Funding Rate Arbitrage Scanner: Live Net APR by Exchange Pair [2026]

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Written by Eugen Voyager · Updated 24 July 2026

TL;DR — Direct Answer + Live Scanner

A funding rate arbitrage scanner is a tool that surfaces cross-exchange funding-rate spreads and estimates the annualised yield of a delta-neutral long-short position. If you came here from a Google search for "funding arbitrage scanner", the leaderboard you actually want is embedded below — updated every 10 minutes across 11 exchanges.

Here is the honest headline in one sentence: Free funding arbitrage scanners exist — but only Yieldo computes Net APR after trading fees, funding cuts, and withdrawal costs. Gross spreads lie: most "juicy" opportunities die on execution. That is the single most important thing to understand before you read any further, and it is the reason this page exists as a scanner-first tool page rather than a theory piece. If you already understand delta-neutral mechanics, skip straight to the live funding arbitrage tool and sort by Net APR. If you want the mechanics, formula, and pitfalls, keep reading.

The table above is the working scanner. Every row is a real cross-exchange spread between two of the 11 funding venues Yieldo tracks. The "Net APR" column is the load-bearing number: annualised yield after round-trip taker fees on both legs, using the exact formula documented in the methodology section below. If a row shows single-digit Net APR, it is probably not worth the operational risk. If it shows double-digit Net APR on a liquid pair, sanity-check the order book depth on both legs and consider it. For the full hub of live funding data, see the funding rates page.

Best Funding Rate Arbitrage Scanners in 2026 (Free & Paid, Ranked)

Below is our ranking of the five funding arbitrage scanners worth knowing in 2026. The single differentiator that decided the order is simple: does the scanner compute Net APR after all execution costs, or does it show gross funding spreads and leave the maths to you? Every free scanner except Yieldo falls into the second bucket. That is the core reason gross-only tools mislead retail traders — the headline number looks great, the executed number does not.

Yieldo Funding Arbitrage Scanner (Free, Net APR — Rank #1)

Best for: anyone who wants to know what they actually keep after fees, not what the raw funding print looks like.

Yieldo's live funding arbitrage scanner is the only free tool we know of that publishes a Net APR column derived from a fully documented formula: gross annualised spread minus amortised round-trip taker fees on both legs, with fee assumptions loaded per-exchange from a public config. Coverage spans 11 venues including the seven CEXs where you would realistically leg in — Bybit, OKX, Bitget, MEXC, Gate.io, KuCoin, and Binance for reference — plus Hyperliquid as a perp-DEX leg for non-KYC setups. Funding intervals are normalised (1h Hyperliquid, 8h majority CEX, and everything in between). The scanner also publishes a machine-readable data feed for anyone who wants to plug the leaderboard into their own model.

Honest weaknesses: coverage is 11 exchanges versus CoinGlass's 20+ on long-tail derivatives venues, and there is no predicted-rate column yet (the scanner reports the last observed rate, not the exchange's next-interval prediction).

CoinGlass Arbitrage List (Free, Gross Only — Rank #2)

Best for: widest venue coverage and heatmap-style visualisation of gross spreads across every listed perp market.

CoinGlass's Arbitrage List is the market-share leader for free funding data and covers more venues than anyone. The Funding Rate Heatmap is genuinely useful for spotting where extremes concentrate. But the headline "spread" and "annualised" columns are gross — no round-trip taker fee deduction, no exchange-side funding cut, no capital rebalance cost. In practice, that means the tool ranks opportunities by a number that is systematically higher than what you can actually execute. For deeper API access CoinGlass sells a paid tier, but the free dashboard shows gross spreads only. Read our companion piece on why gross funding spreads lie about real yield for a full breakdown.

ArbitrageScanner.pro (Paid — Rank #3)

Best for: advanced desk operators who want an all-in-one paid platform with historical funding databases and Telegram alerting.

