit BTWUSDT | +0.064013%/h | ≈ +560.75% APR | from known costs | +2,229.55 USDT |
| IN | MEXC IN_USDT | Gate.io IN_USDT | +0.061000%/h | ≈ +534.36% APR | from known costs | +2,220.94 USDT |
| XCN | Bybit XCNUSDT | Gate.io XCN_USDT | +0.040506%/h | ≈ +354.83% APR | from known costs | +1,445.19 USDT |
| CAT | Bybit 1000CATUSDT | Aster 1000CATUSDT | +0.040247%/h | ≈ +352.57% APR | from known costs | +1,439.35 USDT |
| TREE | MEXC TREE_USDT | Aster TREEUSDT | +0.036585%/h | ≈ +320.48% APR | from known costs | +1,305.86 USDT |
| IOST | Bybit IOSTUSDT | Aster IOSTUSDT | +0.032866%/h | ≈ +287.91% APR | from known costs | +1,175.83 USDT |
| BLUAI | MEXC BLUAI_USDT | KuCoin BLUAIUSDTM | +0.032500%/h | ≈ +284.70% APR | from known costs | +1,162.02 USDT |
| MITO | MEXC MITO_USDT | Gate.io MITO_USDT | +0.032175%/h | ≈ +281.85% APR | from known costs | +1,153.44 USDT |
| POWER | KuCoin POWERUSDTM | Gate.io POWER_USDT | +0.031763%/h | ≈ +278.24% APR | from known costs | +1,128.57 USDT |
| BULLA | Aster BULLAUSDT | MEXC BULLA_USDT | +0.030427%/h | ≈ +266.54% APR | from known costs | +1,085.32 USDT |
| ARPA | Gate.io ARPA_USDT | MEXC ARPA_USDT | +0.029900%/h | ≈ +261.92% APR | from known costs | +1,066.82 USDT |
| IRYS | KuCoin IRYSUSDTM | MEXC IRYS_USDT | +0.027900%/h | ≈ +244.40% APR | from known costs | +995.80 USDT |
| KAT | MEXC KAT_USDT | Gate.io KAT_USDT | +0.026400%/h | ≈ +231.26% APR | from known costs | +940.08 USDT |
| ZBT | Bybit ZBTUSDT | Bitget ZBTUSDT | +0.026206%/h | ≈ +229.57% APR | from known costs | +931.56 USDT |
| HANA | KuCoin HANAUSDTM | BingX HANA-USDT | +0.025250%/h | ≈ +221.19% APR | from known costs | +898.08 USDT |
| ZORA | Aster ZORAUSDT | BingX ZORA-USDT | +0.023690%/h | ≈ +207.52% APR | from known costs | +843.89 USDT |
| BLUR | Gate.io BLUR_USDT | Bitget BLURUSDT | +0.023350%/h | ≈ +204.55% APR | from known costs | +825.72 USDT |
Pairs not shown here: 581. Any of them can be picked in the calculator.
Pairs outside the list without usable data: 7.
Scenario for the top pair
ORDER · long MEXC ORDER_USDT · short OKX ORDER-USDT-SWAP · 5,000 per leg · 30 days
Result from known costs
Some costs are unknown, so the total is incomplete. Missing:
- Execution costs (spread and slippage) are not estimated.
- The fee is a baseline value, not a verified fee of the venue or of your account.
Result from known costs
+3,465.41 USDT
30d
Rates
- Rate spread per hour
- +0.095644%/h
- Spread, annualized
- ≈ +837.84% APR
| Instrument | Rate per period | Rate kind | Per hour | Annual (hourly × 8760) | Who pays | Next settlement |
|---|---|---|---|---|---|---|
| ORDER_USDT · MEXC | -0.657500% per 1h | current, accruing | -0.657500%/h | ≈ −5,759.70% APR | long receives | from exchange data |
| ORDER-USDT-SWAP · OKX | -0.561856% per 1h | current, accruing | -0.561856%/h | ≈ −4,921.86% APR | short pays | from exchange data |
- Annual = hourly rate × 8760 h — the rate shown, stretched over a year.
Costs and result
- Funding over 30d
- +3,472.40 USDT
- Trading fee, MEXC, entry
- −1.00 USDT taker · 0.0200% · venue public base fee
- Trading fee, MEXC, exit
- −1.00 USDT taker · 0.0200% · venue public base fee
- Trading fee, OKX, entry
- −2.50 USDT taker · 0.0500% · base fee, not your account’s verified fee
- Trading fee, OKX, exit
- −2.50 USDT taker · 0.0500% · base fee, not your account’s verified fee
- Spread and slippage, MEXC, entry
- —Execution costs (spread and slippage) are not estimated.
