Live Perp Funding Rate & APR Comparison
Funding Radar tracks every funding rate paid on the top decentralized perpetual exchanges — Hyperliquid, Lighter, Aster, Extended, Ostium and more — and normalizes them to annualized APR so you can compare 1h, 24h and 7-day windows on a like-for-like basis. Filter by position size and see your estimated daily yield, APR × max leverage, and the venue’s 24h volume. Built for funding-rate arbitrage, delta-neutral carry trades, and active perp traders who don’t want funding to silently erode their PnL.
Top strategy:
WTI: ~281.2% APR
Long WTI on Lighter / Short WTI on Aster — Lev. APR ~5624% (20×), ~$1540.80/day on $10000
Mechanics
How funding rates work
Positive rate → longs pay shorts; negative → shorts pay longs.
Settlement intervals: 8h on most CEX, 1h on Hyperliquid (per Hyperliquid Docs), 1h or continuous on most DEXs.
APR
How APR is calculated
APR = per-period rate × periods per year
- Hyperliquid (1h)
- rate × 8,760
- Binance/Bybit (8h)
- rate × 1,095
Funding Radar surfaces both raw and annualized so 1h venues compare apples-to-apples with 8h ones.
Strategy
Funding rate arbitrage on perp DEXs
Long the venue with low/negative funding, short the venue with high positive funding, equal notional, collect the spread.
Real-world ranges: blue-chip APRs of 3–12% on BTC/ETH, 20–60%+ on HYPE/XPL-type long-tail pairs (per neuralarb.com 2026 data). Break-even is ~1.3 bps per 8h window after fees and slippage at retail size, and execution above $1M needs TWAP / multi-venue splits.
VOOI
Using APR × Max Leverage
Shows what your funding yield would be if you applied maximum allowed leverage on that venue — a quick ceiling on a carry-trade idea, before counting liquidation risk.
Columns
How to read the Est. daily column
Estimated daily yield = position size × funding rate × periods per day.
Worked example
$100k short at +0.01% / 8h on Hyperliquid → ~$30/day
FAQ
Frequently asked questions
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