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Funding Rate Arbitrage Scanner for CEX and DEX Perpetuals
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Perpetual Futures Price Arbitrage Scanner
| ASSET | FUNDING NOW | APR | PRICE | OI (24H) | VOLUME (24H) | OPEN SPREAD |
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Perpetual Position Cost Comparison
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| Exchanges | Bid | Ask | Taker fee | Loss (%) | OI (24h) | Volume (24h) |
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Best Funding Rate Farming Strategies
BEST STRATEGY
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Best overall strategies
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| ASSET | FUNDING NOW | OI (24H) | VOLUME (24H) |
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Markets
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Perpetual Exchange Markets and Trading Rewards
Exchange Rewards
Trading programs and incentives
VOLUME 24H (30D)
$15.21B
OPEN INTEREST 24H (30D)
$14.46B
SUPPORTED EXCHANGES
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TOTAL
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| EXCHANGES | PAIRS | Open Interest (24h) | VOLUME 24H | MAKER FEE | TAKER FEE | TOKEN | AIRDROP |
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Perp Calculator
Model the value of your points across supported perpetual exchanges.
Maker fee will be loaded automatically
Enter points, a known point value, and both FDVs.
Point value—
Your points—
Calculation breakdown
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Reference FDV—
Expected FDV—
Estimated return—
Maker fees plus funding and other entered costs.
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Trading volume—
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Complete the assumptions
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Estimated reward minus total farming cost.
ROI—
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Estimated reward—
Total farming cost—
Estimate based on the point value and FDV assumptions you enter. Final eligibility, tiers, caps, and token pricing may differ. Payback assumes the current points-per-day pace continues.
How to Earn with Funding Arbitrage
Choose the right exchanges, find a stable strategy, backtest the exact pair and understand the risks before opening both positions
Choose exchanges that fit your goals
Start with the venues where you want your trading activity to count toward a potential airdrop or an active campaign.
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Airdrop target
Prioritize exchanges where you want to build activity toward a potential token distribution or rewards program.
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Active campaigns
Check which campaigns are live and whether your planned funding-arbitrage volume is eligible for their points or rewards.
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Trading fees
Compare the maker and taker cost of opening and closing both legs. The expected funding edge should remain worthwhile after fees.
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Liquidity
Choose markets with enough order-book depth for your planned notional so both legs can be entered and exited without excessive slippage.
Build a shortlist from stable cards
Stable strategy filter
- Live spread APR is at least 20%.
- Average APR is at least 20% for the selected period and the 30d, 7d, 3d and 1d checks.
- The fixed pair has no more than 5 reversals and at least 50% profitable payout events.
- Each leg has at least $10,000 of reported 24h volume and enough history for its funding interval.
Backtest the exact pair
Open a stable card, confirm the long and short exchanges, then open Backtest. The result uses the funding history of those two venues and their actual payout intervals.
- Choose the windowStart with 7 days, then compare a longer period when enough history exists.
- Enter your notionalThe backtest calculates funding PnL on the position size you enter.
- Keep execution cost realisticThe calculator includes the estimated round trip for both legs before showing total PnL.
- Read the path, not only the totalCompare daily PnL, individual payout events, win days, the worst day and payback time.
Know what can break the hedge
- Margin and liquidation
- A profitable leg on one venue does not automatically support the losing leg on the other. Keep margin buffers on both accounts and avoid relying on an emergency transfer.
- Funding spread
- Either venue can change its rate before the next settlement. The spread can shrink to zero or reverse, turning expected income into a payment.
- Price spread
- The two perpetual prices can diverge after entry. Even with equal notionals, an adverse basis move can make closing both legs more expensive than the funding earned.
- ADL
- During extreme market stress, an exchange can automatically reduce a profitable position. If one leg is reduced first, the remaining leg becomes directional until you rebalance or close it.
