DKNG funding rates and arbitrage

DKNG perpetuals trade on 11 contracts across 11 venues, forming 55 cross-venue arbitrage pairs. By net APR the current best pair is long WhiteBIT against short Crypto.com, netting +115.53%, though note the legs settle on different cadences (8h / 4h)ใ€‚

DKNG perpetual funding rates by venue

APR = current rate ร— (24 รท settlement interval) ร— 365. Venues settle on different cadences, so rates must be annualised before comparing.

VenueContractMarginSettlementCurrent rateAPR24h avg APR24h volumeMark
KuCoinDKNGUSDTMUSDT8h0.0074%+8.10%+8.67%$337K19.520
LBankDKNGUSDTUSDT8h0.0000%0.00%0.00%$219K19.520
MEXCDKNGSTOCK_USDTUSDT8h0.0000%0.00%0.00%$117K19.510
BitgetDKNGUSDTUSDT8h0.0088%+9.64%+12.61%$44K19.524
BybitDKNGUSDTUSDT8h0.0000%0.00%+2.56%$38K19.510
OKXDKNG-USDT-SWAPUSDT8h0.0000%0.00%+0.51%$35K19.510
WhiteBITDKNG_PERPUSDT8h-0.0100%-10.95%-10.95%$28K19.500
HTXDKNG-USDTUSDT8h0.0000%0.00%0.00%$3K19.525
GateDKNG_USDTUSDT8h0.0000%0.00%0.00%$2K19.520
Crypto.comDKNGUSD-PERPUSD4h0.0478%+104.58%+35.32%$74819.530
AsterDKNGUSDTUSDT8h0.0000%0.00%0.00%$48119.512

DKNG cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg โˆ’ long leg.

LongShortNet APRDaily24h avgSettlementLiquidity
WhiteBIT USDTCrypto.com USD+115.53%0.3165%+46.27%8h / 4h$748
Aster USDTCrypto.com USD+104.58%0.2865%+35.32%8h / 4h$481
Bybit USDTCrypto.com USD+104.58%0.2865%+32.76%8h / 4h$748
Gate USDTCrypto.com USD+104.58%0.2865%+35.32%8h / 4h$748
HTX USDTCrypto.com USD+104.58%0.2865%+35.32%8h / 4h$748
LBank USDTCrypto.com USD+104.58%0.2865%+35.32%8h / 4h$748
MEXC USDTCrypto.com USD+104.58%0.2865%+35.32%8h / 4h$748
OKX USDTCrypto.com USD+104.58%0.2865%+34.81%8h / 4h$748
KuCoin USDTCrypto.com USD+96.48%0.2643%+26.64%8h / 4h$748
Bitget USDTCrypto.com USD+94.95%0.2601%+22.70%8h / 4h$748
WhiteBIT USDTBitget USDT+20.59%0.0564%+23.56%8h matched$28K
WhiteBIT USDTKuCoin USDT+19.05%0.0522%+19.62%8h matched$28K

DraftKings (Backpack Securities) project profile

Key facts
Total
26,452
Max supply
unlimited
Type
Token
Market cap rank
#3690
Tokenized AssetsSolana EcosystemTokenized StocksReal World Assets (RWA)Backpack Securities Ecosystem
Contract addresses
solanaDKNGQFNGQmoBdXSRGKJ8tTu7uPDasw5JDcfMmWniNfow
About

DraftKings (Backpack Securities) is a digital representation of private equity, specifically designed to bridge the gap between traditional financial markets and the on-chain ecosystem. Unlike synthetic derivatives or perpetual contracts that merely track price movements through oracles, DKNG represents a tangible claim on the underlying asset. The project is part of the emerging sector of Real World Assets (RWA), which focuses on digitizing physical or financial instruments to improve liquidity and accessibility.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

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