- Spread and slippage, MEXC, exit
- —Execution costs (spread and slippage) are not estimated.
- Spread and slippage, OKX, entry
- —Execution costs (spread and slippage) are not estimated.
- Spread and slippage, OKX, exit
- —Execution costs (spread and slippage) are not estimated.
- Result from known costs
- +3,465.41 USDT
Break-even
- Calendar break-even
- Oct 24, 2026 21:00 MSK (18:00 UTC)
- Approximation: costs ÷ daily funding flow
- ≈ 0.06 days
- Funding spread to break even over 30d
- 0.004662%/day
- Break-even uses known costs only, so it is not the full break-even.
Rate history
- Full history since
- Payments in history
- 0
- History coverage
- 0.00%
| Window | Status | Mean spread (time-weighted) | Sum of settled rates | Share of positive periods | Sign changes | Payments · coverage | Reasons |
|---|---|---|---|---|---|---|---|
| 24 h | from known costs | -0.029869%/h | —Rates are unknown for part of the period: the metric uses known values only. | —Rates are unknown for part of the period: the metric uses known values only. | —Rates are unknown for part of the period: the metric uses known values only. | 0 · 0.00% | Rates are unknown for part of the period: the metric uses known values only.; There is not enough rate history for this metric. |
| 7 days | from known costs | -0.007054%/h | —Rates are unknown for part of the period: the metric uses known values only. | —Rates are unknown for part of the period: the metric uses known values only. | —Rates are unknown for part of the period: the metric uses known values only. | 0 · 0.00% | Rates are unknown for part of the period: the metric uses known values only. |
| 30 days | from known costs | +0.000006%/h | —Rates are unknown for part of the period: the metric uses known values only. | —Rates are unknown for part of the period: the metric uses known values only. | —Rates are unknown for part of the period: the metric uses known values only. | 0 · 0.00% | Rates are unknown for part of the period: the metric uses known values only. |
| 90 days | from known costs | +0.000006%/h | —Rates are unknown for part of the period: the metric uses known values only. | —Rates are unknown for part of the period: the metric uses known values only. | —Rates are unknown for part of the period: the metric uses known values only. | 0 · 0.00% | Rates are unknown for part of the period: the metric uses known values only.; There is not enough rate history for this metric. |
- The funding path is hypothetical: fixed size, no price changes, fees or liquidations.
Data and assumptions
- MEXC rate
- OKX rate
- Valid until
- MEXC: The venue does not document whether this is the current rate or a forecast: the kind is determined from its actual data.
- MEXC: The interval unit is inferred from settlement history: the venue does not state it.
- The pair’s rates come from the shared list update and were not rechecked separately.
- A payment at the opening moment is outside the period; a payment at the closing moment is inside.
- Quantity = notional ÷ the higher of the leg prices.
- The price funding is calculated from does not change until the payment.
- The current rate stays unchanged in repeats.
- The funding interval does not change.
- Capital is already on the venues: no entry transfer; return and rebalancing are not included.
- The exit price equals the current price: exit notional and fee are as of now.
- Margin equals the leg notional (1× leverage).
- Reserve on the venue is 0.
- Margin equals the leg notional (1× leverage).
- Reserve on the venue is 0.
Each button opens one leg of this calculation on its venue.
How funding rate arbitrage works
A perpetual futures contract pays a periodic funding rate between longs and shorts. When two exchanges show different funding rates for the same coin, you can go long where funding is low (or negative) and short where it is high — staying delta-neutral on price while collecting the funding spread. Yieldo scans live rates across all supported exchanges and ranks the best long/short pairs after fees.
Related Pages
FAQ
Funding Rate Arbitrage FAQ
What is funding rate arbitrage?
It is a delta-neutral strategy: you open a long position where the perpetual funding rate is low or negative and a short of the same size where funding is high. Price moves cancel out, and you collect the difference in funding payments.
Is funding arbitrage risk-free?
No. It is market-neutral, not risk-free. Funding rates can flip before the next payment, both legs require margin (liquidation risk), and exchange or transfer issues can break the hedge. Treat the annualized yield as indicative, not guaranteed.
How is the annualized yield calculated?
We take the current funding-rate spread between the two exchanges and annualize it by the number of funding intervals per year for each contract. Actual returns depend on how long the spread persists.
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