Question 1

What is funding rate arbitrage?

Accepted Answer

You hold a long spot position and an equal short perpetual (or vice versa) so price moves cancel out, then collect the funding rate the perp pays. When funding is positive, shorts get paid — a delta-neutral way to earn the carry.

Question 2

What are the risks?

Accepted Answer

Funding can flip sign, fees and slippage eat the thin margin, and holding two legs ties up capital and adds liquidation risk on the short. The annualised return looks nice until funding normalises or turns against you.

資金調達レート裁定取引計算機

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