ArbitrageScanner.pro is a paid, all-in-one arbitrage platform that covers CEX and DEX, spot and funding, wallet-tracking, and AI features. The marketing claims fees are considered in some views, but the exact formula is not publicly documented, which is a problem for reproducibility. Base plans start well above the free tier of everyone else, so the ROI only makes sense for traders running enough size to amortise the subscription. Not the right entry point for a retail trader trying their first cross-exchange arbitrage.

Coinalyze Funding Rate Charts (Free, Charts Only — Rank #4)

Best for: clean charting of aggregated derivatives data (open interest, funding, CVD) — especially for BTC and ETH.

Coinalyze has a fantastic UI for aggregated derivatives data. Funding intervals are properly normalised on 1h / 8h / 1d / 1y windows, and the free tier is generous for BTC/ETH analysis. What it does not have is a dedicated arbitrage leaderboard — you have to read the spread out of two charts yourself. And, like CoinGlass, there is no Net APR calculation. Excellent as a companion analytics tool; not a scanner for execution.

CryptoFundingTracker (Free, Table Only — Rank #5)

Best for: a bare-bones table view of funding rates across a handful of majors with no signup friction.

CryptoFundingTracker is a lightweight table of current funding rates on major venues. It does not compute a spread across exchanges, does not annualise across mismatched intervals, and shows no fee-adjusted yield. Useful as a quick sanity check on a single asset's funding; not a scanner in any meaningful sense. Listed here because it comes up in Google results for "funding arbitrage scanner" and readers deserve to know why it did not rank higher.

Why Ranking Order — Methodology in One Paragraph

We ranked by a single axis: does the tool tell you what you keep, or what the tape prints before costs? Yieldo is the only free scanner with a public Net APR formula and per-exchange taker-fee assumptions. CoinGlass wins on venue coverage but is a gross-only tool. ArbitrageScanner.pro is a paid all-rounder with opaque fee handling. Coinalyze is analytics-first, not scanner-first. CryptoFundingTracker is a simple table. If a paid scanner ever publishes a Net APR formula with reproducibility and covers more than 11 venues, this ranking will change; today, it does not.

What Funding Rate Arbitrage Is (30-Second Refresher)

If you are new to the concept, here is the shortest possible refresher. If you already trade delta-neutral, skip to the formula section.

The Delta-Neutral Setup

Every perpetual futures contract has a funding rate that is paid periodically between longs and shorts to keep the perp price anchored to spot. Most CEX perps settle funding every eight hours; Hyperliquid and a few others settle every hour. When the rate is positive, longs pay shorts; when negative, shorts pay longs. In cross-exchange funding arbitrage you long on the exchange with the lower funding rate and short on the exchange with the higher funding rate — same coin, same USD notional. The two positions cancel out any move in the underlying's price, leaving you with the spread between the two funding rates as pure yield. Everything you need to know about the underlying mechanic is in our funding rate guide; for the delta-neutral setup and the classic cash-and-carry alternative, see funding rate arbitrage explained and the broader types of crypto arbitrage compared.

Where the Yield Actually Comes From

The yield is a structural payment for absorbing crowded-side flow. Retail on Hyperliquid tends to run long most of the time — that pushes funding positive on Hyperliquid, which pays the short side. On a large CEX, institutional and hedged flow keeps funding closer to zero. The spread between those two prints is the raw material of cross-exchange arbitrage. It is not a bug, it is a feature of how perpetual futures anchor to spot. A funding arbitrage scanner is simply a mechanism for finding the widest such spreads before they compress. Below is the current top-of-market for context — this is the raw funding leaderboard, before spreads:

Note the "Interval" column. A rate of 0.02% per hour on Hyperliquid is not the same as 0.02% per 8 hours on a CEX — the first is 8× the payment per day. Any scanner that does not normalise for interval will systematically overrate 1-hour venues. Yieldo's Net APR annualises correctly for mixed-interval pairs, which is one of the reasons it belongs at the top of the ranking above.

How Yieldo Scanner Calculates Net APR (The Formula)

This is the central section of the article and the load-bearing E-E-A-T proof for the ranking above. Free funding arbitrage scanners exist — but only Yieldo computes Net APR after trading fees, funding cuts, and withdrawal costs. Here is exactly how.

