Funding rate arbitrage screener

Compare real-time annualized funding rates (APR), 8-hour intervals, and hourly rates across 17+ perp DEXs and major CEXs. Identify delta-neutral basis spreads and simulate net arbitrage yield in 1 click.

Venues with funding

11 perp DEX · 6 CEX

Assets tracked

Top 80 by OI · ≥$500K depth

Widest spread

134.8%

SKHYNIX · long vs short leg

Median spread

13.0%

3 venues paying BTC longs

8h:--:--:--|1h:--:--

75 assets · 17 venues

Min spread %:

Real-time perpetual funding rate matrix and delta-neutral arbitrage screener
		Long (Buy)	Short (Sell)	Hyperliquid	ApeX Omni	Lighter	Aster	GRVT	GMX V2	Orderly Network	dYdX	Hibachi	Paradex	Aevo	Binancecex	Bybitcex	Bitgetcex	OKXcex	Gate.iocex	HTXcex
#1BTC $22.97B OI		GMX V2	Hyperliquid	+10.9%sell	-0.7%	+1.3%	+1.2%	+1.4%	-1.6%buy	+0.5%	0.0%	+0.2%	+1.3%	+1.2%	+9.8%	+4.8%	+5.7%	+1.6%	+0.3%	-1.8%
#2ETH $14.71B OI		ApeX Omni	Bitget	+9.3%	-3.5%buy	+1.3%	+0.4%	-0.2%	-1.9%	+1.4%	0.0%	+0.0%	+1.1%	—	+0.6%	+2.1%	+10.9%sell	+1.2%	-0.9%	-3.2%
#3SOL $3.64B OI		Binance	Hyperliquid	+10.9%sell	-2.5%	-0.9%	-1.4%	+1.4%	+1.8%	-2.6%	-0.5%	-0.6%	-0.0%	—	-16.6%buy	+0.3%	+0.4%	-10.2%	-15.0%	+10.9%
#4HYPE $3.01B OI		Bitget	Gate.io	-1.0%	-0.2%	+0.5%	-0.9%	—	+1.9%	-3.4%	0.0%	-0.5%	-0.2%	—	-7.1%	0.0%	-11.2%buy	-4.4%	+2.2%sell	+5.5%
#5XRP $1.46B OI		Gate.io	Hyperliquid	+10.9%sell	+0.4%	+1.3%	-0.4%	+0.4%	+1.9%	+0.5%	0.0%	-1.4%	+1.2%	+1.0%	-5.3%	+10.6%	+6.1%	+2.0%	-6.8%buy	+10.9%
#6ZEC $1.44B OI		Orderly Network	Hyperliquid	+52.8%sell	+1.4%	+6.2%	+0.2%	—	+2.6%	+0.7%buy	+1.3%	—	+1.4%	—	+10.9%	+10.9%	+10.9%	+10.9%	+10.9%	+10.9%
#7XAU $877.3M OI	0.7%	Binance	Orderly Network	—	—	+0.4%	0.0%	—	—	+0.7%sell	—	—	—	—	0.0%buy	0.0%	0.0%	0.0%	0.0%	0.0%
#8DOGE $737.0M OI		Orderly Network	Hyperliquid	+10.9%sell	+1.4%	+1.3%	+0.8%	+1.4%	+1.9%	-0.3%buy	0.0%	—	+1.2%	+1.2%	+4.4%	+6.5%	+10.9%	+5.1%	+1.2%	+10.9%
#9BNB $718.6M OI		Bybit	dYdX	-2.1%	+1.4%	+1.3%	0.0%	—	+1.9%	+1.4%	+7.5%sell	+0.0%	+1.4%	+1.4%	0.0%	-5.9%buy	+3.0%	+1.8%	-1.8%	-7.3%
