2Z funding rates

2Z perpetual funding is currently quoted across 8 venues, ranging from -131.0% to +10.9% APR. The most reliable delta-neutral pairing for 2Z right now is long Lighter / short Hyperliquid at +74.2% net APR (high risk, ~3.6d to break even).

as of 2026-06-14 06:01 UTC
Best delta-neutral pairing
Long Lighter / Short Hyperliquid
+74.2% net APR
Backtested (30d)
-26.9%
Stability
23.3%
Risk
high
Breakeven
~3.6d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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2Z funding by exchange

ExchangeFunding APR
Hyperliquid+10.95%
EdgeX+1.28%
dYdX+0.00%
Variational-15.30%
Lighter-76.21%
Pacifica-90.29%
Kraken-128.22%
Aster-131.02%

Frequently asked

What is the 2Z funding rate right now?

2Z perpetual funding ranges from -131.02% to 10.95% APR across 8 exchanges we track; the widest delta-neutral spread is long Lighter / short Hyperliquid at 74.2% net APR.

Which exchange has the highest 2Z funding rate?

Hyperliquid currently has the highest at 10.95% APR. See the full ranking above.