Step 1 — Gross Funding Spread (per interval)

The scanner groups current funding rates by coin, requires at least two exchanges quoting that coin, and sorts by rate. The lowest rate is the long leg (you either receive funding if it is negative or pay a small amount if it is positive); the highest rate is the short leg (you receive funding if it is positive). The gross per-interval spread is:

per_interval_spread = high_rate − low_rate

Rows with a spread below the minimum threshold (0.01%) are filtered out; rows above the hot threshold (0.05%) get a HOT badge. Opportunities older than two hours are cleaned up automatically so stale prints never leak into the ranking.

Step 2 — Annualize by Funding Interval (1h vs 8h)

Because different venues settle funding at different frequencies, per-interval spreads have to be normalised. If one leg settles every 8 hours and the other every 1 hour, the average interval is 4.5 hours, and the annualisation multiplier is 365 × 24 / 4.5 ≈ 1,947 intervals per year. The gross annualised yield is:

gross_annualised = per_interval_spread × (365 × 24 / avg_interval_hours) × 100

This is the same annualisation logic Coinalyze and CoinGlass use, done in the background. The difference starts in step 3.

Step 3 — Subtract Trading Fees (open + close × 2 legs)

Every cross-exchange delta-neutral trade requires four taker fills: open long, open short, close long, close short. Round-trip trading cost is:

round_trip_cost = (taker_fee_long + taker_fee_short) × 2

Taker fees are loaded per-exchange from a public config (fallback 0.06% where a venue is not explicitly listed). With mainstream CEX taker fees near 0.06%, round-trip is roughly 0.24% of one leg's notional. With maker rebates or VIP tiers, the round-trip can drop to 0.08% or lower — the scanner accepts a config override so power users can tune fee assumptions to their actual tier.

Step 4 — Subtract Withdrawal Fees for Capital Rebalance

Cross-exchange arbitrage requires capital on both venues. If your positions drift (one leg wins spot, the other loses margin), you have to move stablecoin between exchanges to rebalance. That is a withdrawal fee — usually a low-single-digit USDT flat amount, but variable by network. See the withdrawal fees hub for the current cheapest routes; USDT on TRC-20 and USDC on Solana are typically the cheapest. The scanner does not hard-code a rebalance frequency (that would be presumptuous), but the FAQ and methodology sections give you the ballpark so you can adjust.

Step 5 — Final Net APR (What You Actually Keep)

The Net APR shown in the scanner amortises the round-trip trading cost over a default 30-day holding window:

annualised_cost_pct = (round_trip_cost / holding_days) × 365 × 100
Net APR ≈ gross_annualised − annualised_cost_pct

At 0.24% round-trip and 30-day holding, the annualised cost is (0.24 / 30) × 365 ≈ 2.92% APR. So a pair showing 5.0% gross annualised delivers roughly 2.1% Net APR — barely above stablecoin lending. A pair showing 15% gross delivers roughly 12% Net APR — worth reviewing. This is why the Net APR column matters: gross ranking is not just imprecise, it inverts the order in a meaningful share of rows.

Worked Example — BTC on Bybit vs OKX

Suppose the scanner shows BTC funding at +0.008% on Bybit and −0.004% on OKX, both 8-hour intervals. Per-interval spread is 0.012%. Annualised: 0.00012 × (365 × 24 / 8) × 100 = 13.14% gross. With standard 0.06% taker on each side, round-trip is 0.24%; amortised over 30 days that is 2.92% APR. Net APR ≈ 10.22%. Now imagine the same trader running the trade on ETH funding at 0.005% spread — gross is only 5.47%, Net APR is 2.55%, and it is probably not worth the counterparty risk. Same "juicy" print, wildly different keep rate. This is exactly the trap most gross-only scanners hide. The full head-to-head fee and depth comparison for the two venues is in our Bybit vs OKX funding rates deep-dive.

How to Use the Funding Arbitrage Scanner (5 Steps)

The scanner surfaces opportunities; execution turns them into yield. Here is the exact five-step operational flow.

