TREAD funding rates and arbitrage

TREAD perpetuals trade on 2 contracts across 2 venues, forming 1 cross-venue arbitrage pairs. By net APR the current best pair is long MEXC against short Kraken, netting +4252.98%, with both legs settling on the same cadence。

TREAD 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
MEXC	TREAD_USDT	USDT	1h	0.0145%	+127.02%	+218.87%	$104K	0.95720
Kraken	PF_TREADUSD	USD	1h	0.5000%	+4380.00%	+1157.84%	$8K	0.95810

TREAD 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
MEXC USDT	Kraken USD	+4252.98%	11.6520%	+938.97%	1h matched	$8K

Tread.fi project profile

Website X (Twitter)

Key facts

Total: 100.00M
Max supply: 100.00M
Type: Token
Market cap rank: #899

Decentralized Finance (DeFi)PerpetualsEthereum EcosystemHyperliquid EcosystemHyperEVM Ecosystem

Contract addresses

ethereum0x31eea0edeb85b0cb65c1400bd2f4e487fd61b537

hyperevm0xd5ee1c81fe161e985dce6b90713c965f9979cf80

hyperliquid0xc03b5b39372b9daa292adc59a8568263

Block explorers

etherscan.io ethplorer.io hyperevmscan.io app.hyperliquid.xyz hypurrscan.io

About

TREAD is a token used within tread.fi, an algorithmic trading terminal and agentic trading ecosystem for digital asset markets. As the ecosystem grows, TREAD is the token that ties it together, connecting the traders, builders, and exchanges that use the platform. Official information about TREAD will come only from the Tread Foundation and on X @treadfoundation. tread.fi gives traders institutional-grade execution and autonomous agents that operate across venues, bringing professional trading infrastructure to a wider market for the first time.

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

TRUMPSOL0.0%TRY+21.9%TSLAX+5.7%TSTBSC0.0%TTMI0.0%UKOIL+273.8%US500+2.6%USOIL+20.6%VALE0.0%VEEV0.0%VINE VLO+21.9%

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