HFATArbitrage Terminal
STRATEGY 03Difficulty: Low

Funding Arbitrage

Collect funding payments by holding a delta-neutral position. Buy spot, short futures on an exchange with high positive funding rate. Passive income strategy.

How It Works

LEG A — Any Exchange
BUY Spot
Hold asset
LEG B — High Funding
SHORT Futures
Collect funding
Example — SOL with 0.08% funding/8h:
Position size$10,000
Funding rate0.08% / 8h
Daily funding (3x)$24
Annual APR~87%

Why It Works

  • Positive funding = longs pay shorts
  • Spot position hedges price risk
  • Profit regardless of price direction

Best Conditions

  • High positive funding rates (>0.05%/8h)
  • Stable or trending markets
  • Low volatility periods

Key Parameters

Min Funding Rate
0.03%+/8h
~33% APR minimum
Leverage
1–3x
Conservative for long holds
Hold Time
Hours–Days
Until funding drops
Risk Level
Low
Delta-neutral

Top Funding Opportunities

42 active
AssetFunding/8hAPR
SOL/USDT+0.08%87%
DOGE/USDT+0.06%65%
PEPE/USDT+0.05%54%
WIF/USDT+0.04%43%

Risks & Considerations

Funding Rate Reversal

Funding can flip negative, meaning you pay instead of receive.

Safeguard: Monitor funding trends, exit before reversal.

Basis Risk

Spot and futures prices can diverge temporarily.

Safeguard: Use low leverage, maintain margin buffer.