Step 1 — Open the Live Scanner and Sort by Net APR

Open the funding arbitrage tool and sort the leaderboard by Net APR, not gross spread. If a competing scanner does not expose a Net APR column, sort by gross spread, then mentally deduct 2.5-3% APR for CEX-CEX pairs before you consider a row seriously. Anything below single-digit Net APR is dominated by simple stablecoin lending and is not worth the operational overhead.

Step 2 — Filter by Coins You Can Move Cheaply

Look at the "Coin" column and filter for coins with a cheap and reliable transfer network. USDT on TRC-20, USDC on Solana, and ETH on Arbitrum are usually the cheapest routes. If a network is temporarily suspended for withdrawals on either exchange, the rebalance leg breaks and the trade is not really executable. Cross-reference with the withdrawal fees hub before firing.

Step 3 — Verify Liquidity Depth on Both Legs

Open both exchange perp screens side by side. You want the top of the order book to hold at least 5-10× your intended position size within a tight band — for BTC and ETH on Bybit or OKX, that is trivial. For long-tail alts on MEXC or Gate.io, depth is often the constraint that turns a 20% Net APR into 8% after slippage. If book depth is thin, halve your intended size or pass on the opportunity.

Step 4 — Open Positions Simultaneously (Same Notional)

Fire long on the low-funding exchange and short on the high-funding exchange at the same time, with equal USD notional on each leg. Any lag between the two fills creates directional exposure. On liquid pairs, market orders are fine; on anything mid-cap or below, use limit orders near mid to control slippage. Set alerts on both exchanges for margin utilisation and mark-price movement so you know instantly if one leg drifts.

Step 5 — Monitor for Rate Reversal & Rebalance Triggers

Check the scanner every few funding intervals. Two things can end the trade: the spread compresses below your break-even Net APR (close both legs), or PnL drift pushes one leg's margin close to a maintenance threshold (rebalance capital via a cheap-network withdrawal). Do not let one leg dictate the size of the other after a drift — keep notional matched at all times. If you want a signal on when to close, our funding rate as a trading indicator piece walks through reversal patterns worth watching.

Best Exchange Pairs for Funding Arbitrage Right Now

The leaderboard changes minute to minute, but the pairs below are the durable structural winners across a full quarter of live scanner data. All five pairs recur in the top ten during volatility spikes; the top two dominate during quiet regimes. The full live ranking is in the widget at the top of this page and in the funding arbitrage tool.

#1 Bybit ⇄ OKX — Deepest BTC/ETH Liquidity

The default pair for majors. Bybit's perp desk and OKX's perp desk both have institutional-grade BTC and ETH liquidity, tight taker fees, and near-instant deposit-withdraw for USDT on TRC-20. Spreads on BTC and ETH are typically small in bp terms (<10 bp per 8h most of the time), but the annualised Net APR still lands in the low double digits during volatility spikes, and execution risk is essentially zero on notional up to seven figures. For a full head-to-head, see the Bybit vs OKX funding rates comparison; live exchange pages are at Bybit funding and OKX funding.

#2 Bybit ⇄ Hyperliquid — Non-KYC Perp DEX Leg

The structural cross-DEX-CEX trade of 2025-2026. Retail-heavy long flow on Hyperliquid tends to push funding a few percentage points annualised above Bybit on BTC and ETH for extended periods. Because Hyperliquid is a perp DEX, one leg of the trade requires no KYC and lives in self-custody. Practical caveats: the Hyperliquid leg settles funding hourly, so annualisation is different, and the referral link on production currently opens the app without a bound join code — do not overestimate any rebate on that side. Bridge friction to USDC on Arbitrum is the real cost you have to model in.

#3 Bitget ⇄ MEXC — Competitive Alt Coverage

Where the alt spreads live. Bitget and MEXC both list a wide swath of mid-cap and long-tail perps that never make it onto Bybit or OKX. Spreads on these markets can annualise to double or triple the majors — 20-60% is not unusual for a brief window — with the trade-off that depth is thinner and liquidation risk on the short leg is real. Size accordingly. Bitget's live funding page is at Bitget funding.

