Structuredfunding arbitrage

Funding rate arbitrage is a delta-neutral strategy that involves opening opposing positions on different exchanges to capture differences in funding rates. By going long on one exchange and short on another, price exposure is neutralized, while funding payments create a net return.

Funding rates vary due to differences in market structure, liquidity and trader positioning across exchanges. When one side of the market dominates, funding payments are used to incentivize traders to take the opposite side and restore balance.

No strategy is completely risk-free. While funding arbitrage removes price risk, it still involves execution risk, liquidity constraints, funding variability, and platform-specific risks such as liquidation mechanics or smart contract exposure on DEXs.

bendbasis structures funding data across exchanges into a clear, comparable framework. It highlights funding rate differences and historical stability, helping users evaluate delta-neutral opportunities more efficiently. Instead of manually tracking multiple exchanges, bendbasis provides a single view focused on structure, consistency, and decision-making.