# Funding rate digest · Friday 10 April 2026

_Auto-generated from cross-exchange perpetual funding rate data. 20 exchanges, ~6,873 USDT-margined perpetual symbols. Data freshness: 141s._

## TL;DR — major sentiment

- **BTC**: • neutral (-0.64% APY averaged across 20 venues)
- **ETH**: • neutral (+2.94% APY averaged across 20 venues)
- **SOL**: • neutral (+4.38% APY averaged across 20 venues)

## Top cross-venue dislocations

Filter: signed straddle (one venue positive, one negative), ≥3 venues, ≥$5M per-venue volume, persisted ≥30 minutes. Cap-floor outliers (|APY| > 2000%) excluded.

| # | Base | Spread (APY) | Long venue | Short venue | Venues | Stddev |
|---|---|---|---|---|---|---|
| 1 | `BARD` | **+1,161%** | binance (-1,156%) | bybit (+4.26%) | 4 | 468.35% |
| 2 | `TNSR` | **+986.30%** | whitebit (-974.91%) | kucoin (+11.39%) | 8 | 295.60% |
| 3 | `RAVE` | **+886.62%** | okx (-104.68%) | gateio (+781.94%) | 8 | 272.40% |
| 4 | `BEAT` | **+745.70%** | kucoin (-673.64%) | bingx (+72.05%) | 7 | 245.82% |
| 5 | `STO` | **+530.91%** | binance (-141.97%) | gateio (+388.94%) | 6 | 171.88% |

## Top arbitrage opportunities (≥$10M per leg)

| # | Base | Long | Short | APY |
|---|---|---|---|---|
| 1 | `ARIA` | gateio | bitget | **+6,450%** |
| 2 | `SIREN` | bybit | bingx | **+6,111%** |
| 3 | `BULLA` | gateio | mexc | **+1,719%** |
| 4 | `RAVE` | okx | gateio | **+1,669%** |
| 5 | `BARD` | binance | bybit | **+1,161%** |

## Top 10 base coins by total cross-exchange 24h volume

| # | Base | Total volume | Venues |
|---|---|---|---|
| 1 | `BTC` | $54.68B | 20 |
| 2 | `ETH` | $41.23B | 20 |
| 3 | `SOL` | $10.55B | 20 |
| 4 | `ZEC` | $3.29B | 19 |
| 5 | `TAO` | $3.06B | 18 |
| 6 | `XAUT` | $3.02B | 13 |
| 7 | `ALPACA` | $2.91B | 1 |
| 8 | `XRP` | $2.44B | 20 |
| 9 | `CL` | $2.20B | 5 |
| 10 | `RAVE` | $1.94B | 10 |

## Extreme funding rates (from snapshot)

**Most positive (longs paying shorts):**
- `RAVE` on gateio: +0.71% per period
- `WILD` on kucoin: +0.55% per period
- `RARE` on kraken: +0.51% per period

**Most negative (shorts paying longs):**
- `SIREN` on bybit: -3.06% per period
- `SIREN` on phemex: -1.16% per period
- `RDNT` on bybit: -1.04% per period

## Signals bot activity (last 24h)

The funding_signals_bot posted **24 times** in the last 24 hours, covering **39 distinct base coins**:

`AGT`, `ARC`, `BARD`, `BEAT`, `BERA`, `BLUR`, `BULLA`, `BZ`, `C`, `CL`, `CLO`, `DRIFT`, `EDGE`, `ENJ`, `FARTCOIN`, `FF`, `KERNEL`, `KITE`, `LAB`, `MAGIC`, `MAGMA`, `MON`, `NOM`, `ONG`, `ONT`, `POL`, `PTB`, `RAVE`, `RED`, `SAPIEN`, `SIREN`, `SOLV`, `SPX`, `STO`, `TNSR`, `TRADOOR`, `TURBO`, `WLFI`, `ZEC`

Live archive: [funding-finder.io/signals](http://178.104.60.252:8083/signals)

---

## Methodology

All numbers in this post are pulled live from the public Funding Finder API (http://127.0.0.1:8083/) and the funding_signals_bot archive. The aggregator polls 20 perpetual futures exchanges every 5 minutes and normalizes every quote to a common shape (USDT-equivalent symbol form, decimal funding rate per period, USD-denominated 24h volume). Per-exchange normalization quirks are documented in the OSS collector code.

*Cross-venue dislocations* are computed as the standard deviation of annualized funding rates across all venues that list a given base coin, filtered to bases where the high and low venues straddle zero (i.e. directional disagreement, not just magnitude spread).

## Disclaimer

_Not financial advice. Cross-exchange perpetual arbitrage looks straightforward in a spreadsheet but in practice requires margin on multiple venues, careful position sizing relative to order book depth, and live monitoring of funding rate inversions. The numbers above are descriptive snapshots, not trade recommendations._

Generated by [funding_research](http://178.104.60.252:8083/research) on 2026-04-10 06:01 UTC.