#10SKHYNIX $521.5M OI		Gate.io	Bybit	—	—	—	+5.4%	—	—	—	—	—	—	—	+87.4%	+134.8%sell	+48.2%	+108.0%	0.0%buy	0.0%
#11PUMP $397.4M OI		Bitget	Hyperliquid	+10.9%sell	+1.4%	+1.3%	+0.7%	—	+2.9%	+0.1%	0.0%	—	+1.3%	+1.4%	+10.9%	—	-24.5%buy	+2.7%	+3.7%	+5.5%
#12SPCX $396.1M OI	0.4%	Binance	Lighter	—	—	+0.4%sell	0.0%	—	-3.6%	—	—	—	+0.7%	—	0.0%buy	0.0%	0.0%	0.0%	0.0%	0.0%
#13LINK $390.0M OI		Gate.io	Hyperliquid	+3.2%sell	+1.4%	+1.3%	+1.4%	-0.5%	-0.9%	+0.3%	+1.6%	—	+0.7%	—	+2.6%	-0.9%	-0.5%	+2.7%	-2.1%buy	+10.9%
#14LIT $356.1M OI		Gate.io	Hyperliquid	+10.9%sell	+1.4%	+1.3%	+0.2%	—	+2.6%	+0.3%	0.0%	—	+1.4%	+1.4%	+10.9%	+10.9%	+10.9%	+5.5%	-13.4%buy	+5.5%
#15XAG $351.6M OI		Binance	OKX	—	—	+0.4%	0.0%	—	—	+0.7%	0.0%	+0.5%	+0.7%	—	0.0%buy	0.0%	0.0%	+21.8%sell	0.0%	0.0%
#16SUI $311.9M OI		Gate.io	Hyperliquid	+10.9%sell	+1.4%	+1.3%	+1.4%	+1.3%	+1.8%	+1.3%	0.0%	-0.8%	+1.4%	—	-0.5%	+1.1%	+6.9%	-1.0%	-10.2%buy	+10.9%
#17NEAR $303.9M OI		dYdX	Hyperliquid	+10.9%sell	+1.4%	+1.3%	+1.4%	—	+1.7%	+0.9%	0.0%buy	—	+1.2%	—	+7.7%	+8.9%	+10.9%	+10.1%	+10.9%	+10.9%
#18ENA $297.1M OI		Gate.io	Hyperliquid	+10.9%sell	+1.4%	+1.3%	+0.3%	—	+2.5%	-7.0%	0.0%	—	+1.4%	—	+6.3%	+10.9%	+10.9%	+5.5%	-17.1%buy	+5.5%
#19ADA $273.9M OI		Hyperliquid	GMX V2	-39.1%buy	-6.0%	-0.3%	+1.4%	-0.6%	+2.1%sell	+1.4%	0.0%	—	-0.7%	—	-5.4%	-15.1%	-9.4%	-10.5%	-4.7%	+10.9%
#20XAUT $246.3M OI		Gate.io	Binance	—	—	—	—	—	—	—	+1.4%	—	—	—	+10.9%sell	+10.9%	+7.7%	—	0.0%buy	+2.4%
#21AAVE $240.1M OI		Gate.io	Bitget	+9.6%	+1.4%	+1.3%	+1.4%	—	+1.0%	-0.2%	0.0%	—	+1.0%	—	+6.5%	+2.1%	+10.9%sell	+1.7%	-1.6%buy	-19.7%
#22UNI $213.2M OI		dYdX	Hyperliquid	+10.9%sell	+1.4%	+1.3%	+1.4%	—	+2.5%	+1.4%	0.0%buy	—	+1.4%	—	+10.9%	+3.9%	+10.4%	+10.9%	+10.9%	+10.9%
#23TAO $206.1M OI		dYdX	Bybit	+10.9%	+1.4%	+1.3%	+0.2%	—	+2.8%	+0.5%	+0.5%buy	—	+1.4%	—	+10.9%	+11.0%sell	+10.9%	+10.9%	+10.9%	—
#24WLD $202.0M OI		Binance	Lighter	-20.7%	+1.4%	+1.3%sell	+0.1%	—	+2.3%	-2.7%	0.0%	—	—	—	-38.5%buy	-11.7%	-3.1%	-13.1%	-11.2%	+10.9%
