Funding Rate Spread
Max - Min funding rate across exchanges
| Property | Value |
|---|---|
| Category | exchanges |
| Unit | % |
| Resolution | 1d |
| Assets | BTC |
| Tier | Pro |
| API Endpoint | GET /v1/funding/aggregate |
| Field | spread |
Overview
Funding Rate Spread measures the difference between the highest and lowest perpetual futures funding rate across all tracked exchanges on a given day.
Interpretation
A large spread between exchanges indicates:
- Divergent positioning: Different exchanges have different trader compositions — one may be heavily long while another is heavily short
- Arbitrage opportunity: Traders can fund positions on low-rate exchanges and hedge on high-rate exchanges to capture the spread
- Market stress: During volatile periods, funding rates can diverge significantly as liquidations and margin calls hit exchanges unevenly
A consistently tight spread (near zero) means exchanges are in consensus about market direction.
Use Cases
- Arbitrage detection: Monitor for spreads >0.01% which may offer profitable funding rate arbitrage
- Market structure analysis: Wide spreads often precede major price moves as positioning diverges
- Exchange selection: Identify which exchange offers the most favorable funding rate for your position
Calculation
spread = max_funding_rate - min_funding_rate across Binance, Bybit, OKX, Deribit, Bitget, Gate.io, and Hyperliquid.
API Usage
curl -H "Authorization: Bearer YOUR_API_KEY" \
"https://api.blocklens.co/v1/funding/aggregate?start_date=2024-01-01&end_date=2024-12-31&limit=365"
Related Metrics
- BTC Funding Rate — Average perpetual funding rate across major exchanges
- Annualized Funding Rate — Funding rate annualized (×3×365)