Best strategies
Top spreads, ranked
130 funding-rate arbitrage pairs across 19perpetual exchanges, each long the venue that pays funding and short the one that charges — delta-neutral by construction, ranked by net APR after both sides' fees, not the headline spread. Break-even time sits beside every rate, so a wide spread that takes days to pay for itself never outranks a narrow one that clears by tomorrow.
How it works
Two venues, one delta-neutral position
A funding-rate arbitrage trade goes long on the venue that pays you to hold and short the same coin on the venue that charges. The two legs cancel each other's price exposure — the position is delta-neutral by construction — so what you are left holding is the difference between the two funding rates, collected every funding interval. DeltaPulse scans 127 such pairs across 19 perpetual venues right now and ranks them by net APR afterboth venues' taker fees, not by the headline spread. The widest live spread is S — long N1, short Extended — at 692.04% annualized.
The widest spreads right now
Where the funding gap is largest — and how fast it pays.
The spread is a funding gap, not a price move: it exists because two venues disagree on what longs should pay, and it lasts until they converge. Of the top 20 pairs, 17 clear their round-trip fee in under a day — the rest are slower carries that only pay off if the gap holds. The five widest at this refresh:
- SSLong N1 · Short Extended692.04%
- JJUPLong Aster · Short N1672.31%
- SSKRLong Backpack · Short Bybit225.05%
- SSKHYNIXLong Bitget · Short Pacifica199.32%
- AAPEXLong Bybit · Short Hyperliquid170.58%
Rates are 8h-normalized so an hourly venue and an 8-hour one compare like for like, and APR is annualized from the current spread — it is what the pair would earn if the gap held for a year, which it rarely does. This block is a snapshot of the board above and is rebuilt every few minutes; the live cards re-rank as funding moves.
FAQ
Funding arbitrage, answered
What is funding rate arbitrage?
Perpetual futures charge a periodic funding payment between longs and shorts to keep their price tied to spot. When two venues quote different funding on the same coin, you can go long on the one paying you and short on the one charging you — a delta-neutral position that earns the difference regardless of which way price goes. DeltaPulse tracks 127 such pairs across 19 venues right now, each ranked by what is left after fees.
Which funding arbitrage pair pays the most right now?
As of this refresh, the widest spread is S: long on N1, short on Extended, at 692.04% annualized before your own fees. That changes as funding moves — the board above is rebuilt every few minutes and re-ranked each time, so treat any single number here as a snapshot, not a standing figure.
Is funding rate arbitrage risk-free?
No. The two legs cancel price risk, but not every risk. Funding can flip against you before the trade pays for itself; the two venues can move apart enough to threaten the margin on one leg while the other is fine; and getting both legs filled at the size and price you modelled is never guaranteed. Delta-neutral means market-neutral, not risk-free — the honest way to read the APR is "yield for carrying execution and funding risk", not "free money".
How is the net APR calculated?
From the funding spread between the two venues, annualized on an 8-hour basis, minus the round-trip cost of the trade: opening and closing two legs is four taker fees before funding has paid anything. The headline APR on each card is the conservative net figure at the default hold; the gross annualized spread is shown alongside it. Every rate is normalized to a common 8-hour interval first, so venues that fund hourly are not flattered against venues that fund every eight hours.
What is break-even time?
The hold, in hours, at which accumulated funding income has covered the round-trip fee — before it, the trade is underwater no matter what the annualized number says. The fastest pair on the board right now breaks even in about 2.1h. A wide spread that takes days to break even is a weaker trade than a narrower one that clears its fees by tomorrow, which is why the board shows both.
Do I need an account to use the scanner?
No. The strategy board, every coin page and the live funding data are open with no account and no delay. DeltaPulse is analytics, not a broker — we never hold your funds and never place an order. An account only adds the things that are yours: alerts, and a read-only portfolio across the exchange accounts you connect.