BASED funding rates
BASED perpetual funding is currently quoted across 4 venues, ranging from +10.9% to +69.8% APR. The most reliable delta-neutral pairing for BASED right now is long Grvt / short Hyena at +25.3% net APR (medium risk, ~4.9d to break even).
as of 2026-06-12 09:47 UTC
Best delta-neutral pairing
Long Grvt / Short Hyena
+25.3% net APR
- Backtested (30d)
- -48.5%
- Stability
- 35.6%
- Risk
- medium
- Breakeven
- ~4.9d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradeBASED funding by exchange
| Exchange | Funding APR |
|---|---|
| Hyena | +69.85% |
| Variational | +10.95% |
| Grvt | +10.95% |
| Aster | +10.95% |
Frequently asked
What is the BASED funding rate right now?
BASED perpetual funding ranges from 10.95% to 69.85% APR across 4 exchanges we track; the widest delta-neutral spread is long Grvt / short Hyena at 25.3% net APR.
Which exchange has the highest BASED funding rate?
Hyena currently has the highest at 69.85% APR. See the full ranking above.