CAP funding rates

CAP perpetual funding is currently quoted across 3 venues, ranging from -520.4% to -336.4% APR. The most reliable delta-neutral pairing for CAP right now is long Variational / short Aster at +0.0% net APR (high risk, ~1.1d to break even).

as of 2026-09-04 19:08 UTC
Best delta-neutral pairing
Long Variational / Short Aster
+0.0% net APR
Backtested (30d)
-1.5%
Stability
39.9%
Risk
high
Breakeven
~1.1d

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

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CAP funding by exchange

ExchangeFunding APR
Lighter-336.38%
Aster-518.21%
Variational-520.36%

Frequently asked

What is the CAP funding rate right now?

CAP perpetual funding ranges from -520.36% to -336.38% APR across 3 exchanges we track; the widest delta-neutral spread is long Variational / short Aster at 0.0% net APR.

Which exchange has the highest CAP funding rate?

Lighter currently has the highest at -336.38% APR. See the full ranking above.