# Comparing Perp Funding Rates Across 9 DEXs

> A free dashboard comparing funding rates for 320+ perpetual symbols across nine exchanges, with the spread, arbitrage view and how to read a funding table.

- **URL:** https://octav.fi/blog/perp-funding-rates-dashboard
- **Published:** 2026-01-23
- **Author:** Octav Team — Portfolio Intelligence for Digital Assets
- **Topic:** Portfolio Management
- **Tags:** perps, funding-rates, tooling
- **Source:** Octav, Practical guides on crypto NAV reporting, multi-chain portfolio management and digital asset APIs, from the team behind Octav.

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Funding rates are the cost of holding a perpetual position, and they differ
between venues for the same symbol — sometimes by a full percentage point.
[Octav Perps](https://perpstats.octav.fi) is a free dashboard that puts every
venue's rate for a symbol on one row so the spread is obvious.

![The Octav Perps funding rates dashboard comparing rates across nine exchanges](./images/perpstats-dashboard.jpg)

## What it covers

| | |
| --- | --- |
| Exchanges | Apex, Aster, Binance, Bybit, Hyperliquid, Lighter, OKX, Pacifica, Paradex |
| Symbols | 320+, including crypto, equities, FX and commodities perps |
| Refresh | Every 60 seconds |
| Views | Funding Rates · Arbitrage Opportunities · Simulation |
| Price | Free, no account |

The symbol list is broader than crypto. Perp venues now list equity and
commodity synthetics — NVDA, TSLA, XAU, BRENTOIL — and those appear alongside
BTC and ETH.

## How to read the table

Each row is one symbol; each column is a venue. The three computed columns are
where the value is:

- **Best rate** — the most favourable funding available for your direction.
- **Worst rate** — the least favourable.
- **Spread** — the gap between them, which is the size of the opportunity.

A positive funding rate means longs pay shorts. Negative means shorts pay longs.
So "best" depends on which side you are on — a deeply negative rate is excellent
if you are long and expensive if you are short.

## Why the spread exists

Funding is a mechanism to keep a perp's price anchored to spot. Each venue
computes it from its own order book, so the rate reflects positioning *on that
venue*, not a global truth.

Consequences worth internalising:

1. **Thin venues drift further.** A symbol with little open interest on a small
   venue can show a rate far from the majority.
2. **Rates are per-interval, not annualised.** A 0.01% rate charged every eight
   hours is roughly 10.9% a year. The table shows the interval rate.
3. **A wide spread is not free money.** Capturing it means holding offsetting
   positions on two venues, which costs margin on both, incurs fees, and carries
   liquidation risk on each leg independently.

## Funding is a portfolio line, not a footnote

For anyone running perps at size, accrued funding is a real P&L component that
does not appear in a token balance anywhere. It accrues inside the protocol,
alongside margin and unrealised PnL.

That is the same reason perp positions vanish from most portfolio trackers
entirely — covered in
[Tracking Hyperliquid Perps in Your Portfolio](/hyperliquid-perps-portfolio-tracking).
If your portfolio system reports only deposited collateral, it is not capturing
funding either, and a carry strategy will look flat while it is quietly earning
or bleeding.

## Where this sits in the toolset

Octav Perps is one of a set of free, standalone tools built on the same
underlying data as the main platform — see
[Every Octav Tool and When to Use It](/octav-tools-overview). If you want the
funding and position data programmatically rather than in a dashboard, that is
the [portfolio API](/crypto-portfolio-api-endpoint-reference).