BTC funding rates
BTC perpetual funding is currently quoted across 26 venues, ranging from -36.7% to +19.0% APR. The most reliable delta-neutral pairing for BTC right now is long HotStuff / short TxFlow at +10.2% net APR (high risk, ~2.4d to break even).
as of 2026-09-12 17:44 UTC
Best delta-neutral pairing
Long HotStuff / Short TxFlow
+10.2% net APR
- Backtested (30d)
- +446.5%
- Stability
- 78.5%
- Risk
- high
- Breakeven
- ~2.4d
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 |
|---|---|
| RiseX | +19.00% |
| Extended | +11.39% |
| Pacifica | +10.95% |
| Polymarket | +10.95% |
| Arcus | +10.95% |
| Bulk | +10.95% |
| Nado | +10.95% |
| Katana | +10.93% |
| Grvt | +10.84% |
| Lighter | +10.51% |
| Decibel | +10.51% |
| Lighter RH | +10.51% |
| Paradex | +10.06% |
| TxFlow | +7.32% |
| Variational | +7.03% |
| SoDEX | +6.65% |
| Aster | +6.04% |
| Kraken | +4.52% |
| Hibachi | +2.74% |
| dYdX | +0.00% |
| Hyperliquid | -1.46% |
| Phoenix | -1.81% |
| Ondo | -3.15% |
| n1xyz | -3.50% |
| HotStuff | -8.76% |
| Perpl | -36.67% |
Frequently asked
What is the BTC funding rate right now?
BTC perpetual funding ranges from -36.67% to 19.00% APR across 26 exchanges we track; the widest delta-neutral spread is long HotStuff / short TxFlow at 10.2% net APR.
Which exchange has the highest BTC funding rate?
RiseX currently has the highest at 19.00% APR. See the full ranking above.