BTC funding rates
BTC perpetual funding is currently quoted across 26 venues, ranging from -7.0% to +48.9% APR. The most reliable delta-neutral pairing for BTC right now is long Hibachi / short Katana at +8.7% net APR (low risk, ~1.8d to break even).
as of 2026-10-27 21:06 UTC
Best delta-neutral pairing
Long Hibachi / Short Katana
+8.7% net APR
- Backtested (30d)
- +6.3%
- Stability
- 99.4%
- Risk
- low
- Breakeven
- ~1.8d
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 |
|---|---|
| Perpl | +48.89% |
| RiseX | +26.29% |
| n1xyz | +13.14% |
| Extended | +11.39% |
| Hyperliquid | +10.95% |
| Ondo | +10.95% |
| Pacifica | +10.95% |
| Polymarket | +10.95% |
| Variational | +10.95% |
| Arcus | +10.95% |
| PopDEX | +10.95% |
| Aster | +10.95% |
| Bulk | +10.95% |
| Grvt | +10.95% |
| Katana | +10.93% |
| Paradex | +10.53% |
| Decibel | +10.51% |
| Lighter RH | +10.51% |
| Lighter | +10.51% |
| Kraken | +8.77% |
| SoDEX | +6.90% |
| Nado | +6.53% |
| Phoenix | +4.45% |
| Hibachi | +0.22% |
| TxFlow | -0.44% |
| dYdX | -6.98% |
Frequently asked
What is the BTC funding rate right now?
BTC perpetual funding ranges from -6.98% to 48.89% APR across 26 exchanges we track; the widest delta-neutral spread is long Hibachi / short Katana at 8.7% net APR.
Which exchange has the highest BTC funding rate?
Perpl currently has the highest at 48.89% APR. See the full ranking above.