2Z funding rates
2Z perpetual funding is currently quoted across 8 venues, ranging from -119.0% to +10.9% APR. The most reliable delta-neutral pairing for 2Z right now is long Lighter / short Pacifica at +8.2% net APR (high risk, ~2.8d to break even).
as of 2026-07-29 10:02 UTC
Best delta-neutral pairing
Long Lighter / Short Pacifica
+8.2% net APR
- Backtested (30d)
- -10.5%
- Stability
- 56.4%
- Risk
- high
- Breakeven
- ~2.8d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this trade2Z funding by exchange
| Exchange | Funding APR |
|---|---|
| Hyperliquid | +10.95% |
| Pacifica | +10.95% |
| dYdX | +0.00% |
| EdgeX | +0.00% |
| Lighter | -5.26% |
| Aster | -66.43% |
| Kraken | -107.71% |
| Variational | -119.05% |
Frequently asked
What is the 2Z funding rate right now?
2Z perpetual funding ranges from -119.05% to 10.95% APR across 8 exchanges we track; the widest delta-neutral spread is long Lighter / short Pacifica at 8.2% net APR.
Which exchange has the highest 2Z funding rate?
Hyperliquid currently has the highest at 10.95% APR. See the full ranking above.