ARPA Funding Rate History
ARPA perpetual futures funding ranges from 0.80 bps on KUCOIN to 15.80 bps on CRYPTOCOM across 11 reporting venues, a spread of 15.00 bps. The most extreme rate (173.01% APY annualized) is on CRYPTOCOM. Currently all venues currently report positive funding (longs paying shorts).
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on ARPA price.
ARPA Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| CRYPTOCOM | 15.80 bps | 173.01% APY | 9.20 bps | $230.04 |
| BINANCE | 1.00 bps | 10.95% APY | 0.70 bps | $1.24M |
| BITGET | 1.00 bps | 10.95% APY | -0.20 bps | $278.93K |
| BINGX | 1.00 bps | 10.95% APY | 1.00 bps | $262.68K |
| BYBIT | 1.00 bps | 10.95% APY | 0.80 bps | $164.52K |
| MEXC | 1.00 bps | 10.95% APY | 0.70 bps | $96.36K |
| PHEMEX | 1.00 bps | 10.95% APY | 1.00 bps | $64.78K |
| VARIATIONAL | 1.00 bps | 10.95% APY | 0.90 bps | $3.42K |
| ASTER | 1.00 bps | 10.95% APY | 1.00 bps | $21.65 |
| KUCOIN | 0.80 bps | 8.76% APY | -0.90 bps | $74.49K |
| GATEIO | 0.80 bps | 8.76% APY | 0.60 bps | $67.70K |
Last updated 2026-06-01T15:08:33.895828Z (UTC).
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Related: ARPA open interest, ARPA volume, ARPA perp market data.