What is the current LEO funding rate?

LEO (LEO) funding rates change every 1 or 8 hours depending on the exchange. The live cross-exchange table on this page lists the current rate plus annualized APR for every venue tracking LEO perpetuals, updated each settlement window.

Which exchanges have the highest LEO funding rate?

The exchange with the highest LEO funding rotates minute-to-minute. Sharpe's funding rate leaderboard ranks all 5,000+ perpetual pairs across 13 tracked exchanges by current rate or annualized APR — sort by APR and filter for LEO to see the highest-yielding venue right now. Extreme rate spikes typically reflect either leveraged crowding on one venue or dislocation from spot during volatile sessions.

How is the LEO funding rate calculated?

Exchange-calculated funding rates combine three inputs: the premium index (LEO perpetual price minus the spot reference index), the interest rate component (typically fixed at 0.01% per 8 hours), and a clamp function that caps the final rate at ±0.375% on most exchanges. The formula is: funding = clamp(premium_index + interest_rate, ±cap). Different exchanges use slightly different index sources, which explains the cross-venue rate differences.

What is the annualized APR on LEO funding?

APR = rate × (8,760 / interval_hours). For 8-hour funding (Binance, Bybit, OKX), a 0.01% rate annualizes to 10.95% APR. For 1-hour funding (Hyperliquid), the same 0.01% rate annualizes to 87.6% APR. Sharpe's table auto-normalizes every LEO funding rate to APR so you can rank yields across exchanges without manual conversion.

Does LEO funding rate arbitrage work?

Yes, when rates are high enough to overcome trading fees and execution slippage. The classic trade is long spot LEO + short LEO perp on the same exchange — you earn the funding rate each settlement while staying delta-neutral. Historical BTC and ETH funding rate arbitrage has yielded 10–40% annualized in bull markets. Use Sharpe's arbitrage calculator to size the trade with realistic fee and holding assumptions before execution.

Where does Sharpe get LEO funding rate data?

Sharpe fetches LEO funding rates via direct REST API calls to each of the 13 supported exchanges — no third-party aggregator dependency. Rates update on each exchange's settlement schedule (every 1 hour for Hyperliquid and dYdX v4, every 8 hours for Binance, Bybit, OKX, and most others). Historical data is stored for trend analysis and accumulated-carry calculations.