Comparison tool
Compare funding rates across exchanges
The same perp can fund very differently on two venues at the same moment. Compare them in one view and find where the spread is worth a route.
Why compare funding across venues
Funding is computed per exchange, so it is normal for the same asset to pay positive funding on one venue and negative on another. Comparing them side by side is the first step in any funding-arbitrage workflow.
SypherScore normalizes rates to a common interval so hourly DEX perps and multi-hour CEX perps can be read on equal terms.
- See every venue for an asset in one row.
- Rates normalized so the comparison is fair.
- The widest fair spread is the candidate route.
From comparison to a route
Once you see where funding diverges, pair a long on the cheaper side with a short on the richer side to collect the spread while staying close to price-neutral.
Use AI Top Pairs to rank these routes and the backtester to confirm the spread held historically before sizing.
- Identify the richest and cheapest venue per asset.
- Pair them into a long/short route.
- Validate in the backtester first.
Why do exchanges show different funding for the same coin?
Each venue derives funding from its own order book, premium, and clamp rules, so rates routinely differ across exchanges at the same time.
Are the rates comparable across DEX and CEX?
Yes. SypherScore normalizes funding to a common interval so venues with different schedules can be compared on equal terms.