#25TRUMP $200.8M OI		Bybit	Bitget	+10.7%	—	+1.3%	+0.7%	—	+1.9%	+0.2%	0.0%	—	+0.8%	+1.0%	-5.6%	-43.9%buy	+10.9%sell	-7.4%	+7.7%	+5.5%
#26LTC $185.9M OI		Lighter	Bitget	+7.4%	+1.4%	-1.1%buy	+1.4%	—	+2.5%	+1.4%	+4.9%	—	-0.7%	—	+6.3%	+1.5%	+10.9%sell	+6.2%	+10.9%	+10.9%
#27AVAX $156.2M OI		OKX	Hyperliquid	+10.9%sell	+1.4%	+1.3%	+1.4%	+1.4%	+1.7%	+1.4%	0.0%	—	+1.2%	—	+8.0%	+8.0%	+10.9%	-1.5%buy	+2.1%	+10.9%
#28PEPE $107.1M OI		Gate.io	OKX	—	—	—	—	—	+1.4%	—	0.0%	—	—	—	—	—	-4.1%	-1.3%sell	-4.9%buy	+10.9%
#29ASTER $99.0M OI		Gate.io	Hyperliquid	+10.9%sell	+1.4%	+1.3%	+2.7%	—	+2.6%	+0.7%	0.0%	—	—	—	+10.9%	+10.9%	+10.9%	+5.5%	-7.4%buy	+5.5%
#30ONDO $92.3M OI		OKX	Hyperliquid	+10.9%sell	+1.4%	+1.3%	+0.7%	—	-1.4%	+0.7%	+9.9%	—	+0.7%	—	+1.7%	+6.6%	+10.9%	-4.8%buy	+4.6%	+5.5%
#31TRX $90.4M OI		Gate.io	Hyperliquid	+10.9%sell	+1.4%	+1.1%	+1.4%	—	+2.1%	+1.4%	0.0%	—	+1.2%	—	+3.4%	+10.9%	+10.9%	-1.4%	-4.5%buy	+10.9%
#32FARTCOIN $87.3M OI		ApeX Omni	Hyperliquid	+46.9%sell	+1.4%buy	+1.8%	+0.7%	—	+3.1%	+3.1%	—	—	—	+1.4%	+10.9%	+33.9%	+23.2%	—	+10.9%	+5.5%
#33XPL $86.8M OI		GMX V2	Hyperliquid	+10.9%sell	+1.4%	+1.3%	+0.7%	—	-2.0%buy	-0.1%	0.0%	—	+1.3%	—	+10.9%	+10.9%	+10.9%	+5.5%	+10.9%	—
#34BCH $86.4M OI		Gate.io	Hyperliquid	+10.9%sell	+1.4%	+1.3%	+1.4%	—	+2.1%	+0.8%	0.0%	—	—	—	-0.0%	-10.8%	+4.8%	-5.5%	-10.8%buy	+10.9%
#35XMR $82.8M OI		dYdX	Binance	—	—	+10.4%	+2.0%	—	+5.8%	+16.2%	0.0%buy	—	+11.3%	—	+96.3%sell	+65.3%	+49.4%	—	+37.1%	—
#36MU $80.2M OI		Bitget	Bybit	—	—	+0.4%	0.0%	—	—	—	—	—	+2.4%	—	0.0%	+2.4%sell	0.0%buy	0.0%	0.0%	0.0%
#37XLM $71.5M OI		Gate.io	Hyperliquid	+10.9%sell	+1.3%	+1.3%	+1.4%	—	+2.5%	—	0.0%	—	—	—	+3.4%	+10.9%	+6.5%	+4.0%	+1.1%buy	+5.2%
#38ZRO $62.9M OI		Lighter	Hyperliquid	+10.9%sell	+1.4%	+1.3%buy	+0.2%	—	+2.6%	-1.5%	0.0%	—	—	—	+10.9%	+10.9%	+10.9%	—	+10.9%	—
#39GRAM $62.4M OI		Lighter	Hyperliquid	+10.9%sell	+1.4%	+1.3%buy	+0.2%	—	—	—	—	—	+1.4%	—	+10.9%	+10.9%	+10.9%	—	+10.9%	+5.5%
#40MON $60.9M OI		Gate.io	Hyperliquid	+6.9%sell	-3.1%	-7.1%	-0.7%	—	-0.2%	-2.7%	+1.4%	—	-3.1%	—	-9.4%	-31.0%	-5.3%	—	-34.6%buy	—
