BTC funding rates
BTC perpetual funding is currently quoted across 25 venues, ranging from -6.4% to +39.5% APR. The most reliable delta-neutral pairing for BTC right now is long HotStuff / short Perpl at +9.8% net APR (low risk, ~0.8d to break even).
as of 2026-07-29 08:48 UTC
Best delta-neutral pairing
Long HotStuff / Short Perpl
+9.8% net APR
- Backtested (30d)
- +38.4%
- Stability
- 62.7%
- Risk
- low
- Breakeven
- ~0.8d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradeBTC funding by exchange
| Exchange | Funding APR |
|---|---|
| Ethereal | +39.55% |
| dYdX | +27.22% |
| Perpl | +24.45% |
| Phoenix | +14.65% |
| 01xyz | +13.14% |
| Extended | +11.39% |
| Ondo | +10.95% |
| Pacifica | +10.95% |
| Variational | +10.95% |
| Arcus | +10.95% |
| EdgeX | +10.95% |
| Katana | +10.93% |
| Decibel | +10.51% |
| HotStuff | +10.51% |
| Hyperliquid | +7.88% |
| Paradex | +7.35% |
| SoDEX | +5.61% |
| Aster | +5.48% |
| Kraken | +4.91% |
| Hibachi | -0.11% |
| Grvt | -0.33% |
| RiseX | -1.73% |
| Hyena | -3.30% |
| Lighter | -4.38% |
| Nado | -6.42% |
Frequently asked
What is the BTC funding rate right now?
BTC perpetual funding ranges from -6.42% to 39.55% APR across 25 exchanges we track; the widest delta-neutral spread is long HotStuff / short Perpl at 9.8% net APR.
Which exchange has the highest BTC funding rate?
Ethereal currently has the highest at 39.55% APR. See the full ranking above.