FRAX funding rates and arbitrage

FRAX perpetuals trade on 9 contracts across 9 venues, forming 36 cross-venue arbitrage pairs. By net APR the current best pair is long Aster against short Binance, netting +143.51%, with both legs settling on the same cadence。

FRAX perpetual funding rates by venue

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

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
BingX	FRAX-USDT	USDT	4h	0.0050%	+10.95%	+9.65%	$1.2M	0.25690
LBank	FRAXUSDT	USDT	4h	0.0050%	+10.95%	+9.61%	$1.1M	0.25700
Binance	FRAXUSDT	USDT	4h	0.0050%	+10.95%	+9.61%	$655K	0.25710
MEXC	FRAX_USDT	USDT	4h	0.0050%	+10.95%	+9.54%	$122K	0.25710
Bitget	FRAXUSDT	USDT	4h	-0.0338%	-74.02%	-26.10%	$25K	0.25717
Gate	FRAX_USDT	USDT	4h	0.0050%	+10.95%	-51.85%	$8K	0.25700
KuCoin	FRAXUSDTM	USDT	4h	0.0050%	+10.95%	+10.95%	$6K	0.25790
Aster	FRAXUSDT	USDT	4h	-0.0605%	-132.56%	-113.35%	$3K	0.25726
Crypto.com	FRAXUSD-PERP	USD	4h	-0.0552%	-120.98%	-73.30%	$29	0.25740

FRAX cross-venue arbitrage pairs

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

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Aster USDT	Binance USDT	+143.51%	0.3932%	+122.96%	4h matched	$3K
Aster USDT	BingX USDT	+143.51%	0.3932%	+122.99%	4h matched	$3K
Aster USDT	Gate USDT	+143.51%	0.3932%	+61.50%	4h matched	$3K
Aster USDT	KuCoin USDT	+143.51%	0.3932%	+124.30%	4h matched	$3K
Aster USDT	LBank USDT	+143.51%	0.3932%	+122.96%	4h matched	$3K
Aster USDT	MEXC USDT	+143.51%	0.3932%	+122.89%	4h matched	$3K
Crypto.com USD	Binance USDT	+131.93%	0.3614%	+82.90%	4h matched	$29
Crypto.com USD	BingX USDT	+131.93%	0.3614%	+82.94%	4h matched	$29
Crypto.com USD	Gate USDT	+131.93%	0.3614%	+21.45%	4h matched	$29
Crypto.com USD	KuCoin USDT	+131.93%	0.3614%	+84.25%	4h matched	$29
Crypto.com USD	LBank USDT	+131.93%	0.3614%	+82.90%	4h matched	$29
Crypto.com USD	MEXC USDT	+131.93%	0.3614%	+82.84%	4h matched	$29

Legacy Frax Dollar project profile

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Key facts

Total: 219.31M
Max supply: unlimited
Type: Token
Market cap rank: #174

StablecoinsDecentralized Finance (DeFi)USD StablecoinBNB Chain EcosystemSeigniorageAvalanche EcosystemPolygon EcosystemFantom Ecosystem

Contract addresses

ethereum0x853d955acef822db058eb8505911ed77f175b99e

polygon0xff8544fed5379d9ffa8d47a74ce6b91e632ac44d

moonbeam0x322e86852e492a7ee17f28a78c663da38fb33bfb

boba0x7562f525106f5d54e891e005867bf489b5988cd9

aurora0xe4b9e004389d91e4134a28f19bd833cba1d994b6

moonriver0x1a93b23281cc1cde4c4741353f3064709a16197d

8 more chains

fantom0xdc301622e621166bd8e82f2ca0a26c13ad0be355

evmos0xe03494d0033687543a80c9b1ca7d6237f2ea8bd8

harmony0xfa7191d292d5633f702b0bd7e3e3bccc0e633200

polygon0x45c32fa6df82ead1e2ef74d17b76547eddfaff89

binance0x90c97f71e18723b0cf0dfa30ee176ab653e89f40

arbitrum0x17fc002b466eec40dae837fc4be5c67993ddbd6f

optimistic0x2e3d870790dc77a83dd1d18184acc7439a53f475

avalanche0xd24c2ad096400b6fbcd2ad8b24e7acbc21a1da64

Block explorers

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About

The first fractional-algorithmic stablecoin

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Funding rates for other coins

GENIUS0.0%GEV+55.5%GLM+113.2%GWEI+68.1%HAEDAL0.0%HANMI+60.6%HD+32.4%HOLO+63.1%ICNT+123.8%IN+43.1%INTW+15.8%IONQ+23.3%

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