#41PENGU $57.8M OI		ApeX Omni	Hyperliquid	+10.9%sell	-1.7%buy	+1.3%	+0.7%	—	+2.6%	+0.7%	0.0%	—	—	—	+10.9%	+10.9%	+10.9%	+5.5%	+6.6%	+5.5%
#42CL $57.4M OI		Bybit	Gate.io	—	—	—	0.0%	—	—	+0.7%	—	—	+0.6%	—	0.0%	0.0%buy	0.0%	0.0%	+10.9%sell	—
#43PAXG $55.6M OI		Lighter	Hyperliquid	+10.9%sell	+1.4%	-1.6%buy	+0.7%	—	—	—	-0.8%	-0.2%	+1.3%	—	+7.5%	+10.9%	+10.9%	—	0.0%	0.0%
#441000PEPE $53.8M OI		Lighter	Bybit	—	+1.4%	+1.3%buy	+1.4%	—	—	-1.1%	—	—	—	+0.1%	+1.2%	+8.1%sell	—	—	—	—
#45SKHY $48.9M OI		Bitget	Bybit	—	—	+1.5%	+5.9%	—	—	—	—	—	—	—	—	+104.6%sell	0.0%buy	+67.2%	+10.9%	0.0%
#46CASHCAT $46.8M OI		ApeX Omni	Lighter	+10.9%	-33.4%buy	+49.7%sell	+1.0%	—	—	—	—	—	—	—	—	+10.9%	—	—	+10.9%	+1.4%
#47WLFI $46.1M OI		Lighter	Hyperliquid	+10.9%sell	+1.4%	+1.3%buy	+1.0%	—	-41.1%	—	0.0%	—	+1.3%	—	+10.9%	+10.9%	+10.9%	—	+10.9%	—
#48CRCL $46.0M OI	0.4%	Bybit	Lighter	—	—	+0.4%sell	0.0%	—	—	—	—	—	+0.6%	—	0.0%	0.0%buy	0.0%	0.0%	—	—
#49VVV $42.9M OI		Gate.io	Hyperliquid	+10.9%sell	—	+1.3%	-0.1%	—	+2.6%	—	+1.4%	—	-0.5%	—	-5.2%	+10.9%	+10.9%	—	+0.2%buy	—
#50CRV $39.2M OI		Gate.io	Hyperliquid	+10.9%sell	+1.4%	-3.8%	+1.4%	—	+2.0%	-0.2%	0.0%	—	—	—	-12.0%	-9.7%	-10.0%	—	-12.4%buy	—
#51DOT $38.6M OI		Hyperliquid	Bybit	-33.6%buy	—	+0.5%	+1.4%	—	-2.5%	+1.4%	0.0%	—	—	—	+0.1%	+10.9%sell	+10.9%	—	+10.9%	+10.9%
#52DRAM $36.6M OI		Bitget	Gate.io	—	—	+0.9%	+1.2%	—	—	—	—	—	+6.1%	—	+13.1%	+29.9%	0.0%buy	—	+52.8%sell	0.0%
#53MNT $35.2M OI		Lighter	Hyperliquid	+10.9%sell	-1.6%	+1.3%buy	—	—	+2.5%	+1.4%	+5.2%	—	—	—	—	+10.7%	—	—	+10.9%	—
#54HBAR $34.9M OI		Lighter	Hyperliquid	+10.9%sell	+1.4%	-0.8%buy	+0.2%	—	+2.0%	+1.4%	0.0%	—	—	—	+10.9%	+10.9%	+3.2%	—	+10.9%	+10.9%
#55FF $33.1M OI		Lighter	Bitget	—	—	+1.3%buy	+0.2%	—	—	—	—	—	—	—	+10.9%	+10.9%	+46.6%sell	—	+10.9%	—
#56ETHFI $32.0M OI		Gate.io	Hyperliquid	+10.9%sell	—	+1.3%	-0.4%	—	—	-1.0%	+2.0%	—	+1.4%	+1.4%	+10.9%	+10.9%	+10.9%	—	+1.1%buy	+5.5%
#57OKB $31.1M OI		OKX	Bybit	—	—	—	+0.2%	—	+2.6%	—	—	—	—	—	—	+10.9%sell	—	+5.5%buy	+10.9%	+10.9%