#4 OKX ⇄ Gate.io — USDT-M Long-Tail Perps

For coins that OKX lists but Bybit does not, OKX versus Gate.io is the go-to pair. Gate has one of the widest long-tail perp catalogues in the CEX universe, and the funding-rate divergence between an institutional venue and a retail-heavy one is often exactly what you want. Gate's live funding page is at Gate.io funding.

#5 KuCoin ⇄ Bybit — 30-Min vs 8h Interval Combo

A niche but real pair. KuCoin settles some perps on shorter intervals than the CEX standard 8 hours, which changes the annualisation maths and occasionally opens a spread against Bybit. Volume is thinner than the top pairs, so use limit orders. Included in the ranking because when it appears in the scanner, it appears with meaningful Net APR.

The widget above is the same live scanner as the top of the page — repeated here so you can act on the ranking without scrolling back up. If a specific pair is dominating today, it will show at the top with a HOT badge.

Common Scanner Pitfalls (Why Most Opportunities Die on Execution)

Most retail traders who use a funding arbitrage scanner see a 30% annualised print, run the trade, and net 3%. Here is where the gap comes from.

Pitfall 1 — Gross vs Net Confusion (CoinGlass Trap)

The single most expensive mistake. A scanner that shows gross spread has already told you the number you cannot execute. Round-trip taker fees on both legs are 0.20-0.30% of notional; amortised over 30 days that is ~2.5-3.7% APR you need to subtract. Read our companion piece on funding rate arbitrage after fees for the long form. If a scanner does not show Net APR, mentally deduct 3% APR before you take the row seriously.

Pitfall 2 — Rate Reversal Between Intervals

Spreads decay. A spread that shows +30% annualised at the top of the funding cycle can invert by the next interval. External backtests suggest only around 40% of spreads above a meaningful threshold deliver positive net return after fees and rate-decay. Two things reduce the decay drag: hold longer (amortise fixed costs) and close aggressively when the spread compresses below your break-even Net APR.

Pitfall 3 — Liquidity Depth Isn't Spread

A 40% annualised print on a long-tail alt is worthless if the order book on either leg is thin. Slippage of 0.5-2% at entry (and another 0.5-2% at exit) kills the trade before funding even starts paying. This is why Bybit and OKX dominate the top of any real trader's execution list on majors — depth. On alts, halve size and use limit orders.

Pitfall 4 — Withdrawal Freeze Kills Rebalance

Every CEX freezes withdrawals occasionally, either for security reasons or maintenance. If your legs drift and you cannot rebalance, one side approaches liquidation and the other has idle margin. See the withdrawal fees hub — Yieldo tracks live availability of every withdrawal network, and this is the field to watch before firing a cross-exchange trade.

Pitfall 5 — Funding Interval Mismatch (1h vs 8h)

The Hyperliquid trap. A 0.02% funding rate on a 1-hour interval is not comparable to a 0.02% funding rate on an 8-hour interval — the first pays 8× per day. Any scanner that does not normalise for interval will rank Hyperliquid rows systematically wrong. Yieldo normalises correctly; CoinGlass and Coinalyze also normalise; the smaller table tools do not.

Risk Management for Funding Arbitrage

Delta-neutral does not mean risk-free. Here are the four risks that end trades, ranked by frequency.

Position Sizing & Leverage Rules

Use isolated margin and cap leverage at 3× on the short leg for majors — 2× for alts. Higher leverage looks attractive because it lifts APR-per-dollar-of-margin, but a sharp move against the short leg forces a liquidation that turns your delta-neutral trade into a directional loss. External data from 2026 flags high leverage as the single most common cause of retail funding-arb blow-ups. Choose your leverage before you open positions and do not change it mid-trade.

