A practical guide to delta-neutral funding-rate farming: open offsetting long/short legs across venues, collect the funding spread, and stay market-neutral. Understand the net APY after fees, slippage and funding flips.
Long the perp where funding is negative, short the same notional where it is positive (or short the perp against spot). Price exposure cancels out; what remains is the funding differential, paid every interval.
Taker fees on both legs, slippage on entry and exit, funding flips that turn the spread against you, and venue risk. The strategies page pairs with the free net-APY calculator so you can price all of it before committing capital.
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