#58VIRTUAL $31.0M OI		Lighter	Hyperliquid	+10.9%sell	-7.2%	-6.0%buy	+0.2%	—	+2.5%	-0.6%	+1.4%	—	—	+1.4%	+10.8%	+10.9%	+10.9%	—	+9.6%	+5.5%
#59GRASS $30.4M OI		Lighter	Hyperliquid	+10.9%sell	—	+1.3%buy	+0.2%	—	—	—	+1.4%	—	—	—	+10.9%	+10.9%	+10.9%	—	+10.9%	—
#60ARB $28.8M OI		Lighter	Bitget	+5.9%	+1.4%	-3.6%buy	+1.4%	—	-3.3%	+0.7%	0.0%	—	—	—	-3.1%	+10.4%	+10.9%sell	—	+1.4%	+10.9%
#61APT $28.6M OI		Hyperliquid	Bybit	-31.7%buy	+1.4%	-4.2%	+1.4%	—	+2.6%	-1.0%	0.0%	—	—	—	-8.0%	+7.6%sell	+7.2%	—	+5.3%	+10.9%
#62AERO $26.3M OI		Lighter	Hyperliquid	+10.9%sell	—	+1.3%buy	+0.2%	—	+2.6%	—	+1.4%	—	—	+1.4%	+9.9%	+10.9%	+10.9%	—	+10.9%	—
#63WIF $25.6M OI		Bybit	Hyperliquid	+10.9%sell	+1.4%	+1.3%	+0.2%	—	-7.9%	+0.6%	0.0%	—	—	—	+10.9%	-22.9%buy	+10.9%	—	+10.9%	+5.5%
#64POL $25.1M OI		Lighter	Hyperliquid	+10.9%sell	+1.0%	-1.4%buy	-0.2%	—	+2.5%	-1.4%	0.0%	—	—	—	+9.2%	+10.9%	+10.9%	—	+10.9%	—
#65ICP $25.1M OI		Bybit	Hyperliquid	+10.9%sell	—	+1.3%	+0.2%	—	-8.8%	—	0.0%	—	—	—	+10.9%	-20.4%buy	+10.9%	—	+10.9%	+10.9%
#66INJ $24.6M OI		Gate.io	Hyperliquid	+10.9%sell	-3.2%	—	+1.4%	—	+2.1%	+1.3%	0.0%	—	—	-0.4%	-4.6%	+6.8%	+10.9%	—	-9.0%buy	—
#67SPX $21.8M OI		Lighter	Hyperliquid	+10.9%sell	+1.4%	+1.3%buy	+0.2%	—	—	+1.1%	0.0%	—	—	—	+10.9%	+10.9%	+10.9%	—	+10.9%	—
#68ATOM $21.7M OI		dYdX	Hyperliquid	+10.9%sell	—	—	+0.2%	—	+1.1%	—	0.0%buy	—	—	—	-22.2%	+10.9%	+8.8%	—	+10.9%	+10.9%
#69BTR $19.6M OI		Bybit	Gate.io	—	—	—	+11.7%	—	—	—	—	—	—	—	—	+10.9%buy	—	—	+70.8%sell	+5.5%
#70ANTHROPIC $19.5M OI	0.4%	Bybit	Lighter	—	—	+0.4%sell	+0.7%	—	—	—	—	—	—	—	+5.5%	0.0%buy	0.0%	—	0.0%	0.0%
#71AKE $19.1M OI	—	—	—	—	—	—	+0.2%	—	—	—	—	—	—	—	+10.9%	+10.9%	—	—	+10.9%	+4.4%
#72OPENAI $14.0M OI	0.4%	Bybit	Lighter	—	—	+0.4%sell	+0.7%	—	—	—	—	—	—	—	+5.5%	0.0%buy	0.0%	—	0.0%	0.0%
#73PIEVERSE $12.3M OI		Bitget	Gate.io	—	—	—	+1.3%	—	—	—	—	—	—	—	—	+50.4%	+33.1%buy	—	+80.3%sell	—
#74DASH $11.8M OI		GMX V2	Hyperliquid	+10.9%sell	—	+1.3%	+0.2%	—	+2.9%buy	—	+1.4%	—	—	—	+10.9%	+10.9%	+10.9%	—	+10.9%	+10.9%
#75JELLYJELLY $3.1M OI	—	—	—	—	—	—	+0.7%	—	—	—	—	—	—	—	+15.2%	+10.9%	—	—	+10.9%	—

