Funding Rate Arbitrage
Collecting the funding payment by holding offsetting positions so the price move cancels out.
Perpetual futures pay funding between longs and shorts at fixed intervals. Funding arbitrage tries to collect that payment while cancelling the price exposure: hold the side that receives funding on one venue and an offsetting position elsewhere, so the funding accrues and the directional move nets out. Two things decide whether it is actually profitable. First, fees: an annualized rate that looks generous before taker fees can be negative after them, which is why our screener publishes the spread net of taker fees rather than gross. Second, the rate is not a promise; it resets every interval and can flip while you are in the position. The screener compares the same symbol across Binance, OKX, Bybit, Gate.io, HTX, BingX, Bitget, MEXC, Kraken Futures, Hyperliquid, Aster, dYdX, ApeX, Backpack, Bitfinex, Bitmart, BloFin, BTSE, Crypto.com, Delta Exchange, Deribit, DigiFinex, Extended, HashKey, KuCoin, Lighter, Paradex, Phemex, Toobit, WEEX, WhiteBIT, WOO X and XT, because the payment differs per venue and the spread between venues is the part worth looking at.