BTC funding rates

BTC perpetual funding is currently quoted across 19 venues, ranging from -8.1% to +26.2% APR. The most reliable delta-neutral pairing for BTC right now is long Hibachi / short Variational at +2.9% net APR (low risk, ~0.1d to break even).

as of 2026-06-14 00:45 UTC
Best delta-neutral pairing
Long Hibachi / Short Variational
+2.9% net APR
Backtested (30d)
+7.3%
Stability
97%
Risk
low
Breakeven
~0.1d

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

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BTC funding by exchange

ExchangeFunding APR
Paradex+26.17%
Hyperliquid+10.95%
Hyena+10.95%
Pacifica+10.95%
Grvt+10.95%
EdgeX+10.95%
Lighter+10.51%
Nado+7.27%
Kraken+3.06%
Variational+2.52%
Aster+1.26%
Decibel+0.88%
Hibachi-0.55%
dYdX-1.84%
Extended-2.63%
01xyz-2.63%
Ethereal-2.84%
HotStuff-7.88%
RiseX-8.12%

Frequently asked

What is the BTC funding rate right now?

BTC perpetual funding ranges from -8.12% to 26.17% APR across 19 exchanges we track; the widest delta-neutral spread is long Hibachi / short Variational at 2.9% net APR.

Which exchange has the highest BTC funding rate?

Paradex currently has the highest at 26.17% APR. See the full ranking above.