Sorted by open-interest rank by default. Long Long = venue paying you to hold the asset; Short Short = venue where shorts get paid. Spread is short APR − long APR on legs with ≥$50K OI each (illiquid markets hidden). Interval under each column is that venue's funding clock.

Longs paid (Negative) Shorts paid (Positive)

Aggregated by DefiTier Analytics from native exchange APIs · OI enriched where available · refresh ~2–5 min.

How to use

How funding arbitrage works here

Funding is the periodic payment between longs and shorts that keeps a perpetual near spot. When one venue pays longs and another pays shorts on the same asset, a hedged long/short can collect the spread while staying roughly delta-neutral.

This screener annualizes every venue’s own funding clock so hourly books (Hyperliquid, Lighter) are directly comparable to 4h/8h CEXs. Click the ⚡ icon on any spread to simulate net returns after round-trip taker fees and view break-even holding days.

Always size to the thinner open-interest leg, watch predicted funding into the next settlement, and treat farmable badges as a points overlay — not a guarantee of an airdrop.

FAQ

Funding farming questions

How do I farm points with funding instead of against it?+

Open the long leg on the venue where funding is most negative and the short leg where it is most positive. Both legs generate the volume and open interest that point programs measure, your directional exposure nets to roughly zero, and the funding spread pays you for holding the structure instead of costing you. Watch the net APR column: if it does not stay positive after fees, the trade is not worth putting on.

Why are the funding numbers annualised?+

Venues pay funding on different clocks — Hyperliquid, Lighter and Backpack settle hourly, edgeX every four hours, and most others every eight. A raw rate of 0.01% means something completely different on each of those schedules, so every rate here is multiplied out to a yearly figure using that venue's own interval.

What does a negative funding rate mean?+

Negative funding means shorts are paying longs, which usually happens when a market is heavily short or when spot is trading above the perp. Holding a long there earns you carry. Positive funding is the normal state in a bull market: longs pay shorts.

Where does this funding data come from?+

Data is aggregated by the DefiTier engine directly from native perpetual exchange APIs (Hyperliquid, dYdX, Binance, Bybit, and others) and cross-referenced with on-chain oracles. Net yields and fee drag are computed in the Delta-Neutral Arbitrage Simulator using standard round-trip taker fee models.

Is delta-neutral funding farming risk-free?+

No. You still carry venue risk on both sides, liquidation risk if one leg moves against you and margin is not topped up, and the risk that funding flips while you are holding. Hedged farming reduces price risk, not counterparty or execution risk.