ARPA Funding Rate History
ARPA perpetual futures funding ranges from -22.60 bps on CRYPTOCOM to 1.00 bps on PHEMEX across 11 reporting venues, a spread of 23.60 bps. The most extreme rate (-247.47% APY annualized) is on CRYPTOCOM. Currently funding signs are mixed: 6 positive, 5 negative.
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 | -22.60 bps | -247.47% APY | 5.80 bps | $1.05K |
| KUCOIN | -2.10 bps | -23.00% APY | -0.80 bps | $431.29K |
| VARIATIONAL | -1.60 bps | -17.52% APY | 0.40 bps | $1.54K |
| PHEMEX | 1.00 bps | 10.95% APY | 1.00 bps | $372.54K |
| GATEIO | 1.00 bps | 10.95% APY | 0.70 bps | $352.12K |
| ASTER | 1.00 bps | 10.95% APY | 1.00 bps | $7.94K |
| BINANCE | 0.50 bps | 5.47% APY | 0.80 bps | $11.01M |
| BYBIT | -0.50 bps | -5.47% APY | 0.30 bps | $1.37M |
| BITGET | -0.40 bps | -4.38% APY | 0.90 bps | $1.21M |
| MEXC | 0.40 bps | 4.38% APY | 0.80 bps | $261.33K |
| BINGX | 0.30 bps | 3.28% APY | 0.90 bps | $520.77K |
Last updated 2026-05-15T20:27:42.780346Z (UTC).
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Related: ARPA open interest, ARPA volume, ARPA perp market data.