Margin Buffer for Rate Spikes

Keep at least 40-50% of maintenance margin free on both legs. Funding rate spikes can quickly push mark price against you on one leg even when spot barely moves — a large-flow squeeze on the short-leg venue can hit maintenance margin in minutes on a thin buffer. The buffer costs you a few percentage points of APR-per-dollar; it also saves the trade from a liquidation cascade you cannot recover from.

When to Close (Reversal Signals)

Close when the spread compresses below your break-even Net APR for two consecutive funding intervals. If gross spread inverts (short-leg rate falls below long-leg rate), close immediately — the trade is now paying you nothing and costing you fees. If withdrawal on either exchange is suspended and you have PnL drift approaching a rebalance threshold, close preventively. Reading the scanner is not enough; watch the funding rates page and the funding-rate-as-indicator signals for the exchange with your short leg.

Exchange Counterparty Risk

FTX 2022 remains the reference. Do not concentrate more than ~20% of your delta-neutral book on any single exchange, and keep withdrawal capability tested weekly. The Bybit, OKX, and Bitget desks are among the largest and most-audited venues; even so, treat cross-exchange arbitrage as inherently more exposed to venue risk than spot-perp on a single exchange. For the broader picture of arbitrage-vehicle risk, our crypto arbitrage guide has the full framework.

Reproducibility & Methodology

The core E-E-A-T claim of this page is that Yieldo is the only free scanner that computes Net APR after trading fees, funding cuts, and withdrawal costs. Here is exactly how the numbers are produced so you can audit them.

Data sources. Funding rates are fetched every 10 minutes across 11 exchanges: Bybit, OKX, Bitget, MEXC, Gate.io, KuCoin, Binance, Hyperliquid, and three additional venues tracked but excluded from top-of-ranking due to lower reliability. Spot prices refresh every minute for context. All exchange integrations sit in app/Services/Funding/Providers/ and pull directly from public exchange endpoints — no third-party aggregator layer between the exchange and the scanner.

Formula recap. Gross annualised yield equals per-interval spread times (365 × 24 / avg_interval_hours) × 100. Round-trip trading cost equals (taker_fee_long + taker_fee_short) × 2 — four taker fills per completed trade. Amortised annualised cost equals (round_trip / holding_days) × 365. Net APR equals gross annualised minus amortised annualised cost. Default holding period is 30 days; per-exchange taker fees load from config/funding_arb.taker_fees with a fallback of 0.06%.

Freshness window. Opportunities older than 2 hours are removed from the ranking so stale prints never leak into the leaderboard. Spread threshold is 0.01% per interval to appear at all; 0.05% per interval to earn a HOT badge.

Who we exclude and why. BingX is inactive in our config (no live funding data). Binance is included in the scanner without a referral link because Yieldo does not have a partnership — the Net APR figure is honest, but there is no CTA. Aster is included in the config but currently disabled. DeFiLlama-sourced on-chain funding is behind a flag pending a commercial licence — those rows do not appear in the free scanner today.

Open feed. The leaderboard is published as a machine-readable data export with attribution, so anyone can audit the methodology against live data. The full arbitrage hub links to every real-time module. If you spot a discrepancy between the widget and your own execution, email the team with the specific row — we treat that as a bug.

Frequently Asked Questions

What is a funding rate arbitrage scanner?

A funding rate arbitrage scanner is a tool that surfaces cross-exchange funding-rate spreads and estimates the annualised yield from a delta-neutral long-short position. Yieldo's scanner is the only free option that computes Net APR after trading fees, funding cuts, and withdrawal costs — most competitors show gross spreads only, which overstate returns significantly. If you take one thing from this page: use a Net APR-aware scanner or mentally deduct 2.5-3% APR from every gross print you see.

How is Net APR different from the gross spread shown by CoinGlass?

Gross spread is the raw funding-rate difference between two exchanges before any costs. Net APR subtracts round-trip trading fees on both legs, exchange-side funding fees, and withdrawal costs for capital rebalancing. In our tests a majority of "juicy" opportunities become unprofitable once real execution costs are applied. The gap is largest on short-holding trades where the fixed round-trip cost has fewer funding intervals to amortise over.

