PL Funding Rate History
PL perpetual futures funding ranges from 0.00 bps on QFEX to 0.50 bps on VEST across 3 reporting venues, a spread of 0.50 bps. The most extreme rate (5.47% APY annualized) is on VEST. 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 PL price.
PL Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| VEST | 0.50 bps | 5.47% APY | 0.50 bps | $0 |
| BINGX | 0.40 bps | 4.38% APY | 0.40 bps | $0 |
| QFEX | 0.00 bps | 0.00% APY | 0.00 bps | $768.27K |
Last updated 2026-07-16T16:36:16Z (UTC).
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Related: PL open interest, PL volume, PL perp market data.