What is the minimum capital for funding arbitrage?

Because fees are largely fixed while yield scales with position size, funding arbitrage typically breaks even at modest capital and becomes meaningful at higher notional per pair. The scanner's Net APR column already reflects fee assumptions, so you can adjust position size in your head using the formula shown in the methodology section. A rough rule: below a few hundred USD per leg, exchange minimum-order sizes and slippage on entry eat most of the yield; above a few thousand per leg, Net APR converges to the printed number.

Is funding rate arbitrage still profitable in 2026?

Yes, but only when Net APR (not gross) exceeds a comfortable buffer over risk-free alternatives. Opportunities compress on liquid pairs like BTC and ETH but persist on long-tail alts and during volatility spikes. Use the scanner sorted by Net APR — anything showing double-digit Net APR after all costs is worth reviewing for liquidity depth. The 2024-2026 structural trend is compression on majors (ETF-anchored basis pulls BTC funding toward zero) and persistent spreads on alts and perp-DEX venues.

Which exchange pair currently offers the best funding arbitrage yield?

The leaderboard changes every 10 minutes, but the most durable pairs by liquidity are Bybit ⇄ OKX for BTC/ETH and Bitget ⇄ MEXC for altcoins. The scanner's ranking updates live — check "Best Exchange Pairs" section above or open the widget below. Hyperliquid ⇄ Bybit has been a persistent structural winner throughout 2025-2026 for BTC and ETH annualised yield.

Can I run funding arbitrage without KYC?

Partly. Hyperliquid (perp DEX) requires no KYC and can serve as one leg of the trade. The other leg still typically runs on a CEX (Bybit / OKX / Bitget) which requires KYC in most jurisdictions. A fully non-KYC setup requires two DEX legs, which sharply limits pair coverage and generally offers worse liquidity than mixed DEX-CEX.

What are the biggest risks of funding arbitrage?

The three dominant risks are (1) rate reversal between funding intervals wiping out expected yield, (2) liquidation on one leg from adverse spot moves if margin is thin, and (3) withdrawal freezes preventing capital rebalancing between exchanges. Position sizing and a margin buffer above the exchange minimum mitigate all three. Do not run the trade at higher than 3× leverage on either leg for majors, or 2× on alts.

How often does the Yieldo scanner update?

Funding rate data refreshes every 10 minutes through scheduled parsing jobs across 11 exchanges. Spot prices update every minute for context. Net APR is recomputed on every refresh, so the ranking you see reflects fees and spreads current within the last 10-minute window. Opportunities older than 2 hours are automatically evicted from the leaderboard so nothing stale ever leaks through.

Final Verdict — Which Scanner You Should Actually Use

If you take one thing from this page: free funding arbitrage scanners exist, but only Yieldo computes Net APR after trading fees, funding cuts, and withdrawal costs. Use CoinGlass for width when you want to see the whole derivatives universe at once; use Coinalyze for charting; use paid tools only if you are running desk-scale size. But for the "should I actually take this trade" decision, use a scanner that publishes Net APR — that means Yieldo's live funding arbitrage tool, sorted by Net APR, filtered for coins you can move cheaply, verified against real order-book depth on both legs.

If you are new to delta-neutral, start with a small position on the Bybit ⇄ OKX BTC pair — the deepest liquidity means execution risk is minimal, and you can learn the operational flow (position matching, funding-interval alerts, close discipline) without alt-coin depth-risk in the mix. Once the operational flow is muscle memory, scale into long-tail pairs on Bitget or MEXC where the spreads are wider.

About the Author

Written by Eugen Voyager — crypto analyst and founder of Telochain blockchain. Eugen runs the "Скам и точка" (@tonsdot) Telegram channel with hands-on exchange, funding, and DeFi reviews, and has been trading delta-neutral funding structures across CEX and perp-DEX venues since 2023. The Net APR formula documented on this page is the same one Eugen uses in personal execution — free funding arbitrage scanners exist, but this one is built for the trader who wants to know what they actually keep. Direct questions and corrections through the "About" page or Telegram.